watch now South Korean conglomerate Hyundai on Monday announced a roughly $21 billion investment in U.S. onshoring that includes a $5.8 billion steel plant in Louisiana. The plant is set to hire more than 1,400 employees and will produce next-generation steel that will be used by Hyundai’s two U.S. auto plants to manufacture electric vehicles.… Continue reading South Korea’s Hyundai announces $21 billion U.S. investment
Author: CNBC Online news
Elon Musk tells Tesla employees ‘hang onto your stock,’ urges vandals to ‘stop being psycho’
Tesla CEO Elon Musk watches as President Donald Trump talks to the media, outside the White House in Washington, D.C., March 11, 2025. Kevin Lamarque | Reuters During Elon Musk’s two months in Washington, D.C., Tesla shares have been on a precipitous decline, losing over 40% of their value. Protests and campaigns against Tesla, Musk… Continue reading Elon Musk tells Tesla employees ‘hang onto your stock,’ urges vandals to ‘stop being psycho’
Elon Musk received court summons in SEC suit over failure to properly disclose Twitter stake
Tesla CEO Elon Musk looks on as US President Donald Trump speaks to the press as they stand next to a Tesla vehicle on the South Portico of the White House on March 11, 2025 in Washington, DC. Mandel Ngan | AFP | Getty Images Elon Musk received a court summons last week in connection… Continue reading Elon Musk received court summons in SEC suit over failure to properly disclose Twitter stake
Tesla owners are trading in their EVs at record levels, Edmunds says
A Tesla store in Alhambra, California on March 11, 2025. Frederic J. Brown | AFP | Getty Images As Elon Musk wraps up his second month in the White House, Tesla owners are trading in their electric vehicles at record levels, according to an analysis by national car shopping site Edmunds. The data from Edmunds published… Continue reading Tesla owners are trading in their EVs at record levels, Edmunds says
Trump floats sending Tesla attackers to El Salvador prisons as White House rallies to defend Musk
U.S. President Donald Trump and Tesla CEO Elon Musk shake hands in front of a Tesla Cybertruck, at the White House in Washington, D.C., U.S., March 11, 2025. Kevin Lamarque | Reuters President Donald Trump suggested Friday that people found guilty of attacking Tesla properties could serve their sentences in El Salvador prisons, sharply ramping… Continue reading Trump floats sending Tesla attackers to El Salvador prisons as White House rallies to defend Musk
‘Buy Tesla,’ Commerce chief Lutnick urges as Musk leads DOGE for Trump administration
Elon Musk, chief executive officer of Tesla Inc., from left, Howard Lutnick, US commerce secretary, walk on the South Lawn of the White House before boarding Marine One in Washington, DC, US, on Friday, March 14, 2025. Al Drago | Bloomberg | Getty Images Commerce Secretary Howard Lutnick urged the public to “buy Tesla” stock,… Continue reading ‘Buy Tesla,’ Commerce chief Lutnick urges as Musk leads DOGE for Trump administration
Auto suppliers face more dire circumstances than automakers amid Trump tariffs
US President Donald Trump arrives to speak about the United States – Mexico – Canada agreement, known as USMCA, during a visit to Dana Incorporated, an auto supplier manufacturer, in Warren, Michigan, January 30, 2020. Saul Loeb | Afp | Getty Images DETROIT — President Donald Trump‘s proposed tariffs on goods from Mexico and Canada would hit automotive… Continue reading Auto suppliers face more dire circumstances than automakers amid Trump tariffs
Why so many people are getting scam texts saying they have unpaid tolls
A rise in text messages telling people they have unpaid toll fees is emerging as the latest iteration of a ballooning form of fraud. It’s called “smishing” — a portmanteau of “phishing,” the practice of tricking people into sharing financial information or downloading malware, and “SMS,” the software protocol used for text messages. Scammers can… Continue reading Why so many people are getting scam texts saying they have unpaid tolls
Meta’s potential exit from Delaware had governor worried enough to call special weekend meetings
Meta CEO, Mark Zuckerberg and Tesla and SpaceX CEO, Elon Musk Manuel Orbegozo | Chip Somodevilla | Reuters After news broke on the last day of January that Meta might follow Elon Musk’s lead in exiting Delaware to incorporate in another state, Democratic Gov. Matt Meyer sprung into action. Delaware has long been the dominant… Continue reading Meta’s potential exit from Delaware had governor worried enough to call special weekend meetings
How 3D-printing ‘microfactories’ can transform plastic waste into brand new products
A new era of 3D printing “microfactories” is helping to turn waste plastics into “highly competitive” products fit for use in the construction industry, according to Veena Sahajwalla, professor and founding director of UNSW Sustainable Materials Research and Technology (SMaRT) Centre. Speaking to CNBC’s Mandy Drury at Schneider Electric’s Sydney Innovation Summit on Monday in… Continue reading How 3D-printing ‘microfactories’ can transform plastic waste into brand new products