EVs cost double to operate, can travel half as far, and require recharging, which isn’t ideal for an industry operating on thin margins.
Our daily email brings you smart and engaging news and analysis on the biggest stories in business and finance. For free.
Authorities are concerned about regional banks piling too heavily into longer-yielding government bonds in recent months.
Cars with Drive Pilot are only available for sale in California and Nevada, and even there it only works on certain freeways.
The top 50 companies in the index have seen a collective 4.5% skid so far in April, while the bottom 50 have slipped 8.6%.
Shares are at a 15-month low amid a pile-up of bad news, as analysts call for a course correction, and production woes continue to mount.
Ford is offering a $1,500 rebate to Tesla owners who may not want to wait around until 2025 for a pricey Cybertruck.
The bank plans to take its profits off the table and repurpose them for new investments — primarily in energy and firms listed in Japan.
Elon Musk’s Tesla wrangled the crown of the world’s top EV seller away from China’s BYD this quarter, but it’s not taking any victory laps.
Investment firm Fidelity has once again cut the value of its Blue Chip Growth Fund’s position in Elon Musk’s X.
An insurance nonprofit found that claims about autonomous driving safety don’t measure up.
Persistent optimism about an economic soft landing has buoyed investors’ hopes about companies of all sizes.
Despite record highs, the region’s equities markets have fallen behind the US in star power, trading volume, and IPOs.
While everyone else looks to navigate a tepid market, Elon Musk plans to sell a $250,000 performance car next year.
The companies continue to lose massive amounts of money as consumers are turning to cheaper hybrids and traditional gas-powered vehicles.
Tesla and other self-driving car firms face both regulatory battles and public perception hurdles.
The lack of charging infrastructure in the US has hurt consumer sentiment towards EVs. Ford may be looking at ways to fix it.