Elon Musk walks on Capitol Hill on the day of a meeting with Senate Republican Leader-elect John Thune (R-SD), in Washington, U.S. December 5, 2024. Benoit Tessier | Reuters House Democrats Jim McGovern of Massachusetts and Rosa DeLauro of Connecticut say their Republican colleagues in Congress caved to the demands of Elon Musk, sinking a… Continue reading House Democrats say GOP caved to Musk in funding bill, protecting his China interests
Author: CNBC Online news
What tariffs mean for car prices: ‘There’s no such thing as a 100% American vehicle,’ auto expert says
Professionalstudioimages | E+ | Getty Images President-elect Donald Trump has been vocal about potentially raising tariffs on imported goods, which experts say could bump up car prices. Trump has talked about implementing an additional 10% tariff on Chinese imported goods, as well as adding tariffs of 25% on all products from Mexico and Canada. On… Continue reading What tariffs mean for car prices: ‘There’s no such thing as a 100% American vehicle,’ auto expert says
Elon Musk endorses far-right Alternative for Germany party in upcoming election
Tesla CEO and X owner Elon Musk gestures behind protective glass during a rally for Republican presidential nominee and former U.S. president Donald Trump, at the site of the July assassination attempt against Trump, in Butler, Pennsylvania, U.S., October 5, 2024. Carlos Barria | Reuters Tesla CEO Elon Musk, a meagdonor and adviser to President-elect… Continue reading Elon Musk endorses far-right Alternative for Germany party in upcoming election
Tesla reverses losses to turn higher in a volatile week for the EV stock
Tesla electric vehicles are parked in a parking lot at the Tesla Gigafactory Berlin-Brandenburg plant. Patrick Pleul | Picture Alliance | Getty Images Tesla on Friday reversed losses from earlier in the day to turn higher, as the electric vehicle maker’s shares looked to wrap up a volatile week of trading. Shares were up 0.7%… Continue reading Tesla reverses losses to turn higher in a volatile week for the EV stock
Tesla shares sink 8%, giving up some gains from post-election pop
A Tesla Cybertruck is parked outside of a dealership on November 14, 2024 in Austin, Texas. Brandon Bell | Getty Images Tesla shares sank more than 8% on Wednesday, notching their steepest drop since before Donald Trump’s election victory last month, which sparked a sharp rally in the stock. Tesla closed at $440.13, and is… Continue reading Tesla shares sink 8%, giving up some gains from post-election pop
Stellantis further delays electric Ram pickup to prioritize plug-in ‘EREV’ model
2025 Ram 1500 Ramcharger Tungsten Ram DETROIT — Stellantis said Wednesday it will further delay an all-electric Ram pickup from 2025 until 2026, as the automaker confronts slower-than-expected adoption of EVs and competitors struggle to make profits on electric trucks. The decision to delay the full battery-electric model, which had already been postponed from this… Continue reading Stellantis further delays electric Ram pickup to prioritize plug-in ‘EREV’ model
U.S. auto sales next year expected to be best since 2019
A sale sign is seen at car dealer Serramonte Subaru in Colma, California. Stephen Lam | Reuters DETROIT — U.S. new vehicle sales are expected to rise next year to their highest level since 2019, led by lower interest rates and improving affordability, according to industry analysts. Cox Automotive expects new light-duty vehicle sales to… Continue reading U.S. auto sales next year expected to be best since 2019
Here’s what a blockbuster Nissan-Honda merger could mean for the auto industry
Nissan Motor CEO Makoto Uchida (L) listens to Honda Motor CEO Toshihiro Mibe (R) attend a joint press conference on March 15, 2024 in Tokyo, Japan. Tomohiro Ohsumi | Getty Images News | Getty Images Top Japanese carmakers Nissan Motor and Honda Motor are understood to be exploring a blockbuster merger, sending shock waves through the global automotive… Continue reading Here’s what a blockbuster Nissan-Honda merger could mean for the auto industry
CNBC Daily Open: Stocks are still staying alive despite the Dow’s 9-day losing streak
Traders work at the New York Stock Exchange on Dec. 17, 2024. NYSE This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to… Continue reading CNBC Daily Open: Stocks are still staying alive despite the Dow’s 9-day losing streak
Nissan shares notch best day in at least 40 years after reports on potential mega merger with Honda
Makoto Uchida (L), president and CEO of Japanese auto maker Nissan, shakes hands with Toshihiro Mibe (R), director, president and representative executive officer of auto maker Honda, following a press conference in Tokyo on August 1, 2024. Richard A. Brooks | Afp | Getty Images Nissan Motor shares saw a record surge Wednesday following a media… Continue reading Nissan shares notch best day in at least 40 years after reports on potential mega merger with Honda