Tag TSLA

? Tesla (TSLA): The EV maker logged another month of steep sales declines in the European Union. Tesla's new-car registrations fell more than 40% in May, data from a European industry body showed. ↘️ FedEx (FDX): The delivery company said it expects a $170 million headwind this quarter from a change in tariff rules that sliced demand for packages shipped to the U...

STORY: BYD has slowed its production and expansion pace in recent months.That's according to two sources close to the matter.They said the Chinese electric vehicle giant reduced shifts at some factories in its home market and delayed plans to add new production lines.The decisions might be a sign BYD's strong sales growth over the past couple of years could slow.It also faces rising inventory even after offering deep price cuts in China's highly competitive auto market.The sources said BYD canceled night shifts and lowered output by at least a third at some of its factories.They added the measures were imposed on at least four facilities, and BYD had suspended some plans to set up a new production line.BYD's expansion in recent years drove it to overtake Tesla as the world's largest EV maker.It sold 4.27 million cars last year.The automaker has at least seven car factories in China and targeted a near-30% rise in sales this year.Reuters was not able to identify the exact scale of the production reduction and expansion suspension.It could also not find out how long these measures may last.One of the sources said the moves were aimed at saving costs.While another said they were imposed after sales failed to meet targets.BYD did not immediately respond to a request for comment...

With Tesla's vehicle sales sliding, shareholders are pinning their hopes on its robotaxi business. Rivian is looking to launch a cheaper SUV to appeal to a more mainstream audience. Tesla (NASDAQ: TSLA) has long been the leader in the electric vehicle (EV) market, but several upstarts have also entered the picture in recent years...

STORY: :: People in Austin share their mixed feelings as Tesla's self-driving robotaxis start showing up in the city:: June 24, 2025:: Austin, Texas"I think they're pretty cool. I just feel like there have been so many accidents when it comes to like Teslas and stuff like that that are also self-driving that I feel like it'll probably have the same issues.""What If the computer malfunctions or you get into an accident? You know, how do you, how do you? Does it call for help for you right away? Do you, do you have to do something? How do you, you know,  you get out? It's a, do you have to, have the license insurance? How does it work? That safety is my, would be my, biggest thing.""My thoughts are actually about the jobs that they're taking away from cab drivers. But I am interested in the idea of AI driving as long as it's safe."Tesla started a limited, paid robotaxi test service and deployed a dozen or so self-driving cars in Austin, Texas on Sunday (June 22).The tightly controlled pilot comes as Tesla and rivals like Waymo face scrutiny over the safety and future of autonomous ride-hailing on U.S. roads...

We recently published These 10 Stocks are Stealing the Spotlight. Pony AI Inc. (NASDAQ:PONY) is one of the stocks that soared higher on Tuesday. Pony AI jumped by 16.73 percent on Tuesday to end at $13.26 apiece as investor sentiment was buoyed by comments from its co-founder, suggesting that he was not threatened by Tesla’s robotaxi […]...

Tesla Inc. (NASDAQ:TSLA) is one of the best Fortune 500 stocks to buy according to billionaires. On June 20, Tesla announced that the company is set to enter the Indian automobile market, with its first showrooms expected to open in July this year. The initial launch will see showrooms in Mumbai, anticipated by mid-July, followed […]...

Tesla's new car sales in Europe fell 27.9% in May from a year earlier...

The robotaxi competition just got a new battleground...