Elon Musk criticizes Trump's 'Big Beautiful Bill' that could impact Tesla's EV tax credits while possibly benefiting his AI company, xAI. Could this mark a turning point for Musk's businesses?
Elon Musk's first week away from the Department of Government Efficiency sees his companies, Neuralink and Tesla, achieving significant milestones despite previous leadership ties. A $650 million funding round for Neuralink and a 213% sales surge for Tesla in Norway mark a promising start.
Tesla faces a staggering 49% drop in European sales as competition rises and political controversies swirl around CEO Elon Musk. What does this mean for the future of electric vehicles in Europe?
In a significant move amidst a turbulent automotive market, Volvo Cars announces it will lay off around 3,000 employees, impacting 15% of its office workforce. The decision comes as the company grapples with declining sales and rising material costs, prompting an urgent restructuring plan.
Shares of BYD fell on the Hong Kong exchange following recent price cuts. This move has raised eyebrows in the EV market, affecting other key players like Xpeng, Nio, and Li Auto. What does this mean for the future of electric vehicles?
In a significant move, Volvo Cars reveals plans to cut 3,000 jobs as part of an 18 billion Swedish kronor cost-saving initiative, impacting primarily office roles in Sweden. The decision comes amid uncertainties in the automotive industry, including tariff pressures and a need for improved cash flow.
Toyota has announced that the 2026 RAV4 will exclusively be a hybrid model, eliminating traditional gas engines. With increasing demand for hybrids, this redesign aims to enhance performance and fuel efficiency.
In a recent interview, Elon Musk assured investors of his commitment to Tesla for the next five years, amid concerns about his dedication and stock volatility. Shares rose slightly as Musk emphasized the importance of maintaining control over the company.
The world's largest EV battery maker, CATL, has made a historic debut on the Hong Kong Stock Exchange, raising nearly HK$35.7bn. This landmark IPO could reshape the EV landscape amid rising concerns from US lawmakers.
Xiaomi is poised to unveil the YU7 this Thursday, a groundbreaking electric SUV that could transform China's EV market. With impressive sales and new tech, can it compete with Tesla?
