SpaceX CEO Elon Musk gestures during a rally on the inauguration day of U.S. President Donald Trump’s second Presidential term, inside Capital One, in Washington, U.S. Jan.20, 2025. Mike Segar | Reuters Tesla’s fourth-quarter earnings report lands just over a week after President Donald Trump began his second term in the White House, with Elon… Continue reading Tesla investors want Elon Musk to answer questions about ‘salute,’ role in Trump White House
Author: CNBC Online news
Norway is set to become the first country to fully transition to electric vehicles
Oslo Taxi’s Tesla model Y (L) and the NIO ET5 electric vehicle from Nio Inc, a Chinese multinational electric car manufacturer, drive through the Norwegian capital Oslo, on September 27, 2024. Jonathan Nackstrand | Afp | Getty Images Norway is set to become the first country in the world to effectively erase gasoline and diesel… Continue reading Norway is set to become the first country to fully transition to electric vehicles
GM stock falls even as company beats analyst expectations on earnings
watch now DETROIT — General Motors stock fell more than 8% in trading Tuesday even as the company beat Wall Street’s top- and bottom-line expectations for the fourth quarter, while forecasting continued strong results for 2025. Concerns of Wall Street analysts on the company’s quarterly earnings call focused on the automaker’s preparation for changes under the… Continue reading GM stock falls even as company beats analyst expectations on earnings
Why this China-made BYD Shark pickup is drawing attention in the global truck market
BYD Shark plug-in hybrid electric pickup truck Michael Wayland / CNBC DETROIT — There’s a Shark circling one of the greatest profit pools for American automakers globally, as Chinese automaker BYD Auto expands its reach and product portfolio with a pickup truck. Without the vehicle’s branding badge, the BYD Shark could pass as an American-made… Continue reading Why this China-made BYD Shark pickup is drawing attention in the global truck market
Tesla starts sales of revamped Model Y in U.S. for about $60,000
André Thierig, plant manager of the Tesla Gigafactory Berlin-Brandenburg, stands at the final inspection of the production of Tesla Model Y electric vehicles. Patrick Pleul | Picture Alliance | Getty Images Tesla will start deliveries of a revamped version of its Model Y SUV in the U.S. in March, according to new listings on the… Continue reading Tesla starts sales of revamped Model Y in U.S. for about $60,000
Shares of cash-strapped Nikola nosedive on report of potential sale
U.S. Nikola’s logo is pictured at an event held to present CNH’s new full-electric and Hydrogen fuel-cell battery trucks in partnership with U.S. Nikola event in Turin, Italy, December 3, 2019. Massimo Pinca | Reuters DETROIT – Shares of Nikola closed Thursday down 27.8% after a report that the embattled electric truck maker is exploring… Continue reading Shares of cash-strapped Nikola nosedive on report of potential sale
GM reveals new performance Cadillac Lyriq as it plans to lead EV luxury sales in 2025
2026 Cadillac Lyriq-V DETROIT – General Motors on Thursday revealed a new $80,000 performance version of its all-electric Cadillac Lyriq, as the Detroit automaker targets becoming the top-selling luxury EV brand this year in the U.S. Cadillac expects to achieve that target with an expanding lineup of electric vehicles such as the performance Lyriq-V, Escalade… Continue reading GM reveals new performance Cadillac Lyriq as it plans to lead EV luxury sales in 2025
Stellantis chairman details planned U.S. investments for Jeep, Ram to Trump
Stellantis Chairman John Elkann speaks during the presentation of the new Fiat Panda as Fiat celebrates the 125th anniversary of its brand in Turin, Italy, July 11, 2024. Massimo Pinca | Reuters DETROIT — Stellantis Chairman John Elkann detailed several upcoming plans the trans-Atlantic automaker has for U.S. investments when meeting with President Donald Trump… Continue reading Stellantis chairman details planned U.S. investments for Jeep, Ram to Trump
Trump says he’s open to TikTok sale to Elon Musk or Larry Ellison
The TikTok short form video hosting service logo is seen on a mobile device in this illustration photo taken in Warsaw, Poland on 17 July, 2024. Jaap Arriens | Nurphoto | Getty Images President Donald Trump said on Tuesday that he’d consider the possibility of Tesla CEO Elon Musk or Oracle Chairman Larry Ellison purchasing… Continue reading Trump says he’s open to TikTok sale to Elon Musk or Larry Ellison
Tesla brand value shed $15 billion in 2024 with aging lineup, Musk at helm, researchers found
New Tesla cars are displayed at a Tesla dealership on December 20, 2024 in Corte Madera, California. Justin Sullivan | Getty Images The value of Tesla’s brand fell by 26% in 2024, a second straight annual decline, with factors including an aging lineup of vehicles, and CEO Elon Musk’s “antagonism,” according to research and consulting… Continue reading Tesla brand value shed $15 billion in 2024 with aging lineup, Musk at helm, researchers found