Elon Musk, during a news conference with President Donald Trump, inside the Oval Office at the White House in Washington on May 30, 2025. Tom Brenner | The Washington Post | Getty Images Tesla shares fell 8% Thursday after the company reported a second straight quarter of declining auto sales, and CEO Elon Musk told…
By Liz Lee, Laurie Chen and Xiuhao Chen BEIJING -Chinese President Xi Jinping urged top European Union officials on Thursday to “properly handle differences and frictions” as he criticised Brussels’s recent trade actions against Beijing at a tense summit dominated by concerns on trade and the Ukraine war. Expectations were low for the summit in…
NEW YORK (AP) — The fallout from Elon Musk’s plunge into politics a year ago is still hammering his Tesla business as both sales and profits dropped sharply again in the latest quarter. The car company that has faced boycotts for months said Wednesday that revenue dropped 12% and profits slumped 16% in the three…
In the midst of perhaps the worst year in the company’s history, Tesla finally has some good news to tout. Despite a prolonged sales slump throughout much of Europe of late, Norway has stuck by the embattled electric vehicle powerhouse, CNBC reported. The Scandinavian country has actually recorded a 54% increase in year-over-year Tesla purchases…
The fallout from Elon Musk’s plunge into politics a year ago is still hammering electric vehicle-maker Tesla, as both sales and profits dropped sharply again in the latest quarter. Tesla revenue dropped 12%, and profits slumped 16% in the three months through June as buyers continued to steer clear, and in some cases, turn to…
Financing, state incentives and OEM support will play crucial roles in propelling EV truck adoption after President Donald Trump’s One Big Beautiful Act dealt a blow to the market. While several industry trade groups have lauded the new legislation for restoring 100% bonus depreciation, it eliminated the federal Commercial Clean Vehicle Credit. The program, now…
BEIJING — China’s stock market is buzzing over government promises to tackle price wars that have hurt profits and worsened global trade tensions. The prevailing catchphrase is “anti-involution,” and it reflects efforts to curb intense competition and overcapacity in industries like solar panels, steel, and electric vehicles. With rising trade barriers such as President Donald…
Sona Comstar forms a JV with Jinnaite Machinery to enter the Chinese electric vehicle market with a USD 12 million investment. The JV will manufacture driveline systems and components. New Delhi, Jul 20 (PTI) Auto components Sona BLW Precision Forgings Ltd (Sona Comstar) on Sunday said it has formed a joint venture with Jinnaite Machinery…
The very day Elon Musk expanded the boundaries of his three-week-old autonomous ride hailing service in Austin, Joe Tegtmeyer’s Tesla tried to illegally run a railroad crossing just as a locomotive approached. “The robotaxi did not see that, and the safety observer had to stop the vehicle until the train had passed. So there’s a…
UK-based start-up Barocal, which specialises in energy storage and conversion, won the US$1 million top prize at this year’s TERA-Award, created by Hong Kong tycoon Peter Lee Ka-kit. Lee is on a mission to discover unicorns in green energy development and innovation through his platform, aiming to tackle one of the world’s most pressing challenges:…