Tesla shares are sinking roughly 7% in premarket trading after CEO Elon Musk announced he would form a new political party in an escalation of his feud with President Donald Trump.

Trump has since admitted he is 'very disappointed' by Musk's outburst, claiming that the X owner was 'wearing thin' in his ...

The Japanese automaker's upcoming large SUV has fallen victim to a plan to slash $20 billion from its EV development budget ...