A Tesla vehicle is parked on West Executive Avenue near the White House and the Eisenhower Executive Office building in Washington, D.C., U.S., June 5, 2025. Jeff Mason | Reuters President Donald Trump is the latest Tesla owner to think about getting rid of his car after souring on Elon Musk. Trump is considering selling,… Continue reading Trump considers getting rid of his Tesla on heels of Elon Musk feud
Author: CNBC Online news
Used vehicle prices ease from tariff fear-buying highs but remain elevated
A Ford mustang is seen at a used car dealership in Montebello, California on May 5, 2025. Frederic J. Brown | AFP | Getty Images DETROIT — Used vehicle prices last month eased from their recent high in April as consumers who may have needed a vehicle but feared price hikes due to tariffs flocked… Continue reading Used vehicle prices ease from tariff fear-buying highs but remain elevated
Tesla stock climbs 5% as it tries to rebound from Trump-Musk argument rout
Tesla CEO Elon Musk wears a cap with the words “Gulf of America” as he attends a cabinet meeting held by U.S. President Donald Trump at the White House in Washington, D.C., U.S., April 30, 2025. Evelyn Hockstein | Reuters Tesla stock climbed more than 3% Friday after threats and insults between CEO Elon Musk… Continue reading Tesla stock climbs 5% as it tries to rebound from Trump-Musk argument rout
From bromance to bitter feud — a timeline of Trump and Musk’s relationship
U.S. President Donald Trump and Elon Musk attend a press event in the Oval Office of the White House in Washington, D.C., U.S., May 30, 2025. Nathan Howard | Reuters July 2024 Musk publicly endorses Trump following an assassination attempt at a campaign rally in Butler, Pennsylvania. Musk posts on social media platform X: “I… Continue reading From bromance to bitter feud — a timeline of Trump and Musk’s relationship
‘Car Wars’: Five auto insights investors should know from top BofA analyst
A worker at Ford’s Kentucky Truck Plant on April 30, 2025. Michael Wayland | CNBC DETROIT — The automotive industry is experiencing unprecedented disruption and uncertainty when it comes to regulations, electric vehicles, software innovations and competition from China. Such disruptions have been years in the making, but many of the issues are coming to… Continue reading ‘Car Wars’: Five auto insights investors should know from top BofA analyst
Ram resurrects Hemi engine for popular pickup trucks in ‘Symbol of Protest’
Michael Wayland / CNBC DETROIT — Stellantis said Thursday it is resurrecting its popular V-8 Hemi engine for its Ram 1500 full-size pickup trucks beginning this summer. The company discontinued the 5.7-liter engine amid tightening fuel economy regulations and a companywide push toward electric vehicles and more efficient engines last year under ex-Stellantis CEO Carlos… Continue reading Ram resurrects Hemi engine for popular pickup trucks in ‘Symbol of Protest’
Tesla loses $152 billion in market cap after Musk-Trump spat, biggest hit ever
Elon Musk reacts during a press event with U.S. President Donald Trump (not pictured), at the White House in Washington, D.C., U.S., May 30, 2025. Nathan Howard | Reuters Shares of Tesla fell 14% on Thursday as President Donald Trump threatened to pull government contracts for CEO Elon Musk‘s companies, escalating a war of words… Continue reading Tesla loses $152 billion in market cap after Musk-Trump spat, biggest hit ever
Involution or evolution? China wants to stop the EV price war, but analysts are doubtful
A worker checks a finished vehicle on the production line for electric vehicle maker Zeekr at its factory on May 29, 2025 in Ningbo, China. Kevin Frayer | Getty Images News | Getty Images BEIJING — As China’s electric vehicle price war intensifies, its top leaders have sounded the alarm with high-profile calls to halt… Continue reading Involution or evolution? China wants to stop the EV price war, but analysts are doubtful
Auto industry sounds the alarm as China’s rare earth curbs start to bite
Workers transporting soil containing rare earth elements for export at a port in Lianyungang, Jiangsu province, China, Oct. 31, 2010. Stringer | Reuters Automotive industry groups are increasingly worried about a rare earth shortage. Several European auto supplier plants and production lines have already been shut down due to China’s recent export controls, according to… Continue reading Auto industry sounds the alarm as China’s rare earth curbs start to bite
Uber adds Palo Alto CEO Nikesh Arora to its board after executive shakeup
Nikesh Arora, CEO of Palo Alto Networks, appears on CNBC’s “Squawk Box” at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Adam Galici | CNBC Nikesh Arora, the CEO of Palo Alto Networks, is joining Uber‘s board of directors, the company announced in a regulatory filing Wednesday. It comes amid a broader… Continue reading Uber adds Palo Alto CEO Nikesh Arora to its board after executive shakeup