The American automaker said the cost-cutting measure would help it compete with Chinese rivals in the face of slowing demand for electric vehicles.
Companies see charging as a potentially profitable business in and of itself, not just as a spur for foot traffic and sales.
Mr. Musk dug into his companies’ budgets, preferring to cut too much rather than too little and to deal with the fallout later. Under Donald Trump, he is set to apply those tactics to the U.S. government.
President-elect Donald J. Trump wants Congress to repeal a $7,500 electric vehicle tax credit. Doing so would hurt American automakers.
Tesla said a defect could cause the electric truck to lose driver power and pledged to replace the affected part for free.
Countries promised to move away from coal, oil and natural gas at last year’s climate summit. New research shows they’re are burning more than ever before.
The new agreement builds on an earlier announcement in which the German automaker said it would invest up to $5 billion in Rivian, a maker of electric vehicles. The new venture brings them closer.
China enfrenta un panorama económico complicado, pero su dependencia de los mercados estadounidenses se ha reducido y parece estar tomando medidas para el crecimiento interno.
The Chinese economy is more dependent on exports, making tariffs more potent, yet it’s less reliant on American markets and increasingly bent on self-sufficiency.
The Tesla billionaire is a key figure in the president-elect’s orbit. One question is whether his views on climate and clean energy will have any sway.