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News
Tesla and others begin record vehicle recall in China
4+ hour, 25+ min ago (617+ words) By Qiaoyi Li and Ju-min Park BEIJING, Aug 21 (Reuters) – Tesla and eight other automakers said on Friday they will recall a total of about 4.3 million vehicles in China over concerns that doors may be difficult to open in an emergency,…...
Explainer-What we know about the door handles that triggered China’s record auto recall
3+ hour, 3+ min ago (661+ words) By Nora Eckert and Mike Colias Aug 21 (Reuters) – Electronic door handles of the kind that are at the center of China’s largest-ever vehicle recall have proliferated across the globe over the past decade, especially on electric vehicles. Tesla and eight…...
China drove global electric truck, bus sales above half a million in 2025
2+ day, 2+ hour ago (175+ words) Aug 20 (Reuters) – Sales of electric trucks and buses nearly doubled globally in 2025, data from research organization the International Council on Clean Transportation showed in a report published on Thursday. China drove most of the growth and other markets such as…...
S&P 500 CEO pay jumps to record as Musk-inspired compensation plans spread
1+ week, 1+ day ago (644+ words) Aug 13 (Reuters) – Extraordinary corporate compensation deals for Elon Musk have opened the door for the CEOs of other S&P 500 companies to win huge paydays, a new study shows. Even excluding the CEO of Tesla and SpaceX, average compensation for…...
Iran war a boon for China’s e-trucks, fuelling export surge
1+ week, 1+ day ago (697+ words) By Sam Li and Lewis Jackson BEIJING, Aug 14 (Reuters) – China’s exports of electric trucks to other Asian countries have spiked, adding to a surge in domestic sales as higher fuel costs as a result of the Iran war accelerate regional…...
SpaceX says Terafab to be built in Texas with initial investment of $16.8 billion
2+ week, 1+ day ago (125+ words) Aug 6 (Reuters) – SpaceX and Tesla will initially invest $16.8 billion to build Terafab, Elon Musk’s planned advanced AI chip manufacturing complex in Grimes County, Texas, the aerospace company said on Thursday. Terafab is intended to narrow the gap between existing global…...
SpaceX’s first quarterly results as a public company beat expectations, but AI costs hit stock
2+ week, 3+ day ago (541+ words) NEW YORK, Aug 4 (Reuters) – SpaceX on Tuesday posted its first quarterly results as a public company, highlighting a 92% rise in revenue on strong growth in its Starlink satellite-internet and AI businesses, and announced a datacenter-chip partnership with Nvidia. Shares fell…...
Lucid pushes launch of more affordable EVs to second half of 2027 amid business review
2+ week, 3+ day ago (589+ words) SAN FRANCISCO, Aug 4 (Reuters) – Lucid plans to launch its more affordable EVs in the second half of 2027, delaying the planned rollout from late this year, its CEO said on Tuesday, as the company carries out a major business review and…...
Factbox-Tesla’s China operations, the EV maker’s global production powerhouse
3+ week, 18+ hour ago (429+ words) SHANGHAI/BEIJING, July 31 (Reuters) – Tesla is considering a separation of its China business to pave the way for a potential merger with SpaceX, the Wall Street Journal reported, citing a person familiar with the talks. Reuters was unable to independently…...
Kia to invest $649 million to bring electric car production to Mexico
3+ week, 2+ day ago (251+ words) MEXICO CITY, July 29 (Reuters) – South Korea’s Kia will produce and sell fully electric vehicles in Mexico, managing director for the company Horacio Chavez said on Wednesday. The car manufacturer will invest $649 million in Mexico, Chavez added during President Claudia Sheinbaum’s…...