VCG | Getty Images A Tesla Model 3 car is on display during the Auto China 2018 at China International Exhibition Center on April 25, 2018 in Beijing, China. Tesla said in a second quarter earnings update on Wednesday that it has repeatedly produced 5,000 Model 3 electric sedans in a week. Previously, the company… Continue reading Tesla hits Model 3 production goals, plans to churn out
6,000 weekly by end of August
Author: CNBC Online news
From selfies to drunken driving, teens pick up bad driving habits from parents, auto insurer says
Parents who speed, take selfies while behind the wheel and drive under the influence of alcohol produce teenage drivers who adopt the same bad habits, a new study by Liberty Mutual Insurance suggests.
Elon Musk trolls billionaire betting against Tesla: ‘Will send Einhorn a box of short shorts’
Alberto E. Rodriguez | Getty Images Elon Musk, co-founder and chief executive officer of Tesla Inc. David Einhorn’s hedge fund Greenlight Capital said the firm’s bet against Tesla shares “was our second biggest loser” in the most recent quarter. The billionaire also said in the Greenlight letter he was “happy that his Model S lease… Continue reading Elon Musk trolls billionaire betting against Tesla: ‘Will
send Einhorn a box of short shorts’
Here’s what seven experts had to say about the future of Tesla and Elon Musk
Tesla‘s future is a hotly debated topic. And even more so after Elon Musk’s recent outbursts on Twitter and headlines that the electric car company is asking suppliers for refunds.
The future of Ferrari under the Marlboro man
Getty Images Sergio Marchionne, Chief Executive Officer, Fiat Chrysler Automobiles is viewed next to a Ferrari after ringing the Closing Bell on the floor of the New York Stock Exchange (NYSE) on October 13, 2014 in New York City. Friends and colleagues of Camilleri, who requested anonymity because they aren’t authorized to speak for him… Continue reading The future of Ferrari under the Marlboro man
Avis now offering rental car discounts to Amazon customers
Luke Sharrett | Bloomberg | Getty Images A customer boards an Avis Budget Group Inc. shuttle bus at the Denver International Airport (DEN) in Denver, Colorado, U.S., on Wednesday, Oct. 28, 2015. Avis Budget Group is now rewarding Amazon customers for renting its cars. Now, when Amazon customers book an Avis vehicle, they will receive… Continue reading Avis now offering rental car discounts to Amazon
customers
Here’s what Tesla needs to do to convince investors it’s financially stable: Analysts
Tesla’s stock fell 3.3 percent Monday after it was reported that the electric car company asked suppliers for a refund of a portion of its payment.
Waymo strikes deals with Walmart, others to boost access to self-driving cars
Brendan McDermid | Reuters Waymo unveils a self-driving Chrysler Pacifica minivan in Detroit, Michigan, U.S. on January 8, 2017. Waymo, the Alphabet company that spun out of Google’s former self-driving car division, is partnering with some of the country’s largest companies to expand how many people have access to its self-driving vehicles.
Wednesday was a bad day for Detroit’s automakers
Steel and aluminum prices have risen since the Trump administration imposed tariffs on the two key raw materials for the car manufacturing, steel and aluminum. Those costs could run even higher as President Donald Trump ratchets up his global trade war. Trump said Wednesday that he was working with European Commission President Jean-Claude Juncker toward… Continue reading Wednesday was a bad day for Detroit’s automakers