Tesla CEO Elon Musk attends the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia, May 13, 2025. Hamad I Mohammed | Reuters Tesla stock fell nearly 7% on Monday after CEO Elon Musk announced plans to form a new political party. The electric vehicle company lost more than $68 billion in market cap. Musk said Saturday… Continue reading Tesla loses $68 billion in value after Elon Musk says he is launching a political party
Author: CNBC Online news
The CEO mindset is shifting. It’s no longer all about winning
Ayrton Senna driving the Marlboro McLaren during the Belgian Grand Prix in 1992. Pascal Rondeau | Hulton Archive | Getty Images CEOs today aren’t just steering companies — they’re navigating a minefield. From geopolitical shocks and economic volatility to rapid shifts in tech and consumer behavior, the playbook for leadership is being rewritten in real… Continue reading The CEO mindset is shifting. It’s no longer all about winning
Musk’s xAI scores permit for gas-burning turbines to power Grok supercomputer in Memphis
The Grok logo is being displayed on a smartphone with Xai visible in the background in this photo illustration on April 1, 2024. Jonathan Raa | Nurphoto | Getty Images Elon Musk’s xAI attained an official permit to power its supercomputer facility in Memphis, Tennessee, using natural gas-burning turbines, according to public records shared by the… Continue reading Musk’s xAI scores permit for gas-burning turbines to power Grok supercomputer in Memphis
New Stellantis CEO taps Kuniskis to oversee American brands, brings back SRT division
Tim Kuniskis, head of NAFTA Passenger Car Brands for Fiat Chrysler Automobiles NV, speaks during the reveal of the Fiat Chrysler 2018 Dodge Challenger SRT Demon sports vehicle ahead of the 2017 New York International Auto Show (NYIAS) in New York, U.S., on Tuesday, April 11, 2017. Mark Kauzlarich | Bloomberg | Getty Images New… Continue reading New Stellantis CEO taps Kuniskis to oversee American brands, brings back SRT division
Tesla reports 14% decline in vehicle deliveries, marking second straight year-over-year drop
watch now Tesla reported around 384,000 vehicle deliveries in the second quarter, a 14% decline from a year ago, and the second straight quarterly drop. The stock rose nearly 5% as the numbers were better than some analysts feared. The electric vehicle maker reported 443,956 deliveries and production of 410,831 vehicles during the same period last… Continue reading Tesla reports 14% decline in vehicle deliveries, marking second straight year-over-year drop
Xpeng defies China’s EV price war with steady sales as Tesla and local rivals try to keep pace
Chinese electric car company Xpeng displays its mass-market Mona M03 coupe inside a headquarters’ showroom in Guangzhou, China, on Aug. 26, 2024. CNBC | Evelyn Cheng BEIJING — Chinese electric car startup Xpeng is keeping up the sales momentum against its rivals, even as BYD expands on its market dominance amid a fierce price war… Continue reading Xpeng defies China’s EV price war with steady sales as Tesla and local rivals try to keep pace
Tesla shares drop on Musk, Trump feud ahead of Q2 deliveries
Elon Musk, chief executive officer of Tesla Inc., during a meeting between US President Donald Trump and Cyril Ramaphosa, South Africa’s president, not pictured, in the Oval Office of the White House in Washington, DC, US, on Wednesday, May 21, 2025. Jim Lo Scalzo | Bloomberg | Getty Images Tesla shares have dropped 7% from… Continue reading Tesla shares drop on Musk, Trump feud ahead of Q2 deliveries
Trump megabill axes $7,500 EV tax credit after September
Mike Kemp | In Pictures | Getty Images A massive tax-and-spending package championed by President Donald Trump and passed by the Senate on Tuesday would end tax credits for electric vehicles within three months. The legislation, which Republicans are trying to get to the president’s desk by July 4, would end tax breaks for consumers… Continue reading Trump megabill axes $7,500 EV tax credit after September
Ford sales jump 14% in the second quarter, well above industry forecast
watch now Ford sales rose 14.2% during the second quarter over the year-earlier period, about 10 times the estimated 1.4% industry increase, the automaker said Tuesday. New vehicle sales for the second quarter totaled 612,095, led in part by gains in its F-Series trucks and “electrified” vehicles, which includes hybrids and EVs. F-Series trucks saw… Continue reading Ford sales jump 14% in the second quarter, well above industry forecast
Tesla’s IPO was 15 years ago. The stock is up almost 300-fold since then
CEO of Tesla Motors Elon Musk waves after ringing the opening bell at the NASDAQ market in celebration of his company’s initial public offering in New York June 29, 2010. Brendan McDermid | Reuters At the time of Tesla’s IPO 15 years ago, the company had generated roughly $150 million in revenue in its lifetime.… Continue reading Tesla’s IPO was 15 years ago. The stock is up almost 300-fold since then