Monday, 24 February 2025

Spotlight: Tesla

FILE PHOTO: People stand at the booth of battery maker CATL during the first China International Supply Chain Expo (CISCE) in Beijing, China November 28, 2023. REUTERS/Florence Lo/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsStorageTransport

Chinese EV battery maker CATL posts 13.4% jump in Q2

Chinese EV battery giant CATL's Q2 net profit jumped 13.4% year on year, a stock market filing showed on Friday

FILE PHOTO: xAI logo is seen near computer motherboard in this illustration taken January 8, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
AutomotiveBusinessNews

Musk to discuss $5 billion xAI investment with Tesla board

For the head of Tesla, xAI investment could help development of self-driving and robotaxi projects – after putting the issue to a social...

FILE PHOTO: Battery cells with the logo of LG Energy Solution are displayed at the company headquarters in Seoul, South Korea, April 23, 2024.   REUTERS/Kim Hong-Ji/File Photo
BusinessElectric Vehicles (EVs)FinanceNews

LGES cuts sales target on weak EV demand, flags US election risk

Shares in the company, which supplies Tesla, GM, Hyundai Motor and other automakers, fell as much as 2.6%.

Saudi Arabia hopes to become a hub for electric vehicles as it seeks to diversify its economy away from oil (AFP)
AutomotiveElectric Vehicles (EVs)NewsTransport

In fuel-guzzling Saudi Arabia, electric cars pique interest

Saudi EVs business could take off as the Gulf kingdom hopes to diversify away from oil – with Chinese giant BYD expected to...

FILE PHOTO: Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X looks on during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024.  REUTERS/David Swanson/File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)FinanceNewsPoliticsRegulationsTransport

Musk says any Trump move against EV support would hurt competitors more than Tesla

Tesla CEO Elon Musk said on Tuesday that Donald Trump's potential removal of support for EVs would hurt other automakers more than Tesla

FILE PHOTO: A Tesla Cybertruck is parked on a local Tesla dealer in Paramus, New Jersey, U.S., July 23, 2024.  REUTERS/Eduardo Munoz/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsTransport

Tesla’s bleak margins sour investors as Musk hypes everything but cars

Tesla shares sank more than 11% on Wednesday CEO Elon Musk hyped the company's investment plans for AI and self-driving technologies

FILE PHOTO: A general view of BYD's first electric vehicle (EV) factory in Southeast Asia, a fast-growing regional EV market, in Rayong, Thailand, July 4, 2024. REUTERS/Chalinee Thirasupa/File Photo
AutomotiveBusinessElectric Vehicles (EVs)FinanceNewsTransport

China’s BYD widens EV lead over Tesla in Singapore, Southeast Asia, data shows

China's BYD widened its sales lead over Tesla in Singapore in the first half of this year, government data showed

FILE PHOTO: Battery cells with the logo of LG Energy Solution are displayed at the company headquarters in Seoul, South Korea, April 23, 2024.   REUTERS/Kim Hong-Ji/File Photo
AutomotiveElectric Vehicles (EVs)IndustryManufacturingNewsTransport

LG Energy Solution in talks with Chinese firms to make low-cost EV batteries for Europe

South Korea's LGES is in talks with Chinese suppliers to produce low-cost EV batteries for Europe, a senior executive said

FILE PHOTO: Workers assemble second-generation R1 vehicles at electric auto maker Rivian's manufacturing facility in Normal, Illinois, U.S. June 21, 2024.  REUTERS/Joel Angel Juarez/File Photo
AutomotiveBusinessCourtsNews

Rivian to face trial in Tesla trade secrets theft case, judge says

After judge denies dismissal of lawsuit, Rivian-Tesla trial set to go ahead after company allegedly Elon Musk's employees.

Tesla reported a drop in second-quarter profits after a string of vehicle price cuts in response to stiffening competition among electric vehicles (AFP)
BusinessElectric Vehicles (EVs)FinanceManufacturingNews

Tesla reports profit drop on price cuts, lower vehicle sales

Tesla reported a significant drop in Q2 profits Tuesday due to price cuts while heavily investing in AI and other tech.

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