Sales of expensive battery-powered cars like the Ford F-150 Lightning have stalled, forcing automakers to slow production and offer more affordable vehicles.Ford Motor has stopped making its F-150 Lightning electric pickup truck, which starts at $55,000, and won’t say when or whether production will restart.
A leading German automotive supplier said it was again allowed to ship semiconductors that Beijing had barred for export.A Volkswagen assembly line. The company had warned last week that the shortages caused by the lack of chips could lead it to limit production.
Toyota, Honda and Nissan forecast big hits to their profits from higher tariffs that they acknowledged were likely ‘here to stay.’A Honda dealership in Irvine, Calif. The company blamed lower profits on higher tariffs., calling it “the new normal.”
Shareholders approved a plan to grant Mr. Musk shares worth nearly $1 trillion if he meets ambitious goals, including vastly expanding the company’s stock market valuation.Elon Musk, Tesla’s chief executive, had threatened to leave the company if shareholders rejected the pay plan.
Economists and psychologists say that compensation may not provide as powerful an incentive as is often assumed.Elon Musk, Tesla’s chief executive, has said he is more interested in power than money.