watch now Scottie Scheffler, the top golfer in the world, was arrested Friday and charged with felony assault on a police officer and reckless driving outside of a PGA championship event in Louisville, Kentucky. Scheffler, 27, was detained after he was seen driving on a median toward the entrance to Valhalla Golf Club, the site… Continue reading World’s top golfer Scottie Scheffler arrested on charges of assaulting officer at PGA championship event
Author: CNBC Online news
As Tesla layoffs continue, here are 600 jobs the company cut in California
In an aerial view, brand new Tesla cars sit parked in a lot at the Tesla Fremont Factory in Fremont, California, April 24, 2024. Justin Sullivan | Getty Images As part of Tesla’s massive restructuring, the electric-vehicle maker notified the California Employment Development Department this week that it’s cutting approximately 600 more employees at its… Continue reading As Tesla layoffs continue, here are 600 jobs the company cut in California
Auto incentives are back — but high interest rates weaken deals for buyers
Simonskafar | E+ | Getty Images Incentives are coming back to the auto market, but high interest rates are weakening those deals for car shoppers. “Pre-pandemic, people would see a 0% financing for 60 months and think, ‘no big deal,’ because it was available everywhere,” said Jessica Caldwell, an insights analyst at Edmunds, an auto… Continue reading Auto incentives are back — but high interest rates weaken deals for buyers
Biden’s EV tariffs may not be enough to stave off the threat of Chinese vehicles in the U.S.
U.S. President Joe Biden announces increased tariffs on Chinese products to promote American investments and jobs in the Rose Garden of the White House on May 14, 2024 in Washington, DC. Win Mcnamee | Getty Images DETROIT — President Joe Biden’s plan to quadruple tariffs on China-made electric vehicles is unlikely to stave off the… Continue reading Biden’s EV tariffs may not be enough to stave off the threat of Chinese vehicles in the U.S.
Tesla’s Chinese rival Nio launches a new brand and car that undercuts the Model Y by $4,000
Chinese electric car company Nio launched its lower-cost brand Onvo on Wednesday, May 15, 2024, in Shanghai, China. CNBC | Evelyn Cheng SHANGHAI — Chinese electric car company Nio revealed Wednesday that the first car for its new, lower-priced brand, Onvo, will be about $4,000 cheaper than Tesla’s comparable Model Y. Deliveries for Onvo’s first… Continue reading Tesla’s Chinese rival Nio launches a new brand and car that undercuts the Model Y by $4,000
Baidu’s robotaxi unit expects to turn profitable next year
A driverless robotaxi autonomous vehicle developed by Baidu Apollo driving along a street in Beijing. Jade Gao | Afp | Getty Images SHANGHAI — Chinese tech company Baidu said Wednesday its Apollo Go robotaxi arm expects to turn profitable next year. The projection comes as Elon Musk has emphasized his plans to build up Tesla’s… Continue reading Baidu’s robotaxi unit expects to turn profitable next year
Tesla is sued over air pollution from factory operations in Fremont, California
An aerial view of the Tesla Fremont Factory on April 24, 2024 in Fremont, California. Justin Sullivan | Getty Images Tesla is being sued by the nonprofit Environmental Democracy Project, which alleges “ongoing failure to comply with the Clean Air Act” at the electric vehicle company’s assembly plant in Fremont, California. In the suit, filed… Continue reading Tesla is sued over air pollution from factory operations in Fremont, California
What to expect for Tesla’s Supercharger network now that the team is dismantled
The future of Tesla Supercharging is uncertain following CEO Elon Musk’s disbanding of the Supercharging team as part of a broader restructuring. The roughly 500 layoffs included senior director of EV charging Rebecca Tinucci and Daniel Ho, director of vehicle programs. Musk’s abrupt decision has raised concerns about the future of Tesla’s EV charging system,… Continue reading What to expect for Tesla’s Supercharger network now that the team is dismantled
Stellantis to rapidly grow exports of Chinese EVs to Europe, other countries
Stellantis CEO Carlos Tavares and Leapmotor founder and CEO Zhu Jiangming shake hands in relation to new partnerships between their companies. Stellantis Automaker Stellantis expects to quickly grow sales of China-made electric vehicles outside of the country through a new joint venture with Leapmotor, starting later this year, according to the two companies. The companies… Continue reading Stellantis to rapidly grow exports of Chinese EVs to Europe, other countries
19. Einride
Founders: Robert Falck (CEO), Linnéa Kornehed-Falck, Filip LiljaLaunched: 2016Headquarters: Stockholm, SwedenFunding: $652.3 millionValuation: N/AKey technologies: Artificial intelligence, autonomous vehicles, machine learningIndustry: AutomotivePrevious appearances on Disruptor 50 List: 1 (No. 13 in 2023) Persephone Kavallines In the U.S., the consumer EV market is most notable lately for its struggles, with adoption rates undercutting expectations and major automakers pulling… Continue reading 19. Einride