Billionaire Elon Musk’s electric vehicle (EV) company, Tesla Inc., signed a $16.5 billion chip supply deal with the South Korean electronics maker Samsung Electronics on Monday, 28 July 2025. The EV major aims to focus on the next-generation AI6 chip, according to the executive’s post on the social media platform X. The chip supply partnership…
Tesla share price surged over 5% on Wednesday, closing at $282.76 per share, ahead of an anticipated trade policy announcement by US President Donald Trump. However, during extended trading hours, Tesla stock price dipped more than 3%, mirroring a broader decline in US stock futures. Trump Tariffs on Auto & Its Impact Trump’s newly imposed…
Tesla, Elon Musk’s electric car company, has seen its share price fall by almost half since its December highs (as traders eye a Federal Reserve “big catalyst”). Front-run Donald Trump, the White House and Wall Street by subscribing now to Forbes’ CryptoAsset & Blockchain Advisor where you can “uncover blockchain blockbusters poised for 1,000% plus…
Last Updated:March 12, 2025, 08:30 IST Trump’s tariffs, including reciprocal tariffs worldwide and a more intense trade war with Mexico, Canada, and China, are a pivotal factor for rekindling fears of a recession It is expected that higher tariffs and a trade war would lead to higher inflation in the US. (AP Photo) The Wall…
US auto stocks including Tesla, Rivian and General Motors fell on Thursday after a report said that President-elect Donald Trump planned to end the consumer tax credit for electric vehicles. Donald Trump’s transition team is planning to kill the $7,500 consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation, Reuters reported, citing…