Chief Executive Elon Musk said on Wednesday that U.S. government cuts in support for electric vehicle makers could lead to a "few rough quarters" for the company before a wave of revenue from self-driving software and services begins late next year.
Malaysia has once again called on its Asean counterparts to deepen intra-regional trade and reduce dependence on external trading partners, as global trade tensions mount.
Malaysia's automotive sector is expected to face softer sales momentum in the second half of 2025 due to looming inflationary pressures on consumers, according to RHB Research.
A total of RM474.2 billion in approved investments across various economic sectors was recorded between 2024 (full year) and March 2025, according to the Ministry of Investment, Trade and Industry (Miti).
The Asean+3 Macroeconomic Research Office (Amro) has downgraded its economic growth forecast for Malaysia in 2025 to 4.2%, from 4.7%, after taking into account rising global uncertainties stemming from heightened US tariffs and the subsequent impact from the broader slowdown in global demand.
Tesla’s electric-vehicle registrations in California fell 21.1% in the second quarter, according to industry data, marking the seventh consecutive quarterly drop in the crucial US market.