A drivers uses a Tesla Supercharging station in Corte Madera, California, US, on Thursday, March 2, 2023. David Paul Morris | Bloomberg | Getty Images Tesla cut prices on its two most expensive models in the U.S., the Model S and Model X, in a renewed bid to stoke demand for its cars with aggressive… Continue reading Tesla cuts Model S and Model X prices in the U.S. to stoke demand
Author: CNBC Online news
Tesla’s investor day featured 17 execs, taking Elon Musk out of the limelight
Elon Musk speaking at Tesla Investor Day. Courtesy: Tesla When Tesla CEO Elon Musk promoted a 2023 Investor Day event to be held on March 1, he promised to reveal his “Master Plan 3,” a long-term vision for the company’s next stage of growth. Last year, Musk said his new plan would include details on:… Continue reading Tesla’s investor day featured 17 execs, taking Elon Musk out of the limelight
What’s next for Disney and Ford? Here’s our view on the latest news on both Club stocks
Walt Disney (DIS) and Ford Motor (F) could both be at inflection points. Here’s the latest news on both Club holdings as of Thursday, and our take on where things stand. Disney could sell Hulu The news: In a research note this week, analysts at Citi argued there’s an increased likelihood Disney could sell its… Continue reading What’s next for Disney and Ford? Here’s our view on the latest news on both Club stocks
Tesla’s plan to slash silicon carbide use sends some chipmakers’ shares down
Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleu | Pool | via Reuters Shares in some chipmakers dipped on Thursday after electric vehicle maker Tesla said it plans to greatly reduce the use of silicon carbide transistors in… Continue reading Tesla’s plan to slash silicon carbide use sends some chipmakers’ shares down
Ford plans to restart production of the electric F-150 Lightning on March 13
Ford workers produce the electric F-150 Lightning pickup on Dec. 13, 2022 at the automaker’s Ford Rouge Electric Vehicle Center (REVC). Michael Wayland | CNBC DETROIT – Ford Motor plans to restart production of its electric F-150 Lightning pickup on March 13 – more than a month after a battery issue caused one of the… Continue reading Ford plans to restart production of the electric F-150 Lightning on March 13
Ford sales jump as supply chain issues improve
Ford Motor Co., CEO Jim Farley gives the thumbs up sign before announcing Ford Motor will partner with Chinese-based, Amperex Technology, to build an all-electric vehicle battery plant in Marshall, Michigan, during a press conference in Romulus, Michigan February 13, 2023. Rebecca Cook | Reuters DETROIT — Ford Motor’s February sales increased by more than… Continue reading Ford sales jump as supply chain issues improve
Tesla shares down nearly 6% after investor day despite positive analyst sentiment
Elon Musk speaking at Tesla Investor Day. Courtesy: Tesla Tesla shares continued sliding Thursday, a movement that began the prior day during the company’s investor day event, which provided investors with a long-term vision but lacked detail on new products or services. The electric vehicle manufacturer’s closed down Thursday over 5.8%, paring earlier losses, despite… Continue reading Tesla shares down nearly 6% after investor day despite positive analyst sentiment
Elon Musk is set to reveal ‘Master Plan Part 3’ at Tesla Investor Day after the bell
Elon Musk speaks at Tesla’s 2023 investor day on March 1. Screenshot Electric vehicle maker Tesla laid out its long-term vision at a 2023 Investor Day presentation in Austin, Texas, on Wednesday. CEO Elon Musk took the stage to share his “Master Plan 3,” and to discuss how Tesla plans to scale up in the… Continue reading Elon Musk is set to reveal ‘Master Plan Part 3’ at Tesla Investor Day after the bell
Aston Martin shares surge 14% on profitability forecast for 2023
The exterior of an Aston Martin store. Jeremy Moeller | Getty Images News | Getty Images LONDON — British luxury carmaker Aston Martin Lagonda forecasts better profitability this year, after widening its 2022 pretax losses on the back of a weakening U.K. currency. The company more than doubled year-on-year pretax losses to £495 million ($598… Continue reading Aston Martin shares surge 14% on profitability forecast for 2023
General Motors cuts 500 salaried employees
Mary Barra, CEO, GM at the NYSE, November 17, 2022. Source: NYSE DETROIT – General Motors is cutting hundreds of salaried positions as it follows other major companies, including competitors, in downsizing headcounts to preserve cash and boost profits. The cuts affect about 500 positions, according to a person familiar with the plans, which were… Continue reading General Motors cuts 500 salaried employees