Elon Musk, CEO of SpaceX and Tesla, attends the Viva Technology conference at the Porte de Versailles exhibition center in Paris on June 16, 2023. Gonzalo Fuentes | Reuters Elon Musk‘s Tesla is facing a federal probe by the National Highway Traffic Safety Administration after the U.S. auto safety agency found that the company was… Continue reading Tesla faces U.S. auto safety probe over faulty crash reporting
Author: CNBC Online news
Hertz to sell used vehicles online through Amazon Autos partnership
Hertz sells hundreds of thousands of vehicles per year, in addition to running its signature car rental business. Courtesy of Hertz Hertz on Wednesday announced it will start selling preowned vehicles on Amazon Autos, a move meant to bolster the car rental company’s retail operations as it looks to bring in more profits. Shares of… Continue reading Hertz to sell used vehicles online through Amazon Autos partnership
Why Tesla Cybertruck sales are falling short of expectations
Sales of Tesla‘s flashy Cybertruck are a fraction of the more than 1 million reservations the company had a month before deliveries began rolling out in November 2023. So far, U.S. sales total just over 52,000 units, according to Cox Automotive. “It’s a really remarkable vehicle,” said Sean Tucker, executive editor of Cox Automotive. “I… Continue reading Why Tesla Cybertruck sales are falling short of expectations
China’s EV industry is spending more on factories abroad than at home for the first time
Brazilian President Luiz Inacio Lula da Silva and China’s Great Wall Motor (GWM) CEO Mu Feng attend the opening of the GWM automobile factory on August 15, 2025, in Sao Paulo, Brazil. China News Service | China News Service | Getty Images BEIJING — Chinese electric car companies are increasing investments in overseas factories as… Continue reading China’s EV industry is spending more on factories abroad than at home for the first time
Elon Musk’s Tesla reportedly slashes UK monthly lease fee as sales plummet
A group of activists criticizing Elon Musk and Tesla’s policies hold a protest outside a Tesla dealership in London’s Park Royal district, on April 12, 2025 in United Kingdom. Anadolu | Anadolu | Getty Images U.S. electric vehicle maker Tesla has sharply cut its monthly lease fee for British motorists to boost weakening demand, The… Continue reading Elon Musk’s Tesla reportedly slashes UK monthly lease fee as sales plummet
Why Bezos-backed Slate Automotive says it has cracked the code to affordable EVs
The Jeff Bezos-backed Slate Automotive says it can sell an American-made electric vehicle pickup truck for about half of the average transaction price in the U.S. Slate’s pitch is keep the vehicle as simple as possible to save on manufacturing costs, and then let owners add on and customize the truck however they want. The… Continue reading Why Bezos-backed Slate Automotive says it has cracked the code to affordable EVs
Cadillac unveils ‘Elevated Velocity’ electric crossover concept car
The Cadillac Elevated Velocity concept car. Courtesy: Cadillac General Motors on Thursday unveiled the Cadillac Elevated Velocity, a new concept car aimed at building up the brand’s all-electric luxury crossover segment. The electric concept car has a “lifted yet elegant design,” according to Cadillac, riding on 24-inch wheels. It includes multiple driving modes to enhance… Continue reading Cadillac unveils ‘Elevated Velocity’ electric crossover concept car
Monterey classic car auctions kick off, and sales expectations are tepid
A general view at Pebble Beach Concours d’Elegance on August 18, 2024 in Monterey, California. Since 1950, the annual Pebble Beach Concours d’Elegance has hosted the world’s most beautiful and expensive collectable cars on the Competition Field along Carmel Bay. Matt Jelonek | Getty Images News | Getty Images A version of this article appeared… Continue reading Monterey classic car auctions kick off, and sales expectations are tepid
Elon Musk’s xAI loses co-founder Igor Babuschkin, who’s leaving to start venture firm
Igor Babuschkin, co-founder of xAI, during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Tuesday, March 19, 2024. David Paul Morris | Bloomberg | Getty Images Igor Babuschkin, a founding member of Elon Musk’s xAI, said Wednesday that he’s leaving the artificial intelligence startup to launch his own venture firm. “Today… Continue reading Elon Musk’s xAI loses co-founder Igor Babuschkin, who’s leaving to start venture firm
Google faces loss of Chrome as Perplexity bid adds drama to looming breakup decision
Sundar Pichai, chief executive officer of Alphabet Inc., during a visit to the Google for Startups campus in Warsaw, Poland, on Thursday, Feb. 13, 2025. The EU has established a reputation globally for its aggressive regulation of major technology companies, including the likes of Apple and Google over antitrust concerns. Photographer: Damian Lemanski/Bloomberg via Getty… Continue reading Google faces loss of Chrome as Perplexity bid adds drama to looming breakup decision