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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

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 stock skid pushes valuation below $1 trillion for the first time in 3 months

Tesla’s closing market cap slides below $1 trillion for the first time since mid-November.

MarketWatch - Feb. 25

Tesla's market cap sinks below $1 trillion as stock slumps more than 8%

Tesla shares have dropped dramatically since peaking in December, and Tuesday's decline pushed the company's market cap below $1 trillion.

CNBC - Feb. 25

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 Stock Falls 8% as Concerns About Elon Musk’s Political Role Grow

The electric-car maker’s stock has had a bumpy ride since the victory of President Trump, who has given Tesla’s chief, Elon Musk, a role in Washington.

The New York Times - Feb. 26

Modi wants Tesla to build cars in India. Making the plan work may not be easy

Tesla is reportedly recruiting and scouting showroom locations in the country, following a meeting between Prime Minister Modi and Elon Musk earlier this month.

CNBC - 6d

Stories We Can’t Stop Thinking About: Deepfakes, the Tesla Backlash, and All Things Chips

This week on “Uncanny Valley,” our hosts talk about three big stories from February.

Wired - 5d

‘I’m selling the Nazi mobile’: Tesla owners offload cars after Musk’s fascist-style salutes

Tesla once appeared the future of vehicles. Then Musk’s salutes and support at Trump’s inauguration left owners feeling ‘saddled with a symbol of hate’. Don’t let a billionaire’s algorithm control ...

The Guardian - 3d

From Nvidia to Palantir and Tesla, investors are getting an education on the riskiest way to trade the market

Leveraged and inverse ETFs trading on hot tech stocks like Nvidia, Tesla and Palantir can generate big returns, but equally big losses.

CNBC - 2d

Tesla's worst month since 2022 coincided with Elon Musk's first full month in White House

Tesla shares plunged 28% in February, their worst month since December 2022.

CNBC - 1d

Tesla charging stations torched in apparent arson near Boston, latest attack on Elon Musk company

Tesla charging stations were torched near Boston in what appears to be the latest attack on the company owned by Elon Musk, billionaire adviser to Donald Trump.

NBC News - 1d

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 - 8h

IOC finds Olympic sponsor in China through 2032 to replace Panasonic of Japan

The International Olympic Committee has found a sponsor in China to replace long-term commercial partner Panasonic from Japan

ABC News - Feb. 20

Hasbro says it's taking steps to offset China tariff effects

Toy and gaming giant Hasbro is shifting manufacturing away from China as it eyes the effects of U.S. tariffs.

CNBC - Feb. 20

China's Alibaba sees revenue surge on back of artificial intelligence, e-commerce

Chinese e-commerce firm Alibaba Group Holding posted its fastest revenue growth in over a year, beating analyst expectations as it capitalizes on the artificial intelligence boom in China

ABC News - Feb. 20

China Defends South Africa’s G20 Ambitions as Rubio Snubs Meeting

The absence of Secretary of State Marco Rubio hung over the year’s first high-level meeting of the world’s largest economies, with diplomats fretting over turbulent times.

The New York Times - Feb. 20

Japan warns over threat from China’s chip material export controls

Officials and executives say gallium rules will upset supply chains for chips and vehicle batteries

Financial Times - Feb. 21

Planes diverted as China conducts rare military drill near Australia

China's naval exercise in the Tasman Sea has put Australia and New Zealand on alert, with Canberra calling it "unusual".

BBC News - Feb. 21

Australia says China's "live fire" drill warning diverted flights midair

Australia's defense forces, joined by New Zealand, have been monitoring Chinese navy vessels since they were spotted last week.

CBS News - Feb. 21

Starmer to tell Trump that UK’s Chagos deal will avoid tensions with China

PM to claim if US rejects Mauritius’s claim to own the islands, Beijing will be drawn into the regional dispute. Keir Starmer is to urge Donald Trump to recognise that a US rejection of Mauritius’s ...

The Guardian - Feb. 21

On the ground in the Cook Islands, controversial deal with China stirs debate

Some residents say the agreement has harmed relations with New Zealand while others welcome the economic benefits it may bring. Standing under the shade of trees outside the Cook Islands parliament ...

The Guardian - Feb. 22

Is Xi’s Sudden Embrace of Business for Real? China Is Left Guessing.

The uncertain reaction to Xi Jinping’s display of warmth made sense: Executives are eager for a reset after years in the cold but ever wary of meddling.

The New York Times - Feb. 22

China conducts second live-fire drill near New Zealand

Report from New Zealand navy personnel comes a day after similar drill forced multiple airlines to change flight paths between Australia and New Zealand. Get our breaking news email , free app ...

The Guardian - Feb. 22

China's EV maker XPeng eyes doubling global presence by year's end

Yahoo News - Feb. 22

China taps tech talent to boost AI data centre boom

Beijing is pooling resources from the private and state sectors to accelerate adoption of the fast-developing technology

Financial Times - Feb. 22

China’s private sector needs more than warm words

Reviving the nation’s animal spirits will require consistent efforts to win investors’ trust

Financial Times - Feb. 23

The US must protect vital information from enemies like China

Congress should prioritize passage of the DETERRENT Act.

The Hill - Feb. 23

Spain calls for EU to forge China policy without US

‘Europe must take its own decisions’, says foreign minister José Manuel Albares

Financial Times - Feb. 24

Xi tells Putin that China is pleased with Russia's efforts to end Ukraine war

Chinese President Xi Jinping has held a call with Russia’s President Vladimir Putin and said he was pleased with Moscow’s efforts to hold a summit with the U.S. toward ending the war in Ukraine

ABC News - Feb. 24

As Trump Courts Putin, China’s Leader Xi Emphasizes Close Ties With Russia

The Chinese and Russian leaders reaffirmed their relationship in a video call on Monday, an apparent rebuff to the idea that the Trump administration could drive a wedge between them.

The New York Times - Feb. 24

Xi says China, Russia true friends as Trump pursues Putin talks

Chinese leader Xi Jinping says China and Russia are true friends after speaking on the phone with Russian President Vladimir Putin. Xi reportedly said history and reality show the two countries are ...

The Hill - Feb. 24

Huawei improves AI chip production in boost for China’s tech goals

Chinese company improves ‘yield’ of latest semiconductor, despite US efforts to prevent manufacturing advances

Financial Times - Feb. 25

China’s Xi affirms 'no limits' partnership with Putin in call on Ukraine war anniversary

Chinese President Xi Jinping affirmed his “no limits” partnership in a phone call with Russian President Vladimir Putin, China’s state media reported, on the third anniversary of Russia’s invasion ...