Consumers with the Tesla Model Y L electric vehicle in Tesla stores in Shanghai, China on October 19, 2025. CFOTO | Future Publishing | Getty Images ]]> Taken from CNBC’s Daily Open, our international markets newsletter — Subscribe today There are generally two ways for a company to increase its profit: increasing sales or cutting… Continue reading CNBC Daily Open: Tesla’s revenue rose — but so did its operating costs
Author: CNBC Online news
‘Europe’s Detroit’ is losing its shine as an automotive powerhouse
A Kia Sportage automobile in the quality control inspection area at the Kia Slovakia sro plant in Zilina, Slovakia, on Friday, Oct. 27, 2023. Bloomberg | Bloomberg | Getty Images Slovakia, a small landlocked country in the heart of Europe, faces a perfect storm as it seeks to protect its enviable automotive reputation. From the… Continue reading ‘Europe’s Detroit’ is losing its shine as an automotive powerhouse
Tesla reports revenue growth after two down quarters. Why the stock is falling
Elon Musk attends ‘Exploring the New Frontiers of Innovation: Mark Read in Conversation with Elon Musk’ session during the Cannes Lions International Festival Of Creativity 2024 – Day Three on June 19, 2024 in Cannes, France. Marc Piasecki | Getty Images Tesla reported a 12% increase in third quarter revenue on Wednesday following two straight… Continue reading Tesla reports revenue growth after two down quarters. Why the stock is falling
GM plans to launch eyes-off driving, Google AI and other new in-vehicle tech by 2028
Mary Barra speaks onstage during WSJ’s Future of Everything 2025 at The Glasshouse on May 28, 2025 in New York City. Dia Dipasupil | Getty Images NEW YORK — General Motors is targeting a suite of new software initiatives for its vehicles over the next three years, including an in-vehicle artificial intelligence assistant from Google… Continue reading GM plans to launch eyes-off driving, Google AI and other new in-vehicle tech by 2028
Auto giant Volkswagen warns of output stoppages amid Nexperia chip disruption
A new Volkswagen ID.3 electric car prepares to pass final inspection at the Volkswagen plant on May 14, 2025 in Dresden, Germany. Sean Gallup | Getty Images News | Getty Images German auto giant Volkswagen on Wednesday warned of temporary production outages citing China’s export restrictions on semiconductors made by Nexperia. The update comes shortly… Continue reading Auto giant Volkswagen warns of output stoppages amid Nexperia chip disruption
Baidu’s Apollo Go plans to launch taxis with no steering wheels in Switzerland as the race for robotaxis in Europe heats up
Chinese tech company Baidu announced Wednesday its Apollo Go robotaxi arm has entered a strategic partnership with PostBus in Switzerland. Baidu BEIJING — Chinese tech giant Baidu announced Wednesday that its robotaxi unit will start test drives in Switzerland in December, as firms race to get their vehicles on European roads. The company’s Apollo Go… Continue reading Baidu’s Apollo Go plans to launch taxis with no steering wheels in Switzerland as the race for robotaxis in Europe heats up
Take Back Tesla campaign urges shareholders to reject Musk $1 trillion pay plan
Elon Musk interviews on CNBC from the Tesla Headquarters in Texas. CNBC A day ahead of Tesla’s quarterly earnings report, a coalition of unions and corporate watchdogs wants investors to focus their attention on matters of governance. On Tuesday, a group that includes the American Federation of Teachers and Public Citizen launched a website for… Continue reading Take Back Tesla campaign urges shareholders to reject Musk $1 trillion pay plan
GM expects next year’s results to top 2025 earnings
The GM logo is seen on the facade of the General Motors headquarters in Detroit on March 16, 2021. Rebecca Cook | Reuters DETROIT — General Motors CFO Paul Jacobson on Tuesday said the company expects earnings next year to top its 2025 results, which have performed far better than Wall Street’s expectations. Investors had… Continue reading GM expects next year’s results to top 2025 earnings
China says U.S. and Australia ‘should play a proactive role’ to bolster rare earths supply chains
FILE PHOTO: Workers transporting soil containing rare earth elements for export at a port in Lianyungang, Jiangsu province, China, Oct. 31, 2010. Stringer | Reuters China on Tuesday responded to the U.S.-Australia critical minerals deal by saying resource-rich rare earth countries should take “a proactive role” in stabilizing their critical minerals supply chains. A spokesperson… Continue reading China says U.S. and Australia ‘should play a proactive role’ to bolster rare earths supply chains
GM stock soars 15% as automaker raises guidance, beats Q3 earnings
A General Motors Co. Chevrolet Silverado truck at a dealership in Upland, California, US, on Wednesday, Oct 15, 2025. Kyle Grillot | Bloomberg | Getty Images DETROIT — General Motors raised its 2025 financial guidance Tuesday after beating Wall Street’s top- and bottom-line earnings expectations for the third quarter, while lowering its expected impact from… Continue reading GM stock soars 15% as automaker raises guidance, beats Q3 earnings