EPA 'slush fund': Biden admin doled out $20B to nonprofits, reporter says
The Free Press reporter Madeleine Rowley breaks down how the Biden administration gave $20 billion to eight nonprofits despite reviews flagging conflicts of interest on 'The Bottom Line.'
Fox Business Briefs 5/7
Disney earnings boosted by theme park growth; Weight Watchers files for bankruptcy; EV sales decline in U.S.; Netflix drops 'Squid Game' season 3 trailer.
Congress takes on California's scheduled gas car ban
California's push to phase out and ban sales of gas-powered vehicles by 2035 is facing a challenge from Congress as auto and energy industry critics question the plan's feasibility.
Trump’s tariff blitz now exempting electrical goods like phones, laptops
The Trump administration is excluding imported smartphones, laptops, and other electronics from reciprocal tariffs — a decision expected to ease consumer concerns and deliver a win for major tech companies.
US Oil & Gas Association president buys Tesla vehicle as his way of 'protesting against the protesters'
The head of a major U.S. oil and gas lobby organization has purchased a Tesla electric vehicle, he told FOX Business on Monday.
Tesla's first-quarter deliveries fall amid slow demand, Musk controversy
Tesla's first-quarter deliveries came in below analysts' expectations and represented a decline of 50,000 vehicles from a year ago, as CEO Elon Musk's political role has drawn protests.
Hyundai's 'first-ever, 3-row' EV under production at new Georgia plant
Hyundai celebrated the grand opening of its "Metaplant" in Georgia this week, and the automaker's first-ever, three-row electric SUV is being produced there.
Trump pardons Nikola founder convicted of fraud
President Donald Trump pardoned Nikola founder Trevor Milton, who stepped down from the company years ago. Nikola recently made a bankruptcy announcement
Thinking of selling your Tesla? The values are dropping
Car shoppers could get a deal on a used electric vehicle, with used EV prices declining by more than hybrid and gas models. Used Tesla prices declined the most among auto brands.
Ontario premier backs down, suspends electricity surcharge on US after Trump tariff threats on Canadian metals
Ontario, Canada Premier Doug Ford announced in a joint statement with Howard Lutnick, that he would not be imposing a 25% surcharge on electricity to some states.
Tesla shares slide amid market sell-off on recession worries, tariff uncertainty
Tesla stock plunged more than 15% on Monday amid headwinds in the EV market as well as broader concerns about a possible recession and uncertainty over Trump's tariffs.
EV maker Lucid says CEO stepping down, company expects to more than double vehicle production this year
Electric-vehicle maker Lucid Group said on Tuesday that CEO Peter Rawlinson is stepping down. Lucid forecast its vehicle production will more than double this year.
Sean Duffy says we will take a ‘hard look’ at what ‘aviation safety’ looks like
Secretary of Transportation Sean Duffy joins ‘The Bottom Line’ to discuss the FAA, electric car mandates and more.
Ford expecting mounting EV losses this year
Ford revealed in its latest earnings report that its Model e electric vehicle division is expected to see losses above $5 billion in 2025, similar to last year.
Trump admin hits brakes on $5B electric vehicle charging station program
The Federal Highway Administration pumped the brakes on a program to dole out funds to states for electric vehicle charging infrastructure.
Ford Mustang Mach-E sales surpass traditional Mustang
Ford announced that sales of its electric Mustang Mach-E surpassed those of its traditional Mustang in 2024 – a notable milestone for the Detroit automaker in a challenging EV market.
Automakers that pushed back EV goals and plans in 2024
Consumers' interest in EVs is rising at a slower rate than previously projected, which prompted several leading automakers to adjust their EV goals and production plans in 2024.
Trump wants to roll back Biden's EV push: here is how it would affect consumers
President-elect Trump is expected to undo much of President Biden's green agenda, including rules pushing broader adoption of electric vehicles. Here's how that could impact consumers.
County takes on international offshore wind company to save commercial fishing jobs
Worcester County, Maryland, commissioners approved a resolution to acquire two properties being considered by US Wind for an operations facility, through eminent domain.
Trump transition proposing redirection of funds from EV push to national defense: report
President-elect Trump is reportedly considering reallocating funds supporting electric vehicles to national defense funding, according to Reuters.