Autos
Tesla to invest $2 billion in xAI, Elon Musk’s OpenAI competitor
Elon musk and the xAI logo. Vincent Feuray | Afp | Getty Images Tesla said on Wednesday that it’s agreed to invest about $2 billion into Elon Musk’s xAI, which he launched almost three years ago as a prospective competitor to OpenAI. The share purchase was related to xAI’s $20 billion financing round announced earlier […]
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Carvana shares fall 14% following short-seller accusations
A Carvana used-car vending machine displays vehicles in Miami, Dec. 9, 2022. Joe Raedle | Getty Images Shares of Carvana plummeted 14.2% Wednesday following short-seller accusations that the online used retailer overstated earnings with the help of businesses controlled by CEO Ernie Garcia III’s family. Gotham City Research alleged Wednesday that the online used car […]
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Tesla set to report fourth-quarter earnings after the bell
Elon Musk, chief executive officer of Tesla Inc., during the US-Saudi Investment Forum at the Kennedy Center in Washington, DC, US, on Wednesday, Nov. 19, 2025. Bloomberg | Bloomberg | Getty Images Tesla plans to reports fourth-quarter earnings for 2025 after the bell on Wednesday. Here what Wall Street is expecting for the quarter, according to […]
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Autonomous trucking startup Waabi raises $750 million to expand into robotaxis
Waabi founder and CEO Raquel Urtasun Courtesy of Waabi Autonomous trucking startup Waabi said Wednesday that it has raised $750 million in funding as it enters into a partnership to deploy driverless systems in light duty vehicles for Uber robotaxi services. Waabi’s series C round is led by Khosla Ventures and G2 Venture Partners, the […]
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GM expects to top Ford in U.S. vehicle production as it faces up to $4 billion in tariff costs
Trucks make their way to the Ambassador Bridge to cross into the United States at Detroit on April 1, 2025 in Windsor, Canada. Bill Pugliano | Getty Images DETROIT — General Motors expects to outproduce crosstown rival Ford Motor to become the top assembler of vehicles in the U.S. in the coming years. GM CEO […]
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Tesla lost $15 billion in brand value in 2025 as Musk stepped deeper into politics, research shows
Elon Musk, chief executive officer of Tesla Inc., during the US-Saudi Investment Forum at the Kennedy Center in Washington, DC, US, on Wednesday, Nov. 19, 2025. Stefani Reynolds | Bloomberg | Getty Images The value of Tesla’s brand lost $15.4 billion, about 36%, in 2025, marking a third-straight annual decline, according to research and consulting firm Brand […]
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‘A day of celebration’: What the blockbuster EU-India trade deal means for auto giants
India’s Prime Minister Narendra Modi (C) poses for a photograph with European Commission President Ursula von der Leyen (R) and European Council President Antonio Costa before their meeting at the Hyderabad House in New Delhi on January 27, 2026. Sajjad Hussain | Afp | Getty Images A landmark trade deal between the European Union and […]
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India and European Union have closed a ‘landmark’ free trade deal, Prime Minister Modi says
India and the European Union on Monday closed a “landmark” free trade agreement, touted as the ‘mother of all deals,’ Indian Prime Minister Narendra Modi said during a speech at the India Energy Week on Tuesday. The FTA with the EU, which represents about 25% of global GDP and about a third of global trade, […]
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General Motors is set to report earnings before the bell. Here’s what Wall Street expects amid major electric vehicle write-downs
The General Motors global headquarters in Detroit, Jan. 12, 2026. Jeff Kowalsky | Bloomberg | Getty Images DETROIT — General Motors is set to report its fourth-quarter and year-end earnings before the bell Tuesday. Here’s what Wall Street is expecting, based on a survey of analysts by LSEG: Earnings per share: $2.20 adjusted expected Revenue: […]
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South Korea scrambles to pass U.S. investment bill after Trump threatens higher tariffs
The United States agrees to impose 15% tariffs on imports from South Korea under a trade deal for the vast majority of South Korean products, seen in this photo illustration in Brussels, Belgium, on August 1, 2025. Nurphoto | Nurphoto | Getty Images South Korea’s ruling Democratic Party said it would pass a special act […]
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