By Lucia Mutikani WASHINGTON, Dec 23 (Reuters) - The U.S. economy likely grew at a brisk clip in the third quarter, driven by solid consumer spending and business investment, but momentum appears to have since faded amid the rising cost of living and recent government shutdown. The Commerce Department's initial estimate of third-quarter gross domestic product on Tuesday is also expected to show the ​economy was supported by lower imports, which helped to curb the trade deficit. Much of the anticipated ac ...

Porsche plans to shutter its proprietary charging network for electric vehicles in China https://t.co/KwLtIPDoB8 ...

Eventually electric vehicles will become the cheaper option for customers. Western carmakers must balance profiting now from petrol cars while investing enough to be competitive when that future arrives https://t.co/iycttoQvBN ...

Tesla (NASDAQ:TSLA) is a leading manufacturer and supplier of electric vehicles and energy storage solutions, with numerous future projects planned, including autonomous robotaxis and robotics. Trading volume reached 105 million shares, coming in nearly 22% above its three-month average of 85 million shares. The stock closed at $467.26, down 4.6% on the day. Wednesday’s trading saw Tesla retreat from recent record highs after California’s DMV actions against its “Autopilot” branding raised fresh regulator ...

Last year, The Verge's transportation editor, Andrew J. Hawkins, predicted that electric vehicles were going to get more expensive in 2025, and he was right. For 2026, he forsees another fate for EVs. Which company do you think will be impacted? Subscribe: http://goo.gl/G5RXGs Like The Verge on Facebook: https://goo.gl/2P1aGc Follow on Twitter: https://goo.gl/XTWX61 Follow on Instagram: https://goo.gl/7ZeLvX Follow on TikTok: http://bit.ly/42VeCVU Watch The Vergecast on YouTube: https://bit.ly/40RFRkg The V ...

Major US indexes closed lower on Friday, even after Broadcom’s quarterly results and guidance beat Wall Street estimates. The plunge reflects investors pulling back from the artificial intelligence trade despite solid results, largely due to concerns about overall lower margins and uncertainty around deal activity.The artificial intelligence theme has been the main driver of the stock market this year, and any negative sentiment has had far-reaching consequences.However, many firms see the pullback as a per ...

Let's get to the electric vehicle market and competition with China. Our next guest just coming back from a trip to the BYYD factory in Shenzhen and she joins us now with her insights. Meredith Whitney, CEO of Meredith Whitney Advisory Group.I'd love how you go deep on these on these topics that investors really care about. Meredith, so what what did you find. What's your takeaway.>> Well, the timing of this trip was really interesting. So, I I'm not obviously I'm not an an Adam Jonas who's a specialist on ...

At the New York Times DealBook Summit, GM CEO Mary Barra told Andrew Ross Sorkin that she privately corrected President Biden when he praised her for the rise of electric vehicles:“He was crediting me, and I pulled him aside and said, ‘Actually, I think a lot of that credit goes to Elon and Tesla,’” Barra recounted. “You know me, Andrew—I don’t take credit for things that aren’t mine.” ...

BMW is weighing the addition of range extenders to some of its electric vehicles amid growing demand for the technology popularized by its Chinese rivals, according to people familiar with the company’s strategy. https://t.co/kaJj4wK1WH ...

The UK government will increase subsidies for electric vehicles as it seeks to mitigate a tax rise that’s expected to target the cars at next week’s budget. https://t.co/GIcppWWm38 ...