64 h. ago The Elon Musk effect continues as Europe’s Tesla sales drop for fifth month in a row

Tesla's stock price fell by more than 4 per cent in early afternoon trading

Politics

3 d. ago Voices: As Tesla’s sales continue to slump, is it time for Elon Musk to step aside?

The former ‘first buddy’ is back in the driving seat of his car business, but hasn’t been able to take the brakes off decline in the key European market since leaving the White House. So who else might be able to turn around the fortunes of the EV juggernaut, asks James Moore

Politics

3 d. ago Business news live: Tesla sales fall in Europe, FTSE 100 drops and Bumble to lay off hundreds of jobs

Stock markets latest updates and business news on Tuesday

Society

3 d. ago Business news live: Tesla sales fall in Europe, FTSE 100 flat and Bumble to lay off hundreds of jobs

Stock markets latest updates and business news on Tuesday

Society

3 d. ago Tesla sales plummet despite surge in drivers buying electric cars

Increased competition from Asian manufacturers and reputational damage to the brand could be behind the fall

Economics

3 d. ago Tesla’s EU sales slump continues; Eurostar services disrupted after ‘cable theft’ – business live

Six trains between London and Paris cancelled after theft of cables at Lille leave passengers strandedThe price of the world’s first malaria vaccine for children in endemic countries will be reduced by more than half, to less than $5, according to the drugmakers GSK and Bharat Biotech.The vaccine, called Mosquirix or RTS,S, was developed by GSK and the non-profit health organisation PATH, and was the first malaria vaccine to be recommended by the World Health Organization in October 2021. It is one of two malaria shots recommended by the WHO.“As an epidemiologist working in malaria vaccine development and delivery, I have seen the impact malaria vaccines are already having on children in high-burden regions of Africa. As a result of the collaboration between the research community in implementing endemic countries, industry, NGOs and multilateral organisations, the world’s first malaria vaccine is helping to reduce all-cause mortality and hospitalisations of severe malaria among chi...

Economics

3 d. ago Tesla’s EU sales slump continues; China’s premier warns global trade tensions ‘intensifying’ – business live

Rolling coverage of the latest economic and financial newsShares in UK defence Babcock have surged 13% at the start of trading, after it upgraded its medium-term forecasts and hailed a ‘new era’ for defence (see earlier post).After several turbulent sessions, the financial markets seem calm this morning, as the Israel-Iran ceasefire holds.‘’Optimism about the fragile ceasefire holding between Iran and Israel has bubbled through markets, lifting equities, but more doubts are now creeping in about the truce holding.Wall Street rose in a relief wave, pushing the S&P 500 close to record highs. Sentiment has held up in Asia and European indices largely look set for a positive start to trading. Nevertheless, a little more uncertainty is seeping in. A leaked report from US Intelligence casting doubt on the effectiveness of the US strikes in crippling Tehran’s nuclear capabilities, has led to some worries that military action could resume. Continue reading...

Events

6 d. ago Elon Musk pins his hopes on a fleet of robotaxis as Tesla sales tank

Tesla shareholders have stood by Musk over the years

Economics

6 d. ago Would you hail a 'robotaxi'? Musk bets cabs will give Tesla a lift after boycotts and sales plunge

Elon Musk has long promised to put a fleet of driverless Tesla “robotaxis" on the roads, but fans and shareholders have been kept waiting

Economics

9 d. ago Recruiter Hays warns over profits as hiring slump in German car sector worsens

Shares in the recruitment giant dropped by more than 13% following the update on Thursday morning.

Events

1 week ago ‘This is the looting of America’: Trump and Co’s extraordinary conflicts of interest in his second term

Bitcoin, internet, EVs, private dinners for hire – the list of pay-for-play and quid quo pro goes on, and on and onThe South Lawn of the White House had never seen anything like it. The president of the United States was posing for the world’s media against a backdrop of five different models of Tesla, peddling the electric vehicles with the alacrity of a salesman on commission.“I love the product, it’s beautiful,” Donald Trump said as he sank into the driver’s seat of a scarlet Model Y. With the Tesla CEO, Elon Musk, beside him, he went on to enlighten the American people that some Tesla models retail for as little as $299 a month, “which is pretty low”. Continue reading...

Politics

3 w. ago UK sales of new Tesla cars slump by more than a third amid Musk backlash

Electric carmaker sold 36% fewer cars year on year in May as it loses ground to China’s BYD and other rivalsBusiness live – latest updatesSales of new Tesla cars slumped by more than a third in the UK last month as the electric carmaker lost ground to China’s BYD and other rivals, amid a political backlash against Tesla’s billionaire boss, Elon Musk.Tesla sold 2,016 vehicles in the UK in May, down from 3,125 in May 2024 – a 36% drop, according to the monthly snapshot from the Society of Motor Manufacturers and Traders (SMMT). Continue reading...

Politics

3 w. ago Tesla drivers are ditching their cars and buying Polestars in record numbers

Polestar boss says his dealers are converting Tesla owners ‘at a fairly high rate’

Transport

3 w. ago Eurozone interest rate cut expected; Tesla’s UK sales fall by a third – business live

Rolling coverage of the latest economic and financial newsStock exchange dealt another blow as £12bn fintech ditches main London listingUK trade secretary Jonathan Reynolds has also called for reforms of the WTO, including changes to the much criticised dispute resolutions system which can also take years to settle disputes between trading nations.Reynolds told the European Policy Centre security conference in Brussels:“We do recognise that reforming and repositioning the WTO so that it can respond more effectively to the challenges of today is the only way to safeguard long term stability and growth tomorrow.“Our eyes are fixed on greater flexibility in decision making, greater openness in the east of plurilaterals and building a fully functioning dispute settlement system,”“the trees that survive the storms aren’t the tallest. They’re the ones whose roots are intertwined with their lives.“Just in the past two days, during the OECD trade ministerial [summit] the message was clear a...

Economics

3 w. ago Tesla sales slump sees China's BYD overtake Elon Musk's electric car firm in Britain

Tesla registrations in the UK dropped 36% to 2,016 in May, compared to 3,152 a year ago, according to new figures

Economics

3 w. ago Eurozone interest rate cut expected; Tesla’s UK sales drop by a third – business live

Rolling coverage of the latest economic and financial newsThe UK car market has returned to growth, new data shows, but sales of Teslas have fallen by a third.Overall car registrations rose by 1.6% in May, to 150,070 units, according to the Society of Motor Manufacturers and Traders (SMMT). That’s the strongest May for new car sales since 2021, but 18% below pre-Covid levels. Continue reading...

Economics

last month The chaos Elon Musk and Doge are leaving behind in Washington

Though the billionaire vowed modernization and efficiency, what’s left is a trail of uncertainty and reduced functionalityElon Musk formally exited his role in the Trump administration on Wednesday night, ending a contentious and generally unpopular run as a senior adviser to the president and de facto head of the so-called “department of government efficiency” (Doge). Though he promised efficiency and modernization, Musk leaves behind a trail of uncertainty and reduced functionality.The timing of Musk’s departure lines up with the end of his 130-day term limit as a “special government employee” but also plays a part in an effort by the billionaire to signal a wider shift away from Washington as he faces backlash from the public and shareholders. Musk has recently made a show of refocusing his efforts on his tech companies in interviews, saying that he has spent too much time focused on politics and plans to reduce his political spending in the future. Continue reading...

Events