Tesla said Wednesday that profit in the second quarter fell nearly one-third from the first quarter as deliveries slowed because of shutdowns and raw materials shortages at the carmaker’s factory in Shanghai. Profit in the […]
Production problems in China and Elon Musk’s pursuit of Twitter are leading investors to wonder whether the electric car company is worth as much as they thought. Source
Ant Group, the Chinese financial technology titan, is set to raise around $34 billion when its shares begin trading in Hong Kong and Shanghai in the coming weeks, which would make its initial public offering […]
When the coronavirus pandemic forced businesses to close this spring, the auto industry was hit particularly hard. North American auto plants that typically churn out more than a million cars a month produced fewer than […]
The company, whose flagship Alipay app has helped drive the boom in mobile payments in China, is planning to list shares in Hong Kong and Shanghai. Source
SHANGHAI — The electric-car maker Tesla said on Monday that it had sent a team to investigate why one of its cars appeared to spontaneously combust in Shanghai over the weekend, an incident that the […]
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