3 h. ago Record Tesla sales can’t help Musk avoid massive profit decline as company pursues bets on robotaxis and AI

Tesla has weathered attacks on dealers and boycotts since Elon Musk became more involved in politics

Economics

6 h. ago Tesla reports steep drop in profits despite US rush to buy electric vehicles

Carmaker exceeded Wall Street’s expectations with more than $26bn in revenue, but saw a 37% drop in profitsDespite record vehicle sales, Tesla saw a precipitous drop in profit in its most recent quarter.A rush to buy electric vehicles before a US tax credit for them disappears had boosted Tesla’s flagging sales, leading to the automaker exceeding some of Wall Street’s projections in its most recent financial quarter. Yet the company failed to meet earnings expectations and its stock fell in after hours trading. Continue reading...

Economics

7 h. ago Tesla profits drop more than a quarter despite record car sales

Loss of emissions credit revenue, tariffs and big investments in AI hit Elon Musk’s carmaker

Economics

1 week ago 'I bought a cheap Chinese electric car that's better than BMW and outselling Land Rover'

Chinese car makers have stormed into the British EV market as record numbers of drivers seek cheaper models — could there be trouble ahead?

Politics

2 w. ago FTSE 100 Live 08 October: Lloyds rallies on car loan update, index and gold at record

Lloyds Banking Group shares today rose during a record-breaking session for the FTSE 100 index.

Politics

2 w. ago Has the Government's electric car grant ignited an EV sales boom? September sees record registrations

EVs were snapped up in record numbers in September as the Government's Electric Car Grant boosted sales. Some 20,000 people have benefitted from the grant so far the DfT says.

Politics