What Hefei, China’s EV City, Says About the State of the Economy

What Hefei, China’s EV City, Says About the State of the Economy

Hefei has led the country in making electric vehicles and other tech products, but it still has not escaped a nationwide housing crisis.
Tesla Profit Doubles From Tax Effect, but Price Cuts Hurt

Tesla Profit Doubles From Tax Effect, but Price Cuts Hurt

Quarterly earnings soared from a year earlier after the company booked a tax benefit, but increased competition and a price war took a toll, the electric-car maker said.