Elon Musk’s electric car company reported a drop in sales in the first three months of the year, and its profit margin has been falling for months.
Category: Electric and Hybrid Vehicles
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Yellen Faces Diplomatic Test in Urging China to Curb Green Energy Exports
The United States wants to persuade China to dial back its green energy industrial strategy as the Biden administration subsidizes its own supply chain.
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Ford Slows Its Push Into Electric Vehicles
The automaker said it would delay new battery-powered models and shift its focus to hybrid cars, sales of which are rising fast.
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What Tesla’s Troubles Signal for the Electric Vehicle Market
The carmaker’s disappointing results point to slowing demand and a “sharp deterioration in growth” that extends beyond Elon Musk’s company.
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Tesla’s Sales Fell in First Quarter as Competition Intensified
Sales of the company’s electric cars dropped in the first three months of the year.
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Renault’s Chief Calls for Airbus-Style E.V. Alliance
The latest proposal comes from Luca de Meo, the C.E.O. of Renault Group, who is pushing for an Airbus-inspired alliance that would help European automakers fend off competition from cheaper Chinese-made electric vehicles.
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Why Elon Musk Needs China
Mr. Musk helped create China’s electric vehicle industry. But he is now facing challenges there as well as scrutiny in the West over his reliance on the country.
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Tesla’s Pivot to China Saved Musk. It Also Binds Him to Beijing.
Tesla and China built a symbiotic relationship, with credits, workers and parts that made Mr. Musk ultrarich. Now, his reliance on the country may give Beijing leverage.
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New Rules Will Still Push Carmakers to Sell More Electric Cars
New Biden administration auto rules are less forceful than an earlier proposal but will still add to market pressure for cheaper electric vehicles.
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U.S. Accuses Two Men of Stealing Tesla Trade Secrets
Federal prosecutors said the pair tried to sell technology to manufacture batteries for electric cars that belonged to the company.