Tesla rises as Musk reposts some Trump-adjacent tweets
After ending last week with a high-profile breakup between CEO Elon Musk and President Donald Trump, the stock was struggling again this morning on news of analyst downgrades , sales declines in Chi...
Tesla’s sales are down 30% in China, and it’s not because of Elon Musk
Tesla’s sales in China were down 30% to 38,588 vehicles in May compared with the same month a year earlier, according to new data from China Passenger Car Association reported by China EV blog CnEVPos...
Tesla dips on two downgrades over Trump feud
is down 2% premarket after a pair of downgrades from Argus Research and Baird following last week’s social media feud between CEO Elon Musk and President Trump. While Musk has since deleted some of hi...
Ford, GM, and Stellantis reportedly score rare-earth export licenses from China, avoiding a production disaster for now
Production disaster, we hardly knew ye. According to reporting by Reuters, China has issued temporary rare-earth export licenses to suppliers of Detroit automakers , , and .
Trump has reportedly decided to sell his Tesla
President Donald Trump is selling the he purchased earlier this year, according to The New York Times, which cites an anonymous White House official. CBS earlier reported that Trump was considering s...
Only Apple has lost more value than Tesla this year
Elon Musk’s public beef with President Donald Trump yesterday helped eviscerate a record $152 billion from market cap. And that’s only the latest trouble for the electric vehicle company. Tesla has b...
Amazon-backed Rivian is very cool with Jeff Bezos also investing in Slate Auto
founder Jeff Bezos has invested big in Slate Auto, the startup that recently unveiled an electric truck in the mid-$20,000 price range. Just in case you were wondering, , a company that also makes ele...
Automakers say China’s rare-earth magnets stranglehold could cause massive production issues in weeks
Automakers are only about two years past the global semiconductor shortage that squeezed production. Now, a new potentially major supply issue is brewing, caused by China’s control over rare-earth mag...
Tesla sales are down in its biggest European markets
More data on sales in Europe — which CEO Elon Musk has called “our weakest market” — is out, and things are looking even worse for the electric vehicle company. Sales were also down in Italy, German...
Nio first-quarter earnings whiff proves Chinese competition isn’t just for foreign automakers
Chinese luxury EV maker reported its first-quarter results on Tuesday, missing Wall Street’s revenue and earnings expectations. Sales of $12 billion were below the consensus estimate, while the adjus...
Ford and GM shares are down by the most since auto tariffs first took effect
Detroit automakers and are significantly lower on Monday, their first trading day since President Trump’s latest comments about auto industry tariffs. “Over the next year, [auto manufacturers have] ...
Slate electric trucks will cost less than an average used car, even without tax credits
The federal $7,500 EV tax credit likely won’t be around when the first Slate Auto electric truck rolls off its Indiana lot at the end of 2026, but even still, the so-called Blank Slate is expected to ...
A record 1 in 8 cars sold in America is now a hybrid, estimates show
When the leadership of the world’s largest car manufacturer makes a prediction about the future of driving, it’s probably worth paying attention. However, despite warnings from Akio Toyoda — Toyota Mo...
Report: Elon Musk was lying when he said “Reuters is lying” about Tesla canceling its low-cost car
Last April, Reuters reported that was canceling its long-awaited $25,000 electric vehicle to focus on self-driving taxis instead. Right afterward, CEO Elon Musk tweeted , “This is false. Reuters is l...
Tesla falls, just like its European sales
is trading down 1.5% premarket on news that sales continue to plummet across Europe — what CEO Elon Musk has called “our weakest market.” In May, Tesla sales were down double digits in Portugal, Franc...
Lucid and Rivian sink as EVs sit in the crosshairs of Trump’s “big, beautiful bill”
Ten days ago, appeared on the road to recovery. Its stock had climbed 45% since its drop to all-time lows not long after its CEO departed in February. Since then, it seems to have run out of battery:...
JPM: Trump’s pending legislation threatens more than half of Tesla’s profits
Trump’s “big, beautiful bill” could take a big, beautiful bite out of bottom line, or about 52% of the electric vehicle company’s 2024 EBIT, according to a report today from JPMorgan analyst Ryan Bri...
The tariff block doesn’t affect auto levies, but some carmaker stocks are still rising
Automakers aren’t spared by a federal court’s decision on Wednesday to block a significant chunk of President Trump’s tariffs, but some are seeing stock gains anyway. The Washington Post reports : “Tr...
Tesla is more disconnected from fundamentals than ever
Tesla has never been a stock whose price has closely tracked its fundamentals, often trading on what seem like hopes and vibes, so-called “animal spirits” factors . But even for , whose stock is up ne...
The fortunes of Tesla and the S&P 500 have never been so tightly connected
For much of the past year, has been the S&P 500 on steroids. In fact, the correlation of daily returns between the electric vehicle maker and the benchmark US stock index over the past three months i...