Tesla denies claims of Musk succession search May 1, 2025 Tesla has denied reports that its board is seeking a replacement for chief executive Elon Musk, after a Wall Street Journal report claimed the company had began a search for its new chief executive, amid mounting concerns on his political entanglements. In a post early Thursday on X, the social media owned by Musk, Tesla [...]
Tesla misses, yet Musk reassures investors with AI push April 23, 2025 Tesla’s first quarter results, announced at market close yesterday, may have disappointed on traditional metrics. Yet, the company has used its earnings to pivot the story, away from missed car delivery targets and falling profits, and toward its future bets on AI, autonomy and energy. Revenue fell nine per cent year on year to $19.3bn, [...]
Tesla profits crash as Elon Musk fallout hits brand and bottom line April 23, 2025 Tesla reported a sharp decline in first-quarter profit on Tuesday, missing Wall Street estimates as the electric vehicle maker continued to grapple with slowing demand, rising competition, and mounting brand headwinds tied to chief executive Elon Musk’s political activities. Net income nosedived 71 per cent year-over-year to $409m (£307m) while revenue fell nine per cent [...]
FTSE 100 sees best winning streak in two years as trade war fears abate April 22, 2025 The FTSE 100 finished in the green on Tuesday for the seventh consecutive day, notching its best run of gains in two years as investor worries over protracted trade wars began to soften. London’s blue-chip index closed on a 0.64 per cent gain at 8328.60. Distribution firm Bunzl ended trading as one of the top [...]
‘Code red’ for Tesla as Musk’s firm stalls ahead of key earnings April 22, 2025 Tesla shares sank nearly six per cent on Easter Monday, leaving investors braced for what analysts have called a “code red” moment for Elon Musk’s firm ahead of its first quarter earnings announcement. The electric vehicle (EV) giant is facing mounting concerns over failing sales, geopolitical headwinds and evolving criticism of Musk’s political involvement, which [...]
Tariff talks to dominate IMF-World Bank meetings April 21, 2025 Finance ministers are poised to use this week’s International Monetary Fund (IMF) and World Bank’s gathering to strike up trade deals with bilateral partners as uncertainty continues to swirl around Donald Trump’s tariff plan. Senior politicians and economic heavyweights are flocking to Washington for the biannual gathering put on by the two global agencies, with [...]
Tesla stalls Cybertruck production ahead of earnings April 17, 2025 Tesla is pulling back on production of its much-hyped Cybertruck, just days before it reports first-quarter earnings on Tuesday. Workers at the company’s Texas factory have reported that staff have been reassigned to Model Y, a Tesla car coming out in June, and that several Cybertruck teams have been cut by over half, Business Insider [...]
Jaecoo is the new SUV in town and it’s coming for Land Rover April 12, 2025 You’ve probably never heard of the car brand Jaecoo before, but you’re about to start seeing a lot of them. The Jaecoo 7 boasts the three things most motorists in the UK are looking for in a new set of wheels: It’s a mid-size SUV; it’s hybrid with fantastic fuel economy and all the latest [...]
Polestar takes advantage of Tesla sales slump April 10, 2025 Polestar is benefitting from Tesla’s well-publicised slump as it revealed a huge growth in global sales for the first three months of 2025. The Swedish company, which is listed on the US Nasdaq, has sold an estimated 12,304 cars since the turn of the year, 76 per cent up compared to the same period in [...]
OpenAI countersues Musk as Altman feud escalates April 10, 2025 OpenAI has filed a counter-lawsuit against Elon Musk accusing the Tesla and X chief of attempting a hostile takeover. The claim, under “further unlawful and unfair action”, also cited orchestrating a campaign of harassment, designed to derail the AI company’s transition to a for-profit model. The legal filing, submitted on 9 April, 2025, in a [...]