President Trump’s trade war again tests Canada’s new government. Honda is also canceling plans for a major electric vehicle factory in Canada.
The Tesla billionaire is using his social media site X to rant and accuse. The politics of rage rarely worked out well for earlier moguls.
Can a small Massachusetts start-up perfect a battery that would make electric vehicles cheaper and more convenient than conventional cars?
Some said they worried that California’s planned ban on gas-powered vehicles would raise the price of cars. Another cited “intense and misleading lobbying” by the oil industry.
Ford Motor also reported a sharp drop in profits in the first three months of the year.
Tariffs on imported parts will have a broad impact because all vehicles use components made abroad.
Republicans, joined by a handful of Democrats, voted to eliminate California’s electric vehicle policy, which had been adopted by 11 other states.
Robyn Denholm, who leads Tesla’s board, said on social media that board members were “highly confident” in Mr. Musk, the company’s chief executive.
General Motors also said its profit in the first three months of the year fell 7 percent from a year earlier.
Trump’s approach risks leaving U.S. automakers isolated and incapable of competing on their own merits as foreign companies bolt ahead.