A near-term global slowdown is causing pain, including bankruptcies, scrapped initial public offerings and production cuts.
Read More Industry pain abounds as electric car demand hits slowdownTag: BYD
Tesla set to erase $70 billion in valuation after Musk’s sales warning
Tesla tumbled nearly 11% on Thursday after CEO Elon Musk warned sales growth would slow this year despite price cuts.
Read More Tesla set to erase $70 billion in valuation after Musk’s sales warningExclusive: Tesla plans to build new electric vehicles in mid-2025
Tesla has told suppliers it wants to start production of a new mass market electric vehicle codenamed “Redwood.”
Read More Exclusive: Tesla plans to build new electric vehicles in mid-2025