Elon Musk announced his new company xAI which he says has the goal to understand the true nature of the universe. Jaap Arriens | Nurphoto | Getty Images Elon Musk’s xAI, the artificial intelligence startup trying to take on OpenAI, is facing scrutiny in Memphis, Tennessee, for alleged environmental violations at its data center. In a… Continue reading Elon Musk’s xAI is polluting air in Memphis, using more gas turbines than permitted, advocacy group says
Author: CNBC Online news
Tesla shares retreat following sharpest rally since 2013
Tesla CEO Elon Musk wears a ‘Trump Was Right About Everything!’ hat while attending a cabinet meeting at the White House, in Washington, D.C., U.S., March 24, 2025. Carlos Barria | Reuters Tesla shares slumped on Thursday, reversing course a day after the electric vehicle maker had its biggest gain on the market since 2013.… Continue reading Tesla shares retreat following sharpest rally since 2013
Freight orders surge on Trump tariffs trade whipsaw: ‘The ships are filling up’
watch now President Donald Trump’s decision to pause tariffs on trading partners around the globe may have eased some of the market’s worst fears, but the big swings in stocks and bonds that have continued in the markets match a pervasive feeling of uncertainty inside the supply chain amid whipsaw conditions in global trade. At… Continue reading Freight orders surge on Trump tariffs trade whipsaw: ‘The ships are filling up’
Tesla launches in Saudi Arabia amid Chinese competition and tumbling sales
Tesla Cybertruck Courtesy: Tesla Tesla, Inc. is debuting sales in Saudi Arabia, the oil-rich kingdom whose long desert highways are home to gas-guzzling SUVs — and where there are no chargers to be found for hundreds of miles. The American electric vehicle maker is hoping that success in neighboring countries like the United Arab Emirates… Continue reading Tesla launches in Saudi Arabia amid Chinese competition and tumbling sales
Autos, pharma, luxury and more: The global sectors soaring after Trump’s tariffs walkback
General view of the City of London skyline, the capital’s financial district. Sopa Images | Lightrocket | Getty Images Stock markets soared on Thursday, after U.S. President Donald Trump’s jarring about-turn on most tariffs, with sectors paring multi-day losses. Trump dramatically reversed course on the White House’s trade policies on Wednesday, dropping his country-specific tariffs down… Continue reading Autos, pharma, luxury and more: The global sectors soaring after Trump’s tariffs walkback
Chinese EV giant BYD expands in Europe with premium brand launch
A BYD Denza Z9 GT electric car on display in Hong Kong in February 2025. Ucg | Universal Images Group | Getty Images BEIJING — Chinese electric car giant BYD is pushing ahead into Europe, launching its premium Denza brand in the region despite rising trade tensions. The first model, the Z9GT, is set to… Continue reading Chinese EV giant BYD expands in Europe with premium brand launch
Canada’s 25% auto tariffs are in effect. Here’s how they differ from the U.S.
Trucks make their way to the Ambassador Bridge to cross into the United States at Detroit on April 1, 2025 in Windsor, Canada. Bill Pugliano | Getty Images DETROIT — Canada’s 25% auto tariffs took effect Wednesday on U.S.-produced vehicles and many parts in American cars and trucks, but the new levies differ in important… Continue reading Canada’s 25% auto tariffs are in effect. Here’s how they differ from the U.S.
Auto giants extend losses as Trump’s sweeping global tariffs take effect
A Volkswagen emblem, attached to a tower at the Volkswagen Osnabrück GmbH plant, can be seen behind a red traffic light. Picture Alliance | Picture Alliance | Getty Images Europe’s auto giants slipped on Wednesday, extending recent losses as U.S. President Donald Trump’s sweeping tariffs on dozens of countries came into effect — including a… Continue reading Auto giants extend losses as Trump’s sweeping global tariffs take effect
GM axing Cadillac XT6 crossover, extending production of another vehicle in Tennessee
A Cadillac XT6 vehicle is seen at the La Fontaine Cadillac dealership in Highland, Michigan, September 18, 2019. Rebecca Cook | Reuters DETROIT — General Motors is ending production this year of a gasoline-powered Cadillac crossover at a plant in Tennessee, while extending production of another vehicle at the facility, CNBC has learned. The Detroit… Continue reading GM axing Cadillac XT6 crossover, extending production of another vehicle in Tennessee
Drone delivery startup Zipline expands to Texas with Walmart partnership
A drone operator loads a Walmart package into Zipline’s P1 fixed-wing drone for delivery to a customer home in Pea Ridge, Arkansas, on March 30, 2023. Bunee Tomlinson Zipline, a startup that delivers everything from vaccines to ice cream via electric autonomous drones, expanded its service to the Dallas area on Tuesday through a partnership… Continue reading Drone delivery startup Zipline expands to Texas with Walmart partnership