Electric vehicles are cheaper to maintain than cars with internal combustion engines, but they tend to lose money — fast. It varies by model, but in general EVs depreciate by 13% more over a five-year period than the overall market, and some plummet in value even more rapidly, according to iSeeCars, which tracks the used… Continue reading Why EVs lose value faster than gas cars and why that could be changing
Author: CNBC Online news
Cost and chaos continue to test resiliency of U.S. auto industry
A worker at Ford’s Kentucky Truck Plant on April 30, 2025. Michael Wayland | CNBC DETROIT — “A lot of cost and a lot of chaos.” That’s how Ford Motor CEO Jim Farley described the state of the automotive industry earlier this year amid geopolitical tensions, tariffs, inflation and other disruptions. All those factors created… Continue reading Cost and chaos continue to test resiliency of U.S. auto industry
Proxy advisor ISS recommends Tesla shareholders oppose Elon Musk $1 trillion pay plan
Elon Musk, CEO of SpaceX and Tesla, attends the Viva Technology conference at the Porte de Versailles exhibition center in Paris on June 16, 2023. Gonzalo Fuentes | Reuters Top proxy advisor Institutional Shareholder Services is recommending that Tesla investors vote against a pay plan for CEO Elon Musk that would grant him nearly $1 trillion more… Continue reading Proxy advisor ISS recommends Tesla shareholders oppose Elon Musk $1 trillion pay plan
Trump says he’ll think about Kremlin’s Russia-Alaska tunnel pitch
Zoom In Icon Arrows pointing outwards Kremlin envoy proposes ‘Putin-Trump tunnel’ to link Russia and U.S. Reuters President Donald Trump said Friday that a Russian proposal for Elon Musk and his tunneling business, the Boring Company, to build an undersea rail tunnel through the Bering Strait was “interesting” and he’d have to think about it.… Continue reading Trump says he’ll think about Kremlin’s Russia-Alaska tunnel pitch
Chinese robotaxi company Pony.ai to work with Stellantis on Europe expansion
Robotaxi operator Pony.ai has begun testing rides with human staff inside between a suburb of Beijing and a major high-speed train station. CNBC | Evelyn Cheng Chinese robotaxi company Pony.ai announced Friday it is working with Stellantis for testing self-driving taxis in Europe. The companies said they will start tests in the coming months in… Continue reading Chinese robotaxi company Pony.ai to work with Stellantis on Europe expansion
Benioff’s backing of Trump, troops in SF leads Salesforce Foundation director Conway to quit
Ron Conway, founder of SV Angel, speaks during the TechCrunch Disrupt NYC 2015 conference in New York on May 4, 2015. Michael Nagle | Bloomberg | Getty Images Days after suggesting that President Donald Trump should send federal troops to San Francisco, Salesforce CEO Marc Benioff is facing some consequences. Prominent startup investor Ron Conway,… Continue reading Benioff’s backing of Trump, troops in SF leads Salesforce Foundation director Conway to quit
Uber will offer gig work like AI data labeling to drivers while not on the road
Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., speaks during an unveiling event in New York, US, on Wednesday, May 14, 2025. Yuki Iwamura | Bloomberg | Getty Images Uber plans to offer drivers and couriers in the U.S. ways to make money through the company’s app when they’re not ferrying around people or… Continue reading Uber will offer gig work like AI data labeling to drivers while not on the road
Nio shares plunge 9% after Singapore’s GIC accuses Chinese EV maker of inflating revenue
The Nio logo is seen at the Nio booth at the National Exhibition Center in Shanghai, China, on April 28, 2025, during the Shanghai Automobile Show 2025. Nurphoto | Nurphoto | Getty Images Hong Kong-listed shares of Nio plunged nearly 9% after Singapore’s sovereign wealth fund GIC sued the Chinese electric vehicle maker for allegedly… Continue reading Nio shares plunge 9% after Singapore’s GIC accuses Chinese EV maker of inflating revenue
Tesla demand in focus after Trump policies lead GM, Ford to retreat from EV ambitions
President Donald Trump holds a news conference with Elon Musk to mark the end of the Tesla CEO’s tenure as a special government employee overseeing the U.S. DOGE Service on Friday May 30, 2025 in the Oval Office of the White House in Washington. Tom Brenner | The Washington Post | Getty Images General Motors’… Continue reading Tesla demand in focus after Trump policies lead GM, Ford to retreat from EV ambitions
Auto industry raises the alarm as China tightens export rules for rare earths
Workers assemble an Volkswagen’s ID.3 GTX FIRE+ICE electric car on a production line at the Volkswagen electric car factory on October 13, 2025 in Zwickau, Germany. Jens Schlueter | Getty Images News | Getty Images Automotive industry groups have raised the alarm over the ramifications of China’s latest move to restrict critical rare earth exports,… Continue reading Auto industry raises the alarm as China tightens export rules for rare earths