Tesla shares will fall significantly because the company will not be profitable in 2019, according to UBS.
Author: CNBC Online news
GM owners can make money off their Buicks with Maven car-sharing service
SeongJoon Cho | Bloomberg | Getty Images Chevrolet Bolt electric vehicles (EV) stand on display during the press day of the Seoul Motor Show in Goyang, South Korea Traditionally, car-sharing services like Maven or Car2Go have to set up their own vehicle networks, which is a costly undertaking. Since it was established in 2016, Maven… Continue reading GM owners can make money off their Buicks with Maven
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General Motors is prepared to raise prices to offset commodity price jump
Raw materials are getting pricier for General Motors, and a new car could soon cost you more, too.
Tesla explains why it asked some suppliers for retroactive discounts
Tesla has responded to a report in the Wall Street Journal Sunday that the company asked a supplier last week to return a “meaningful amount of money of its payments since 2016.”
Automakers push back on EU tariff plan, saying there’s no evidence imports affect national security
Auto executives pushed back Thursday on the Trump administration’s proposal to dramatically raise tariffs on auto imports from the EU.
Here’s why Tesla’s Model 3 may face declining demand, despite Elon Musk’s claims
Recently, Elon Musk lashed out at a new analysis claiming that nearly a quarter of the more than 400,000 advance reservations for Tesla‘s Model 3 battery-sedan have been canceled.
Fiat Chrysler replaces CEO Marchionne amid health struggles, ending impressive near 10-year run
Sergio Marchionne, the maverick auto executive who created and oversaw nearly a decade of post-bailout growth at Fiat Chrysler, has been replaced as CEO amid ongoing health struggles.
Waymo’s self-driving cars log 1 million miles on public roads in a month
Waymo, the Alphabet self-driving car company that was spun out of Google, is picking up speed.
Tesla to unveil new model in St. Louis
Tesla said they have received nearly a half-million reservations for the new model. The Model 3 also was awarded Design of the Year by Automobile Magazine and designated a “recommended buy” by Consumer Reports. Read more from the St. Louis Business Journal: Rental scooters off St. Louis streets — for now How likely are you… Continue reading Tesla to unveil new model in St. Louis
Tesla shares fall after Needham downgrades to sell, citing possible increase in Model 3 cancellations
Tesla shares fell on Thursday after Needham & Co downgraded the stock to sell from hold, citing a possible pick-up in Model 3 cancellations.