Tag: Electric Vehicle

Tesla’s profits dropped unexpectedly in the second quarter as Elon Musk’s carmaker offered discounts to boost electric vehicle sales and income from its sale of regulatory credits to rivals dried up.

The United States on Monday added Chinese e-commerce giant Alibaba internet search provider Baidu, and automakers ​BYD and NIO to a list of companies it believes are aiding Beijing’s military, in a move that could inflame tensions between the countries.

General Motors raised its 2026 guidance after significantly beating Wall Street’s first-quarter earnings expectations following a roughly $500 million benefit from the U.S. Supreme Court decision to terminate and refund certain levies paid under President Donald Trump’s tariffs.

Porsche AG has agreed to sell its 45% stake in supercar brand Bugatti Rimac, fully exiting the joint venture that houses the iconic brand.

Tesla reported first-quarter earnings on Wednesday that beat analysts’ estimates even as revenue came in weaker than expected.

Tesla (TSLA) is developing an all-new smaller, cheaper electric SUV, four people familiar with the matter told Reuters.

The sprawling Middle East crisis is expected to spur drivers to abandon traditional internal combustion engine vehicles in favor of EVs, analysts told CNBC, although early evidence suggests this will be a gradual gearshift.

Tesla’s China-made electric vehicle sales rose for a second consecutive quarter, holding up despite ​intensifying competition as the U.S. automaker broadened its ‌focus beyond EVs.

On Saturday night, Tesla (TSLA) and SpaceX CEO Musk outlined a bold vision for vertically integrating chip production into his plans to create an artificial intelligence empire.

Tesla (TSLA) is looking to buy equipment worth $2.9 billion for manufacturing solar panels and cells from Chinese suppliers including Suzhou Maxwell Technologies (300751) two people familiar with the matter said, ​as CEO Elon Musk aims to add 100 gigawatts of solar capacity in the United States.

Chinese smartphone and electric vehicle giant Xiaomi (1810) will invest at least 60 billion yuan ($8.70 billion) ​in artificial intelligence over the next three years, CEO Lei Jun said ‌on Thursday.

Uber Technologies plans to invest up to $1.25 billion in electric vehicle maker Rivian Automotive as part of a deal to deploy up to 50,000 robotaxis in several countries through 2031, the companies announced Thursday.

Tesla (TSLA) has signed a supply agreement to build a $4.3 billion battery cell manufacturing plant, according to the U.S. government.

Oklo’s (OKLO) path to profitability has faced scrutiny as investors await updates on the regulatory front. On Tuesday, they got one.

Shares of Samsung Electronics (5930) rose as much ​as 5% on Tuesday after Nvidia (NVDA) CEO Jensen Huang said ‌the South Korean company was producing Nvidia’s new artificial intelligence chips.

Robo-taxi competitors Alphabet (GOOGL) and Tesla (TSLA) have teamed up to help lower electricity costs.

Tesla (TSLA) stock was flat after the company introduced a new version of its avant-garde Cybertruck.

It isn’t easy to be an electric-vehicle maker these days, with U.S. policy shifting back toward combustion-engine cars. Rivian Automotive
(RIVN), however, ended 2025 on a high note and expects to grow in 2026.

Tesla reported better-than-expected fourth-quarter results after the bell on Wednesday, but revenue for the year dropped 3%, the first time on record the company has recorded an annual decline. The stock rose 2% in extended trading.

General Motors (GM) raised its profit outlook for ‌2026 as it reported higher fourth-quarter core profit on Tuesday on robust sales of its large pickup trucks and SUVs, sending shares of the Detroit automaker up 4% in premarket trading.