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.
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.
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.
Communities that suffered the worst of plant closings in recent decades are now gaining an outsize share of fresh investment and new jobs.
Communities that suffered the worst of plant closings in recent decades are now gaining an outsize share of fresh investment and new jobs.