News
China car sales fall 22% in May as oil prices crush petrol demand
2+ week, 22+ hour ago (462+ words) Summary: Source: China Passenger Car Association, via The Wall Street Journal (gated) China's auto market extended its slump in May, with retail passenger car sales dropping 22. 1% from a year earlier to 1. 51 million units, as surging oil prices continued to erode…...
Libertex Returns to Monaco for the Ultimate Superyacht Experience
2+ week, 4+ day ago (309+ words) Libertex, the award-winning online trading platform, is making its third consecutive appearance at the Monaco GP this week, once again co-hosting the Ultimate Superyacht alongside luxury entrepreneur Tom Claeren. Taking place from 57 June aboard the 72-metre Stella Maris superyacht, anchored…...
China's SAIC Motor to build first EU electric vehicle factory in Europe (Spain)
3+ week, 54+ min ago (269+ words) Chinese automaker SAIC Motor has announced plans to build its first manufacturing facility inside the European Union, selecting the Galician port town of Ferrol in northwestern Spain for a factory that will produce electric vehicles under the MG brand and…...
Trump administration wants autos under USMCA to be at least 50% made in the US - WSJ
3+ week, 4+ day ago (621+ words) The Trump administration is preparing a proposal that would significantly tighten automotive sourcing requirements under the US-Mexico-Canada Agreement (USMCA), potentially requiring that half of all components and materials used in a vehicle originate from the United States in order to…...
Tesla earnings preview: Robotaxi and Optimus hype but a growth-starved car business
2+ mon, 1+ day ago (438+ words) Tesla reports Q1 earnings today after the closing bell, with the release hitting the tape after the 4pm ET market close and the Q&A webcast kicking off at 4: 30pm ET. For a stock that's already down 14% year-to-date while the S&P 500 sits…...
Australia seeks fuel security in Singapore as Hormuz disruption hits supply
2+ mon, 1+ week ago (502+ words) Australia turns to Singapore for fuel security as Hormuz disruption tightens supply. Australia is intensifying efforts to secure fuel supplies as the disruption to global energy flows caused by the Middle East conflict exposes the country's heavy reliance on imported…...
Tesla shares hit the lowest since September as sales slump continues and Space X IPO nears
2+ mon, 2+ week ago (477+ words) The US stock market is higher today but there's one major exception: Tesla shares are down 2. 6% in the second day of selling. Shares sank 5% on Thursday after the company reported Q1 deliveries of 358 K compared to 372 K expected. There was a…...
Tesla Q1 deliveries 358 K vs 372 K expected
2+ mon, 3+ week ago (339+ words) Tesla deliveries for the first quarter were 358, 023 compared to the consensus of 372, 000. Model 3/Y deliveries disappointed at 342 K vs 354 K expected. Meanwhile, production of 3/Y was at 394 K compared 377 K expected. Shares were down 2% ahead of the announcement on the…...
China EV exports jump 120% in February as global demand accelerates
2+ mon, 4+ week ago (444+ words) China EV exports surge as global demand accelerates despite trade risks. China's vehicle exports surged at the start of 2026, driven by a sharp acceleration in electric vehicle shipments, reinforcing the country's growing dominance in global auto markets. According to data…...
ICYMI - Tesla wins UK licence to supply electricity to households
3+ mon, 1+ week ago (631+ words) ICYMI - Tesla receives UK licence to supply electricity to homes, expanding its push into retail energy. Tesla Energy Ventures has been granted a UK electricity supply licence by regulator Ofgem. The move allows Tesla to sell electricity directly to British…...