Worry about the carmaker’s sales in the world’s largest car market is one reason the shares have plunged. Go to Source
Author: New York Times Online News
Tesla Car Sales Grow Slower Than Expected, Amplifying Concerns
Wall Street has grown decidedly pessimistic about Tesla, fearful that Elon Musk, its chief executive, is too focused on Twitter. Go to Source
Tesla Had a Bad Year. Some Investors Are Blaming Elon Musk.
Investors blame Elon Musk and wonder how much more the stock will fall. Go to Source
Jeep Plant Shutdown Imperils Illinois Town and 1,350 Workers
Stellantis plans to idle the factory, which makes the Cherokee, as it shifts to electric vehicles. Labor talks and a union election may be affected. Go to Source
Black Ice and White Knuckles: Braving the Elements on Iceland’s Ring Road
In summer, the roughly 830-mile route offers drivers midnight sun, along with plenty of traffic. Other times of the year, its snowy delights are more solitary, and slippery. Go to Source
GM Posts Solid Profit as It Pushes to Take On Tesla in EVs
General Motors on Tuesday reported solid profits for 2022, after overcoming the computer chip shortages and softening demand that has slowed much of the auto industry last year. The company reported $9.9 billion in net income, slightly below the total from the year before, while revenue rose 23 percent to $157 billion. It sold 3.6… Continue reading GM Posts Solid Profit as It Pushes to Take On Tesla in EVs
Elon Musk Says He Could Have Raised Funds to Take Tesla Private
Mr. Musk testified in a lawsuit filed by investors who claim his 2018 statements about a plan to buy up the carmaker’s stock cost them billions. Go to Source
Elon Musk Testifies That His Tweets Did Not Drive Tesla’s Stock Price
The chief executive of Tesla testified in a federal civil trial about a 2018 plan to take the automaker private that fizzled out. Go to Source
Elon Musk Goes to Trial Over His 2018 Plan to Take Tesla Private
Investors are seeking billions of dollars in damages for their losses after Mr. Musk posted a proposal on Twitter that never materialized. Go to Source
Uber Drivers Say They Are Struggling: ‘This Is Not Sustainable’
Drivers’ hourly earnings have increased since 2018, but the company sued to block their raise last year and inflation has taken a toll. Go to Source