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Shares of some of the world's biggest automakers appeared surprisingly resilient on Thursday.

Chinese electric vehicle startups Xiaomi, Xpeng and Leapmotor each reported in March delivery volumes that were roughly double of their startup competitors.

Tesla reported first-quarter delivery and production numbers two days after the company's stock wrapped up its worst quarter since 2022.

The U.S. carmaker is facing a headwinds in China, in particular mounting challenges from local rivals like BYD.

Nicknamed the "Detroit of Europe" due to its thriving automotive industry, Slovakia produces more cars per capita than any other country in the world.

Ford's first quarter sales were off 1.3% compared to a year earlier, largely due to the discontinuation last year of its Ford Edge SUV in Canada.

U.S. President Donald Trump last Wednesday announced sweeping 25% tariffs on cars "not made in the U.S.," sending shockwaves through global automakers.

LightSource, a supply chain software startup, has raised $33 million in a funding round led by Bain Capital and Lightspeed.

Tesla had its third-worst quarter ever in the first three months of the year, a stretch that's corresponded with Elon Musk's time with the Trump administration.

Stroll's stake in the company is poised to increase to roughly 33% from about 27.7% as part of the transaction.