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Ferrari replaced marketing chief Enrico Galliera after the disappointing launch of its first electric vehicle contributed to an 8% drop in the company’s shares.
Ferrari shares dropped 7.57% after the company introduced its first fully electric vehicle to global markets.
Honda reported the first annual loss in its history as EV investment costs and weaker global demand hurt profitability.
Tesla began mass production of the Semi truck years behind schedule with higher pricing and updated performance specifications.
Tesla halted Model S and X production at Fremont to expand manufacturing capacity for its Optimus humanoid robots.
Tesla beats earnings expectations across key metrics, sending shares up 5%.
Volkswagen’s profit falls 44% in 2025 as the automaker plans to cut 50,000 jobs in Germany by 2030.