China is frequently a target of criticism over allegations that it does not innovate but instead exfiltrates intellectual property developed abroad and wins by undercutting rivals on price. Now that the country has arguably leapfrogged America in electrical vehicle technology, it is starting to see the value in protecting domestic business in the free market….
Musk, Tesla protesters gather at dealership Musk, Tesla protesters gather at dealership 00:59 Tesla, whose pioneering electric vehicles were once a symbol of forward-thinking sustainability, increasingly finds itself the target of public furor. Attacks on property carrying the logo of Elon Musk’s electric-car company are cropping up across the U.S. and overseas. While no injuries…
The EV maker has been the single biggest part of his ever expanding fortune for years. No more, as Tesla’s stock comes crashing down. By Matt Durot, Forbes Staff Elon Musk paid out more than $200 million to help get Donald Trump reelected in November. In the weeks following Trump’s victory, Musk more than made…
Shares of China’s BYD, an automobile manufacturer, soared on Tuesday after the company unveiled a new “Super e-Platform” technology, which it claims can charge electric vehicles (EVs) nearly as fast as filling a gasoline car, within five minutes. The system boasts a peak charging capacity of 1,000 kilowatts (kW), allowing compatible vehicles to gain 400…
Teslas in Las Vegas targeted in arson attack Teslas in Las Vegas set on fire and shot with guns in “targeted attack,” police say 01:39 At least five Tesla vehicles in Las Vegas were damaged early Tuesday in a “targeted attack” with two vehicles fully engulfed in flames and others shot at with guns, authorities…
Tesla (TSLA) was under pressure again on Tuesday, falling as much as 3.8% in midday trading as a slew of competitors in China announced updates that again signaled competition on the mainland ramping up for the EV giant. Tuesday’s loss follows a 5% drop for Tesla stock to start the week, and shares are now…
The world’s richest man, Elon Musk, has praised tech industry leaders Larry Ellison, Jeff Bezos, and even Larry Page, as among the smartest people he knows. “Larry Ellison is very smart,” Musk said on the “Verdict” podcast hosted by Senator Ted Cruz, referring to the Oracle cofounder. “I will say Larry Ellison is one of…
Stocks on Monday continued to claw back some losses from last week, buoyed by data on retail sales around the U.S. that shows the economy is still trudging forward. “In our view, this morning’s February retail sales report offers evidence of a limited, modest economic slowdown, rather than signaling a gathering recession,” said Jennifer Timmerman,…
Tesla’s gigafactory in the Lin-gang Special Area, Shanghai, China, January 1, 2023. Photo: CFP Tesla (TSLA) has announced a free trial of its Full Self-Driving (FSD) service in China, running from March 17 to April 16. The limited-time trial is available to Chinese users whose cars are equipped with compatible assisted-driving hardware and software, as…
With a new spin on cooking french fries, Steak ‘n Shake is joining the campaign “Make America Healthy Again,” made popular by Health and Human Services Secretary Robert F. Kennedy Jr. The company recently made a change and now is cooking shoestring fries in beef tallow instead of vegetable oil. Some Florida locations were the…