The megabillionaire was tied to about 90 companies in the state, which he uses for everything from paying nannies to buying land to supporting Donald Trump’s re-election, according to a Times examination.
American manufacturing prowess won’t be restored without bringing new technologies to the factory floor.
Ford Motor shut down a battery factory and laid off 1,600 workers after President Trump and Republicans gutted government support for electric vehicles.
Even as American automakers have scaled back their ambitions for electric vehicles, some are pivoting to a technology that could help boost renewable energy.
The company’s chief executive, Elon Musk, said this week that it would stop making the car, an electric pioneer in 2012, as well as the Model X.
The electric vehicle maker’s shares are near record highs as Wall Street focuses on the company’s plans for robots and self-driving cars.
The automaker said that it would buy back stock worth up to $6 billion and that it expected profit to rise this year after it pulled back from electric vehicle production.
U.S. trade policy has devastated the Canadian auto industry and pushed the country to reach an agreement that will make it easier for Chinese companies to sell cars there.
As the largest maker of electric vehicles in the United States, Tesla suffered more than other carmakers from the elimination of federal incentives.
The political polarization of battery-powered cars may have started when Toyota released its first hybrid model 25 years ago.
Shares of Tesla have hit new highs on optimism about the company’s self-driving taxis. But experts say Tesla is far behind Waymo, which has a big head start.
Be sure you have the right equipment and apps for weather and traffic, and don’t forget to check those tires. Here are more tips for hitting the highway.
Desperate to catch up with Chinese automakers, Ford is redesigning its fleet with a Silicon Valley-style team. Is it too late?
In the face of shareholders, corporate boards and even judges, Tesla’s chief executive shows what he can get away with.
Sales of expensive battery-powered cars like the Ford F-150 Lightning have stalled, forcing automakers to slow production and offer more affordable vehicles.
Shareholders approved a plan to grant Mr. Musk shares worth nearly $1 trillion if he meets ambitious goals, including vastly expanding the company’s stock market valuation.
Economists and psychologists say that compensation may not provide as powerful an incentive as is often assumed.
Economists and psychologists say that compensation may not provide as powerful an incentive as is often assumed.
Mr. Musk’s supporters say he may quit if shareholders don’t approve a trillion-dollar package. Some investors say it’s excessive and would give him too much sway.
Despite a drop in Tesla profit, the billionaire exhorted investors to back his proposed compensation package, or face consequences.
