President Joe Biden’s warnings Wednesday night about social media misinformation, the tech-industrial complex and the concentration of wealth and power struck many as a not-so-subtle shot across the bow at Elon Musk,
That includes cars and car parts. On top of large tariffs on Chinese-built cars, the US government is planning on targeting Chinese components. According to Reuters, the White House is set to reveal the final rules banning certain car parts from Chinese companies (as well as Russian ones).
The U.K. automaker has pushed back the debut of its first battery-electric vehicle to 2026 from 2025 because of a lack of consumer demand. Aston Martin, which announced the delay in early 2024, is using EV technology from Lucid Motors for several planned battery-electric vehicles.
Live updates on stocks, bonds and markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.