66 h. ago Tesla sales slump once again as Musk pays price for Trump ties

Tesla’s biggest rival BYD saw electric vehicle sales hit new high in June

Economics

9 d. ago How China's BYD overtook Tesla to become world's biggest EV maker

BYD (Build Your Dreams) arrived in the UK two years ago and has become the fastest growing car brand. How has it achieved its 'overnight success'?

Politics

3 w. ago BYD launches cheapest UK model in bid to overtake Tesla as biggest electric carmaker

Dolphin Surf will start at £18,650 – among the cheapest new vehicles on sale in BritainBusiness live – latest updatesThe Chinese manufacturer BYD has launched its cheapest model in the UK, in the latest stage of its efforts to overtake Tesla as the world’s biggest electric carmaker.The Dolphin Surf will start at £18,650, a price that puts it among the cheapest new vehicles on sale in Britain. Continue reading...

Politics

3 w. ago ‘They went too far’: Musk says he regrets some of his posts about Trump

Tesla share price rises as former head of president’s ‘efficiency’ drive seems to retreat from explosive falling outBusiness live – latest updatesElon Musk has expressed contrition for some of his tweets about Donald Trump last week, in an apparent effort to retreat from an explosive falling out that has threatened to damage the Tesla boss’s business interests.Musk was by far the biggest donor to Trump’s presidential campaign, but tensions between the two erupted into public view last week and rapidly escalated, as the world’s richest man called for the president’s impeachment and mocked his connections to the sex offender Jeffrey Epstein in a series of posts. Continue reading...

Politics

4 w. ago US charges Kilmar Ábrego García with people smuggling as he is returned from El Salvador

US attorney general Pam Bondi says Ábrego García is back on US soil but will be sent back to El Salvador after serving a sentence if convictedTesla shares rose on Friday as investors took some comfort from White House aides scheduling a call with CEO Elon Musk to broker peace after a public feud with President Donald Trump, reports Reuters. The electric carmaker’s shares were up about 5% in Frankfurt on Friday, having closed down 14.3% on Thursday in New York, losing about $150bn in market value.“It’s unlikely that Trump will end subsidies and contracts with Tesla. Those are obviously threats that are unlikely to come into fruition,” Fiona Cincotta, senior market analyst at City Index told Reuters. “I don’t expect this to blow out into anything more serious than a war of words for a couple of days.” Continue reading...

Politics

4 w. ago Wrongly deported Kilmar Ábrego García reportedly on his way back to the US to face criminal charges

Federal grand jury has indicted him for allegedly transporting undocumented migrants within the US, media report saysTesla shares rose on Friday as investors took some comfort from White House aides scheduling a call with CEO Elon Musk to broker peace after a public feud with President Donald Trump, reports Reuters. The electric carmaker’s shares were up about 5% in Frankfurt on Friday, having closed down 14.3% on Thursday in New York, losing about $150bn in market value.“It’s unlikely that Trump will end subsidies and contracts with Tesla. Those are obviously threats that are unlikely to come into fruition,” Fiona Cincotta, senior market analyst at City Index told Reuters. “I don’t expect this to blow out into anything more serious than a war of words for a couple of days.” Continue reading...

Events

4 w. ago Trump says ‘I’m not even thinking about Elon’ as Musk loses $33bn in net worth amid feud – live

Trump tells CNN Musk ‘has a problem’ and that he does not plan to speak to the Tesla CEO for a whileTrump says Musk has ‘lost his mind’ and dismisses peace offeringTesla shares rose on Friday as investors took some comfort from White House aides scheduling a call with CEO Elon Musk to broker peace after a public feud with President Donald Trump, reports Reuters. The electric carmaker’s shares were up about 5% in Frankfurt on Friday, having closed down 14.3% on Thursday in New York, losing about $150bn in market value.“It’s unlikely that Trump will end subsidies and contracts with Tesla. Those are obviously threats that are unlikely to come into fruition,” Fiona Cincotta, senior market analyst at City Index told Reuters. “I don’t expect this to blow out into anything more serious than a war of words for a couple of days.” Continue reading...

Politics