A Lucid Air electric vehicle (EV) at the company’s showroom in Tysons, Virginia, US, on Saturday, Feb. 17, 2024. Samuel Corum | Bloomberg | Getty Images Lucid Group on Tuesday softened its production outlook for the rest of the year as it reported second-quarter earnings that missed Wall Street expectations. The electric vehicle maker now… Continue reading Lucid softens full-year production forecast as EV maker misses second-quarter estimates
Author: CNBC Online news
Tesla sales in Britain and Germany fall by more than 55% as China’s BYD soars
Tesla vehicles are parked outside of a dealership on July 24, 2025 in Austin, Texas. Brandon Bell | Getty Images Tesla‘s new car sales plummeted in both Britain and Germany in July, according to industry data published Tuesday, extending a protracted European downturn for the U.S. electric automaker. Data published by the U.K.’s Society of… Continue reading Tesla sales in Britain and Germany fall by more than 55% as China’s BYD soars
Noted Tesla analyst Adam Jonas moving into new role at Morgan Stanley
Adam Jonas, Morgan Stanley auto analyst. CNBC Noted Morgan Stanley auto research analyst Adam Jonas will be stepping into a new role at the firm. Save for a brief stint as a researcher at a European competitor, Jonas has been with Morgan Stanley (and predecessor firm Dean Witter) since graduating from college, eventually working his… Continue reading Noted Tesla analyst Adam Jonas moving into new role at Morgan Stanley
Tesla awards Musk $29 billion in shares with prior pay package in limbo
watch now Tesla‘s board has awarded CEO Elon Musk an interim pay package of 96 million shares, according to a filing out Monday, which would be worth about $29 billion. The company said in the filing that Musk’s new package will include shares that vest in two years as long as he continues as CEO… Continue reading Tesla awards Musk $29 billion in shares with prior pay package in limbo
Baidu plans to expand its robotaxis to Europe with Lyft deal
Cheng Xin | Getty Images Baidu will bring its driverless taxis to Europe next year via a partnership with U.S. ridehailing firm Lyft, as the Chinese tech giant looks to expand its autonomous vehicles globally. The robotaxis will initially be deployed in the U.K. and Germany from 2026 with the aim to have “thousands” of… Continue reading Baidu plans to expand its robotaxis to Europe with Lyft deal
China’s BYD breaks delivery growth streak as EV price war reshapes competition
Despite a July slowdown, BYD retains its lead in China’s competitive EV market. Anna Barclay | Getty Images News | Getty Images China’s largest EV maker BYD posted its first monthly delivery decline this year, amid stiff competition from a price war that has attracted attention from policymakers in Beijing. While other major Chinese electric… Continue reading China’s BYD breaks delivery growth streak as EV price war reshapes competition
Tesla must pay portion of $329 million in damages after fatal Autopilot crash, jury says
Tesla vehicles are parked outside of a dealership on July 24, 2025 in Austin, Texas. Brandon Bell | Getty Images A jury in Miami has determined that Tesla should be held partly liable for a fatal 2019 Autopilot crash, and must compensate the family of the deceased and an injured survivor a portion of $329 million… Continue reading Tesla must pay portion of $329 million in damages after fatal Autopilot crash, jury says
Tesla Autopilot plaintiffs seek $345 million in damages over fatal crash in Florida
A Tesla vehicle passes the Wilkie D. Ferguson Jr. U.S. Courthouse as jury selection began in connection with allegations regarding the safety of Tesla’s autopilot system on July 14, 2025 in Miami, Florida. Joe Raedle | Getty Images Tesla is facing a crucial verdict in a personal injury trial over a fatal Autopilot crash in… Continue reading Tesla Autopilot plaintiffs seek $345 million in damages over fatal crash in Florida
Elon Musk’s plan to build Boring Co. tunnels in Nashville sparks partisan feud
Elon Musk has expanded a number of his companies within Texas, including Tesla, SpaceX, the Boring Co. and Neuralink. Tesla broke ground on a lithium refinery in Texas earlier this year with Governor Greg Abbott in attendance. Christophe Gateau | Picture Alliance | Getty Images Elon Musk’s tunneling venture, The Boring Company, announced plans earlier… Continue reading Elon Musk’s plan to build Boring Co. tunnels in Nashville sparks partisan feud
Ford reinstates full-year outlook, including $2 billion tariff hit
The Ford display is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBC Ford Motor reported second-quarter revenue that beat expectations Wednesday, and reinstated its full-year guidance, which includes an estimated net $2 billion hit from tariffs. The automaker suspended its full-year guidance in May due to President… Continue reading Ford reinstates full-year outlook, including $2 billion tariff hit