A photo shows the logo on US electric carmaker Tesla’s European headquarters in Amsterdam on May 2, 2025. Ramon Van Flymen | Afp | Getty Images Elon Musk’s electric vehicle manufacturer and energy company Tesla is preparing to supply electricity to British households and businesses. The Texas-based company formally submitted its request for an electricity… Continue reading Elon Musk’s Tesla launches bid to supply electricity to British households
Author: CNBC Online news
Tesla Robotaxi scores permit to run ride-hailing service in Texas
In an aerial view, the Tesla headquarters is seen in Austin, Texas, on July 24, 2025. Brandon Bell | Getty Images Tesla has been granted a permit to run a ride-hailing business in Texas, allowing the electric vehicle maker to compete against companies including Uber and Lyft. Tesla Robotaxi LLC is licensed to operate a… Continue reading Tesla Robotaxi scores permit to run ride-hailing service in Texas
EV sales soar as Trump axes $7,500 tax credit: ‘People are rushing out’ to buy, analyst says
Halfpoint Images | Moment | Getty Images Consumers are racing to buy electric vehicles before a fast-approaching deadline to claim tax credits worth up to $7,500, according to auto analysts. Legislation championed by Republicans on Capitol Hill and signed by President Donald Trump in July eliminates the tax breaks — available for new, used and… Continue reading EV sales soar as Trump axes $7,500 tax credit: ‘People are rushing out’ to buy, analyst says
Dodge unveils additions to 2026 muscle car lineup: ‘It’s about choice’
2026 Dodge Durango SRT Hellcat Jailbreak in Green Machine (front). A Jailbreak Custom Color program will allow select Dodge customers to paint their Durango SRT Hellcat Jailbreak in nearly any color imaginable, including Stryker Purple (shown at rear). Courtesy: Dodge Stellantis subsidiary Dodge announced two new muscle cars on Friday, flexing its 2026 model year… Continue reading Dodge unveils additions to 2026 muscle car lineup: ‘It’s about choice’
Tesla exec leading development of chip tech and Dojo supercomputer is leaving company
Christina Locopo | CNBC Tesla’s vice president of hardware design engineering, Pete Bannon, is leaving the company after first joining in 2016 from Apple, CNBC has confirmed. Bannon was leading the development of Tesla’s Dojo supercomputer and reported directly to Musk. Bloomberg first reported on Bannon’s departure, and added that Musk ordered his team to… Continue reading Tesla exec leading development of chip tech and Dojo supercomputer is leaving company
Toyota, world’s largest carmaker, cuts annual profit forecast by over $4 billion as U.S. tariffs bite
A sign with the Toyota logo in Surrey, England on August, 2023 Peter Dazeley | Getty Images News | Getty Images Toyota Motor on Thursday cut its annual operating profit forecast as the world’s largest auto company by sales volumes grapples with U.S. auto tariffs. Here are Toyota’s results compared with the mean estimates from… Continue reading Toyota, world’s largest carmaker, cuts annual profit forecast by over $4 billion as U.S. tariffs bite
Amazon’s Zoox robotaxi unit clears regulatory hurdle, safety probe
Amazon’s Zoox robotaxi unit is ramping up vehicle production at a new facility in Hayward, California. Zoox Amazon‘s Zoox has cleared a key regulatory hurdle, paving the way for demonstrations of its self-driving robotaxis. The National Highway Traffic Safety Administration said Wednesday that it granted Zoox an exemption from some requirements, a first for U.S.-built… Continue reading Amazon’s Zoox robotaxi unit clears regulatory hurdle, safety probe
Uber beats on revenue, announces $20 billion stock buyback
watch now Uber reported second-quarter results on Wednesday that beat on revenue and announced the authorization of a $20 billion stock buyback. Here’s how the company did versus analysts’ estimates compiled by LSEG: Earnings per share: 63 cents vs. 63 cents expected. Revenue: $12.65 billion vs. $12.46 billion expected. Here are the key segment numbers: Mobility (gross bookings): $23.76 billion, up… Continue reading Uber beats on revenue, announces $20 billion stock buyback
Musk says Tesla is training an upgraded Full Self-Driving model which could be released next month
The Tesla Motors Inc. logo. Michael Short | Bloomberg | Getty Images Tesla is now training a new Full Self-Driving model boasting “big” video improvements and size upgrades, CEO Elon Musk said Wednesday on social media. “Tesla is training a new FSD model with ~10X params and a big improvement to video compression loss. Probably… Continue reading Musk says Tesla is training an upgraded Full Self-Driving model which could be released next month
Honda Motor quarterly profit halves, missing estimates as U.S. auto tariffs bite
A sign marks the location of a Honda dealership in Libertyville, Illinois, on Dec. 18, 2024. Scott Olson | Getty Images Japanese auto giant Honda‘s first-quarter operating profits fell 50% year over year on Wednesday, missing estimates due to U.S. auto tariffs and a stronger yen. Here are Honda’s results compared with the mean estimates… Continue reading Honda Motor quarterly profit halves, missing estimates as U.S. auto tariffs bite