DR Congo Accuses Apple Of Using 'Blood Minerals' From War-torn East
The government of the Democratic Republic of Congo is accusing Apple of using "illegally exploited" minerals extracted from the country's embattled east in its products, lawyers representing the African country said Thursday.
Five Things We Learned At The China Auto Show
One of China's largest auto shows kicked off in Beijing on Thursday, with electric vehicle makers keen to show off their latest designs and high-tech accessories to consumers in the fiercely competitive market.
Tesla 'Hodls,' Retains Over $700M In Bitcoin During First Quarter
The crypto community on X was busy theorizing what Elon Musk would do with his BTC stash after it was revealed that Tesla didn't sell any of its Bitcoin during the first quarter of the year.
Strong Fleet Sales Offset Electric Losses At Ford
Strong sales in Ford's fleet business offset deep losses in electric vehicles where the Detroit auto giant has delayed some investments, according to results released Wednesday.
Car Giants Vie For EV Crown At Beijing's Auto China Show
Chinese car giants locked in a cut-throat price war descend on the capital for the start of the Auto China show Thursday, vying to draw consumers and headlines in the world's biggest electric vehicle market and abroad.
Asian Stocks Rise On Earnings Optimism As US Data Approaches
Asian equities extended the week's gains Wednesday following a strong rally on Wall Street and another record in London, as traders cheered more upbeat earnings reports and data indicating a slowdown in US economic activity.
Tesla Profits Tumble But Shares Rise On New Vehicle Plan
Tesla reported a big drop in quarterly profits Tuesday, pointing to elevated pressure on the electric vehicle market that has led to deep cost-cutting.
Tesla Earnings A 'Moment Of Truth' For Musk After Stumbles
Tesla CEO Elon Musk faces heightened pressure with Tuesday's earnings report to reassure investors that recent stumbles are simply unexpected speed bumps -- and not indications of a road to decline.
Bitcoin, ASML, TSMC, And Netflix Take Wall Street For A Wild Ride
Bitcoin "halving," and earnings from ASML Holding, Taiwan Semiconductor Manufacturing Co, and Netflix took Wall Street for a wild ride last week, with the CBOE Volatility Index spiking close to 25%.
Amid Job Cuts, Declining Sales And Postponed Trips, Tesla Slashes Prices Globally
Tesla has initiated price cuts across its vehicle lineup globally in response to declining sales, following its recent announcement of a decrease in global vehicle deliveries for the first time in nearly four years during the first quarter.
Markets Bounce As MidEast Fears Ease, US Inflation In View
Asian markets rose Monday, clawing back some of last week's losses, as Middle East worries subsided while traders look ahead to the release of key US inflation data and corporate earnings.
Brazil's Bolsonaro To Hold Rio Rally Against 'Threat' To Free Expression
Brazil's former president Jair Bolsonaro is set to rally supporters in Rio de Janeiro on Sunday in defense of freedom of expression, which he says is under threat in the country, as tech tycoon Elon Musk faces a legal showdown there over claims of censorship and disinformation.
China Auto Sector Steps Up Europe Push With Spain Plant
Chinese carmaker Chery signed a deal Friday to produce mainly electric vehicles in Spain, as Beijing's auto sector pushes ahead with plans to expand into Europe despite growing competition concerns.
Tesla To Recall Cybertruck Over Acceleration Defect
Tesla is recalling 3,878 Cybertruck vehicles because of a defect that can cause unintentional vehicle acceleration, increasing crash risk, according to a US notice posted this week.
Family Affair: Two More Arnault Sons Join LVMH Board
Two sons of the world's richest man Bernard Arnault on Thursday joined the board of LVMH after a shareholder vote, further cementing the family's control on the French luxury goods giant.
Tesla, Starlink Entry On Agenda When Musk Heads To India
Tech billionaire Elon Musk is set to visit India as his businesses seek new markets in the world's most populous nation, with electric carmaker Tesla -- suffering a sales downturn in the United States -- reportedly scouting factory locations.
Tesla Asks Shareholders To Reapprove Huge Musk Pay Deal
Tesla will ask its shareholders in June to ratify a multi-billion-dollar 2018 pay package for CEO Elon Musk that was squashed by a US court earlier this year.
Tennessee VW Workers Hold Key Unionization Vote
Volkswagen employees in Tennessee will begin casting ballots Wednesday in a vote that could make theirs the first foreign carmaker to unionize in the American South, expanding gains made by organized labor in the auto heartland of Detroit.
Tesla To Cut 14,000 Jobs Worldwide Amid Declining Sales And Increased Competition
Electric vehicle manufacturer Tesla is implementing significant workforce reductions, amounting to over 10% of its global staff, or at least 14,000 roles, amid declining sales and intensified competition in the electric vehicle market.
Alexandre De Moraes: Brazil Judge In Feud With Elon Musk
With his stern gaze and shiny-bald head, Supreme Court judge Alexandre de Moraes has emerged as one of the most powerful and polarizing people in Brazil by probing far-right ex-president Jair Bolsonaro's alleged attacks on democracy.
Bumpy Ride For Electric Cars In Europe
Electric cars are a key part of Europe's green transition plans but the road ahead remains littered with obstacles with 10 years to go before a crucial milestone.
Musk Vs. Brazil Supreme Court: Five Things To Know
X owner Elon Musk is under investigation in Brazil after he accused a Supreme Court judge of censoring social networks, calling him a "dictator" and vowing to disobey rulings blocking users found to be spreading disinformation.
GM Says Cruise Robotaxis Back On The Road With Human Drivers
GM subsidiary Cruise on Tuesday said it plans to get its self-driving cars back on the road without human drivers after suspending robotaxi service late last year due to safety concerns.
Tesla Settles Wrongful Death Lawsuit From Fatal Crash
Tesla has settled with the family of an engineer killed when his Model X crashed in Silicon Valley six years ago, avoiding a trial, according to court filings Monday.
Brazil Judge Orders Probe Of Musk Over Censorship Charge
In an order seen by AFP, Judge Alexandre de Moraes accused the owner of X of "criminal instrumentalization" of the platform.
Elon Musk Says Tesla Will Unveil Robotaxi In August
Elon Musk revealed Friday that Tesla will pull back the curtain on a robotaxi this summer, news that comes as adoption of self-driving vehicles hits speed bumps over safety concerns.
Sam Altman Net Worth 2024: Silicon Valley Visionary's Billion-Dollar Rise
Altman's official entry into the billionaire club in 2024 underscores his success in identifying and nurturing promising ventures.
'United For Bitcoin': Crypto Giants Launch Campaign To Get BTC Its Own Emoji
Nexo and more than 20 other leading crypto-related firms have launched a campaign to get Bitcoin its very own emoji – they said it's about time the world's first decentralized cryptocurrency receive the recognition it deserves.
Tesla Reports Drop In Auto Sales, While Toyota Sees US Surge
Tesla reported sharply lower first-quarter auto sales on Tuesday amid an underwhelming demand outlook for electric vehicles, while legacy players including Toyota rode improved US inventories to higher sales.
Tesla's Stock Hits Low Amid Sales Decline
Tesla's disappointing first-quarter sales figures lead to a 7% drop in shares, marking its first year-over-year decline since the pandemic began.