Topic: auto

Elon Musk faced significant financial setbacks this week as Tesla shares fell 18%, marking their worst weekly decline since 2022, while SpaceX's stock also dropped ahead of a crucial rocket test flight, collectively erasing about $130 billion from his wealth.

The hybrid vehicle market in the U.S. is experiencing significant growth, with Toyota, Hyundai, and Honda dominating the segment, which now holds a record market share of 15.4%. This shift highlights the increasing consumer preference for hybrids over fully electric vehicles, driven by factors such as high fuel prices and a broader selection of models.