President Trump’s affinity for electric vehicles (EVs) lasted about as long as his government collaboration with Tesla NASDAQ: TSLA CEO Elon Musk did. Earlier this year, at a staged media event at the White House’s South Lawn, the president publicly announced that in support of Musk, he was purchasing a red Tesla Model S. But…
China’s state-owned carmakers are realigning their operations on the mainland, forming tie-ups with domestic partners after relying on foreign marques for decades, as they focus on electric vehicles (EV) in the world’s largest market for clean-energy cars. Juggernauts from FAW Group, mainland China’s oldest carmaker, to SAIC Motor, the country’s largest carmaker until 2023, are…
(Reuters) -The Trump administration is seeking an equity stake of as much as 10% in Lithium Americas (LAC) as it renegotiates terms of the company’s $2.26 billion Energy Department loan for its Thacker Pass lithium project with General Motors (GM), two people familiar with the discussions told Reuters. The proposed stake is the latest example…
General Motors is slated to bring back one of its most iconic EV models soon, with some new features to modernize it for the current EV market. GM has announced that it is bringing back the Chevrolet Bolt as part of its 2027 model lineup. The model originally debuted in late 2016 and received an…
General Motors is extremely proud of its #2 slot in domestic EV sales, second only to industry leader Tesla in the US market. Despite the ongoing tariff turmoil and the forthcoming loss of the federal tax credit, the automaker is still determined to blow past Tesla for the #1 crown. In the latest news, GM…
Rare earths are needed for everything from consumer electronics to electric vehicles, wind turbines and fighter jets – and China controls the supply chain. In the last of a four-part series, we look at how countries are looking for alternatives that could help reduce their reliance on China. Seventy years ago, the US was the…
Wall Street analysts lifted their price targets on Amazon stock ahead of the Facebook and Instagram parent’s quarterly earnings report July 31. Needham analyst Laura Martin lifted her outlook on Amazon shares on Tuesday to $265 from $220, citing “strong” revenue growth for the company’s cloud division, AWS, “record-breaking” Amazon Prime days, waning tariff woes,…
Tech led declines in US stocks on Tuesday after notching new all-time highs the prior day, as Wall Street waded through a fresh wave of earnings that brought a tariffs warning from General Motors (GM). The Nasdaq Composite (^IXIC) dropped 0.9% ahead of the first Big Tech quarterly results, and the S&P 500 (^GSPC) fell…
How’s the electric vehicle market doing in America so far this year? Well, that depends on what exactly you mean, and who you ask. EV sales are up this half—but the most recent quarter isn’t looking so pretty. General Motors? Crushing it. Tesla? I probably don’t even have to say it at this point. My…
The second quarter of 2025 painted a chaotic picture of the electric vehicle market in the United States. While General Motors enjoyed a breakout quarter, most other automakers, especially Tesla and Ford, stumbled hard. EV sales are now a mix of breakthroughs and breakdowns. And all of this is happening under a White House that…