The smooth acceleration shown by Tesla in the past two years faltered in the second quarter. Chief Executive Elon Musk has offered hints that the problems run deeper than lockdowns in Shanghai. On Saturday, Tesla reported quarterly deliveries of 254,695, down from 310,048 in the first three months of the year. The news came as … Read more
General Motors Co. said it built about 95,000 vehicles without certain semiconductors and other parts and had to set the cars aside instead of shipping them to dealers, weighing on its second-quarter results. The company said the hit to wholesale vehicle deliveries would hurt second-quarter net profit, which it now expects to be between $1.6 … Read more
Elon Musk is on his longest stretch without posting on Twitter in nearly five years, a nine-day hiatus that comes in the midst of tumultuous efforts to complete his planned $44 billion deal to buy the platform. The billionaire chief executive of Tesla last posted on June 21, marking Thursday as the most extended silence … Read more
If lithium is the new oil, it needs better answers to widely traded crude benchmarks like Brent and West Texas Intermediate. Oil-price increases have been modest compared with the rally in the metal that underpins electric-vehicle batteries. Despite a recent pause for breath, spot prices for seaborne supplies of the key lithium compounds, carbonate and … Read more
