Elon Musk speaks during the first cabinet meeting hosted by U.S. President Donald Trump, at the White House in Washington, DC, U.S., February 26, 2025. Brian Snyder | Reuters Tesla’s stock has never had a stretch this red. For seven straight weeks, since Elon Musk went to Washington, D.C. to join the Trump administration, shares… Continue reading Tesla shares have declined every week since Elon Musk went to Washington
Author: CNBC Online news
FAA briefly halts flights to several Florida airports after SpaceX rocket testing failure
watch now The Federal Aviation Administration briefly halted flights to several Florida airports on Thursday night after a SpaceX Starship testing failure. The incident marks the second time this year that SpaceX experienced a mishap during a flight test of Starship resulting in debris raining down and commercial flights disrupted. Affected airports included Miami International… Continue reading FAA briefly halts flights to several Florida airports after SpaceX rocket testing failure
Trump grants automakers one-month exemption from tariffs
In an aerial view, brand new Subaru cars sit in a storage lot at Auto Warehouse Co. on March 4, 2025 in Richmond, California. Justin Sullivan | Getty Images The White House on Wednesday announced a one-month North American tariff exemption for automakers after President Donald Trump spoke a day earlier with heads of General… Continue reading Trump grants automakers one-month exemption from tariffs
Trump’s tariffs could quickly cut North American auto production by a third
Autoworkers at Nissan’s Smyrna Vehicle Assembly Plant in Tennessee, June 6, 2022. The plant employs more than 7,000 people and produces a variety of vehicles, including the Leaf EV and Rogue crossover. Michael Wayland / CNBC DETROIT — Roughly a third of vehicle production in North America could be cut by next week as a… Continue reading Trump’s tariffs could quickly cut North American auto production by a third
Why automakers including Honda and Toyota are pouring millions into rockets and satellites
In January, Toyota said its mobility software subsidiary “Woven by Toyota” was investing $44 million into Japanese rocket maker Interstellar Technologies. Rival Honda has been developing a proprietary reusable rocket since 2019 to launch low-earth orbit satellites to space. Chinese automaker Geely Holding Group, a Tesla competitor, has invested $326 million to manufacture its own… Continue reading Why automakers including Honda and Toyota are pouring millions into rockets and satellites
Tesla’s worst month since 2022 coincided with Elon Musk’s first full month in White House
Leader of the Department of Government Efficiency Elon Musk wears a shirt that says “Tech Support” as he speaks during a cabinet meeting with US President Donald Trump at the White House in Washington, DC, on February 26, 2025. Jim Watson | Afp | Getty Images Tesla’s stock started off March the way it left… Continue reading Tesla’s worst month since 2022 coincided with Elon Musk’s first full month in White House
For Tesla and Elon Musk in Trump’s global trade tariffs war, ‘the genie is out of the bottle’
With President Donald Trump planning to escalate his trade war this week with new tariffs on Canada, Mexico and China, the outsized role that Elon Musk is playing as one of the president’s closest advisors and leader of the Department of Government Efficiency is jeopardizing Tesla and other companies in his diverse business empire. The… Continue reading For Tesla and Elon Musk in Trump’s global trade tariffs war, ‘the genie is out of the bottle’
Xiaomi to sell EVs globally ‘within the next few years’ after launching $73,000 premium car
The Xiaomi SU7 Ultra on display at the Xiaomi store in Hangzhou, Zhejiang Province, China, Feb 27, 2025. Xiaomi’s first luxury model, the SU7 Ultra, will be officially launched on the evening of February 27. Cfoto | Future Publishing | Getty Images BARCELONA — Xiaomi plans to begin selling its electric vehicles outside of China… Continue reading Xiaomi to sell EVs globally ‘within the next few years’ after launching $73,000 premium car
FAA clears SpaceX for another Starship test flight after explosion in January
SpaceX’s Super Heavy booster is seen on the launch pad, without the Starship atop, as it is prepared for launch from the company’s Boca Chica launchpad on an uncrewed test flight, near Brownsville, Texas, U.S. Feb. 27, 2025. Joe Skipper | Reuters Elon Musk’s SpaceX has attained authorization from the Federal Aviation Administration to fly… Continue reading FAA clears SpaceX for another Starship test flight after explosion in January
How the German Autobahn ended up without speed limits
Germany’s national highway system — commonly known as the Autobahn — looks like many other highway systems in the world, except for its most famous feature: long stretches where you are legally permitted, at your own risk, to drive your car as fast as you want. This characteristic has given it a kind of mythical… Continue reading How the German Autobahn ended up without speed limits