Tesla stalls Cybertruck production ahead of earnings April 17, 2025 Tesla is pulling back on production of its much-hyped Cybertruck, just days before it reports first-quarter earnings on Tuesday. Workers at the company’s Texas factory have reported that staff have been reassigned to Model Y, a Tesla car coming out in June, and that several Cybertruck teams have been cut by over half, Business Insider [...]
Jaecoo is the new SUV in town and it’s coming for Land Rover April 12, 2025 You’ve probably never heard of the car brand Jaecoo before, but you’re about to start seeing a lot of them. The Jaecoo 7 boasts the three things most motorists in the UK are looking for in a new set of wheels: It’s a mid-size SUV; it’s hybrid with fantastic fuel economy and all the latest [...]
Polestar takes advantage of Tesla sales slump April 10, 2025 Polestar is benefitting from Tesla’s well-publicised slump as it revealed a huge growth in global sales for the first three months of 2025. The Swedish company, which is listed on the US Nasdaq, has sold an estimated 12,304 cars since the turn of the year, 76 per cent up compared to the same period in [...]
OpenAI countersues Musk as Altman feud escalates April 10, 2025 OpenAI has filed a counter-lawsuit against Elon Musk accusing the Tesla and X chief of attempting a hostile takeover. The claim, under “further unlawful and unfair action”, also cited orchestrating a campaign of harassment, designed to derail the AI company’s transition to a for-profit model. The legal filing, submitted on 9 April, 2025, in a [...]
Tesla and Apple lead Mag Seven surge as Trump blinks on tariffs April 10, 2025 The so-called magnificent seven tech stocks added more than $1.8tr in market value on Wednesday after Donald Trump unexpectedly paused a swathe of new tariffs, offering a rare moment of relief in an escalating trade war that had rattled big tech. Shares of Nvidia, Apple, Tesla, Microsoft and others surged between eight and 19 per [...]
FTSE 100 roars back after Trump pauses tariffs April 10, 2025 The FTSE 100 soared as markets opened this morning after President Donald Trump‘s tariff climb down on Wednesday. London’s blue-chip index gained over six per cent – an increase of nearly 500 points. The FTSE 250 climbed over four per cent. Of the risers, Barclays rocketed over 20 per cent and Melrose 16 per cent. [...]
FTSE 100 slumps as EU and China launch retaliatory tariffs against US April 9, 2025 The FTSE 100 closed in the red on Wednesday, reversing gains made at the start of the week. The blue-chip index was off 2.9 per cent. Pharma stocks drove losses on the back of fresh tariff threats from President Donald Trump. Astrazeneca closed off seven per cent and GSK 5.7 per cent. Lenders also suffered [...]
S&P 500 and Dow Jones bounce back as FTSE 100 makes further gains April 8, 2025 Global markets were in recovery on Tuesday, as the S&P 500 and Dow Jones jumped on open and the FTSE 100 scraped further gains in the afternoon. The Dow rebounded 1,300 points – a more than three per cent surge. The S&P 500 and the tech-heavy Nasdaq were each up over three per cent, while [...]
Musk’s personal appeal to Trump fails as tariff war spirals April 8, 2025 Elon Musk, the world’s richest man and a key adviser to Donald Trump, made a direct appeal to the US president over the weekend, urging him to reconsider his administration’s aggressive tariff plans. Musk’s appeal, initially reported by the Washington Post, comes as Trump threatened to impose additional tariffs, including a 50 per cent tariff [...]
Trump tariffs hit big tech as stocks tumble for third session April 7, 2025 The US tech sector has been hit by newly imposed global tariffs from Donald Trump’s administration, as the president holds firm on his aggressive trade policies. The latest rounds of tariffs, which began with an initial unilateral 10 per cent tariff on a wide array of goods, sparked severe market reactions, especially among the so-called [...]