Tesla shares fell over 3%, costing CEO Elon Musk $10 billion as the automaker approved a controversial compensation plan that could net him $1 trillion in a decade.
In a significant turn of events, China has permitted Dutch chipmaker Nexperia to resume exports, prompting the Netherlands to reconsider its control over the company. This development could alleviate the ongoing global chip shortage impacting automotive production.
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Ford's F-150 Lightning might be scrapped as production halts due to aluminum supply issues. With significant losses in its EV unit, Ford shifts focus to more profitable gas and hybrid trucks.
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Rivian shares its Q3 2025 numbers, showcasing impressive EV deliveries and a new AI venture, while detailing the exciting R2 model set for 2026. Learn about their growth and future plans!
Canva's decision to make Affinity free has left artists buzzing! While many celebrate this new Photoshop alternative, others question the motives behind this bold move. Is it too good to be true?
In a landmark agreement, China will lift its export ban on automotive computer chips, crucial for car production worldwide. This trade deal with the US also includes soybean and rare earth minerals, signaling a major de-escalation in the trade war.
A major standoff involving Nexperia, a Dutch chipmaker owned by China's Wingtech, threatens global auto production. With export bans and national security concerns, automakers are on high alert for potential chip shortages.
Nexperia has suspended wafer supplies to its Chinese plant, raising concerns among global automakers. This decision follows a contractual dispute and could worsen the chip shortage crisis affecting the industry.