U.S. President Donald Trump and Tesla CEO Elon Musk, alongside Musk’s son X Æ A-Xii, speak to the press as they stand next to a Tesla vehicle on the South Portico of the White House in Washington, D.C., on March 11, 2025. Mandel Ngan | AFP | Getty Images Tesla shares popped 5.3% after CEO… Continue reading Tesla stock pops after Trump comments on China tariffs and Powell, despite weak earnings
Author: CNBC Online news
Auto groups lobby Trump administration against parts tariffs in rare unified message
Jamell Harris loads raw casting heads to be manufactured at the Stellantis Dundee Engine Complex on August 18, 2022 in Dundee, Michigan. Bill Pugliano | Getty Images DETROIT – Six of the top policy groups representing the U.S. automotive industry are uncharacteristically joining forces to lobby the Trump administration against 25% tariffs on auto parts… Continue reading Auto groups lobby Trump administration against parts tariffs in rare unified message
Tesla reports 20% drop in auto revenue as first-quarter results miss Wall Street estimates
Tesla CEO Elon Musk wears a ‘Trump Was Right About Everything!’ hat, as he, U.S. Trade Representative Jamieson Greer and Central Intelligence Agency Director John Ratcliffe attend a cabinet meeting at the White House, in Washington, D.C., U.S., March 24, 2025. Carlos Barria | Reuters Tesla reported a miss on the top and bottom lines… Continue reading Tesla reports 20% drop in auto revenue as first-quarter results miss Wall Street estimates
5 European stocks to watch this earnings season as Trump’s tariffs hit
watch now Investors are entering 2025’s first-quarter earnings season with a huge cloud of uncertainty hanging over them — thanks primarily to U.S. President Donald Trump’s tariffs. The scale of duties announced in April, along with the volatility injected by subsequent updates and reversals in policy, have so far exceeded even the most bearish forecasts.… Continue reading 5 European stocks to watch this earnings season as Trump’s tariffs hit
Tesla shares tumble ahead of first-quarter earnings report
SpaceX CEO Elon Musk attends a cabinet meeting held by U.S. President Donald Trump at the White House on March 24, 2025. Win McNamee | Getty Images Tesla shares fell almost 6% on Monday, a day ahead of the electric vehicle company’s first-quarter earnings report, as analysts fret over “ongoing brand erosion.” The stock closed… Continue reading Tesla shares tumble ahead of first-quarter earnings report
Read Hertz CEO’s letter to employees about Bill Ackman’s ‘significant’ stake in the rental car firm
A Hertz Tesla electric vehicle is displayed during the Hertz Corporation IPO at the Nasdaq Market site in Times Square in New York City, U.S., November 9, 2021. Brendan Mcdermid | Reuters Hertz Global CEO Gil West is “encouraged” and “energized” by prominent investor Bill Ackman taking a “significant” position in the post-bankrupt rental car… Continue reading Read Hertz CEO’s letter to employees about Bill Ackman’s ‘significant’ stake in the rental car firm
Hertz shares surge more than 50% after Bill Ackman takes big stake in the rental car firm
Bill Ackman, Pershing Square Capital Management CEO, speaking at the Delivering Alpha conference in NYC on Sept. 28th, 2023. Adam Jeffery | CNBC Bill Ackman’s Pershing Square took a sizable stake in Hertz, the rental-car company that exited from bankruptcy four years ago, sparking a big rally. Shares of Hertz surged 56% on Wednesday after a… Continue reading Hertz shares surge more than 50% after Bill Ackman takes big stake in the rental car firm
Nissan aims to ‘max out’ U.S. production plant amid Trump’s tariffs
FILE PHOTO: The American flag flutters at a Nissan automobile dealership in Irvine, California, U.S., March 27, 2025. Mike Blake | Reuters Nissan Motor’s new Americas leader said the automaker is aiming to “max out” production at its largest American production plant amid President Donald Trump’s 25% auto tariffs. Christian Meunier, who started as chairman… Continue reading Nissan aims to ‘max out’ U.S. production plant amid Trump’s tariffs
Why Tesla’s turn to robots has divided Wall Street
In just a decade, Tesla grew its electric vehicle sales from 32,000 units to 1.8 million — making it, for most of that stretch, the world’s largest seller of pure EVs. But while it was aggressively ramping up EV production, the company was also changing its mission. In 2006, CEO Elon Musk said Tesla’s purpose… Continue reading Why Tesla’s turn to robots has divided Wall Street
Lyft to buy taxi app Free Now for $200 million to expand into Europe
Lyft logo is seen in this illustration taken June 27, 2022. Dado Ruvic | Reuters U.S. ride-hailing firm Lyft on Wednesday announced that it’s buying European taxi app Free Now in a 175 million euro ($199 million) deal. The company said that the acquisition — Lyft’s first in Europe — is expected to close in… Continue reading Lyft to buy taxi app Free Now for $200 million to expand into Europe