Tesla profits decline amid rising costs and tariff pressures
Tesla reported a significant decline in profits on Wednesday, attributing the downturn to tariffs and other rising expenses that more than offset the growth from increased vehicle sales. In the…
Tesla Halts New Orders in China for Two Imported U.S.-Made Models
Tesla has paused new orders for the Model S and Model X vehicles on its Chinese website, as reported by Reuters on Friday, amid escalating tensions in the trade war…
BYD Achieves Over $100 Billion in Sales, Surpassing Tesla
BYD’s sales exceeded $100 billion last year, overtaking competitor Tesla, as the Chinese automaker impresses consumers with a variety of high-tech electric and hybrid vehicles. The Shenzhen-based company reported revenue…
Elon Musk: AI, Drones, and Starlink Are Reshaping Warfare
Elon Musk: AI, Drones, and Starlink Are Reshaping Warfare NEW YORK — Elon Musk, CEO of SpaceX, has predicted that artificial intelligence (AI) and drones will define the future of…
Elon Musk stumps up the dough as Tesla cancel last minute order
Elon Musk has stepped in to foot the bill for 4,000 mini pies after his firm cancelled an order at the last minute. Giving Pies bakery in San Jose was…
Apple pull the plug on EV manufacturing
Apple has reportedly cancelled its plans to build electric vehicles (EV) a decade after the iPhone maker was rumoured to be working on the project. The firm has never publicly…
Tesla sold only one car in Korea for the month of January
In January, Tesla Inc. experienced a significant decline in sales in South Korea, as the company sold only one electric vehicle (EV), marking its worst month since July 2022 when…
Two huge lithium deposits found in Phang-nga province
Two rich lithium deposits have been found in Phang-nga province, with potential for use in the production lithium-ion batteries for electric vehicles, Deputy Government Spokesperson Radklao Inthawong Suwankiri said today.…
China’s BYD overtakes Musk’s Tesla in last quarter of 2023
Chinese company BYD sold more electric vehicles than Elon Musk’s Tesla in the last three months of 2023 as the two battled for top spot in the sector. BYD said…
Thailand aims to secure $5 billion investment deal with Tesla
According to the Nation Group, Thai Prime Minister Srettha Thavisin is working towards securing a $5 billion investment deal with Tesla. He has been actively seeking foreign investment and has…