Auto Industry
Reuters
Dec 31, 2022, 5:35 PM
Tesla shares are down 64% for the year, in what could be their worst annual performance since going public in 2010 as investors worry that Twitter was consuming much of the billionaire's time.
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Reuters | Dec 31, 2022Israeli Startup Makes Inroads With Personal Flying VehicleThe test-phase voyage may not look out of the ordinary at first given the huge progress made in drone technology. Another propellered aircraft rising vertically off the ground and then thrusting forward high in the sky.1 min read
Reuters | Dec 31, 2022Investor In Musk's Twitter Buyout Expects To Make Up To Five Times Its MoneyOne of the biggest investors in Musk's acquisition of Twitter, Aliya Capital Partners LLC, said it expects to make up to five times its money despite the social media company's problems.2 mins read
Reuters | Dec 31, 2022TuSimple Plans To Layoff Half Its Workforce Next Week - ReportSelf driving trucking company TuSimple Holdings Inc plans to potentially cut half of its workforce next week.1 min read
Reuters | Dec 31, 2022Mahindra To Invest $1.2 Billion (Rs. 10,000 Crore) In New EV PlantMahindra Ltd said it would invest 100 billion rupees ($1.21 billion) to set up an electric vehicle (EV) manufacturing plant near the western city of Pune.1 min read
Reuters | Dec 31, 2022China's CATL To Provide EV Batteries For Honda Starting In 2024CATL would supply batteries for seven years for Honda's electric vehicles in China.1 min read
Reuters | Dec 31, 2022Japan Lawmaker Says TSMC Is Considering Second Plant In JapanA senior Japanese lawmaker said that Taiwan Semiconductor Manufacturing Co is considering building a second plant in Japan.2 mins read
Reuters | Dec 31, 2022Berkshire Hathaway Sells $34.4 Million Worth Of Shares In China's BYDThe sale lowered Berkshire's holdings in BYD's total issued H-shares to 14.95%0 mins read
Reuters | Dec 31, 2022U.S. Senator Manchin Says Treasury Should Limit Commercial EV Tax Credit UseThe $430 billion U.S. Inflation Reduction Act (IRA) passed in August ended $7,500 consumer tax credits for electric vehicles assembled outside North America, angering South Korea, the European Union, Japan and others.2 mins read
