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Today β€” 25 February 2025Main stream

Tesla sales almost halved in Europe last month and were surpassed by a Chinese rival

25 February 2025 at 03:26
Tesla Berlin factory
Tesla's German factory is on the outskirts of Berlin.

Sean Gallup/Getty Images

  • Tesla's European sales plunged in January, falling 45% compared with the same month in 2024.
  • The decline came despite a rise in EV sales in Europe, with Tesla falling behind China's SAIC Motor.
  • Elon Musk has waded into European politics in recent months, backing far right-wing German party AfD.

Tesla sales in Europe plunged in January, falling 45% compared with the same month last year, while overall sales of electric vehicles increased.

Elon Musk's automaker sold 9,945 vehicles last month in the European Union and UK, Iceland, Liechtenstein, Norway, and Switzerland, figures from European Automotive Manufacturers' Association showed. There were 18,161 sales in January 2024.

In December Tesla sold 44,697 vehicles across the same markets.

Tesla had a 1% market share in January, down from 1.8% in the same month last year.

That decline put it behind China's SAIC Motor, whose sales grew 37% to nearly 17,000 vehicles in January under brands including MG. The company had a 2.3% market share, up from 1.7%. It sells petrol and hybrid cars as well as EVs.

Chinese EV giant BYD also outsold Tesla in the UK for the first time in January, according to separate industry data, as China's EV makers continue to put Musk's company under pressure.

Tesla, which recorded its first annual fall in sales last year, is changing over assembly lines at its factory near Berlin as it prepares to start building the revamped Model Y this year.

Overall sales of battery electric vehicles jumped 34% to 124,341 in Europe last month, giving the category a 15% market share, up from 10.9% in January 2024.

Tesla's declines follow Musk's decision to wade into European politics in recent months, and he endorsed Germany's far-right AfD party ahead of last Sunday's elections.

The AfD won the second-highest share in the election, but seems unlikely to form part of the next government.

The billionaire spoke virtually at campaign events for the anti-immigrant and anti-European Union party. AfD leader Alice Weidel said Musk called to congratulate her after the party's historic election performance.

Musk's involvement in European politics has sparked public backlash, protests, and isolated acts of vandalism.

Last month, activists projected an image of a controversial gesture the Tesla CEO made at an event marking President Donald Trump's inauguration, which some interpreted as a fascist salute, onto the company's Berlin factory. A Tesla showroom in the Netherlands was also vandalized with spray-painted swastikas, Politico reported.

Tesla did not immediately respond to a request for comment.

Read the original article on Business Insider

Mining the moon for minerals could be worth billions, but astronomers warn it's bad news for science

25 February 2025 at 03:20
The International Space Station (ISS) is photographed with the full moon in the background from Cihanbeyli district of Konya, Turkiye on January 24, 2024.
Mining the moon could be a huge money-making industry in the future.

Yunus Turkyilmaz/Anadolu via Getty Images

  • Moon mining could become a multibillion-dollar industry.
  • The moon holds resources like rare earth elements, water ice, and helium-3.
  • But astronomists say large-scale lunar mining could be bad news for scientific research.

Mining the moon for water, helium-3, and rare earth elements could become a multibillion-dollar industry in the near future, but astronomers warn it risks coming at the expense of scientific discovery.

The NASA-sponsored Jet Propulsion Laboratory estimates that the moon holds untapped resources worth hundreds of billions of dollars.

These include water ice, which could support lunar habitation or be converted into rocket fuel, and rare earth elements, which are a key component in modern electronics.

Perhaps the most lucrative lunar prospect is helium-3, a non-radioactive isotope that holds the potential to be used for nuclear fission.

Helium-3 traded for about $2,500 per liter in 2024, according to the Edelgas Group.

"That's a huge market, in principle, and something is coming along very fast," Martin Elvis, a senior astrophysicist at the Smithsonian Astrophysical Observatory, told Business Insider.

He also said that lunar law is "very much" like the Wild West, where a "bad incentive" now exists that encourages those who reach mining sites first to "exploit" them quickly before anyone can catch up.

Resource-rich, scientifically valuable

NASA, China, and several private companies aim to mine the moon within the next decade. However, astronomers warn that large-scale operations there could make studying the universe more challenging.

The moon has scientifically significant sites that could also be rich in lunar resources, creating a potential clash between money-making ventures and scientific research.

These areas include the far side of the moon, a radio-quiet environment ideal for studying the cosmic Dark Ages, the time before there were stars and galaxies.

Elvis said the moon's permanently shadowed regions near its poles are also "special places for astronomy." But they're believed to be rich in water ice β€” crucial for future space exploration β€” once again making them highly valuable for resource extraction.

Ongoing human activities, such as water extraction or deploying rovers for mineral mining, could introduce vibrations that disrupt delicate lunar studies, Elvis said.

"Mining for water is probably the worst," he added.

A loose legal framework

While legal frameworks exist β€” such as the Artemis Accords, a non-binding set of principles established in 2020 and signed by over 50 countries β€” Robert Massey, deputy executive director of the Royal Astronomical Society, told BI these agreements come with their own challenges.

One of the details of the Artemis Accords was actually explicitly permitting space mining, provided it complies with the Outer Space Treaty of 1967 and is done in a "safe and sustainable" way, he said, "effectively allowing people to set up camps in different places on the moon to extract resources."

According to Elvis, there is a relatively brief window of time to "inject the need for science" into the lunar mining debate. One suggestion he had was introducing protected planetary parks on the moon's surface.

Massey, meanwhile, stressed that any future regulations should emphasize astronomy's value and better protect scientific research, rather than focusing solely on the financial prospects.

"There should be more stakeholders than just the wealthy and companies that want to do this," he said, adding: "The stakeholders ought to include all of us β€” just as all of us have a stake in terrestrial environments."

Read the original article on Business Insider

Entry-level job openings are shrinking. That's not just a problem for Gen Z.

25 February 2025 at 03:15
A manager training a young Gen Z employee
A lot of entry-level jobs aren't entry-level anymore.

Kindamorphic/Getty Images

  • Some Gen Z workers are finding it hard to get into the workforce due to the demands of "entry-level" jobs.
  • Leaders should value Gen Z's creativity and entrepreneurialism, not base decisions on "young-ism."
  • Zoomers can push back against stereotypes by going into the office and listening to older colleagues.

Plenty of entry-level jobs are no longer entry-level.

Mona Mourshed, the CEO of the employment nonprofit Generation, said many employers are now looking for two to three years of work experience for such roles.

"Job vacancies are down for entry-level roles, and that's true across the world," she told Business Insider. "Then, on top of it, to get those job vacancies, hiring requirements have gone up."

Labor market commentators previously told BI there's a surplus of available workers, and this is only getting more true asΒ highly skilled employees are being laid offΒ from the likes of Meta, GoogleΒ β€” and the federal government.

The "unbossing" of the workplaceΒ is also likely a factor, with millennial middle managers being squeezed out in the "Great Flattening" and wading into the hiring pool. Without these people in companies and mentoring junior employees, more experience is necessary for new hires to thrive.

The group most likely to be affected is Gen Z β€” the youngest cohort of workers, which is also set to make up 30% of the workforce by 2030.

Making it harder for young workers to find jobs could be short-sighted. "They tend to be entrepreneurial in spirit, they collaborate with their peers, and they embrace diversity," said Stephanie Chung, JetSuit's former president and the author of "Ally Leadership: How to Lead People Who Are Not Like You."

"The older generations need to come to grips that there are many ways to achieve the goal and that their way of working is one way," she told BI. "It's not the only way. "

Mourshed said most entry-level roles are not what they used to be: "When you went through a training, or you have a degree or a certificate, and you're seeking to get your first work experience β€” that's gone."

'Young-ism' on the rise

There are many influences at play, including negative stereotypes about Gen Z's work ethic and the balance tipping in favor of employers, making room for experienced talent over "underperformers."

Jennifer Moss, a workplace culture strategist and author of "WHY ARE WE HERE?: Creating a Work Culture Everyone Wants," told BI that "young-ism" is on the rise.

Gen Zers are sometimes labeled difficult, demanding, and even weird in interviews. Many are fed up with work and don't want to climb the corporate ladder, thinking the juice isn't worth the squeeze.

Some attribute this to the pandemic and being stuck at home in some of their most formative years. Moss thinks Gen Zers actually became more ambitious after lockdowns and now seek lives with purpose.

"This can be a great driver of engagement and lots of really positive business outcomes," she said.

Chung said employees hiring for entry-level roles should consider Gen Z's positives, such as their ability to think outside the box, courage to take calculated risks, and that they are "super collaborators."

"These folks collaborate on everything from school projects, to slaying dragons while immersed in a fictitious game," she said. "Gen Z sees collaborating as a way of life β€” they don't know anything different."

Leaders create a company's culture, so they need to address workplace disengagement, said Leena Rinne, a VP at online learning platform Skillsoft.

"Feeling that Gen Z doesn't have a work ethic, that they're entitled, that they lack motivation β€” those can be addressed through leadership," she told BI. "If we believe those are learnable skills, then as an organization, as leaders, we should be investing in Gen Z to actually be able to do it."

Forging connections

Gen Zers can fight back against negative stereotypes, by realizing that technology cannot replace experience, Chung said.

Older generations have significant knowledge "that doesn't always get captured by computers," she said.

Going to the office more often is another good idea, in Chung's view, given the opportunities for forging connections and ad-hoc learning.

"Sometimes simply being present can lead to impromptu conversations that may enhance your thinking or change the trajectory of your career," she said.

Chung thinks workers should ask what they can gain from interacting with those outside their cohort. "Everyone can learn something from anyone if they're willing to try. All generations add value to a company β€”Β how do we both win?"

Read the original article on Business Insider

Delta passengers took a 10-minute flight to nowhere when the cabin filled with smoke right after takeoff

By: Pete Syme
25 February 2025 at 03:12
Delta Air Lines Boeing 717-200 airplane as seen on the final approach landing at New York JFK John F. Kennedy International Airport, NYC, USA.
A Delta Air Lines Boeing 717 like the one involved in the incident in Atlanta.

Nicolas Economou/NurPhoto via Getty Images

  • A Delta flight made an emergency landing just 10 minutes after takeoff.
  • Air traffic control audio appeared to show a pilot complaining of smoke in the cabin.
  • Footage and images shared on social media showed passengers evacuating onto the tarmac.

A Delta Air Lines flight was evacuated after smoke appeared to fill the cabin on Monday morning.

The Boeing 717 was set to fly from Atlanta's Hartsfield-Jackson International Airport to Columbia, South Carolina, operating as Flight 876.

But data from Flightradar24 shows it started to turn back around five minutes after taking off from the world's busiest airport. In total, it was in the air for just over 10 minutes.

In communications published by LiveATC.net, one of the pilots can be heard declaring an emergency after ascending to 3,000 feet.

"Got smoke in the cabin and need to plan a return back," he says. "Have the fire trucks roll for us, please."

He added that there were 99 people on board.

Images shared on social media appear to show passengers evacuating after landing safely, with people standing on the wings and a slide deployed from the 717's tail.

The Federal Aviation Administration said the plane returned safely "after the crew reported possible smoke in the flight deck."

It added that the FAA will investigate the incident.

"The flight crew followed procedures to return to Atlanta when a haze inside the aircraft was observed after departure," Delta said in a statement shared with a number of media outlets.

"Nothing is more important than the safety of our customers and people, and we apologize to our customers for the experience," the airline said.

Delta did not immediately respond to a request for comment from Business Insider.

Read the original article on Business Insider

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