The border wall is shown in a background as a semi-truck carrying Toyota trucks crosses a bridge after clearing U.S. Customs while entering the United States from Mexico along the border in San Diego, California, on March 4, 2025. Mike Blake | Reuters Auto stocks are digesting President Donald Trump’s announcement that he would place… Continue reading Detroit automaker shares fall after Trump’s tariff announcement
Author: CNBC Online news
Tesla shares drop on plunging European sales, concerns about Trump’s tariffs
White House Senior Advisor, Tesla and SpaceX CEO Elon Musk attends a cabinet meeting held by U.S. President Donald Trump at the White House on March 24, 2025 in Washington, DC. Win McNamee | Getty Images Tesla shares fell almost 6% on Wednesday as data from Europe showed slowing sales last month, and investors grew… Continue reading Tesla shares drop on plunging European sales, concerns about Trump’s tariffs
Waymo will launch Washington, D.C., robotaxi service in 2026
Waymo self-driving cars with roof-mounted sensor arrays traveling near palm trees and modern buildings along the Embarcadero, San Francisco, California, February 21, 2025. Smith Collection/gado | Archive Photos | Getty Images Waymo’s officially on its way to the nation’s capital. The Alphabet-owned autonomous driving robotaxi service will be available in Washington, D.C., in 2026, the… Continue reading Waymo will launch Washington, D.C., robotaxi service in 2026
Chinese EV giant BYD outpaces Tesla with annual sales of more than $100 billion
EV cars are pictured inside BYD’s first electric vehicle (EV) factory in Southeast Asia, a fast-growing regional EV market where it has become the dominant player, in Rayong, Thailand, July 4, 2024. Chalinee Thirasupa | Reuters Chinese automaker BYD reported annual revenue of 777 billion yuan ($107 billion) for 2024, leapfrogging U.S. rival Tesla as… Continue reading Chinese EV giant BYD outpaces Tesla with annual sales of more than $100 billion
FBI launches Tesla threats task force: ‘This is domestic terrorism’
Burned Teslas are shown at a Tesla Collision Center after an individual used incendiary devices to set several vehicles on fire on March 18, 2025 in Las Vegas, Nevada. Ethan Miller | Getty Images The FBI said on Monday that it has launched a task force to investigate scores of attacks in recent weeks targeting… Continue reading FBI launches Tesla threats task force: ‘This is domestic terrorism’
Tesla showroom in Texas targeted with ‘incendiary devices’, police say
A Tesla Cybertruck is parked in front of a showroom on March 20, 2025 in Austin, Texas. Brandon Bell | Getty Images Police said Monday that multiple “incendiary” devices had been placed at a Tesla showroom in Austin, Texas. FBI agents responded to the showroom after the Austin Police bomb squad identified the devices on… Continue reading Tesla showroom in Texas targeted with ‘incendiary devices’, police say
South Korea’s Hyundai announces $21 billion U.S. investment
watch now South Korean conglomerate Hyundai on Monday announced a roughly $21 billion investment in U.S. onshoring that includes a $5.8 billion steel plant in Louisiana. The plant is set to hire more than 1,400 employees and will produce next-generation steel that will be used by Hyundai’s two U.S. auto plants to manufacture electric vehicles.… Continue reading South Korea’s Hyundai announces $21 billion U.S. investment
Elon Musk tells Tesla employees ‘hang onto your stock,’ urges vandals to ‘stop being psycho’
Tesla CEO Elon Musk watches as President Donald Trump talks to the media, outside the White House in Washington, D.C., March 11, 2025. Kevin Lamarque | Reuters During Elon Musk’s two months in Washington, D.C., Tesla shares have been on a precipitous decline, losing over 40% of their value. Protests and campaigns against Tesla, Musk… Continue reading Elon Musk tells Tesla employees ‘hang onto your stock,’ urges vandals to ‘stop being psycho’
Elon Musk received court summons in SEC suit over failure to properly disclose Twitter stake
Tesla CEO Elon Musk looks on as US President Donald Trump speaks to the press as they stand next to a Tesla vehicle on the South Portico of the White House on March 11, 2025 in Washington, DC. Mandel Ngan | AFP | Getty Images Elon Musk received a court summons last week in connection… Continue reading Elon Musk received court summons in SEC suit over failure to properly disclose Twitter stake
Tesla owners are trading in their EVs at record levels, Edmunds says
A Tesla store in Alhambra, California on March 11, 2025. Frederic J. Brown | AFP | Getty Images As Elon Musk wraps up his second month in the White House, Tesla owners are trading in their electric vehicles at record levels, according to an analysis by national car shopping site Edmunds. The data from Edmunds published… Continue reading Tesla owners are trading in their EVs at record levels, Edmunds says