The carmaker, which is controlled by Elon Musk and is considering merging with another of his companies, SpaceX, spent heavily on artificial intelligence and other new technologies.
Tech stocks are up after the rocket and artificial intelligence company beat earnings estimates — and Elon Musk confirmed it is weighing a deal with Tesla.
Thailand introduced subsidies and tax cuts to encourage electric vehicle adoption. Now it is trying to recalibrate, alarmed by the threat to its industrial landscape.
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