Tom Carter

Junior Business Reporter at Business Insider

25 | Junior Business Reporter at @BusinessInsider. Prev @telegraph. @CardiffJomec trained, all views my own.

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Articles

The biggest bombshells and takeaways from Musk's fight with Trump

1 day ago | businessinsider.com | Jack Sommers |Tom Carter |Ana Altchek |Henry Blodget

Elon Musk, the world's richest person, and President Donald Trump, the world's most powerful person, have had a working relationship that touches on everything from party politics to spaceflight. As that relationship disintegrates in full public view, there are major ramifications — and revelations — from their feud. Whether you're catching up or avidly following the latest play-by-play as it unfolds online, these are 4 major bombshells and takeaways from their apparent falling out.
Trump is considering selling his Tesla after feuding with Elon Musk

1 day ago | businessinsider.com | Chris Johnston |Tom Carter |Henry Blodget

Just under three months ago, President Donald Trump stood next to Elon Musk outside the White House to choose a new Tesla. Following his explosive feud with the Tesla CEO, Trump may be about to ditch his shiny EV too. A senior White House official confirmed to Business Insider that Trump was considering selling or giving away the red Model S, which has a list price of about $80,000. The Wall Street Journal first reported the news.
China is flexing its supply chain muscles — and the auto industry is freaking out

2 days ago | businessinsider.com | Chris Johnston |Tom Carter |Henry Blodget

China is flexing its supply chain dominance as its trade war truce with the US teeters. Carmakers and parts suppliers in Europe and the US are scrambling to shift supply chains and warning of imminent production shutdowns as Chinese restrictions on rare earth metals and magnets push the industry to the brink of a serious supply shock.
3 members of the 'Tesla mafia' share what they learned from Elon Musk's company

5 days ago | businessinsider.com | Jack Sommers |Tom Carter |Henry Blodget

Tesla makes EVs, batteries, robots, and startups. A steady stream of employees — the "Tesla mafia" — have left to found companies in everything from EVs and batteries to robotics and electric boats. Electric car startup Lucid was founded by former Tesla executives back in 2007, and the ex-Tesla founders of British EV startup Longbow previously told Business Insider they aimed to deliver a Roadster sports car before Elon Musk's company.
I swapped my Tesla for a BYD after getting frustrated with Elon Musk. It was the right decision, but there are some things I miss.

1 week ago | businessinsider.com | Will Martin |Tom Carter |Henry Blodget

This as-told-to essay is based on a conversation with Mahican Gielen, a radiologist in Hjørring, Denmark, about swapping her Tesla Model 3 for a BYD Sealion 7. It has been edited for length and clarity. We live in Denmark, in the city of Hjørring, but we're actually from Holland. My husband and I are both doctors: I'm a radiologist, he's a cardiologist. I bought a Tesla Model 3 three years ago. It was my first electric car, and I'd wanted a Tesla for years.
Tesla's European sales keep collapsing even as the EV market grows

1 week ago | businessinsider.com | Will Martin |Tom Carter |Henry Blodget

2025-05-27T09:19:07Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Tesla's European sales fell by nearly 50% in April, even as overall EV sales on the continent grew.
BYD just fired another shot in China's EV price war — and investors are worried

1 week ago | businessinsider.com | Chris Johnston |Tom Carter |Henry Blodget

China's EV price war just kicked up a notch — and investors are worried. Shares in some of Tesla's biggest Chinese rivals fell sharply on Monday after a raft of price cuts announced by BYD fuelled fears over the country's brutally competitive EV industry. BYD stock closed 8.6% lower in Hong Kong, after hitting record highs last week. Shares in auto conglomerate Geely and pick-up maker Great Wall Motors fell more than 9% and 5% respectively, while EV makers Xpeng, Nio, and Li Auto also posted falls.
Elon Musk dreams of thousands of robots working in factories. Tesla's first Optimus lead has doubts.

1 week ago | businessinsider.com | Jack Sommers |Tom Carter |Henry Blodget

Elon Musk dreams of Tesla's Optimus robots working in huge numbers in factories — but not everyone is convinced. Chris Walti, the former team lead for Tesla's robot, told Business Insider that humanoid robots like Optimus were the wrong option for factory work. Walti told BI that, although humanoid robots were a fascinating technology with enormous potential, human-shaped ones would be less effective in warehouses, logistics, and manufacturing. "It's not a useful form factor.
Elon Musk dreams of thousands of robots working in factories. Tesla's first Optimus lead has doubts.

1 week ago | flipboard.com | Tom Carter

20 hours agoChina: Humanoid robots with cutting-edge technology to shine at fighting competitionThe world's first robot fighting competition will open on Sunday in Hangzhou City of east China's Zhejiang Province, highlighting humanoid robots equipped with cutting-edge technologies. The event, China Media Group (CMG) World Robot Contest: Mech Combat Arena Competition, will be livestreamed globally. The competition is set in the Olympic Sports Center in Hangzhou.
Xiaomi's 'stunning' new YU7 is the latest threat to Tesla in China

2 weeks ago | businessinsider.com | Chris Johnston |Tom Carter |Henry Blodget

One of Tesla's biggest Chinese rivals just unveiled a new EV — and it could be a major headache for Elon Musk. Smartphone maker Xiaomi showed off the YU7 at an event in Beijing on Thursday, with the electric SUV set to compete directly with Tesla's best-selling Model Y. Xiaomi said the YU7 was a "luxury high-performance SUV," with high-tech features including intelligent door handles and a panoramic "hypervision" display below the windshield.