Manufacturers like BYD, Tesla and Li Auto are cutting prices to move their electric cars. For gasoline-powered vehicles, the surplus of factories is even worse.
Analysts expect first-quarter results to show a decline in profits, fueling worries that competitors will grab a bigger slice of slowing electric car sales.
The company’s directors are asking shareholders to again approve the multibillion-dollar compensation plan and to move the company’s registration to Texas, from Delaware.
Elon Musk’s electric car company reported a drop in sales in the first three months of the year, and its profit margin has been falling for months.
Sales of the company’s electric cars dropped in the first three months of the year, even as other automakers sold more battery-powered vehicles.
Premier Li Qiang targets economic growth of about 5 percent this year as China signals readiness to borrow more for spending programs.
Electricity prices have increased across the country in recent years and we want to know about your bill.
In addition to consumer price declines in January, wholesale prices fell last month, and have been down in every month since October 2022.
Some buyers said the electric Lightning did not meet expectations, and Ford has slashed its production plans for the pickup because sales are lagging.
The automaker has placed a bet on battery-powered cars, but it has struggled to produce and sell the vehicles in large numbers.