PMQs: UK should impose ‘Tesla tariffs’ on US electric cars, Davey says Politics The UK should impose “Tesla tariffs” on US electric cars produced by Elon Musk, after President Donald Trump announced higher taxes on steel imports, the Lib Dem leader has suggested. Sir Ed Davey called for the UK to retaliate – after Trump confirmed he would impose 25 per cent tariffs on all steel and aluminium [...]
Elon Musk’s Tesla tumbles as BYD plans to use DeepSeek Tech Elon Musk’s Tesla is on a sharp downward spiral, shedding 16 per cent in just over a week after Chinese rival BYD announced plans to develop autonomous vehicles with DeepSeek. Coming into Wednesday trading, the EV giant dropped for its fifth consecutive day. Its shares have plummeted 32 per cent since mid-December, when the firm [...]
Microsoft, Meta, Tesla & Apple: What this week’s tech earnings tell us about the AI boom Tech Microsoft, Meta, Tesla and Apple kicked off the tech earnings season this week, giving us snapshot of how spending on AI is shaping the tech sector. Here’s what we’ve learnt about the AI boom so far. AI spending shapes the tech sector This week started with the rise of Chinese startup DeepSeek causing headwinds on [...]
Elon Musk says 2025 will be a ‘pivotal year for Tesla’ despite sales slowdown January 30, 2025 On Wednesday, electric vehicle (EV) giant Tesla reported a significant decline in profit for 2024, with its net income dropping over 70 per cent to $2.3bn (£1.83bn). The firm reported a profit of $2.3bn (£1.84bn) in the last three months of the year. Profit at Elon Musk’s group dropped despite an increase in sales, which [...]
Why the crypto bull market party might be over for Britain January 28, 2025 While crypto markets have dipped in recent days after the release of Deepseek shook US tech firms, UK companies are struggling to keep the momentum of digital finance going. Bitcoin managed to pull itself back above the $100,000 mark this morning after Deepseek’s new AI model shook the stock prices of the Magnificent Seven; Apple, [...]
Tesla’s brand value plummeted in 2024 as Musk splits opinion January 22, 2025 Tesla‘s brand value plummeted in 2024, paving the way for Toyota to claim the top spot as the global auto market’s most valuable brand. According to research from the consulting firm Brand Finance, the US EV maker’s brand value dropped 26 per cent last year to $43bn (£35bn), the second straight year it has fallen. [...]
Elon Musk wants to ban WFH for millions in the US government January 17, 2025 Elon Musk may terminate remote work for millions of federal employees, as he steps into his new role as head of the Department of Government Efficiency (D.O.G.E). The tech titan and outspoken Trump supporter outlined plans to announce a mandatory return to office policy to reduce the size of the US government workforce and cut [...]
Elon Musk wants to buy Liverpool, claims his father January 7, 2025 Elon Musk would like to buy Premier League leaders Liverpool, who were put on the market by current owners Fenway Sports Group in 2022, according to his father. The world’s richest man, who has amassed an estimated net worth of £340bn, has family ties to the city through his grandmother, Errol Musk said. “He would [...]
2025 Predictions for Apple, Microsoft, Tesla, and other tech leaders January 6, 2025 The Magnificent Seven group of leading tech companies: Apple, Nvidia, Microsoft, Amazon, Alphabet, Meta and Tesla, gained a combined 63 per cent in 2024, building on 2023’s strong performance. Deutsche Bank revealed the group generated more profit in 2024 than most national stock markets. However, JP Morgan has projected their contribution to S&P 500 earnings [...]
Avoid Tesla, Intel, oil and German equities in 2025 say analysts January 3, 2025 Wall Street analysts have pencilled in strong gains for equity markets in 2025, following a robust performance in 2024. However, while analysts are optimistic about the outlook for the market as a whole, there are some assets Wall Street believes will underperform in the year ahead. Here are the four assets analysts are advising investors [...]