Weeks after Tesla slashed prices on a number of its models, Ford Motors dropped the price of its electric Mustang Mach-E. WSJ auto reporter Nora Eckert compares the auto makers’ strategic moves and explains what this means for the industry. Photo illustration: Josephine Chu
January gave investors hope that the bear market is finally ending. The S&P 500 rose 6%, while the tech-heavy Nasdaq jumped more than 10%. A handful of important market trends emerged thanks to evolving risk tolerance and growth expectations.
Armed with the world's largest reserves of nickel and a ban on the export of nickel ore, Indonesia is making itself indispensable for the electric vehicle industry, which uses the metal extensively. In just three years, Indonesia has signed more than a dozen deals worth more than $15 billion for battery and electric vehicle production in the country with manufacturers including Hyundai Motor, LG Group and Foxconn. Next up is the mammoth Tesla Inc, the world's most valuable automaker.