Latest in Tesla's China Made EV Sales Drop 49% in February Amid Intensifying Competition
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Tesla starts 2025 with sharp drop in sales in Europe
Sales down 45% in January for EV maker led by Elon MuskFinancial Times - Feb. 25 -
Tesla shares falling as European sales drop. Is Musk to blame?
Tesla's shares dropped by more than 9% as sales in at least five European countries disappoint. CBS News' Ramy Inocencio reports on the potential correlation to Elon Musk.CBS News - 6d -
Bitcoin slides below $90,000 amid crypto selloff; Tesla sales almost halve across Europe – business live
Bitcoin has tumbled below $90,000 to hit the lowest since mid-November, as rising volatility hits crypto market. Full story: Tesla sales almost halve in Europe as Musk faces criticism over Trump ...The Guardian - Feb. 25 -
New York Yankees drop beard ban after 49 years
The New York Yankees are changing their facial hair policy. Going forward, players and coaches are allowed to have "well-groomed beards."CBS News - Feb. 21 -
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Tesla shares slump after European sales fall
Shares in the US electric carmaker dropped after European sales halved in January.BBC News - 6d -
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Hochul ratchets up fight with Trump amid competitive reelection bid
New York Gov. Kathy Hochul (D) is under increasing political pressure as she faces a likely competitive reelection fight and legal battles with President Trump. Hochul’s approval rating has been ...The Hill - Feb. 23 -
Nvidia warns of growing competition from China's Huawei, despite U.S. sanctions
U.S. chip giant Nvidia is increasingly warning investors about competition from Huawei, despite U.S. restrictions on the Chinese telecommunications company.CNBC - 5d -
Starbucks is struggling to grow sales in China. Here's why
Starbucks is facing competition from lower priced alternatives while the Chinese consumer is under increased economic pressure.CNBC - 6d -
Chinese EV maker BYD raises $5.6bn in share sale to drive overseas expansion
Tesla rival says follow-on Hong Kong offering is the biggest in the global automotive sector in a decadeFinancial Times - 20h -
Tesla sales slid by nearly 50% across Europe at the start of 2025
A drop in new registrations for Tesla came even as sales of battery-electric vehicles rose an overall 34% in the region, with Volkswagen and SAIC Motor increasing their market share.MarketWatch - Feb. 25 -
Why did Tesla sales fall for the first time in 12 years?
Elon Musk's company, Tesla, saw its sales fall by 1% in 2024, despite global electric vehicle sales rising 7.3%. It marked the first time the company's annual sales have fallen in 12 years. CBS ...CBS News - Feb. 25 -
Tesla’s Tumbling European Sales Could Foreshadow Trouble Domestically
The EV maker’s sales fell 45 percent amid CEO Elon Musk’s ongoing involvement in political affairs in the U.S. and abroad.Inc. - 6d -
Tesla for Sale: Buyer’s Remorse Sinks In for Elon Musk’s E.V.-Owning Critics
The backlash against the electric vehicle company has intensified as the billionaire ally of President Trump exerts his power over the federal government.The New York Times - 11h -
Home sales drop sharply as prices hit an all-time high for January
The median price of a home sold in January was $396,900, up 4.8% from the year before and the highest price ever for the month of January.CNBC - Feb. 21 -
Pending home sales drop to the lowest level on record in January
Home prices nationally are still higher than they were a year ago.CNBC - 5d -
Tesla Moves One Step Closer to Self-Driving Cars in China
The development marked a breakthrough for Tesla’s chief executive, Elon Musk, in a country where his company has faced increasingly tough competition.The New York Times - Feb. 26 -
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Consumer confidence plunged in February amid rising economic concerns
Sharp drop in closely watched consumer sentiment gauge marks the biggest monthly decline in confidence in more than four years.CBS News - Feb. 25 -
‘Trump Bump’ in Stocks Faded in February Amid Economic Anxiety
A bounce in the S&P 500 on Friday afternoon wasn’t enough to pull the index out of the red for the month.The New York Times - 4d -
Wall Street sees major drop amid concerns over slowing economy
Wall Street saw a dramatic drop on Friday with the Dow Jones plunging nearly 750 points, and the S&P 500 and Nasdaq falling sharply amid fears of a slowing economy and stubborn inflation. CNBC’s ...NBC News - Feb. 22 -
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Tesla sales almost halve in Europe as Musk faces criticism over Trump ties
Tech billionaire, a close adviser to the US president, is a vocal supporter of Germany’s far-right AfD party. Sales of new Tesla cars almost halved in Europe last month, indicating waning demand ...The Guardian - Feb. 25 -
Target warns February sales were soft, adding to concerns about consumer health
Target’s weak first-quarter guidance added to concerns about consumer health after weak January spending numbers and a slide in consumer confidence.CNBC - 12h -
February consumer confidence posts biggest drop since 2021 in latest sign of slowing economy
Consumers grew more pessimistic about the economic outlook in February as worries brewed about a slowing economy and rising inflation, the Conference Board reported Tuesday.NBC News - Feb. 25 -
February consumer confidence posts biggest drop since 2021 in latest sign of slowing economy
The board's Consumer Confidence Index slipped to 98.3 for the month, down nearly 7% and below the Dow Jones forecast for 102.3.CNBC - Feb. 25 -
Bonds are rising as stocks suffer February drop. But don’t count on long-term bonds as a cushion.
Bonds are up so far in February, outperforming U.S. stocks ahead of upcoming inflation data.MarketWatch - 6d -
Canada and China Retaliate Against Trump’s Tariffs, Amid Fears of Trade War
Prime Minister Justin Trudeau of Canada warned that the Trump administration’s tariffs were leading to a trade war. Mexico’s leader vowed to impose countermeasures on Sunday.The New York Times - 3h -
Musk loses more than $100B as Tesla gives up trillion-dollar company status amid sell-off
Elon Musk's status as the world's wealthiest person is in no danger of changing.NBC News - Feb. 25 -
Tesla’s stock is back to red: Why China full-self-driving boost was short-lived
Tesla shares are trading about 30% below a December high as concerns about Elon Musk and DOGE swirl.MarketWatch - Feb. 24 -
Lowe’s sees surprise sales growth amid DIY strength and post-hurricane rebuilds
Home-improvement retailer’s CEO is “prepared for anything” regarding tariffs and sees homeowners tapping into record equity to fund larger projects.MarketWatch - 6d -
China’s factory activity growth hits 3-month high in February, as millions return to work after holidays
China has struggled to boost growth amid tepid domestic demand and a prolonged real estate downturn, leaving exports as a key driver of growth.CNBC - 1d -
China's latest action plan shows it's trying to boost foreign investment amid geopolitical tensions
China is trying yet again to boost foreign investment, amid geopolitical tensions and businesses' calls for more concrete actions.CNBC - Feb. 24 -
The Memo: Trump versus media fight intensifies
A fight over an inside-the-Beltway media tradition has become emblematic of a bigger battle between the Trump administration and the press. At issue is the makeup of the White House press pool, the ...The Hill - 6d -
Trump trade war intensifies as tariffs go into place
Americans awoke Tuesday morning to an intensifying trade war, as President Trump’s newest tariffs on Canadian, Mexican and Chinese imports were imposed and those countries quickly moved to ...The Hill - 13h -
The Death of Competition in American Elections
A vast majority of 2024 races for Congress and state legislatures were decided by low-turnout or meaningless primaries. The trend is making politics more polarized and eroding public trust.The New York Times - Feb. 23 -
Tropical Cyclone Alfred yet to intensify as it lingers off Queensland coast
BoM says category 2 Tropical Cyclone Alfred is about 930km north-east of Mackay and is tracking slowly south through Coral Sea. Follow our Australia news live blog for latest updates Get our ...The Guardian - 6d
