watch now Electric vehicle maker Tesla is cutting prices in the United States and throughout Europe again, according to listings on the company’s website on Thursday night in the U.S. Tesla did not respond to a request for comment on what motivated it to slash prices this week. However, the move in the U.S. may… Continue reading Tesla cuts prices in the U.S. and Europe to stoke sales after lackluster year-end deliveries
Author: CNBC Online news
Porsche sees small uptick in global sales despite big drop in Taycan EV
Porsche shares rose in their stock market debut Thursday, in one of the biggest public offerings in Europe ever. Bloomberg | Getty Images Porsche managed to increase its global deliveries last year by 2.6% despite worldwide supply chain issues that crippled other carmakers as well as sales of its first all-electric car. The German sports… Continue reading Porsche sees small uptick in global sales despite big drop in Taycan EV
Electric luxury-car maker Lucid produced more vehicles in 2022 than expected
With 1,050 horsepower, the new Grand Touring Performance edition becomes the most powerful version of Lucid’s electric Air sedan. Lucid Motors Electric luxury vehicle maker Lucid Group said it produced just over 7,100 vehicles in 2022, slightly more than expected. The company told investors in August to expect production of between 6,000 and 7,000 vehicles… Continue reading Electric luxury-car maker Lucid produced more vehicles in 2022 than expected
Tesla plans to spend more than $770 million on Texas factory expansion
A giant cowboy boot is on display outside the Tesla Giga Texas manufacturing facility during the “Cyber Rodeo” grand opening party on April 7, 2022 in Austin, Texas. Suzanne Cordeiro | AFP | Getty Images Tesla has registered with the state of Texas to expand its electric vehicle factory in Austin this year. January filings… Continue reading Tesla plans to spend more than $770 million on Texas factory expansion
Used vehicle prices are falling but not enough to offset grossly inflated levels
A salesman walks past used Toyota Motor vehicles at the Brent Brown Toyota dealership in Orem, Utah, on Monday, April 6, 2020. George Frey | Bloomberg via Getty Images DETROIT — Used vehicle prices are expected to come down further this year amid rising interest rates and improved availability of new cars and trucks, according… Continue reading Used vehicle prices are falling but not enough to offset grossly inflated levels
Rolls-Royce sees record sales in 2022, no slowdown in spending by the wealthy
Rolls-Royce sold a record number of cars in 2022 as demand for its $500,000 vehicles remained strong, despite recession fears, according to CEO Torsten Muller-Otvos. “We haven’t seen any slowdown or downturn,” Muller-Otvos told CNBC. “We haven’t seen any negative impact.” Rolls-Royce delivered 6,021 cars last year, up 8% over 2021 and the first time… Continue reading Rolls-Royce sees record sales in 2022, no slowdown in spending by the wealthy
India is learning to love electric vehicles — but they’re not cars
Bollywood actor and promoter of the startup Ultraviolette Automotive Private Limited, Dulquer Salmaan (C) along with the founders, Chief Executive Officer Narayan Subramaniam (R) and Chief Technology Officer Niraj Rajmohan pose for a photograph during the unveiling of F77, India’s first high performance electric motorcycle designed and developed by the company, in Bangalore on November… Continue reading India is learning to love electric vehicles — but they’re not cars
Tesla breaks into America’s bestselling cars list for 2022, but trucks still dominate
A Tesla Model Y on display inside a Tesla store at the Westfield Culver City shopping mall in Culver City, California, U.S., on Thursday, April 14, 2022. Bing Guan | Bloomberg | Getty Images DETROIT — Pickup trucks again led America’s top-selling vehicles last year, but Tesla broke into the top 10 for the first… Continue reading Tesla breaks into America’s bestselling cars list for 2022, but trucks still dominate
Elon Musk attorneys aim to move trial from California to Texas, citing ‘local negativity’
Tesla CEO Elon Musk speaks at an event in Hawthorne, California April 30, 2015. Patrick T. Fallon | Reuters Attorneys for Tesla and Elon Musk are asking a federal judge in San Francisco to move, or delay, a forthcoming trial from Northern California to Western Texas, saying they won’t be able to find unbiased jurors… Continue reading Elon Musk attorneys aim to move trial from California to Texas, citing ‘local negativity’
Automakers are cautiously optimistic for a 2023 rebound after worst new vehicle sales in more than a decade
New Jeeps on display at a New York City car dealership on Oct. 5, 2021. Spencer Platt | Getty Images DETROIT — Automakers are hopeful last year’s new vehicle sales — the worst in more than a decade — will mark a bottom for the market, at least in the near term. Industry estimates range… Continue reading Automakers are cautiously optimistic for a 2023 rebound after worst new vehicle sales in more than a decade