Tag: Electric Vehicle

Chinese electric carmaker BYD sold 11,271 cars in the U.K. last month, the company said on Monday, representing year-on-year growth of 880%.

Tesla reports global electric-vehicle deliveries on Thursday, with the company trying to return its car business to growth for the first time in 2025.

Porsche (P911_p.DE), shares were down 7.5% by late morning on Monday after the carmaker dialled back its electric vehicle rollout and cut guidance in a costly strategy reversal prompted by weak demand.

Tesla shares jumped after CEO Elon Musk disclosed Monday his first purchase of the stock in the open market since February 2020.

Tesla is asking investors to approve yet another outsized pay plan for CEO Elon Musk, according to a financial filing out Friday.

BYD (002594) stock plummeted on Monday after the Chinese electric-vehicle maker reported a big slump in its quarterly profit, dented by a brutal price war.

Sales of Tesla cars in Europe plunged in July, in the company’s seventh consecutive month of declines, while Chinese rival BYD saw a monthly surge, data released on Thursday showed.

Shares of Chinese electric carmaker Nio surged after the company unveiled one of its most affordable vehicles yet, underscoring the fierce price war in the domestic market.

Chinese EV maker XPeng said Tuesday that it narrowed its losses as revenue more than doubled in the second quarter. XPeng said it lost 477.8 million renminbi ($66.7 million), vs. 1.28 billion renminbi in the year-earlier quarter, as revenue doubled to 18.27 billion renminbi ($2.56 billion) from 8.11 billion renminbi.

Tesla Inc (NASDAQ:TSLA) is offering discounts of up to 40% to car leasing firms in the UK to shore up sliding sales, The Times reported on Monday, as Elon Musk’s electric vehicle maker grapples with a rapidly shrinking market share across the globe.

China’s market regulator has released draft guidelines aimed at enhancing oversight of smart connected electric vehicles, focusing on recalls, supervision, and advertising practices.

Tesla (TSLA.O), has granted 96 million new shares worth about $29 billion to CEO Elon Musk, a move aimed at keeping the billionaire entrepreneur at the helm as he fights a court ruling that voided his original pay deal for being unfair to shareholders.

Tesla has selected Samsung to manufacture some of its artificial-intelligence chips. The decision is moving a lot of stocks early Monday, including shares of the electric-vehicle maker.

Tesla reported a 16% decline in automotive revenue as sales fell for a second straight quarter and again trailed analysts’ estimates.

 Uber (UBER.N), will invest $300 million in electric vehicle maker Lucid (LCID.O), in a robotaxi deal that aims to start with one major U.S. city late next year, the companies said on Thursday.

Elon Musk on Monday said he does not support a merger between xAI and Tesla, as questions swirl over the future relationship of the electric automaker and artificial intelligence company.

Tesla will open a showroom in Mumbai, India next week, marking the U.S. electric carmakers first official foray into the country.

Automakers are urging customers to snap up electric vehicles before a $7,500 U.S. tax credit goes away this fall.

Tesla shares fell in premarket trade on Monday after CEO Elon Musk announced plans to form a new political party.

Tesla’s (TSLA.O), new car sales in Britain rose year-on-year in June amid a broader recovery in the electric-vehicle market, data showed on Friday, as the U.S. auto maker started deliveries of its updated Model Y last month.