Business

Tesla CEO Elon Musk says he won’t sell any more shares in Tesla for 18 months or more, likely an attempt to comfort shareholders of the electric vehicle company who have watched the stock lose nearly half of its value since Musk’s purchase of Twitter went through in October.

WASHINGTON — A $1.7 trillion spending bill financing federal agencies through September and providing more aid to a devastated Ukraine cleared the House on Dec. 23 to avoid a partial government shutdown.

The U.S. government’s highway safety agency said Dec. 22 it will send teams to investigate two November crashes in California and Ohio involving Teslas that may have been operating on automated driving systems.

The Senate passed a massive $1.7 trillion spending bill on Dec. 22 that finances federal agencies through September and provides another large round of aid to Ukraine.

The Senate Finance Committee is launching an investigation into whether major automakers such as Ford Motor Co., General Motors Co. and Tesla Inc. are using parts made with forced labor from the Xinjiang region of China.

General Motors Co.’s Cruise unit started offering rides with its self-driving taxi business in two more cities, expanding beyond San Francisco with cars now operating in Phoenix and in Austin, Texas.

Hong Kong International Airport says it’s ready to use driverless buses, confident it can shuttle passengers around the aerodrome starting next year after extensive trials years in the making.

Shrugging off rampant inflation and rising interest rates, the U.S. economy grew at an unexpectedly strong 3.2% annual pace from July through September.

Amazon .com Inc. is creating its first big foothold in Montana with a last-mile shipping delivery facility for the entire state, Gov. Greg Gianforte announced Dec. 16.

An in-depth examination of the Biden administration’s funding priorities and policy proposals is expected to be the focus of House Republicans in leadership roles in 2023.