Elon Musk, during a news conference with President Donald Trump, inside the Oval Office at the White House in Washington on May 30, 2025. Tom Brenner | The Washington Post | Getty Images Sales of Tesla cars in Europe plunged in July, in the company’s seventh consecutive month of declines, while Chinese rival BYD saw… Continue reading Tesla sales plunge 40% in Europe as Chinese EV rival BYD’s triple
Author: CNBC Online news
How China’s electric vehicle juggernaut is reshaping the global car market
Workers from Chinese electric vehicle (EV) company NIO inspect vehicles in the final quality control area on the automated production line at the companys manufacturing hub on January 17, 2025 in Hefei, China. Kevin Frayer | Getty Images News | Getty Images The speed and scale of China’s electric vehicle revolution has caught the world… Continue reading How China’s electric vehicle juggernaut is reshaping the global car market
Lamborghini CEO says tariffs are causing even the wealthiest buyers to pause
watch now Uncertainty around tariffs has caused even the wealthiest buyers of Lamborghini supercars to hold off on their purchases, CEO Stephan Winkelmann told CNBC. While the White House recently announced an agreement with Europe on a 15% tariff rate, that rate hasn’t yet taken effect for cars. Lamborghini and other European automakers are still… Continue reading Lamborghini CEO says tariffs are causing even the wealthiest buyers to pause
German autos sector slashes jobs as economic woes bite
A general view of production lines at the Mercedes-Benz assembly plant on June 4, 2025 in Rastatt, Germany. Florian Wiegand | Getty Images News | Getty Images A perfect storm of industry and economic challenges have weighed on Germany’s autos sector, which has shed tens of thousands of jobs over a one-year stretch to the… Continue reading German autos sector slashes jobs as economic woes bite
Nissan shares fall over 6% as Mercedes-Benz plans to shed its stake in Japanese automaker
A brand new Nissan car is displayed on the sales lot at Golden State Nissan on March 26, 2025 in Colma, California. Justin Sullivan | Getty Images Nissan Motor shares tumbled on Tuesday after Mercedes-Benz announced plans to offload its 3.8% holding in the Japanese automaker. Tokyo-listed shares of Nissan declined as much as 6.7%… Continue reading Nissan shares fall over 6% as Mercedes-Benz plans to shed its stake in Japanese automaker
Nio shares surge over 14%, extending gains for seventh session
NEW YORK, NY – SEPTEMBER 12: Logos for Chinese electric car company NIO are displayed at a trading post on the floor of the opening bell at the New York Stock Exchange (NYSE), September 12, 2018 in New York City. The Shanghai-based electric car company opened for trading at $6 per share. (Photo by Drew… Continue reading Nio shares surge over 14%, extending gains for seventh session
Waymo granted first permit to begin testing autonomous vehicles in New York City
Waymo self-driving cars with roof-mounted sensor arrays traveling near palm trees and modern buildings along the Embarcadero, San Francisco, California, February 21, 2025. Smith Collection/gado | Archive Photos | Getty Images Waymo is getting one step closer to rides in New York City. The Alphabet autonomous vehicle subsidiary received its first permit from the New… Continue reading Waymo granted first permit to begin testing autonomous vehicles in New York City
Nio shares pop after releasing one of its most affordable SUVs yet
The Nio logo is seen at the NIO booth in the National Exhibition Center in Shanghai, China, on April 28, 2025, during the Shanghai Automobile Show 2025. (Photo by Ying Tang/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Shares of Chinese electric carmaker Nio surged after the company unveiled one of its most… Continue reading Nio shares pop after releasing one of its most affordable SUVs yet
Major Japanese carmakers say they aren’t raising prices in the U.S. because of tariffs
Newly manufactured cars awaiting export at a port in Yokohama, south of Tokyo, Japan, on March 27, 2025. Issei Kato | Reuters Major Japanese automakers have denied to CNBC that they have raised prices in the U.S. because of tariffs imposed by the Trump administration. That comes after a Nikkei Asia report on Thursday that… Continue reading Major Japanese carmakers say they aren’t raising prices in the U.S. because of tariffs
Elon Musk asked Meta CEO Mark Zuckerberg to join xAI bid to buy OpenAI, filing shows
Meta CEO, Mark Zuckerberg and Tesla and SpaceX CEO, Elon Musk Manuel Orbegozo | Chip Somodevilla | Reuters Elon Musk, the world’s richest person, asked Meta CEO Mark Zuckerberg to help him finance a $97.4 billion takeover of OpenAI in early 2025, court filings on Thursday revealed. The filing is part of a legal case… Continue reading Elon Musk asked Meta CEO Mark Zuckerberg to join xAI bid to buy OpenAI, filing shows