Visitors inspect a Tesla Model Y car during the 40th Thailand International Motor Expo at the Impact Challenger hall in Nonthaburi. Sopa Images | Lightrocket | Getty Images Tesla has a lot going on. A significant slump in sales, stoking concerns among investors and industry analysts, in an EV market where aggressive price cuts have… Continue reading In the EV future, Thailand, the ‘Detroit of Asia,’ could be a key China hedge for automakers
Author: CNBC Online news
Despite reasons for Ford’s latest EV sales surge, there’s a lot going right at the automaker
Lower pricing due to softening demand helped April electric vehicle sales at Ford more than double, even as the automaker was shifting resources away from the money-losing unit. Despite the reasons behind the pricing, Freedom Capital Markets auto analyst Michael Ward said Ford’s nearly 130% jump in battery electric vehicle (BEV) sales last month should… Continue reading Despite reasons for Ford’s latest EV sales surge, there’s a lot going right at the automaker
How American carmakers lost ground in China
American automakers and their non-Chinese counterparts are fighting an existential battle, as local rivals in China outpace them. Chinese companies flush with government investments and subsidies have leapfrogged the competition in electric vehicle technology and software. U.S. automaker sales have fallen dramatically since their peak a few years ago. “I don’t want to sound overly… Continue reading How American carmakers lost ground in China
Elon Musk’s X loses lawsuit against Bright Data over data scraping
Tesla CEO Elon Musk Omar Marques | Getty Images A federal judge in California dismissed a lawsuit filed by Elon Musk’s X against Israel’s Bright Data, in a case that involved the scraping of public online data and its appropriate uses. X, formerly Twitter, sued Bright Data, alleging the company “scrapes data from X” and sells it “using… Continue reading Elon Musk’s X loses lawsuit against Bright Data over data scraping
Ford names ex-Lucid Motors exec as next CFO, promotes current chief
Ford’s Chief Financial Officer John Lawler and Linda Zhang, chief engineer for the company’s All Electric F-150 Lightning, participate in the opening bell ceremony at the New York Stock Exchange, April 28, 2022. Brendan Mcdermid | Reuters Ford Motor on Friday named the former chief financial officer of electric-vehicle startup Lucid to replace its current… Continue reading Ford names ex-Lucid Motors exec as next CFO, promotes current chief
Climate protesters try to break into Tesla’s Germany factory, multiple people arrested
Police confront environmental activists in a forest near the Tesla Gigafactory electric car factory near Gruenheide, Germany, May 10, 2024. Axel Schmidt | Getty Images Climate protesters angry about Tesla’s plans to expand its Berlin-Brandenburg Gigafactory in Germany tried to break into the plant on Friday, according to a statement from local police. “Multiple unauthorized… Continue reading Climate protesters try to break into Tesla’s Germany factory, multiple people arrested
Rivian, Lucid and other EV startups scramble to shore up cash and reassure Wall Street
R1T trucks on the assembly line at the Rivian electric vehicle plant in Normal on April 11, 2022. Brian Cassella | Tribune News Service | Getty Images Once-hot electric vehicle startups — years ago fueled by low interest rates, free cash and Wall Street bullishness — are now scrambling to prove they can survive in… Continue reading Rivian, Lucid and other EV startups scramble to shore up cash and reassure Wall Street
Tesla accused by NLRB of creating policies to chill workers’ unionizing efforts in Buffalo
Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute’s Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. Apu Gomes | Getty Images Tesla is being accused of taking steps to keep employees in Buffalo, New York, from unionizing, according to… Continue reading Tesla accused by NLRB of creating policies to chill workers’ unionizing efforts in Buffalo
Chinese EV maker Zeekr prices IPO at $21, at the top end of range, reports say
Chinese electric vehicle maker Zeekr will reportedly price its initial public offer at $21 a share Thursday. Go to Source
Climate crisis brings high school friends together to back startups overlooked by other VCs
Starshot, a climate tech fund, was founded by Sam Levac-Levey and Jeremy Brewer. Lora Kolodny for CNBC Childhood friends Jeremy Brewer and Sam Levac-Levey started their first clean energy startup in 2018. Six years later, they’re launching a new venture fund to invest in climate tech companies overlooked by their peers. Brewer, who’s worked at… Continue reading Climate crisis brings high school friends together to back startups overlooked by other VCs