watch now OpenAI on Tuesday publicly responded to a lawsuit brought by co-founder Elon Musk, highlighting apparent hypocrisy on the part of the now-billionaire and early backer of the company. In its response, OpenAI reproduced old emails from Musk in which the Tesla and SpaceX CEO encouraged the rising startup to raise at least $1… Continue reading OpenAI shares Elon Musk emails urging startup to raise $1 billion, see Tesla as a cash cow in its early years
Author: CNBC Online news
Elon Musk reportedly met with Donald Trump in Florida
Evan Vucci | AP Tesla CEO Elon Musk met with former President Donald Trump on Sunday in Palm Beach, Florida, along with unnamed wealthy Republican donors, The New York Times reported, citing three people briefed on the meeting. Trump is courting donors as he gears up for a general election campaign against President Joe Biden.… Continue reading Elon Musk reportedly met with Donald Trump in Florida
Dodge Charger will live on as a new EV and a gas-powered muscle car
2024 Dodge Charger Daytona Scat Pack EV Dodge DETROIT — Dodge won’t abandon its traditional, gearhead, high-octane Charger and Challenger owners with its next-generation muscle car. The automaker on Tuesday revealed the new Dodge Charger as an all-electric vehicle as well as a next-generation gas-powered muscle car. It will be the first all-electric car from… Continue reading Dodge Charger will live on as a new EV and a gas-powered muscle car
China EV shares are feeling the heat as price war concerns grow
New cars of the “Dolphin” model from Chinese car manufacturer BYD are in the harbor. Picture Alliance | Picture Alliance | Getty Images Chinese electric vehicle makers shares listed in Hong Kong fell on Tuesday as worries of price wars in the sector grew. China’s EV market, the world’s largest and most crowded, is seeing… Continue reading China EV shares are feeling the heat as price war concerns grow
Strong Ford hybrid sales provide a window for investors to make a move on the stock
Ford on Monday reported a continued surge in monthly hybrid sales, the latest indication that its strategic shift from money-losing and demand-softening electric vehicles is paying off. Jim Cramer sees a window for investors to act. Shares of Ford were trading as much as 4% higher on Monday after a strong February sales report. The… Continue reading Strong Ford hybrid sales provide a window for investors to make a move on the stock
Ford sales jump 10.5% in February, led by gains in hybrids and EVs
A 2022 Ford Motor Co. Maverick compact pickup truck during the Washington Auto Show in Washington, D.C., on Friday, Jan. 21, 2022. Al Drago | Bloomberg | Getty Images DETROIT – Ford Motor’s U.S. sales jumped 10.5% last month compared with February 2023, led by increases in its hybrid and all-electric vehicles sales. The Detroit… Continue reading Ford sales jump 10.5% in February, led by gains in hybrids and EVs
For century-old Mack Trucks, the 18-wheeled, bulldog-big rig future is still going to be EV
Mack MD electric trucks. Mack Trucks Mack Trucks, founded in Brooklyn, New York, in 1900, is renowned for its 18-wheelers, diesel-powered big rigs with a trademark bulldog mounted on the hood. In 2021, that iconic ornament debuted in copper, rather than its usual gold hue, signifying the venerable manufacturer’s first foray into battery-electric vehicles. Appropriately,… Continue reading For century-old Mack Trucks, the 18-wheeled, bulldog-big rig future is still going to be EV
Waymo approved by regulator to expand robotaxi service in Los Angeles, San Francisco Peninsula
Passengers ride in an electric Waymo full self-driving technology in Santa Monica Allen J. Schaben | Los Angeles Times | Getty Images Alphabet’s Waymo robotaxi unit won approval from the California Public Utilities Commission to expand service to parts of Los Angeles and the Bay Area, according to a notice posted to the regulator’s website… Continue reading Waymo approved by regulator to expand robotaxi service in Los Angeles, San Francisco Peninsula
Daimler Truck surges 17% to record on bumper earnings, buyback announcement
Supply chain disruptions are causing a production backlog at the world’s largest truckmaker, Daimler Trucks. Bloomberg | Getty Images Shares of Daimler Truck hit a fresh all-time high Friday, spiking more than 17%, after posting record full-year profit and announcing a 2 billion euro ($2.16 billion) share buyback program. The German truck maker posted better-than-expected… Continue reading Daimler Truck surges 17% to record on bumper earnings, buyback announcement
Here’s what tech giants are betting on next — from robot dogs to smartphones you can wear on your wrist
Mobile World Congress 2024, the world’s biggest mobile trade show, had a lot of future-looking tech on display. Arjun Kharpal | CNBC The Mobile World Congress, the world’s largest mobile show, is a place where device makers show off some of their latest innovations. And there was quite a lot on display in Barcelona, Spain,… Continue reading Here’s what tech giants are betting on next — from robot dogs to smartphones you can wear on your wrist