Electric vehicles
Tesla’s Europe sales plunge 49% on brand damage, rising competition
Elon Musk interviews on CNBC from the Tesla Headquarters in Texas. CNBC European sales of Tesla vehicles plunged in April, as the U.S. electric carmaker continues to face reputational damage regionally and rising competition. Tesla sold 7,261 cars in Europe in April, down 49% year-on-year, according to the European Automobile Manufacturers’ Association (ACEA). That drop […]
Read More
Xpeng shares rise, adding to 66% rally after the Chinese EV maker’s losses narrowed
An Xpeng booth at the 2025 Spring International Auto Show in Qingdao, Shandong province, China, on March 7, 2025. Cfoto | Future Publishing | Getty Images Xpeng shares jumped as much as 6% in premarket trading in New York, after the Chinese electric vehicle upstart reported first quarter earnings that were ahead of expectations. The […]
Read More
GM unveils new ‘groundbreaking’ EV battery tech, aims to be first to market
General Motors battery technician Steven Petty Jr. focuses on aligning electrodes on an anode sample for a prototype LMR battery cell in the making. Photo by Steve Fecht for General Motors WARREN, Mich. — General Motors expects to pioneer a new “groundbreaking” EV battery technology that the automaker says will reduce costs and boost profitability […]
Read More
Here’s how China could retaliate against U.S. tariffs
China is the world’s second-largest economy and second-largest importer of U.S. goods. Entities in China hold at least $784 billion in U.S. federal debt. The country also controls much of the world’s rare element supply, which is vital for manufacturing technology. China could weaponize these assets if an all-out trade war breaks out, to the […]
Read More
China’s Xpeng delivers over 30,000 vehicles for the sixth consecutive month
People visit XPENG booth at 2025 Spring International Auto Show in Qingdao, Shandong province, China, on March 7, 2025. Cfoto | Future Publishing | Getty Images Chinese electric vehicle maker Xpeng delivered 35,045 vehicles in April, sustaining its record of delivering more than 30,000 vehicles for the sixth consecutive month. That represents a 273% year-on-year […]
Read More
Where the ‘Fast Money’ traders see the most promise — and problems — over President Trump’s next 100 days
Fast Money Where the ‘Fast Money’ traders see the most promise — and problems — over President Trump’s next 100 days Published Tue, Apr 29 20257:25 PM EDTUpdated 47 Min Ago Stephanie Landsman@stephlandsman WATCH LIVE Source
Read More
China’s CATL claims to beat BYD’s EV battery record with longer range on a 5-minute charge
A CATL sign stands outside its research and development hub and the Chinese battery maker’s headquarters in Ningde, Fujian province, China November 8, 2024. Kevin Krolicki | Reuters China’s CATL, the world’s largest supplier of EV batteries, announced a set of new incoming products Monday, including a battery it claims has set a “new global […]
Read More
Xiaomi delivers record cars in March as winners emerge in China’s EV race
A Xiaomi store in Shanghai, China, on March 16, 2025. Qilai Shen/Bloomberg | Bloomberg | Getty Images Chinese electric carmakers Xiaomi, Xpeng and Leapmotor each delivered nearly 30,000 or more cars in March, roughly twice several of their fellow startup competitors. It’s a sign of how some automakers are pulling ahead, while BYD remains the […]
Read More
Tesla China-made EV sales fall 11.5% in March as competition rises
Tesla CEO Elon Musk wears a ‘Trump Was Right About Everything!’ hat while attending a cabinet meeting at the White House, in Washington, D.C., U.S., March 24, 2025. Carlos Barria | Reuters Tesla sales of its China-made cars fell in March as competition from local players like BYD intensified. Tesla sold 78,828 electric vehicles in […]
Read More
Nikola founder Trevor Milton says Trump pardoned him in securities fraud case
Trevor Milton, founder of Nikola Corp., arrives at court in New York, on Monday, Sept. 12, 2022. Victor J. Blue | Bloomberg | Getty Images Nikola Corp. founder Trevor Milton said Thursday that he had been granted a full pardon by President Donald Trump for his October 2022 conviction of federal crimes related to defrauding […]
Read More