Latest from Bloomberg

Elon Musk asks Tesla employees to hang on to stock despite 40% plunge

The vandalism follows a growing backlash against Musk’s role in the Trump administration, with sales down and the automaker’s showrooms and supercharging stations at the center of protests.

Tesla’s German employees demand better working conditions

More than 3,000 workers at Tesla’s plant near Berlin have signed a petition asking for more breaks, better staffing and an end to management’s intimidation tactics, the IG Metall union said.

Stellantis Chairman John Elkann says auto industry does not need defense to survive

European countries such as Germany are increasing defense spending, prompting Volkswagen and Schaeffler to consider opportunities with the military.

Tesla a step closer to ride hailing with California permit

Tesla Inc. was granted approval in California to begin carrying passengers in its vehicles as Elon Musk’s company takes steps toward offering ride-hailing services.

How BYD’s 5-minute charging stacks up against the competition

BYD says its Super e-Platform can charge 400 kilometers in just five minutes, making it faster than a Tesla or Mercedes that need double the time to achieve fewer kilometers.

Trump forces carmakers to wrestle with shifting math on North American plants

A shift in plans at Volkswagen is emblematic of the disarray within the auto and auto-parts industries as the sector tries to anticipate the fallout from new U.S. tariffs.

CATL, Nio invest $346 million to build out battery-swap grid

While faster than charging, Nio’s battery-swap system requires significant ongoing investment and operational costs, raising concerns it could drain resources before providing a clear competitive edge.

VW will launch 11 new models in China to win back market share

The new models will come with high-performance digital features, such as autonomous driving capabilities and over-the-air updates, VW said.

Li Auto Q1 revenue target falls short of estimates as EV price war escalates

Li Auto anticipates first quarter vehicle deliveries to be as high as 93,000, falling well short of the 130,914 estimated by analysts.

VW brand postpones profitability target by three years

VW brand is now aiming for a 6.5 percent operating margin in 2029, rather than next year. Last year it was 2.9 percent.

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