Tesla Stock Falls 8% as Concerns About Elon Musk’s Political Role Grow
Shares of Tesla had been on a tear since Donald J. Trump won the presidential election. Investors were betting that the carmaker would benefit from the more than $250 million…
Elon Musk Is Focused on DOGE. What About Tesla?
Elon Musk’s role as President Trump’s cost-cutting czar and his immersion in right-wing politics appears to be diverting his attention from Tesla at a perilous moment for the electric car…
Nikola, Electric Truck Maker, Files for Bankruptcy
Nikola, an electric vehicle start-up that had once hoped to become the Tesla of heavy trucks, filed for bankruptcy protection on Wednesday. Founded in 2015, Nikola promised to develop long-haul…
Porsche Is No Longer a ‘Premium’ Sports Car in China
After decades of dominating China’s market for high-performance cars with precision engineering, German automakers are losing out to Chinese rivals that have shifted the definition of a high-end car to…
Trump Says Auto Tariffs Coming April 2
President Trump said on Friday that he planned to move forward with tariffs on foreign cars on April 2, but did not specify how much the tariffs would be or…
Trump’s Tariffs Could Worsen Europe’s Economic Slowdown
President Trump’s promise to hit the United States’ trading partners with tit-for-tat tariffs — including penalties for taxes that he claims the European Union unfairly imposes on American imports —…
State Dept. Suspends Plan to Buy Armored Vehicles From Elon Musk’s Tesla
The State Department said Thursday that it had put plans to buy armored electric vehicles on hold after reports that the $400 million order would go to Tesla, whose chief…
Honda and Nissan Scrap $50 Billion Merger Plan
A $50 billion merger between Honda Motor and Nissan Motor, which would have established one of the world’s largest auto groups, has been called off. In December, Japan’s second- and…
Ford Chief Executive Says Trump Policies May Lead to Layoffs
Ford Motor could be forced to lay off employees if the Trump administration ends subsidies and other financial support for electric vehicle manufacturing, the company’s chief executive said on Tuesday.…
Steel and Aluminum Tariffs May Raise US Manufacturing Costs
America has seen this movie before: President Trump, who imposed stiff tariffs on Monday on imported steel and aluminum, did so once before, in 2018. So domestic industries have a…