"Tesla Responds to Sluggish EV Demand with Strategic Price Cuts
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Tesla Sells Just One Vehicle in South Korea in January Amid Challenges
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Tesla Shares Plummet Amid Corporate Fleet Challenges and Market Pressures
"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 Initiates Recall to Update 2.2 Million Vehicles After Font Size Flaw Detected
"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.
The Latest
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Tesla Stock Dips After Earnings Miss, Investors Eye Robotaxi and AI Prospects
Tesla's stock took a significant hit on Wednesday, dropping over 8% in pre-market trading after the company reported second-quarter earnings that fell short of Wall Street expectations. T 
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Musk Stays Silent on Key Robotaxi Features as Tesla Autonomous Vehicle Unveiling Delayed to October,
Tesla's highly anticipated robotaxi, a fully autonomous vehicle, continues to stir curiosity and skepticism as CEO Elon Musk remains tight-lipped about crucial details. During a recent earnings call, Musk dodged several questions regarding the robotaxi's design, particularly whether it would feature traditional controls like steering wheels and pedals. This omission leaves a significant question mark over the timeline and regulatory path for the vehicle's deployment. 
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GM Halts Production of Cruise Origin Robotaxi Amid Regulatory and Safety Concerns
General Motors (GM) has announced a significant shift in its autonomous vehicle strategy by indefinitely suspending the production of its custom-designed Cruise Origin robotaxi. This decision follows a series of regulatory and safety challenges that have plagued the project, leading GM to refocus its efforts on a modified version of the Chevy Bolt EV for its self-driving initiatives. 
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Ford Shifts Focus to Super Duty Trucks, Plans $3 Billion Expansion in Canada
Ford Motor Company announced a $3 billion investment to expand production of its large Super Duty trucks at a Canadian plant initially earmarked for electric vehicle (EV) production. The decision underscores the automaker's response to robust demand for its profitable commercial vehicles amid evolving market dynamics. 
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GM Boosts Production of High-Performance Cadillac Escalade Amid Surging Demand
General Motors (GM) is ramping up production of its high-performance Cadillac Escalade V-Series model as part of a comprehensive update to the flagship SUV for the 2025 model year. This move comes in response to heightened demand for the luxury vehicle, which has been a cornerstone of Cadillac's lineup and a significant profit driver for GM. 
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Tesla Downgraded by UBS Over Valuation Concerns Despite AI Ambitions
Tesla Inc. faced a significant setback as UBS downgraded the stock to a sell rating, citing concerns that its shares have surged "too much, too soon" amid market enthusiasm for its artificial intelligence (AI) initiatives. This comes after Tesla's stock enjoyed an 11-day winning streak, its longest since June 2023. The downgrade led to an 8.4% drop in Tesla shares on Thursday, followed by a slight rebound of 0.3% to $241.67 during Friday's market action. -
Biden Administration Invests $1.7 Billion to Boost Electric Vehicle Manufacturing
In a significant move to bolster the American automotive industry and accelerate the transition to electric vehicles (EVs), the Biden administration announced a $1.7 billion investment aimed at converting closed-down or at-risk auto manufacturing and assembly facilities. 
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BYD Expands Global Footprint with New Turkey Factory Amidst Western EV Tariffs
In a strategic move to bolster its global presence and circumvent stringent Western tariffs, China's leading electric vehicle manufacturer, BYD (Build Your Dreams), has signed an agreement to construct a $1 billion factory in Turkey. 
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BMW Seeks Tariff Reduction on China-Made Electric Mini Amid EU-China Trade Tensions
In a bid to mitigate the impact of new European tariffs on Chinese-made electric vehicles (EVs), BMW has approached Brussels to negotiate lower import duties for its China-manufactured electric Mini, according to a source familiar with the situation. The request aims to reduce the current provisional duty from 37.6% to 20.8%, aligning with rates for companies that cooperated with the EU's investigation. 
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China Ramps Up Pressure on EU with Brandy Investigation as EV Tariffs Kick In
China intensified its trade dispute with the European Union (EU) on Friday by announcing a hearing into European brandy imports, just as the EU's provisional tariffs on Chinese-made electric vehicles (EVs) came into effect. This development marks another chapter in the escalating tensions between the two economic giants, each grappling with the other's trade policies and protectionist measures. 
