HONG KONG, CHINA – JANUARY 05: A general view of the BYD Auto showroom on January 5, 2026, in Hong Kong, China. (Photo by Sawayasu Tsuji/Getty Images) Sawayasu Tsuji | Getty Images News | Getty Images BEIJING — Chinese electric car giant BYD reported a nearly two-year low in local sales in January, signaling mounting… Continue reading China’s EV slowdown persists as BYD posts near two-year low in sales
Author: CNBC Online news
Get the first look at the R2, Rivian’s $45,000 SUV. CEO RJ Scaringe gave CNBC an early peek
All-electric vehicle maker Rivian is dealing with a lot: the end of federal support for EVs, a surge in hybrid vehicle sales and a rate of cash burn that still alarms investors, among other things. The company also has relatively low production and delivery numbers, but Rivian CEO RJ Scaringe told CNBC in a December… Continue reading Get the first look at the R2, Rivian’s $45,000 SUV. CEO RJ Scaringe gave CNBC an early peek
‘Muskonomy’ shakeup: SpaceX valuation approaches Tesla’s after merger with xAI
Elon Musk waves to the crowd during the 56th annual World Economic Forum (WEF) meeting in Davos, Switzerland, January 22, 2026. Denis Balibouse | Reuters Elon Musk’s move to combine SpaceX with his cash-burning artificial intelligence venture xAI signals a changing of the guard within his corporate empire. Tesla has been the source of Musk’s… Continue reading ‘Muskonomy’ shakeup: SpaceX valuation approaches Tesla’s after merger with xAI
Here’s who analysts expect to gain from India’s U.S. and EU trade deals
watch now The trade pact between India and the U.S. — which will see tariffs on Indian exports lowered to 18% from 25% — comes less than a week after India reached a major free trade agreement with the EU. Announcing the deal in a TruthSocial post, Trump said India had agreed to cease buying… Continue reading Here’s who analysts expect to gain from India’s U.S. and EU trade deals
How the EV pullback is affecting factories and jobs in the South
For most of the past two decades, the majority of electric vehicle-related investments have gone to Republican-led districts, especially in the Southeast. With the industry pulling back from electric cars and trucks, the fate of those investments is now an open question. Automakers and battery makers invested more $200 billion in EV and battery manufacturing… Continue reading How the EV pullback is affecting factories and jobs in the South
Epstein files show Elon Musk apparently discussed plans to visit sex offender’s island, host him at SpaceX
Elon Musk looks on as President Donald Trump speaks at the US-Saudi Investment Forum at the John F. Kennedy Center for the Performing Arts in Washington, Nov. 19, 2025. Brendan Smialowski | Afp | Getty Images A cache of newly released documents from the Epstein files on Friday showed Elon Musk apparently corresponded with the… Continue reading Epstein files show Elon Musk apparently discussed plans to visit sex offender’s island, host him at SpaceX
Ford to record $600 million pretax pension charge in fourth quarter
A 2025 Ford Lightning electric vehicle (EV) at a Ford dealership in Antioch, California, US, on Thursday, Dec. 18, 2025. David Paul Morris | Bloomberg | Getty Images DETROIT — Ford Motor said it will report pretax charges of $600 million in its fourth-quarter results due to adjustments in its employee pension plans and other… Continue reading Ford to record $600 million pretax pension charge in fourth quarter
New cars are increasingly becoming a luxury amid K-shaped economy concerns
A General Motors Co. Chevrolet Blazer electric vehicle at a dealership in Colma, California, Jan. 23, 2026. David Paul Morris | Bloomberg | Getty Images DETROIT — American consumers are hitting a fork in the road when it comes to the U.S. automotive industry. Affluent buyers are purchasing new vehicles at increasingly higher prices, while… Continue reading New cars are increasingly becoming a luxury amid K-shaped economy concerns
Elon Musk’s $20 billion spending plan signals ‘Tesla of yesterday is gone’
watch now At Tesla’s factory in Fremont, California, the automaker plans to make robots instead of its older cars, as it gears up to spend $20 billion this year to fund what it views as a business transformation. “Forget the Tesla you knew,” wrote analysts at Canaccord Genuity, in a note following Tesla’s fourth-quarter earnings… Continue reading Elon Musk’s $20 billion spending plan signals ‘Tesla of yesterday is gone’
Tesla sold $430 million worth of its Megapack backup batteries to Musk’s xAI in 2025
Elon Musk announced his new company xAI which he says has the goal to understand the true nature of the universe. Jaap Arriens | Nurphoto | Getty Images Tesla sold $430 million worth of its giant backup batteries called Megapacks to xAI, Elon Musk’s artificial intelligence startup, in 2025, according to a filing on Thursday.… Continue reading Tesla sold $430 million worth of its Megapack backup batteries to Musk’s xAI in 2025