While it is common practice within the global automotive industry for automakers to demand efficiency improvements and price cuts from their suppliers, these are normally in the range of 3% to 4% ...

Chinese automaker BYD’s (BYDDF) (HK:1211) move to spur demand via price cuts on its vehicles has backfired badly, as reflected in the steep fall in its Hong Kong-listed stock since May 23.

Wall Street analyst Dan Ives, long bullish on Tesla, has soured on the stock. In a note published Sunday, Ives' firm, Wedbush Securities, slashed its 12-month price target for Tesla stock from $550 to ...

Noah Berger/ AP Photo Dan Ives' Wedbush Securities cut its 12-month price target for Tesla by 43%. The firm cites Elon Musk'sactivity in Washington and China's backlash to tariffs for the cut.