A group of activists criticizing Elon Musk and Tesla’s policies hold a protest outside a Tesla dealership in London’s Park Royal district, on April 12, 2025 in United Kingdom. Anadolu | Anadolu | Getty Images U.S. electric vehicle maker Tesla has sharply cut its monthly lease fee for British motorists to boost weakening demand, The… Continue reading Elon Musk’s Tesla reportedly slashes UK monthly lease fee as sales plummet
Author: CNBC Online news
Why Bezos-backed Slate Automotive says it has cracked the code to affordable EVs
The Jeff Bezos-backed Slate Automotive says it can sell an American-made electric vehicle pickup truck for about half of the average transaction price in the U.S. Slate’s pitch is keep the vehicle as simple as possible to save on manufacturing costs, and then let owners add on and customize the truck however they want. The… Continue reading Why Bezos-backed Slate Automotive says it has cracked the code to affordable EVs
Cadillac unveils ‘Elevated Velocity’ electric crossover concept car
The Cadillac Elevated Velocity concept car. Courtesy: Cadillac General Motors on Thursday unveiled the Cadillac Elevated Velocity, a new concept car aimed at building up the brand’s all-electric luxury crossover segment. The electric concept car has a “lifted yet elegant design,” according to Cadillac, riding on 24-inch wheels. It includes multiple driving modes to enhance… Continue reading Cadillac unveils ‘Elevated Velocity’ electric crossover concept car
Monterey classic car auctions kick off, and sales expectations are tepid
A general view at Pebble Beach Concours d’Elegance on August 18, 2024 in Monterey, California. Since 1950, the annual Pebble Beach Concours d’Elegance has hosted the world’s most beautiful and expensive collectable cars on the Competition Field along Carmel Bay. Matt Jelonek | Getty Images News | Getty Images A version of this article appeared… Continue reading Monterey classic car auctions kick off, and sales expectations are tepid
Elon Musk’s xAI loses co-founder Igor Babuschkin, who’s leaving to start venture firm
Igor Babuschkin, co-founder of xAI, during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Tuesday, March 19, 2024. David Paul Morris | Bloomberg | Getty Images Igor Babuschkin, a founding member of Elon Musk’s xAI, said Wednesday that he’s leaving the artificial intelligence startup to launch his own venture firm. “Today… Continue reading Elon Musk’s xAI loses co-founder Igor Babuschkin, who’s leaving to start venture firm
Google faces loss of Chrome as Perplexity bid adds drama to looming breakup decision
Sundar Pichai, chief executive officer of Alphabet Inc., during a visit to the Google for Startups campus in Warsaw, Poland, on Thursday, Feb. 13, 2025. The EU has established a reputation globally for its aggressive regulation of major technology companies, including the likes of Apple and Google over antitrust concerns. Photographer: Damian Lemanski/Bloomberg via Getty… Continue reading Google faces loss of Chrome as Perplexity bid adds drama to looming breakup decision
Musk-Altman battle escalates as Tesla CEO drags Apple into the spat
Sam Altman, left, and Elon Musk. Muhammed Selim Korkutata | Anadolu | Getty Images There’s a new company at the center of the intensifying battle between Elon Musk and Sam Altman: Apple. Musk and Altman, who helped start OpenAI a decade ago with a group of other co-founders, had a public falling out that led… Continue reading Musk-Altman battle escalates as Tesla CEO drags Apple into the spat
Tesla is hiring robotaxi test drivers in New York City, but company hasn’t applied for permits
A Tesla robotaxi drives on the street along South Congress Avenue in Austin, Texas, U.S., June 22, 2025. Joel Angel Juarez | Reuters Tesla is recruiting test drivers in New York to operate cars with “automated driving systems,” but the company hasn’t applied for the permits it would need to test autonomous vehicles in the… Continue reading Tesla is hiring robotaxi test drivers in New York City, but company hasn’t applied for permits
Ford announces $2 billion investment in Louisville assembly plant aimed at cheap EVs
watch now Ford on Monday announced it would invest $2 billion in a Louisville, Kentucky, assembly plant aimed at rolling out more affordable electric vehicles. The investment comes on top of $3 billion already planned for a battery park in Michigan. Together the facilities will create or secure nearly 4,000 new jobs, Ford said in… Continue reading Ford announces $2 billion investment in Louisville assembly plant aimed at cheap EVs
Here’s what U.S. automakers are saying about Trump’s changing EV policies
Tesla electric vehicles at a charging station in Alhambra, California on March 11, 2025. Frederic J. Brown | AFP | Getty Images On President Donald Trump‘s first day in office, he signed an executive order aiming to eliminate the “electric vehicle mandate” and remove subsidies that favor EVs. Since then, his administration has taken steps… Continue reading Here’s what U.S. automakers are saying about Trump’s changing EV policies