Shares of Tesla had been on a tear since Donald J. Trump won the presidential election. Investors were betting that the carmaker would benefit from the more than $250 million that its chief executive, Elon Musk, spent to support the Trump campaign. But an 8 percent decline in Tesla’s stock on Tuesday all but wiped… Continue reading Tesla Stock Falls 8% as Concerns About Elon Musk’s Political Role Grow
Author: New York Times Online News
Tesla Moves One Step Closer to Self-Driving Cars in China
Elon Musk, the chief executive of Tesla, tried for years to persuade Chinese regulators to let him offer self-driving capabilities in one of the company’s most important markets. After a series of false starts, Mr. Musk is now closer than ever. Tesla said on Tuesday that some drivers in China would be able to use… Continue reading Tesla Moves One Step Closer to Self-Driving Cars in China
Elon Musk Is Focused on DOGE. What About Tesla?
Elon Musk’s role as President Trump’s cost-cutting czar and his immersion in right-wing politics appear to be diverting his attention from Tesla at a perilous moment for the electric car company. Tesla’s car sales fell 1 percent last year even as the global market for electric vehicles grew 25 percent. Mr. Musk has not addressed… Continue reading Elon Musk Is Focused on DOGE. What About Tesla?
Nikola, Electric Truck Maker, Files for Bankruptcy
Nikola, an electric vehicle start-up that had once hoped to become the Tesla of heavy trucks, filed for bankruptcy protection on Wednesday. Founded in 2015, Nikola promised to develop long-haul semi trucks powered by hydrogen and electricity, and listed itself on the stock exchange in 2020 before it had sold a single vehicle. Its share… Continue reading Nikola, Electric Truck Maker, Files for Bankruptcy
Porsche Is No Longer a ‘Premium’ Sports Car in China
After decades of dominating China’s market for high-performance cars with precision engineering, German automakers are losing out to Chinese rivals that have shifted the definition of a high-end car to one that is electric, smart and affordable. Many new Chinese vehicles resemble their German rivals, like the wildly popular Xiaomi SU7, which mimics Porsche’s Taycan.… Continue reading Porsche Is No Longer a ‘Premium’ Sports Car in China
Trump Says Auto Tariffs Coming April 2
President Trump said on Friday that he planned to move forward with tariffs on foreign cars on April 2, but did not specify how much the tariffs would be or which nations could be targeted. Asked about when he might impose car tariffs during remarks in the Oval Office, Mr. Trump said “maybe around April… Continue reading Trump Says Auto Tariffs Coming April 2
State Dept. Suspends Plan to Buy Armored Vehicles From Elon Musk’s Tesla
The State Department said Thursday that it had put plans to buy armored electric vehicles on hold after reports that the $400 million order would go to Tesla, whose chief executive, Elon Musk, is one of President Trump’s most important advisers and supporters. The agency pushed back against suggestions that the purchase was designed to… Continue reading State Dept. Suspends Plan to Buy Armored Vehicles From Elon Musk’s Tesla
Ford Chief Executive Says Trump Policies May Lead to Layoffs
Ford Motor could be forced to lay off employees if the Trump administration ends subsidies and other financial support for electric vehicle manufacturing, the company’s chief executive said on Tuesday. Ford has invested heavily in factories to produce batteries and electric vehicles in Ohio, Michigan, Kentucky and Tennessee, Jim Farley, the Ford chief executive, said… Continue reading Ford Chief Executive Says Trump Policies May Lead to Layoffs
As Elon Musk Attacks DEI, Tesla Quietly Addresses Racism Complaints
In Washington, Elon Musk has been at the forefront of Trump administration efforts to gut programs designed to promote diversity. At the same time, Tesla, the electric car company that Mr. Musk leads, has in recent days, with little notice, tried to appease critics who have accused the company of racial discrimination. In a little-noticed… Continue reading As Elon Musk Attacks DEI, Tesla Quietly Addresses Racism Complaints
Tesla’s European Sales Drop in January After Elon Musk Disrupts Politics
Tesla’s sales in Germany plunged 59 percent in January, the month when Elon Musk, the company’s chief executive and a close adviser to President Trump, chided Germans for focusing too much on “past guilt” for Nazi-era crimes and urged voters to support a nationalist party in the country’s general election. As Mr. Musk has been… Continue reading Tesla’s European Sales Drop in January After Elon Musk Disrupts Politics