watch now Elon Musk’s journey to becoming the world’s first trillionaire will likely be powered by rockets rather than cars, as SpaceX now accounts for nearly two-thirds of the Tesla CEO’s wealth. Musk became the first person ever to top the $800 billion mark this week, with his net worth now around $845 billion, according… Continue reading Elon Musk wants to be a trillionaire — here’s how SpaceX may get him there
Author: CNBC Online news
Automakers largely sit out 2026 Super Bowl advertising amid industry uncertainty
Volkswagen is one of three automakers expected to advertise during the Super Bowl in 2026. Courtesy VW DETROIT — Automakers are largely sitting on the advertising sidelines during this year’s Super Bowl amid uncertainty in the U.S. automotive industry involving sales, tariffs and regulations. Carmakers — historically major buyers of ads during the big game… Continue reading Automakers largely sit out 2026 Super Bowl advertising amid industry uncertainty
How America’s EV retreat is increasing China’s control of global markets
Employees work on the assembly line of new energy vehicles (NEVs) at a workshop of China FAW Group’s Hongqi Fanrong Plant on July 5, 2023 in Changchun, Jilin Province of China. Zhang Yao | China News Service | Getty Images DETROIT — The unraveling of the U.S. electric vehicle push is increasingly raising concerns of… Continue reading How America’s EV retreat is increasing China’s control of global markets
Stellantis CEO says automaker is stronger together as stock plummets amid $26 billion charge
Stellantis CEO Antonio Filosa speaks during an event in Turin, Italy, Nov. 25, 2025. Daniele Mascolo | Reuters DETROIT — Stellantis CEO Antonio Filosa on Friday said the automaker plans to move forward as one company amid speculation that it would be better off selling brands or splitting up after disappointing results. “Stellantis is a… Continue reading Stellantis CEO says automaker is stronger together as stock plummets amid $26 billion charge
Stellantis announces $26 billion hit from business overhaul; shares plunge
Stellantis logo is pictured at one of its assembly plants following a company’s announcement saying it will pause production there, in Toluca, state of Mexico, Mexico April 4, 2025. Henry Romero | Reuters Shares of automaker Stellantis plunged 27% in European trading on Friday, after the company said it expects to take a 22-billion-euro ($26… Continue reading Stellantis announces $26 billion hit from business overhaul; shares plunge
Toyota promotes finance chief Kenta Kon as CEO in second leadership change in 3 years
Outgoing Toyota CEO Koji Sato (L) and incoming CEO Kenta Kon (R) pose during a photo session after a press conference in Tokyo, Japan on February 06, 2026. Tomohiro Ohsumi | Getty Images News | Getty Images Toyota Motor announced Friday that Chief Executive Officer Koji Sato will step down and be replaced by its… Continue reading Toyota promotes finance chief Kenta Kon as CEO in second leadership change in 3 years
Tesla maintains competitive showing in China-made EV sales despite industry headwinds
Tesla remained a strong contender in Beijing’s competitive electric vehicle scene, as the company’s China-produced EV sales grew modestly in January from the year before, amid a broader industry slowdown. According to data published by the China Passenger Car Association on Wednesday, January deliveries from Tesla’s Shanghai Gigafactory rose by 9% to 69,129 units, from… Continue reading Tesla maintains competitive showing in China-made EV sales despite industry headwinds
‘700 miles of range’: What Ford and Ram replaced their EV pickups with
Ford Motor‘s F-150 Lightning was the best-selling electric pickup truck in the U.S. last year. Still, Ford dropped it, showing the challenges automakers face in learning what kinds of EVs customers want. Now, companies are pivoting to extended-range electric vehicles, or EREVs. Ford and Stellantis‘ Ram, as well as newcomer Scout Motors are scheduled to… Continue reading ‘700 miles of range’: What Ford and Ram replaced their EV pickups with
Sweden’s Volvo Cars fell over 22% in its worst trading day ever. Here’s why
This photograph shows a partial view of a Volvo X30 electric car with the company logo at the Volvo factory in Ghent on April 25, 2025. This factory will produce the Volvo X30 100% electric model for the European market. Nicolas Tucat | Afp | Getty Images Shares of Sweden’s Volvo Cars tumbled more than… Continue reading Sweden’s Volvo Cars fell over 22% in its worst trading day ever. Here’s why
China’s EV slowdown persists as BYD posts near two-year low in sales
HONG KONG, CHINA – JANUARY 05: A general view of the BYD Auto showroom on January 5, 2026, in Hong Kong, China. (Photo by Sawayasu Tsuji/Getty Images) Sawayasu Tsuji | Getty Images News | Getty Images BEIJING — Chinese electric car giant BYD reported a nearly two-year low in local sales in January, signaling mounting… Continue reading China’s EV slowdown persists as BYD posts near two-year low in sales