U.S. stock futures saw an uptick Tuesday night following President Donald Trump‘s statement that he has “no intention” of dismissing Federal Reserve Chair Jerome Powell. For the day, the Dow Jones Industrial Average ended 2.7% higher at 39,186.98, while the S&P 500 rose 2.5% to 5,287.76 and the tech-heavy Nasdaq ended Tuesday higher by 2.7% to 16,300.42….
Tesla Inc.’s TSLA new vehicle registrations in California have declined despite growing adoption of EVs in the domestic market, according to the latest Q1 2025 sales data. What Happened: The California New Car Dealers Association (CNCDA) released a report on Wednesday, highlighting the new vehicle registrations in the state for Q1 2025. According to the…
A new report highlights the growth of several automotive brands, as Tesla Inc. TSLA saw its market share decline in the U.S. electric vehicle sector in the first quarter. What Happened: A political push by Tesla CEO Elon Musk has led to protests at Tesla dealerships and lower sales of the leading electric vehicle company in…
Despite growing concerns about renewed trade tensions between Washington and Beijing, one analyst says the drama may be more performative than policy-driven. What Happened: Marko Papic, chief strategist at BCA Research, downplayed the long-term impact of escalating U.S.-China tariff rhetoric, suggesting that the latest threats may be largely symbolic and unlikely to result in sustained…
The sales figures for Q1 2025 for EVs showcase a growth in U.S. EV sales for several manufacturers and paint a strong picture for the domestic EV sector. What happened: Cox Automotive has published a report outlining how the EV sector is performing in the US. The report showcases how EV sales in the US…
Renowned economist Nouriel Roubini, nicknamed “Dr. Doom” for his pessimistic but often accurate predictions, warned Monday that financial markets are mistaken about the Federal Reserve’s willingness to step in amid escalating trade tensions. What Happened: “Markets have been delusional that Powell put strike price is above Trump’s put strike price. It is NOT!” Roubini wrote…
Rivian Automotive RIVN CEO RJ Scaringe didn’t hold back at the NVIDIA GTC conference when he shared being upset at how far ahead China is than the U.S. in EV market share. Here’s what Scaringe said sets China apart and how the U.S. can catch up. What Happened: Scaringe has positioned Rivian to be a…
Tesla Inc. TSLA has seen its market share in Europe shrink, despite a surge in demand for electric vehicles (EVs). The company’s sales have dipped for two consecutive months. What Happened: Data from the European Automobile Manufacturers Association (ACEA) indicates that Tesla’s sales in Europe have plummeted by 42.6% this year. Tesla’s market share stood at 1.8% of…
President Donald Trump has publicly praised Amazon AMZN founder and owner of The Washington Post, Jeff Bezos, for the significant changes he has implemented at the newspaper. What Happened: President Trump, during an interview with television journalist Sharyl Attkisson, expressed his appreciation for Bezos’ efforts to improve The Washington Post. “I think a guy like Bezos is — I’ve gotten to know…
BYD Co. Ltd. BYDDY, China’s leading electric vehicle maker, has introduced a groundbreaking charging system that rivals the speed of refueling a gasoline car, Bloomberg reports. What To Know: Chairman Wang Chuanfu announced that in tests, the new system charged the Han L model with 292 miles of range in just five minutes. This innovation…