G.M. reports $6.4 billion profit in 2020 despite the pandemic.
Bitcoin and Dogecoin Are Boosted by Elon Musk
Bitcoin and even Dogecoin, which began as a playful experiment, are soaring in value as billionaires, companies and celebrities promote the digital currencies.
Chinese regulators reprimand Tesla over growing complaints about its cars.
The electric carmaker has struggled with quality issues as it has scaled from making tens of thousand cars a year to 500,000 in 2020.
G.M. Announcement Shakes Up U.S. Automakers’ Transition to Electric Cars
Every carmaker is trying to figure out how to make the leap before governments force it and Tesla and other start-ups lure away drivers.
Tesla Reports First Full-Year Profit
The company benefited from a jump in sales of electric cars in China and Europe, but its fourth quarter earnings fell short of Wall Street’s expectations.
Tesla Reports First Full-Year Profit
Tesla’s transformation from a company that lost large sums of money every year has been made possible in large part by rising sales in China and Europe.
Tesla’s U.S. Sales Slowed in 22 States in 2020
The pandemic dampened sales for all automakers in the spring and summer, and Tesla’s plant in Fremont, Calif., was idled from late March until the middle of May.
The Next Tesla? Investors Bet Big on Electric Truck Maker Rivian
Rivian, which has raised another $2.65 billion, plans to sell a pickup truck and S.U.V. it has worked on for more than a decade.
Tesla Might Finally Have Some Competition. From Ford.
Traditional automakers have struggled to sell electric cars. That could change as Ford, Volkswagen and others introduce new models.
Tesla Rally Makes Elon Musk World’s Richest Person
Mr. Musk’s net worth was $188.5 billion at 10:15 a.m. in New York on Thursday, $1.5 billion more than taht of Jeff Bezos.