A Carvana glass tower sits illuminated in Oak Brook, Illinois, Feb. 23, 2022. Armando L. Sanchez | Tribune News Service | Getty Images Carvana has reached a debt restructuring agreement that will reduce the used car retailer’s total debt outstanding by more than $1.2 billion, the company said Wednesday. Carvana said the agreement will eliminate… Continue reading Carvana shares jump 40% on deal to reduce debt by $1.2 billion
Author: CNBC Online news
A key bank stock soars, but Cramer sticks to his discipline
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. Watch Morgan Stanley Hold Eli Lilly Buy Ford 1. Watch Morgan Stanley Bank stocks climbed higher Tuesday, as Club holding Morgan Stanley (MS) delivered an earnings beat. Equities more broadly… Continue reading A key bank stock soars, but Cramer sticks to his discipline
Jim Cramer explains Ford’s electric vehicle price cuts
watch now CNBC’s Jim Cramer on Monday analyzed Ford Motor‘s move to slash prices for its electric F-150 Lightning pickup truck. Cramer said he thinks the price cuts are due at least in part to the novelty of EVs wearing off for many Americans. Ford announced on Monday it would cut prices for all versions… Continue reading Jim Cramer explains Ford’s electric vehicle price cuts
Here are the questions we have for Ford and its CEO Jim Farley about their latest EV price cuts
We’re raising our eyebrows at Ford ‘s (F) new price cuts on its popular electric pick-up truck. The move appears to challenge the automaker’s claims that the F-150 Lightning is in high demand. Ford announced Monday it will cut prices on the Lightning between 7% and 17% depending on the model. The base, which was… Continue reading Here are the questions we have for Ford and its CEO Jim Farley about their latest EV price cuts
GM redesigns Chevy Traverse crossover, adds hands-free driving technology
2024 Chevrolet Traverse LANSING, Mich. – General Motors on Monday revealed a redesigned version of its popular Chevrolet Traverse crossover with a more truck-like appearance that the company hopes will attract new buyers. The 2024 Chevy Traverse’s exterior features a more sculptured design than the smoother outgoing model. It also adds an off-road-inspired Z71 model… Continue reading GM redesigns Chevy Traverse crossover, adds hands-free driving technology
Elizabeth Warren urges SEC to investigate Tesla over Twitter ties, corporate governance
Electric car maker Tesla CEO Elon Musk meets with French Minister for the Economy and Finances Bruno Le Maire on the sidelines of the 6th edition of the “Choose France” Summit at the Chateau de Versailles, outside Paris on May 15, 2023. Ludovic Marin | Pool | Via Reuters Sen. Elizabeth Warren, D-Mass., sent a letter… Continue reading Elizabeth Warren urges SEC to investigate Tesla over Twitter ties, corporate governance
Ford cuts prices on its electric F-150 Lightning pickups by as much as $10,000
A Ford F-150 Lightning on display at the New York Auto Show, April 13, 2022. Scott Mlyn | CNBC Ford Motor on Monday cut prices for its electric F-150 Lightning pickup, saying its efforts to boost production and lower costs for battery minerals have paid off. Ford said prices for some of the least expensive… Continue reading Ford cuts prices on its electric F-150 Lightning pickups by as much as $10,000
New York City taxis fight for survival against Uber and Lyft
New York City’s yellow taxis have been a symbol of the metropolis for decades. But taxi drivers only make up about 10% of the total driver landscape in the city — giving way to Uber and Lyft. While this is in large part due to consumer choice and the ease of ordering a ride-share car,… Continue reading New York City taxis fight for survival against Uber and Lyft
Elon Musk plans Tesla and Twitter collaborations with xAI, his new startup
Elon Musk announced his new company xAI which he says has the goal to understand the true nature of the universe. Jaap Arriens | Nurphoto | Getty Images Tesla CEO Elon Musk said on Friday that he plans for his newest venture, the artificial intelligence startup xAI, to collaborate with the automaker both on the… Continue reading Elon Musk plans Tesla and Twitter collaborations with xAI, his new startup
Lucid’s second quarter deliveries fell short of estimates amid demand concerns
Visitors walk at the Lucid Air during the Mobile World Congress 2023 (MWC), the telecom industry’s biggest annual gathering on February 28, 2023 in Barcelona, Spain. Chris Jung | Nurphoto | Getty Images Luxury electric vehicle maker Lucid Group said Wednesday that it delivered 1,404 of its Air sedans to customers in the second quarter,… Continue reading Lucid’s second quarter deliveries fell short of estimates amid demand concerns