Auto

Tesla shares recharged by Chinese demand for Model 3

Model 3 sales in the world's second-largest economy, expected to represent 40% or more of global electric-vehicle sales by early 2022, have higher margins and will help Tesla achieve increased profitability over the next few years, an analyst says.

The Musk Method: Learn from partners, then go it alone

Elon Musk is hailed as an innovator and disruptor who went from knowing next to nothing about building cars to running the world’s most valuable automaker in the space of 16 years. But his record shows he is more of a fast learner who forged alliances with firms that had technology Tesla lacked, hired some of their most talented people, and then powered through the boundaries that limited more risk-averse partners.

Daimler AG to pay $1.5B to settle emissions cheating probes

The U.S. Department of Justice, Environmental Protection Agency and the California attorney general’s office say Daimler violated environmental laws by using so-called “defeat device software” to circumvent emissions testing and sold about 250,000 cars and vans in the U.S. with diesel engines that didn’t comply with state and federal laws.