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
Author: CNBC Online news
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
Nvidia, GM announce deal for AI, factories and next-gen vehicles
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., speaks during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Tuesday, March 18, 2025. David Paul Morris | Bloomberg | Getty Images General Motors and Nvidia have agreed to a strategic collaboration that includes the automaker using several products and artificial… Continue reading Nvidia, GM announce deal for AI, factories and next-gen vehicles
Tesla’s China rival Zeekr to roll out advanced driver assistance-system for free
The view from inside a Zeekr Mix electric vehicle at one of the company’s showrooms in Shanghai, China, on March 16, 2025. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese electric car company Zeekr is releasing advanced driver-assistance capabilities to its local customers for free as competition heats up, Zeekr CEO Andy An told… Continue reading Tesla’s China rival Zeekr to roll out advanced driver assistance-system for free
Cadillac expects one of every three vehicle sales to be EVs in 2025
2025 Cadillac Escalade IQ Michael Wayland / CNBC SAN FRANCISCO — Cadillac expects roughly one of every three vehicles it sells in the U.S. this year to be all-electric models, as the automaker continues to expand its EV lineup despite industrywide slower-than-expected adoption of the vehicles. The General Motors luxury brand is expected to offer… Continue reading Cadillac expects one of every three vehicle sales to be EVs in 2025
BYD’s shares rally after rolling out new technology it claims charges EVs in five minutes
watch now Shares of China’s BYD rallied on Tuesday after the company announced a new technology that it claims can charge electric vehicles (EV) almost as quickly as it takes to fill a gasoline car. BYD’s Hong Kong-listed shares jumped more than 6% shortly after the open, notching a new a 52-week high. The stock,… Continue reading BYD’s shares rally after rolling out new technology it claims charges EVs in five minutes
Ferrari car buyers are getting younger. CEO says 40% of new clients are now under 40
The Ferrari F50 at Salon Prive London, held at the Royal Chelsea Hospital. Martyn Lucy | Getty Images News | Getty Images Ferraris are becoming increasingly popular among younger buyers, with the CEO of the luxury automaker revealing that 40% of new buyers are now under the age of 40. That reflects a significant upswing… Continue reading Ferrari car buyers are getting younger. CEO says 40% of new clients are now under 40
Trump’s war on Biden’s climate policy is creating a new form of EV range anxiety
Frederic J. Brown | Afp | Getty Images Ownership of electric vehicles continues to rise in the U.S., with nearly six million battery electric vehicles and plug-in hybrids currently on the road. Even though that’s still a fraction of the overall market and the growth rate of EV sales has slowed, automakers remain invested in… Continue reading Trump’s war on Biden’s climate policy is creating a new form of EV range anxiety
After Elon Musk’s Delaware exit, state lawmakers weigh bill to overhaul corporate law
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 Tesla CEO Elon Musk turned Delaware’s corporate law into a… Continue reading After Elon Musk’s Delaware exit, state lawmakers weigh bill to overhaul corporate law
Elon Musk’s SpaceX, Tesla lobby Trump trade representative on tariffs
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 Two companies led by billionaire DOGE chief Elon Musk — SpaceX and Tesla — have submitted letters lobbying the U.S. trade representative on Trump administration tariff policies. But… Continue reading Elon Musk’s SpaceX, Tesla lobby Trump trade representative on tariffs