Fewer people will be able to afford electric cars and trucks if President-elect Donald J. Trump and Republicans in Congress eliminate a $7,500 federal tax credit.
From electric cars to solar panels, Mr. Musk has built businesses in high-tech manufacturing sectors now targeted by Beijing for Chinese dominance.
Trump has said he’ll repeal President Biden’s climate law, but one North Carolina district shows how hard unwinding multibillion-dollar projects could be.
The company’s woes are symptomatic of a wider malaise among companies that make batteries for electric vehicles.
Donald J. Trump promised to erase Biden tailpipe rules that are designed to get carmakers to produce E.V.s. But Detroit wants to keep them.
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.
The Japanese automaker is carving deep cuts in its global operations as it struggles with a steep drop in sales.
The world’s richest man gave his money and time in campaigning for the president-elect and now is putting in his requests for a friendlier regulatory environment.
Investors believe that the electric car company led by Elon Musk will benefit from his support of the president-elect.
Electric vehicles are a top-tier issue in Michigan, where both candidates have framed a vote for their opponent as a threat to the state’s auto industry.
Communities that suffered the worst of plant closings in recent decades are now gaining an outsize share of fresh investment and new jobs.