Elon Musk at a Tesla Motors press conference at the 2009 North American Auto Show. James Leynse | Corbis Historical | Getty Images The term “collectible vehicle” might conjure up images of an elegant convertible from the 1930s, or maybe a souped-up muscle car. But time moves on. A new crop of all-electric vehicles and… Continue reading The future of EVs in the collectible cars market, from the Tesla Roadster to BMWs and Ferraris
Author: CNBC Online news
Trump and his allies want Elon Musk to speak at Republican National Convention
Trump advisor Steve Bannon (L) watches as President Donald Trump greets Elon Musk, SpaceX and Tesla CEO, before a policy and strategy forum with executives in the State Dining Room of the White House February 3, 2017 in Washington, DC. Brendan Smialowski | AFP | Getty Images Former President Donald Trump and his allies on… Continue reading Trump and his allies want Elon Musk to speak at Republican National Convention
GM cuts Chevy Blazer EV price as sales restart following software issues
The Chevrolet All-Electric Blazer EV. Scott Mlyn | CNBC DETROIT — General Motors is reducing the price of its new Chevrolet Blazer EV by thousands of dollars as it restarts sales of the vehicle Friday following an 11-week stoppage to address software issues. Current 2024 Blazer EV models will start at $50,195, or $6,520 less… Continue reading GM cuts Chevy Blazer EV price as sales restart following software issues
EV startup Fisker is fighting for survival
Henrik Fisker, a widely respected Danish automotive designer, joined the battle for electric vehicle dominance in 2007 with his first endeavor, Fisker Automotive, but failed. The company ended with his resignation and bankruptcy in 2013. Now the designer-turned-CEO is back and determined to get it right. In 2016, he came back with a new company… Continue reading EV startup Fisker is fighting for survival
House Democrats probe SpaceX over alleged illegal export and use of Starlink by Russia
The Starlink photo is seen on a mobile device with Ukraine on a map in the background in this illustration photo in Warsaw, Poland on 21 September, 2022. STR | Nurphoto | Getty Images House Democrats Robert Garcia, D-Calif. and Jamie Raskin, D-Md, sent a letter to SpaceX demanding transparency from the defense contractor following… Continue reading House Democrats probe SpaceX over alleged illegal export and use of Starlink by Russia
Rivian shares surge as company reveals new EV models, $2.25 billion in cost savings
Rivian CEO RJ Scaringe reacts at an event to unveil a smaller R2 SUV in Laguna Beach, California, U.S., March 7, 2024. Mike Blake | Reuters Shares of Rivian Automotive surged 13% on Thursday as the EV maker unveiled three new vehicles and announced more than $2 billion in savings related to pausing construction on… Continue reading Rivian shares surge as company reveals new EV models, $2.25 billion in cost savings
China could flood U.S. electric-vehicle market with its offerings, Energy Secretary Jennifer Granholm warns
U.S. Energy Secretary Jennifer Granholm speaks to reporters during a press briefing at the White House in Washington, June 22, 2022. Kevin Lamarque | Reuters China could flood the U.S. electric-vehicle market with its offerings, Energy Secretary Jennifer Granholm warned Wednesday, weeks after President Joe Biden raised similar concerns. “We are very concerned about China… Continue reading China could flood U.S. electric-vehicle market with its offerings, Energy Secretary Jennifer Granholm warns
Elon Musk’s pick for district attorney of Texas’ Travis County lost on Tuesday
Tesla CEO Elon Musk in Austin, Texas, on April 7, 2022. Suzanne Cordeiro | AFP | Getty Images Elon Musk’s pick to be district attorney of Texas’ Travis County lost on Tuesday, hours after the Tesla CEO sent a companywide email urging employees to follow his lead. Jeremy Sylestine, a Democratic challenger to the incumbent… Continue reading Elon Musk’s pick for district attorney of Texas’ Travis County lost on Tuesday
OpenAI shares Elon Musk emails urging startup to raise $1 billion, see Tesla as a cash cow in its early years
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
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