It’s a weird moment for electric vehicles in the United States. Sales have slumped since the Trump administration ended the $7,500 tax credit, and car manufacturers are canceling models. And while it’s likely that the recent surge in gas prices will push more people to E.V.s, it probably won’t happen fast. But if there’s a…
Electric vehicle sales have been slumping since September, when federal tax credits of up to $7,500 ended under a law championed by President Trump. But the business of selling battery-powered cars is about to get something of a boost from waves of slightly used models that will be rolling onto dealer lots over the next…
In January 2018, Elon Musk needed $100 million. Instead of calling a bank, he turned to SpaceX, the rocket company he founded and where he serves as chief executive. Over the next three years, Mr. Musk borrowed a total of $500 million from his company. The loan terms were significantly lower than what most banks…
No one here can say exactly when it happened, but suddenly China is everywhere in Jakarta, Indonesia’s capital. Compact Chinese electric cars weave through the streets. Chinese cosmetics crowd pharmacy shelves. Chinese hot pot restaurants and milk-tea chains have sprouted across the city’s many, many malls. “It’s all very sudden — they just came to…
Tesla’s profit rose slightly during the first quarter, the company said Wednesday, but fell short of Wall Street expectations and was well below levels seen a few years ago as car sales remained tepid. The carmaker earned $477 million in the first three months of 2026, compared with $409 million a year earlier. Sales rose…
The mercury is starting to rise outside. While that may be welcome news for gardeners and beachgoers, higher temperatures can take a toll on your car. “Heat is a stressor on the vehicle, and in many ways, a much greater stressor than even cold temperatures,” said Greg Brannon, director of automotive engineering and research at…
A senior executive who led Ford Motor’s push into electric vehicles and software will leave the company next month, Ford said on Wednesday. The executive, Doug Field, joined the automaker in 2021 after serving in top jobs at Apple and Tesla. At Ford, he worked on electric vehicles that the company said would be affordable…
