Washington's addition of CATL to a list of firms it says work with China's military could put Tesla founder Elon Musk in a tight spot, challenging how he balances his role in the Trump administration with his ties to China.

The Tesla rollercoaster continues as after exciting product launches and a stock surge post-election, the EV maker is now seeing slumping sales.

The appointment, announced shortly after Trump’s election victory in November, comes after years of Musk building successful business operations in China, including a significant April 2024 visit to Beijing, where he met with Chinese Premier Li Qiang to discuss Tesla’s autonomous driving technology and data transfer permissions.

Tesla Inc. recorded its first-ever drop in annual shipments from its Shanghai plant since the facility started mass production in 2020, a clear sign of the intensifying local competition and lukewarm global demand.

The EV giant sold 1.76 million electric cars in 2024, per figures released on Wednesday, putting it within touching distance of beating Tesla.

EV giant Tesla on Monday reminisced about delivering the first Model 3s made at the company's gigafactory in Shanghai.

More importantly, China's NEV industry has grown in a vibrant marketplace teeming with competition across state-owned, private and foreign enterprises. With a "catfish effect," Tesla, as a key competitive player, has helped push the innovation and growth of China's NEV sector.

After a monstrous stock rally following November’s presidential election, Tesla (TSLA) reported its first annual decline in electric vehicle delivery, highlighting the growing disconnect between its high-flying stock price and its core automobile business.

China's BYD, however, looks set to close the gap after reporting 1.76 million EV sales in 2024. The Shenzhen-based firm's total vehicle sales jumped more than 41% in 2024, year-on-year, to more than 4.2 million. The surge was powered mainly by sales of its hybrid cars.

However, Tesla still sold more electric vehicle (EVs ... The US has also imposed a 100% duty on EVs from China and President-elect Donald Trump is expected to impose further tariffs on imports. Meanwhile, BYD has been expanding its foothold in emerging ...

Tech companies showing off their latest innovations at CES 2025 in Las Vegas, one of the world's biggest industry events, are gearing up for a new era of protectionism under a second Trump presidency.