Elon Musk, CEO of SpaceX and Tesla, attends the Viva Technology conference at the Porte de Versailles exhibition center in Paris on June 16, 2023. Gonzalo Fuentes | Reuters Tesla reported a 16% decline in automotive revenue as sales fell for a second straight quarter and again trailed analysts’ estimates. Here’s how the company did,… Continue reading Tesla reports sales miss as auto revenue drops for second straight quarter
Author: CNBC Online news
Uber will let women drivers and riders request to avoid being paired with men starting next month
Nisian Hughes | Getty Images Uber announced a new feature Wednesday that pairs women drivers and riders, in its latest move to address safety on the ride-hailing platform. The new tool, which the platform will begin piloting next month in the U.S., allows women passengers to match with women drivers when booking or pre-booking rides,… Continue reading Uber will let women drivers and riders request to avoid being paired with men starting next month
Germany’s auto giants rally as U.S.-Japan trade deal raises hopes of a tariff breakthrough
Vehicles are assembled on a line at the BMW plant in Leipzig. Picture Alliance | Picture Alliance | Getty Images Shares of Europe’s top carmakers jumped on Wednesday after the U.S. and Japan’s blockbuster trade agreement raised hopes of a tariff breakthrough for other major exporters. In a post on social media platform Truth Social,… Continue reading Germany’s auto giants rally as U.S.-Japan trade deal raises hopes of a tariff breakthrough
Japan auto stocks soar on report of lower tariffs — Toyota jumps over 15%
Recently imported brand new unregistered Honda cars are parked in a storage yard at the Port of Bristol on January 15, 2025 near Bristol, England. Anna Barclay | Getty Images Shares of Japanese automakers surged after Japanese Prime Minister Shigeru Ishiba said that U.S. auto tariffs were lowered to 15% from the current 25%, Reuters… Continue reading Japan auto stocks soar on report of lower tariffs — Toyota jumps over 15%
GM says EVs are its ‘North Star’ as legacy automaker chases Tesla
The Chevrolet display is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBC While Tesla remains the No. 1 electric vehicle manufacturer in the U.S. by a wide margin, General Motors said on Tuesday it has secured the No. 2 position and believes it has an “inherent advantage”… Continue reading GM says EVs are its ‘North Star’ as legacy automaker chases Tesla
Tesla Diner: Photos show opening of Musk’s futuristic California drive-in
People dine inside during the opening of the Tesla Diner and drive-in restaurant and supercharger on Santa Monica Blvd. in the Hollywood neighborhood of Los Angeles on July 21, 2025. Patrick T. Fallon | Afp | Getty Images Elon Musk‘s flagship Tesla Diner opened Monday in Hollywood, California, and the CEO is already eyeing expansion.… Continue reading Tesla Diner: Photos show opening of Musk’s futuristic California drive-in
These charts show just how hard Trump’s tariffs are hitting Europe’s auto giants
This photograph shows the front logo of a car at the new Citroen C5 Aircross’ production line in the Stellantis car maker plant in Chartres-de-Bretagne, near Rennes, western France, on July 3, 2025. Damien Meyer | Afp | Getty Images U.S. President Donald Trump‘s tariffs on European car imports were always expected to hit hard… Continue reading These charts show just how hard Trump’s tariffs are hitting Europe’s auto giants
GM reports $1.1 billion tariff impact as automaker works to ‘greatly reduce’ exposure
watch now General Motors reported second-quarter earnings Tuesday that beat Wall Street’s estimates and affirmed its full-year guidance, despite ongoing uncertainty from President Donald Trump‘s auto tariffs. Shares of the company fell 8%. While automakers have been hoping for relief on tariffs, Trump’s 25% levies on imported vehicles and many auto parts remain in effect.… Continue reading GM reports $1.1 billion tariff impact as automaker works to ‘greatly reduce’ exposure
Jeep maker Stellantis warns of a shock $2.7 billion loss as tariffs bite
New Ram vehicles sit on a Dodge Chrysler-Jeep Ram dealership’s lot in Miami, Florida. Joe Raedle | Getty Images Auto giant Stellantis expects a net loss of 2.3 billion euros ($2.68 billion) in the first half of the year amid pre-tax net charges and early effects of U.S. tariffs, the company said Monday in its… Continue reading Jeep maker Stellantis warns of a shock $2.7 billion loss as tariffs bite
Chinese companies are waging fierce price wars — but the consumer isn’t always the winner
A store in a shopping mall in Beijing on Aug. 7, 2024. Pedro Pardo | Afp | Getty Images Fierce price wars in China are hitting industries from cars to food deliveries to solar panels, squeezing profits and worsening the country’s deflationary slide. Though consumers may be lured by ultra-cheap deals, the trade-offs for them… Continue reading Chinese companies are waging fierce price wars — but the consumer isn’t always the winner