An unexpected decline in the price of an essential battery material, along with those of other commodities, is good news for buyers. But experts disagree on how long low prices will last.
The maker of electric luxury sedans said it made more than 7,000 cars in 2022, achieving a scaled-down target.
The case centers on whether investors lost money because they believed Mr. Musk’s social media posts about taking Tesla private in 2018.
Aiming to make a million electric vehicles a year by 2025, General Motors is investing in a Nevada lithium mine to help with battery production.
The electric car company is facing intensifying competition, supply chain disruptions and concerns about the behavior of Elon Musk.
Under questioning, Mr. Musk said he hadn’t discussed how much money investors would put in to help him take his car company private.
Mr. Musk is testifying in a lawsuit filed by investors who claim that his statements about a plan to take Tesla private in 2018 caused them to lose billions of dollars.
The chief executive of Tesla testified in a federal civil trial about a 2018 plan to take the automaker private that fizzled out.
Investors are seeking billions of dollars in damages for their losses after Mr. Musk posted a proposal on Twitter that never materialized.
The price reductions in the United States will make more of the company’s electric vehicles eligible for a federal tax credit.