The automotive industry refers to the sector of the economy that encompasses the design, development, manufacturing, marketing, and selling of motor vehicles. This industry primarily focuses on automobiles, including cars, trucks, buses, and motorcycles. It involves various activities such as the production of components like engines, transmissions, and electrical systems, as well as assembling these parts into finished vehicles. The automotive industry is a significant contributor to global economies, providing millions of jobs and influencing numerous related sectors, including steel production, electronics, and rubber manufacturing. The industry is also undergoing significant changes with the rise of electric vehicles (EVs), autonomous driving technology, and new mobility solutions, reflecting a shift toward sustainability and innovation in transportation.
Tesla's stock is facing significant volatility, currently the top decliner among S&P 500 companies. Donald Trump boosted Tesla's stock by 3.8% after his public endorsement through purchasing a new Tesla…