Tesla CEO Elon Musk sat down for a sprawling interview with CNBC anchor David Faber on Tuesday following Tesla’s 2023 annual shareholder meeting in Austin, Texas. The full interview is available to PRO subscribers here. During the course of their approximately hourlong conversation, Musk reflected on: How he has managed a takeover of Twitter so… Continue reading Elon Musk talks Tesla, Twitter, and why he tweets freely — even if it costs him money
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Tesla 2023 shareholder meeting: Musk says Tesla will try advertising
In an aerial view, Tesla Corporate Headquarters are seen on January 03, 2023 in Travis County, Texas. Brandon Bell | Getty Images Tesla CEO Elon Musk addressed shareholders at the company’s annual meeting on Tuesday, predicting the economy would pick up after 12 months and promising the company would deliver production Cybertrucks later this year.… Continue reading Tesla 2023 shareholder meeting: Musk says Tesla will try advertising
Ex-Apple employee accused of stealing trade secrets is exec at Baidu self-driving car joint venture
Visitors look at a Jidu Robo-01 electric SUV during the 20th Guangzhou International Automobile Exhibition at Canton Fair Complex on Dec. 30, 2022 in Guangzhou, China. Zou Wei | Visual China Group | Getty Images On Tuesday, the U.S. government accused a former Apple employee, Weibao Wang, of stealing trade secrets from the company’s self-driving… Continue reading Ex-Apple employee accused of stealing trade secrets is exec at Baidu self-driving car joint venture
Tesla CEO Elon Musk says he must approve all new hires in internal email
SpaceX, Twitter and electric car maker Tesla CEO Elon Musk meets with France’s President Emmanuel Macron (L) at the Elysee presidential palace in Paris on May 15, 2023. Ludovic Marin | Afp | Getty Images Tesla CEO Elon Musk sent an email to “everybody” at his electric vehicle maker on Monday, expressing concern over the… Continue reading Tesla CEO Elon Musk says he must approve all new hires in internal email
Cramer says Club portfolio is positioned to buy market dips. Here’s where investors can look
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 Monday’s key moments. 1. Be ready to buy Wall Street was mixed to flat in late-morning trading Monday. President Joe Biden seems optimistic about a debt ceiling deal. He called congressional leaders back… Continue reading Cramer says Club portfolio is positioned to buy market dips. Here’s where investors can look
Elon Musk still needs ‘Twitter sitter,’ judges rule
SpaceX owner and Tesla CEO Elon Musk at the E3 gaming convention in Los Angeles, California, June 13, 2019. Mike Blake | Reuters Tesla CEO Elon Musk lost an appeal to unwind parts of a consent decree that he and the automaker struck with the Securities and Exchange Commission to settle civil securities fraud charges… Continue reading Elon Musk still needs ‘Twitter sitter,’ judges rule
Americans are keeping their cars longer amid sky-high prices, rising interest rates
Cars, trucks, SUVs, and other vehicles drive in traffic on the 405 freeway through the Sepulveda Pass in Los Angeles, California, on August 25, 2022. Patrick T. Fallon | AFP | Getty Images DETROIT — The average age of passenger vehicles on U.S. roadways climbed to a record this year, as car owners hold on… Continue reading Americans are keeping their cars longer amid sky-high prices, rising interest rates
Post-Covid, post-bankruptcy Hertz is all-in on electric, with big implications for the EV, auto and rideshare market
Tesla Model 3 electric vehicles at a Hertz neighborhood location. Hertz Consumers may be on the fence about whether it’s yet time to buy EVs, but car-rental giant Hertz Global Holdings has made the leap. Markets boosted shares of Estero, Fla.-based Hertz after its recent earnings report, as first-quarter revenue hit $2 billion and per-share… Continue reading Post-Covid, post-bankruptcy Hertz is all-in on electric, with big implications for the EV, auto and rideshare market
Automakers find a tax credit loophole to increase EV leasing and boost sales
Dave Walters of Orange County, California, stands by his newly leased Hyundai Ioniq 5 electric vehicle. Provided by Dave Walters Fed up with high gas prices and enticed by federal tax credits, Dave Walters decided he wanted an all-electric Hyundai Ioniq 5 for his next vehicle. The Orange County, California, resident initially thought about purchasing… Continue reading Automakers find a tax credit loophole to increase EV leasing and boost sales
Polestar to cut 10% of workforce as delays push upcoming SUV to 2024
Polestar 3 Courtesy: Polestar Swedish electric vehicle maker Polestar on Thursday trimmed its full-year production guidance, saying that its upcoming Polestar 3 SUV will be delayed until 2024 because of software issues. The company also said it will cut about 10% of its workforce to reduce costs. Shares fell sharply following the news and ended… Continue reading Polestar to cut 10% of workforce as delays push upcoming SUV to 2024