Analysts weigh in on Trump presidency’s effects to U.S. auto sector Analysts have weighed in on the potential effects of U.S. president-elect Donald Trump’s second term on the United States auto sector. As per the analysts, Detroit automakers would actually benefit from a Trump presidency, especially if the president-elect steps back from the Biden administration’s…
Trump win triggers stock drops for foreign automakers Former and now incoming US President Donald Trump reportedly spells trouble for foreign automakers. The stock prices of automakers in China and Germany saw a steep decline after Trump’s win was announced. Shortly after President-elect Donald Trump’s win was called, European automakers’ saw a drop in sales….
BYD inks deal with Cosco Shipping BYD signed a deal with Cosco Shipping to export its products, which range from electronics to all-electric or hybrid vehicles. According to the company’s press release, BYD has significantly raised its overseas sales volume by up to 151% year-over-year in the first half of 2024. Cosco Shipping Special Transport,…
SpaceX reveals when sixth Starship test flight could take off SpaceX has revealed when it plans to launch its sixth test flight of the Starship rocket, which will eventually be responsible for taking life from Earth to Mars. In mid-October, SpaceX successfully launched the fifth test flight of Starship from Starbase, Texas, with the intention…
Two years later and Giga Mexico is still a nothing burger. Did Mexico get Musked?
In the past decade, Tesla’s lineup has proliferated significantly. Here are its current and upcoming offerings.
Elon Musk gets well-wishes from Italian PM after Trump win Tesla CEO Elon Musk recently received some encouraging words from Italian Prime Minister Giorgia Meloni. In a post on her account on X, Meloni noted that Musk would be a notable resource for the United States. “In the past few hours, I have heard from…
Ford-backed Ni plant seeks $2.7B in financing Zhejiang Huayou Cobalt Co. is scouting out banks seeking around $2.7 billion in financing for a Ford-baked nickel plant project in Indonesia. Huayou, Ford, and Indonesian miner PT Vale collaborated to make battery-grade nickel for electric vehicles. China-based Huayou is working with HSBC Holdings Plc and Standard Chartered…
Elon Musk, Tesla cleared of liability over claims they misled investors with “funding secured” tweet In a significant legal victory for Elon Musk and Tesla, a U.S. appeals court upheld a jury’s decision that cleared them of liability over the CEO’s infamous 2018 “funding secured” tweet. Musk’s tweet resulted in substantial volatility for TSLA stock,…
China requests WTO dispute consultations with EU over EV import tariffs China has requested for WTO (World Trade Organization) dispute consultations with the European Union (EU) over its import tariffs on battery electric vehicles. The request was brought to WTO members on November 6, 2024. China claims the EU’s EV import tariffs violate provisions in…