In January, Tesla managed to sell only one electric vehicle in South Korea, marking its worst sales month in the country since July 2022, when it failed to sell any vehicles. The sole vehicle sold was a Tesla Model Y, which had been South Korea's best-selling imported car in September of the previous year.
"Tesla's stock price has been under significant pressure recently, experiencing a sharp decline of approximately 7% during trading hours, contributing to a cumulative drop of 30% since the beginning of the year.
"Tesla Inc. is initiating a recall for 2.2 million vehicles across the United States due to an issue identified with the font size of the warning lights on the vehicle's display, which federal safety regulators have deemed too small to ensure safe driving.
General Motors is reassessing its 2025 financial outlook amid growing uncertainty over new auto tariffs imposed by President Donald Trump, despite posting stronger-than-expected first-quarter earnings.
Shares of Toyota Industries Corp. surged Monday following reports that Toyota Motor Corp. is exploring a potential buyout of the critical parts supplier in a deal that could be valued as high as 6 trillion yen ($42 billion).
Chinese electric vehicle leader BYD reported a 100.4% jump in net income for the first quarter of 2025, earning RMB 9.16 billion ($1.26 billion) as the company accelerates a competitive push in China's rapidly evolving new energy vehicle (NEV) market.
Stellantis is halting production at two major North American facilities and temporarily laying off 900 U.S. workers, becoming the first automaker to take immediate action following President Donald Trump's new 25% tariffs on imported vehicles. The tariffs, which went into effect Thursday, apply to autos entering the U.S. from all countries, including close trading partners Canada and Mexico.
Elon Musk is expected to step down from his high-profile role in the Trump administration in the coming weeks, as the billionaire's legally mandated 130-day service cap as a special government employee nears its limit, according to multiple people familiar with the matter.
Tesla Inc. reported first-quarter vehicle deliveries that fell far short of Wall Street expectations, triggering a 4% drop in its share price Wednesday and deepening concerns about demand, brand damage, and CEO Elon Musk's growing political entanglements.
Xiaomi's stock dropped 5.5% after the Chinese electronics and electric vehicle maker confirmed a fatal crash involving its SU7 electric sedan, raising fresh concerns about the company's autonomous driving system. The crash, which occurred on March 29 in Tongling, Anhui province, killed the driver and two passengers, according to multiple Chinese media outlets citing sources close to the victims.
Major automakers saw their share prices tumble Thursday following President Donald Trump's announcement of sweeping 25% tariffs on all imported vehicles and auto parts, a move aimed at bolstering domestic manufacturing but one that threatens to disrupt global supply chains and inflate consumer prices.
President Donald Trump announced Wednesday a sweeping 25% tariff on all foreign-manufactured cars, light trucks, and key auto parts, a move that jolted global markets and intensified concerns of a broadening trade war. The measure, which takes effect April 2, applies to all imported vehicles and includes specific components such as engines, transmissions, powertrain parts, and electrical systems.
Federal authorities are investigating after multiple incendiary devices were discovered at a Tesla showroom in Austin, Texas, early Monday morning, in what officials say may be part of a broader pattern of attacks targeting the electric car company.