Elon Musk, CEO of SpaceX and Tesla, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, June 16, 2023. Chesnot | Getty Images Tesla CEO Elon Musk thinks the automaker’s market capitalization is directly tied to whether the automaker is able to solve autonomous driving,… Continue reading Elon Musk says Tesla’s market cap is directly tied to whether it solves autonomous driving
Author: CNBC Online news
Auto insurers are raising rates, even as car prices ease. ‘The pandemic has been really disruptive to the auto repair business,’ economist says
Simon2579 | E+ | Getty Images More wrecks, fewer shops mean higher premiums Average motor vehicle insurance prices rose by 17.1% in May versus a year ago, according to the consumer price index. That’s among the largest annual increases of any consumer good or service, bested only by prices for margarine, frozen vegetables, motor vehicle… Continue reading Auto insurers are raising rates, even as car prices ease. ‘The pandemic has been really disruptive to the auto repair business,’ economist says
‘You have to be ready for a sell-off,’ Cramer says of this highly overbought market
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 Friday’s key moments. Be ready for a sell-off Stick with Ford Don’t invest based on fear 1. Be ready for a sell-off U.S. stocks rose Friday, adding to strong weekly performances for all… Continue reading ‘You have to be ready for a sell-off,’ Cramer says of this highly overbought market
Stellantis to reveal its first Europe-made affordable electric vehicle
Citroen CEO Thierry Koskas poses next to an electric concept car on June 14, 2023. Joel Saget | Afp | Getty Images Stellantis, the third-largest carmaker in the world by revenue, will reveal its first European-made, affordable electric car in mid-October. The new Citroën e-C3 model will have a 320-kilometre range and a 57-minute “fast… Continue reading Stellantis to reveal its first Europe-made affordable electric vehicle
Elon Musk met with Italy Prime Minister to talk A.I., birth rates, as hunt for new factory location continues
Tesla CEO Elon Musk. Ludovic Marin | Afp | Getty Images Elon Musk met with Italy Prime Minister Giorgia Meloni on Thursday and discussed the risks of artificial intelligence and birth rates, among other topics, the Italian leader tweeted Thursday. The Tesla CEO landed in Rome on Thursday on a flight from Austin, Texas, according… Continue reading Elon Musk met with Italy Prime Minister to talk A.I., birth rates, as hunt for new factory location continues
Mercedes-Benz and Microsoft to test ChatGPT in vehicles
The Mercedes-Benz EQS SUV. Mercedes-Benz Mercedes-Benz and Microsoft are partnering to test in-car ChatGPT artificial intelligence, available to more than 900,000 vehicles in the U.S., the companies announced Thursday. The luxury automaker said the emerging technology will be used for audio requests through its Hey Mercedes voice assistant, which is expected to greatly expand the… Continue reading Mercedes-Benz and Microsoft to test ChatGPT in vehicles
Twitter has suspended the accounts of a prominent Tesla and Elon Musk critic, PlainSite founder Aaron Greenspan
Elon Musk, CEO of Tesla, speaks with CNBC on May 16th, 2023. David A. Grogan | CNBC Twitter suspended the accounts of PlainSite and its founder Aaron Greenspan, a prolific Tesla and Elon Musk critic, on Tuesday afternoon. PlainSite is an online database that makes state and federal court filings and other public records available… Continue reading Twitter has suspended the accounts of a prominent Tesla and Elon Musk critic, PlainSite founder Aaron Greenspan
Toyota stock having best week since 2009 after annual meeting, new EV goals
Akio Toyoda, Chairman of Toyota Motor Corp. Yoshikazu Tsuno | Gamma-rapho | Getty Images DETROIT – Toyota Motor’s stock is having its best week since 2009 following the company disclosing plans for its next-generation electric vehicles and shareholders voting in favor of its new leadership, including former CEO Akio Toyoda as chairman. Shares of Toyota on… Continue reading Toyota stock having best week since 2009 after annual meeting, new EV goals
Tesla’s U.S. electric vehicle market share will drop to 18% by 2026, BofA estimates
Tesla Chief Executive Officer Elon Musk gets in a Tesla car as he leaves a hotel in Beijing, China May 31, 2023. Tingshu Wang | Reuters Tesla’s share of the U.S. electric vehicles market will drop to 18% by 2026, Bank of America analysts estimated in a note Tuesday. That would be a significant drop… Continue reading Tesla’s U.S. electric vehicle market share will drop to 18% by 2026, BofA estimates
Shell CEO says EV charging stations in China are hot, predicts ‘robust’ oil and gas demand
In this aerial view, cars line up to refuel before the price rises at a Shell gas station in Wuhan, the capital of the Hubei province in China, June 14, 2022. Getty Images | Getty Images News | Getty Images British energy giant Shell is boosting its oil and gas production to book profits in the near… Continue reading Shell CEO says EV charging stations in China are hot, predicts ‘robust’ oil and gas demand