Tesla profits plunge as automaker grapples with slumping EV sales
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Japanese automaker Honda revs up on EVs, aiming for lucrative US, China markets
Japanese automaker Honda is reaffirming its commitment to electric vehicles, investing 10 trillion yen, or $65 billion, through fiscal 2031ABC News - Tech - China -
Under Armour is laying off workers as retailer says North America sales will plunge this year
Sales in Under Armour's largest market in North America are falling as inflation-weary consumers pull back on new clothes and shoes.CNBC - Business -
JD.com Beat Estimates With Higher Profit, Sales
Chinese e-commerce giant JD.com posted a rise in quarterly profit, beating estimates as its core businesses grew despite fierce competition with peers such as Alibaba and PDD.The Wall Street Journal - Business -
Angry Tesla Owners Will Take EV Maker to Court Over Self-Driving Autopilot Claims
A judge declined to throw out the class action suit against Tesla brought by buyers who said the company's self-driving tech forecasts were misleading.Inc. - Business - Tesla -
Chinese search-engine giant Baidu reported a drop in quarterly profit, but beat estimates, helped by stable online marketing revenue and rising sales from its AI Cloud business.
Chinese search-engine giant Baidu reported a drop in quarterly profit, but beat estimates, helped by stable online marketing revenue and rising sales from its AI Cloud business.The Wall Street Journal - World -
Tesla’s Controversial Factory Expansion Is Approved
After anti-Tesla activists clashed with police in Germany last week, local councillors today backed Elon Musk’s plan to make Tesla’s only European Gigafactory even bigger.Wired - Tech -
China Says It Will Start Buying Apartments as Housing Slump Worsens
Signaling growing alarm, policymakers ramped up efforts to stem a continued decline in real estate values.The New York Times - Business - China