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 - Feb. 26 -
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 -
UK competition watchdog drops Microsoft-OpenAI probe
Digital rights campaigners say it shows the regulator has given into Big Tech and been "defanged."BBC News - 1h -
China’s Economic Plan Is Light on Detail as Trade War Intensifies
The country’s top leaders set an optimistic growth target but gave few hints of how to achieve it as their export-led strategy is challenged by rising tariffs on Chinese goods.The New York Times - 1h -
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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 - Feb. 26 -
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UK watchdog drops competition review of Microsoft's OpenAI deal
Britain’s competition watchdog says it has dropped its review of Microsoft’s partnership with OpenAIABC News - 4h -
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 - 6d -
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 - Feb. 26 -
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 Sales Plunge in Germany, Reflecting Broader Slump in Europe
February numbers show the U.S. electric car maker is struggling to attract buyers in the region, as anger at Elon Musk’s politics intensifies.The New York Times - 7h -
Tesla has another bad month in Germany as sales tumble 76%
Tesla has its second straight difficult month in Germany, as data released Wednesday showed that vehicle registrations fell 76% in February in Europe’s largest economy.MarketWatch - 5h -
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 - 4h -
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 - 1d -
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 - 6d -
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 -
Oil Prices Drop Amid Concerns Over Trump’s Tariffs and OPEC Increases
The international benchmark fell to its lowest point since 2021 after a decision by Saudi Arabia and other producers to pump more crude surprised the markets.The New York Times - 1h -
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 -
Tesla’s UK sales rise despite threat of backlash over Musk’s political role
Sales of battery-powered cars jumped in February, with Model 3 and Model Y most popular after Mini Cooper. Sales of Teslas in the UK rose by more than a fifth last month as demand for ...The Guardian - 7h -
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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 - 1d -
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 - Feb. 26 -
China sets GDP target of 5% for 2025 amid tariff war with Trump
Economists believe that meeting the target will be challenging as Beijing grapples with Donald Trump’s new trade war. Explained: what is China’s Two Sessions meeting? China has set its GDP ...The Guardian - 13h -
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
