From Barchart:

the U.S. without proper security protocols. The move comes as the Biden administration seeks to bolster domestic production and reduce reliance on foreign supply chains.

In other news, Tesla’s market value has surged past the $1 trillion mark, making it the first U.S. automaker to achieve this milestone. The company’s stock jumped nearly 8% after Hertz announced a deal to buy 100,000 Teslas for its rental fleet, further boosting investor confidence in the electric vehicle market.

Meanwhile, Ford has announced plans to invest $11.4 billion in electric vehicle production and create 11,000 new jobs by 2025. The company aims to ramp up its EV production to compete with industry leaders like Tesla and GM, signaling a major shift towards electric vehicles in the automotive sector.



Read more: Why is the U.S. Worried About Chinese Smart Cars?