Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024. Justin Sullivan | Getty Images DETROIT – Lucid Group missed Wall Street’s expectations for a second consecutive quarter as the all-electric vehicle maker continues to address problems with the launch of its new flagship… Continue reading Lucid misses Wall Street expectations, cuts production guidance again
Author: CNBC Online news
Tesla sales in Germany have cratered from last year, data shows
Elon Musk, CEO of Tesla Inc., arrives at the Tesla plant in Gruenheide, Germany, on March 13, 2024. Krisztian Bocsi | Bloomberg | Getty Images Tesla sold just 750 electric vehicles in Germany for October 2025, less than half of what it sold a year ago, according to data out Wednesday from the country’s federal… Continue reading Tesla sales in Germany have cratered from last year, data shows
How Chinese EV makers are winning in Brazil
On the streets of Rio de Janeiro, it’s not hard to spot the latest sign of China’s growing global auto ambitions. Electric vehicles from Chinese brands like BYD and Great Wall Motor have been flowing in. “There are a lot of Chinese cars on the streets,” said EV owner Sérgio Ramalho. Brazil has become the… Continue reading How Chinese EV makers are winning in Brazil
Rivian beats Wall Street’s Q3 expectations, maintains guidance
Rivian electric SUV parked outside brick showroom on a sunny day, San Francisco, California, August 19, 2025. Smith Collection/gado | Archive Photos | Getty Images DETROIT – Rivian Automotive beat Wall Street’s expectations for the third quarter, as the company reported a its second quarterly gross profit this year thanks to a joint venture with… Continue reading Rivian beats Wall Street’s Q3 expectations, maintains guidance
Pure EV automakers Rivian, Lucid face growing challenges amid Q3 results
Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024. Justin Sullivan | Getty Images DETROIT — Challenges are mounting for all-electric vehicle manufacturers Rivian Automotive and Lucid Group as the companies try to sell investors on a brighter, more profitable future to come.… Continue reading Pure EV automakers Rivian, Lucid face growing challenges amid Q3 results
Luxury carmaker Ferrari beats third-quarter profit expectations as revenues jump
Ferrari technicians inspect supercars on the production line inside the company’s factory in Maranello, Italy, October 2, 2025. REUTERS/Remo Casilli/File Photo Remo Casilli | Reuters Luxury carmaker Ferrari on Tuesday reported stronger-than-expected third-quarter profit, with net revenues jumping more than 7% compared to the same period last year. The Maranello, Italy-based sports car manufacturer posted… Continue reading Luxury carmaker Ferrari beats third-quarter profit expectations as revenues jump
Norway’s mega wealth fund to reject Elon Musk’s $1 trillion Tesla pay package
Tesla CEO Elon Musk attends the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia, May 13, 2025. Hamad I Mohammed | Reuters Norway’s $2 trillion sovereign wealth fund said it will vote against Elon Musk’s trillion-dollar pay package at Tesla‘s annual shareholder meeting this week, rebelling against management guidance and threats from Musk to step down… Continue reading Norway’s mega wealth fund to reject Elon Musk’s $1 trillion Tesla pay package
Tesla faces widening federal probe into door handle safety issues
Tesla models Y and 3 are displayed at a Tesla showroom in Corte Madera, California, on Dec. 20, 2024. Justin Sullivan | Getty Images Tesla has been ordered to provide records to U.S. federal auto safety regulators to comply with a sweeping investigation into possible safety defects with the company’s flush-mounted, retractable door handles that… Continue reading Tesla faces widening federal probe into door handle safety issues
Ford, Hyundai report large declines in October EV sales after end of federal credits
Ford Mustang Mach-E EV vehicles at a Ford dealership in Los Angeles, California, US, on Thursday, Oct 16, 2025. Kyle Grillot | Bloomberg | Getty Images DETROIT — Sales of all-electric vehicles collapsed last month following the end of up to $7,500 in federal incentives for purchasing an EV, several automakers said Monday. Ford Motor,… Continue reading Ford, Hyundai report large declines in October EV sales after end of federal credits
Why Jeep and Ram parent Stellantis is investing $13 billion in the U.S.
Automaker Stellantis is making $13 billion bet on a U.S. comeback, after a rough 2024 and a $2.7 billion net loss in the first half of 2025. High prices and stale products scuttled what had been a highly successful first few years of the combined company. Stellantis was the product of a merger of French… Continue reading Why Jeep and Ram parent Stellantis is investing $13 billion in the U.S.