20 h. ago Tesla sales fell sharply in Q2 as Musk backlash and competition chipped away at company’s dominance

NEW YORK (AP) — Sales of Tesla electric cars fell sharply in the last three months as boycotts over Elon Musk’s political views continue to keep buyers away, a significant development given expectations that anger with the company’s billionaire CEO would have faded by now. The company reported a 13% plunge in sales on Wednesday […]

Economics

7 d. ago Europeans angry with Musk still aren’t buying his cars as Tesla sales drop for fifth month in a row

NEW YORK (AP) — Europeans still aren’t buying Teslas with figures out Wednesday showing sales plunged for a fifth month in a row in May, a blow to investors who had hoped anger toward Elon Musk would have faded by now. Tesla sales fell 28% last month in 30 European countries even as the overall […]

Economics

1 week ago Musk bets robotaxis will give Tesla a lift after boycotts and sales plunge

NEW YORK (AP) — Elon Musk promised in 2019 that driverless Tesla “robotaxis” would be on the road “next year,” but it didn’t happen. A year later, he promised to deliver them the next year, but that didn’t happen either. Despite the empty pledges the promises kept coming. Last year in January, Musk said, “Next […]

Economics

3 w. ago Trade deficit hits record in April as ‘trade has totally collapsed’ amid tariffs

OTTAWA — Canada posted its largest merchandise trade deficit on record in April at $7.1 billion as exports fell sharply in the face of U.S. President Donald Trump’s tariffs. Statistics Canada said Thursday the result, which followed a deficit of $2.3 billion in March, came as a plunge in exports to the U.S. more than […]

Economics

3 w. ago Canada posts largest merchandise trade deficit on record at $7.1B in April: StatCan

OTTAWA — Statistics Canada says the country posted its largest merchandise trade deficit on record in April at $7.1 billion as exports fell sharply in the face of U.S. tariffs. The agency says the result for April followed a deficit of $2.3 billion in March. Overall exports fell 10.8 per cent in April to $60.4 […]

Economics

4 w. ago Tesla’s China Shipments Extend Slump, Bucking Broader Sales Boom

Tesla Inc.’s vehicle shipments from its China factory fell for an eighth straight month, extending a global sales slump as Chief Executive Officer Elon Musk pledges to renew his focus on the automaker.

Transport