Audi Activesphere EV concept Audi Audi’s new concept vehicle is an all-electric luxury SUV that uses augmented reality glasses and can double as a small pickup truck, signaling potential future technologies for the Volkswagen luxury brand. The rear glass of the “Activesphere” vehicle can slide forward, opening the flatbed trunk of the SUV and creating… Continue reading Audi’s new EV is a luxury SUV with augmented reality that doubles as a pickup
Author: CNBC Online news
Tesla shares pop on ‘better than feared’ earnings results, demand outlook
Elon Musk, chief executive officer of Tesla Inc., departs court in San Francisco, California, US, on Tuesday, Jan. 24, 2023. Marlena Sloss | Bloomberg | Getty Images Tesla shares rose nearly 11% Thursday, after beating on the top and bottom lines, despite mixed analyst sentiment about the electric-vehicle manufacturer’s outlook. Tesla cut prices at the… Continue reading Tesla shares pop on ‘better than feared’ earnings results, demand outlook
Elon Musk says a Chinese automaker will likely be second to Tesla: ‘They work the smartest’
Tesla CEO Elon Musk speaks at a delivery ceremony for Tesla China-made Model 3 in Shanghai, east China, Jan. 7, 2020. Ding Ting | Xinhua News Agency | Getty Images Elon Musk said that a Chinese automaker is likely to be the closest competitor to Tesla, while stressing the company is “winning in China” right… Continue reading Elon Musk says a Chinese automaker will likely be second to Tesla: ‘They work the smartest’
Toyota CEO and President Akio Toyoda to step down
Akio Toyoda, president and CEO of Toyota Motor Corp. Kiyoshi Ota | Bloomberg | Getty Images Toyota Motor‘s president and chief executive, Akio Toyoda, will step down from his post on April 1, to be succeeded by current Chief Branding Officer Koji Sato, the Japanese automaker said Thursday. Sato, 53, has been heading the Toyota… Continue reading Toyota CEO and President Akio Toyoda to step down
Demand for semitrucks is surging, and four companies stand to benefit
Semitruck makers have seen record demand for trucks in recent months and have pivoted from managing extremely tight supply constraints to filling orders now that parts are starting to flow more freely. “Demand for trucks is, I would say, unprecedented,” said David Carson, SVP of sales and marketing for Daimler Trucks North America. “We’ve seen… Continue reading Demand for semitrucks is surging, and four companies stand to benefit
Tesla reports record revenue and beats on earnings
A Tesla dealership in Colma, California, Jan. 26, 2022. David Paul Morris | Bloomberg | Getty Images Electric vehicle maker Tesla reported earnings after the bell, beating on both earnings and revenue. Shares were trading approximately flat after hours. Here are the results. Earnings (adjusted): $1.19 vs $1.13 per share expected, per Refinitiv Revenue: $24.32 billion vs… Continue reading Tesla reports record revenue and beats on earnings
Why the $7,500 EV tax credit may be tougher to get starting in March
Maskot | Maskot | Getty Images Getting a $7,500 tax break for the purchase of a new electric vehicle will likely get harder in a few months — meaning prospective buyers who want the financial incentive may wish to speed up their timeline. The Inflation Reduction Act, a historic climate law President Biden signed… Continue reading Why the $7,500 EV tax credit may be tougher to get starting in March
How Tesla’s price cuts could spur an EV pricing war
A Tesla showroom is seen in the City Center shopping center on January 17, 2023 in Washington, DC. Anna Moneymaker | Getty Images DETROIT — Tesla vehicles in the U.S. are seeing significant price cuts, and that’s proving to be a double-edged sword for the electric carmaker and the greater automotive industry. Tesla earlier this… Continue reading How Tesla’s price cuts could spur an EV pricing war
Tesla plans to spend $3.6 billion more on battery and truck manufacturing in Nevada
An aerial view of the Tesla Gigafactory near Sparks, Nevada Bob Strong | Reuters Tesla plans to spend $3.6 billion more on expanded battery and heavy duty truck manufacturing in Nevada, the company said Tuesday on social media. According to its public statements, Tesla intends to hire 3,000 more people across two new facilities eventually.… Continue reading Tesla plans to spend $3.6 billion more on battery and truck manufacturing in Nevada
Uber Freight cuts 150 jobs, about 3% of the unit’s head count
Uber Freight Uber Freight has laid off 150 employees, or about 3% of the segment’s total head count. The layoffs affect the division’s digital brokerage team, Uber Freight CEO Lior Ron said Monday in a message viewed by CNBC. They are the first layoffs since 2020, in the early weeks of Covid lockdowns. Uber launched its… Continue reading Uber Freight cuts 150 jobs, about 3% of the unit’s head count