Business

Shares in Tesla were down in premarket trading as the carmaker lays out the risks from President Trump’s tariffs and his scrapping of tax credits.

The firm’s chief executive said that the field in the Baltic Sea might eventually produce up to 40,000 barrels of oil a day, making it the largest discovery in Northern Europe in more than a decade.

A new generation of meme stocks are soaring and falling again.

The agreement Japan secured has added pressure on South Korea to defuse the threat of high tariffs on its exports to the United States.

The flow of goods in Manzhouli, China’s main border crossing with Russia, underscores increasingly close ties between the two countries, complicating China’s relationship with Europe.

President Trump’s 15 percent tariff on cars from Japan has angered U.S. automakers, which make cars in Canada and Mexico subject to 25 percent tariffs.

European Union officials are set for a summit with China’s top leaders. China’s support of Russia and a long list of trade disputes are on the agenda.

Elon Musk has said robotaxis are the company’s future, but most revenue still comes from cars.

President Trump will get to decide where to invest Japanese money and the United States will keep 90 percent of the profits, the White House said.

California officials have not yet determined whether Southern California Edison caused the fire, which killed 17 people and destroyed thousands of properties.