Though Musk and Tesla have both denied the WSJ report, the broader EV market could become more competitive and diversified if Tesla loses its market dominance without Musk at the helm.
The company logged sales of 372,615 new-energy passenger vehicles and 7,474 commercial vehicles during the month, including the 79,086 vehicles sold outside China.
Chinese EV companies reported strong April delivery numbers, with Li Auto leading in SUV market share and XPeng surpassing 100,000 cumulative deliveries for its MONA M03 model.
Tesla is drawing renewed investor interest despite recent setbacks, as Thomas "Tom" Lee, Co-founder of Fundstrat Global Advisors and regular CNBC contributor, identifies potential recovery signals amid extremely negative sentiment.
The Future Fund Managing Partner, Gary Black, cautioned investors on Tuesday against Tesla Inc.'s robotaxi valuations that project share prices of $2,000 or higher, arguing that such forecasts ignore market realities and competition.
VinFast Auto (VFS) delivered 36,330 EVs globally in Q1 2025, up 296% YoY. E-scooter and e-bike deliveries also increased by 473%. Q1 earnings on June 9.
Sen. Elizabeth Warren requests answers from Apple Inc. CEO Tim Cook over alleged influence-peddling between Apple and Trump administration in trade negotiations with China. Tech companies release mixed earnings results.
Chinese stocks rose on trade optimism after Trump's comments. Alibaba, PDD, Baidu, NIO, Li Auto, and XPeng show strong momentum. China eyes Europe as a key trading partner.
Shares of U.S.-listed Chinese companies, including Alibaba Group inc. (NYSE: BABA), NIO Inc. (NYSE: NIO) and PDD Holdings Inc.(NASDAQ: PDD) are trading higher Tuesday following comments from U.S. Treasury Secretary Scott Bessent indicating a possible de-escalation in the ongoing tariff conflict with China.
