Tesla U.S. Sales Plunge as G.M. and Others Make Gains
Overall sales of electric vehicles rose almost 11 percent in the first three months of the year as traditional carmakers offered new models.
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Overall sales of electric vehicles rose almost 11 percent in the first three months of the year as traditional carmakers offered new models.
A few carmakers have closed factories, laid off workers or shifted production in response to the auto tariffs that took effect last week.
Teslas that have been sold or traded in during the backlash against the company’s chief executive have become bargains on lots.
Humor and art have been used to mock the powerful in Britain for centuries. Now Elon Musk is on the receiving end.
President Trump says the tariffs will encourage investment in U.S. factories, but analysts say car buyers will have to pay thousands more.
Elon Musk’s involvement in right-wing politics contributed to fewer deliveries in Norway the first quarter, though other factors also played a role.
Sales of cars picked up recently partly as buyers rushed to lock in deals before President Trump’s 25 percent tariffs on cars and auto parts go into effect.
President Trump’s intervention came while Mr. Milton was appealing his conviction on securities and wire fraud charges.
Carmakers are likely to face higher costs regardless of how they respond to President Trump’s 25 percent tariffs on cars and auto parts.
Mining companies and the Trump administration want the metals to boost manufacturing. Environmentalists and some countries worry industrial mining would harm oceans.