A record 50,000 unsold Teslas are sitting on the lot - Business Insider

Written for Daily Hive Urbanized by Joanne Shao, who is the vice president of development for Century Group. Walk into any conversation about housing in Metro Vancouver today, and you’ll hear a familiar explanation for why condominium sales have stalled relative to other housing types: homes are too small, and buyers simply don’t want them.

With Halloween just around the corner, it's nice to see automakers embracing the holiday spirit without taking themselves too seriously. Just last week, Tesla began rolling out a Halloween-themed software update that, as the automaker put it on X, "turns your Tesla into a haunted house on wheels. " Days later, Rivian brought Ghostbusters to its entire lineup as part of its own Halloween surprise. Tesla's Halloween Mode comes as part of update 2026.38.3 and brings along a host of goofy ghost-themed add-ons. For example, you can frighten pedestrians by speaking through Tesla's Boombox feature — the car will now repeat your message in a not-so-robotic but suitably scary voice. There's also a new lock sound available, with your Tesla now growling as you lock the car.

Obrist, the Austrian engineering firm famous for ripping battery cells out of a Tesla Model 3 and bolting a gas engine into the frunk, is bankrupt. Three companies in the Obrist Group are insolvent with combined debts of about €31.8 million, or roughly $37 million. The company spent over a decade pitching its “HyperHybrid” range extender as the smarter alternative to battery-electric cars. It never got a single production vehicle out of it.

Home sellers cut asking prices on more than 3,000 properties a day on average in Britain during September, according to figures from Rightmove shared exclusively with the BBC. The property website said the total was the highest of any month for 15 years and was driven, in part, by a glut of homes on the market and some sellers setting unrealistic expectations. The proportion of listed homes that eventually had a price cut peaked in 2023 and has remained relatively high since. Property portals say buyers are now having to be choosy, with many working to a tight budget as mortgage rates have risen to three-year highs. "Once a home has been on the market for a while and then has a price reduction, some buyers start asking questions, even when there is nothing wrong with the property," said Colleen Babcock of Rightmove. "In a market with so much choice, first impressions matter. "Rightmove data said the average price reduction was nearly 7% - the equivalent of nearly £21,000 cut from a typically valued home. Its data showed that homes that had a price reduction typically took 119 days to find a buyer, compared with 39 days for those listed at one price.

Soaring freight is forcing oil producers into discounts, pushing delivered prices towards $140/bbl in China and prompting producers to absorb more transport costs to secure buyers. India is attracting more Brazilian and West African barrels as shorter voyages improve sellers’ returns, while Chinese refiners hold out for cheaper deliveries.