Elon Musk speaks near a Falcon 9 rocket during his announcement that Japanese billionaire Yusaku Maezawa will be the first private passenger who will fly around the Moon aboard the SpaceX BFR launch vehicle. DAVID MCNEW | AFP | Getty Images Elon Musk told a San Francisco federal court on Monday that he could have sold… Continue reading Elon Musk testifies he would have sold SpaceX stock to take Tesla private in 2018
Author: CNBC Online news
Elon Musk defends his old tweets in securities fraud trial in San Francisco
Alex Spiro, attorney to Elon Musk, center, departs court in San Francisco, California, US, on Tuesday, Jan. 17, 2023. Benjamin Fanjoy | Bloomberg | Getty Images Tesla CEO Elon Musk appeared in a San Francisco federal court on Friday to defend tweets he posted to his tens of millions of followers in August 2018. The tweets… Continue reading Elon Musk defends his old tweets in securities fraud trial in San Francisco
GM, LG end plans for fourth U.S. battery cell plant as automaker seeks new partner
GM CEO and Chairman Mary Barra and LG Chem Vice Chairman and CEO Hak-Cheol Shin at the automaker’s battery lab in Warren, Mich., where the companies announced a new $2.6-billion joint venture on Dec. 5, 2019. GM DETROIT – General Motors and LG Energy Solution have indefinitely shelved plans to build a fourth battery cell… Continue reading GM, LG end plans for fourth U.S. battery cell plant as automaker seeks new partner
GM to invest $918 million in new V-8 gas engines and EV components
Line workers work on the chassis of full-size General Motors pickup trucks at the Flint Assembly plant on June 12, 2019 in Flint, Michigan. JEFF KOWALSKY / AFP / Getty Images FLINT, Mich. — General Motors plans to invest nearly $1 billion in four U.S. plants to support production of components for electric vehicles as… Continue reading GM to invest $918 million in new V-8 gas engines and EV components
Tesla will ‘keep blowing our minds’ despite Elon Musk’s distractions, shareholder Tencent says
A Tesla store in Changzhou, China, in April 2022. Tencent, known as one of the world’s largest gaming and social media firms, invested in Tesla in 2017, taking a 5% stake for around $1.78 billion. Sheldon Cooper | Sopa Images | Lightrocket | Getty Images Tesla will “keep blowing our minds” with technology even while… Continue reading Tesla will ‘keep blowing our minds’ despite Elon Musk’s distractions, shareholder Tencent says
Even with used-car prices falling, buyers are still paying more than $7,100 above ‘normal,’ report finds
Fotostorm | E+ | Getty Images There’s still a ways to go before used car prices come back down to earth. While prices were 8.8% lower in December from a year earlier, consumers continue to pay more for used cars than they would if typical depreciation expectations were in play, according to car-shopping app CoPilot,… Continue reading Even with used-car prices falling, buyers are still paying more than $7,100 above ‘normal,’ report finds
Why GM’s new Chevy Corvette is a hybrid and not an all-electric car
watch now DETROIT – General Motors’ future may be in all-electric vehicles, but it still needs its current models to pay the bills to allow it to invest in those new products. That’s one of the reasons why the automaker on Tuesday revealed the 2024 Chevrolet Corvette E-Ray – the first-ever “electrified,” or hybrid, version… Continue reading Why GM’s new Chevy Corvette is a hybrid and not an all-electric car
Hertz is bringing thousands of EVs and chargers to the city of Denver in a broad new partnership
Tesla Model 3 electric vehicles at a Hertz airport location. Photo by E.R. Davidson Hertz is teaming up with the city of Denver — and soon, it hopes, with other cities — to build out its charging infrastructure to support the ongoing transition to electric vehicles. The partnership is a big step toward helping rental… Continue reading Hertz is bringing thousands of EVs and chargers to the city of Denver in a broad new partnership
GM reveals new Chevy Corvette E-Ray hybrid sports car, starting at over $104,000
watch now DETROIT – General Motors’ first-ever “electrified” Corvette will be available later this year starting at more than $104,000, the automaker said Tuesday. The vehicle also will be all-wheel drive, another first for the quintessential American sports car. The carmaker said the E-Ray, which GM first confirmed to CNBC last year, will be the… Continue reading GM reveals new Chevy Corvette E-Ray hybrid sports car, starting at over $104,000
Toyota is investing $35 billion into EVs. But some say it may be too late.
The world’s largest automaker, Toyota, is battling criticism that it is not moving fast enough to reduce carbon emissions. Some even say it is opposing climate-mitigation efforts. But the automaker says it does believe in an all-electric future. It just maintains that future will not reach all of Toyota’s markets at the same time. related investing… Continue reading Toyota is investing $35 billion into EVs. But some say it may be too late.