Police confront environmental activists in a forest near the Tesla Gigafactory electric car factory near Gruenheide, Germany, May 10, 2024. Axel Schmidt | Getty Images Climate protesters angry about Tesla’s plans to expand its Berlin-Brandenburg Gigafactory in Germany tried to break into the plant on Friday, according to a statement from local police. “Multiple unauthorized… Continue reading Climate protesters try to break into Tesla’s Germany factory, multiple people arrested
Author: CNBC Online news
Rivian, Lucid and other EV startups scramble to shore up cash and reassure Wall Street
R1T trucks on the assembly line at the Rivian electric vehicle plant in Normal on April 11, 2022. Brian Cassella | Tribune News Service | Getty Images Once-hot electric vehicle startups — years ago fueled by low interest rates, free cash and Wall Street bullishness — are now scrambling to prove they can survive in… Continue reading Rivian, Lucid and other EV startups scramble to shore up cash and reassure Wall Street
Tesla accused by NLRB of creating policies to chill workers’ unionizing efforts in Buffalo
Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute’s Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. Apu Gomes | Getty Images Tesla is being accused of taking steps to keep employees in Buffalo, New York, from unionizing, according to… Continue reading Tesla accused by NLRB of creating policies to chill workers’ unionizing efforts in Buffalo
Chinese EV maker Zeekr prices IPO at $21, at the top end of range, reports say
Chinese electric vehicle maker Zeekr will reportedly price its initial public offer at $21 a share Thursday. Go to Source
Climate crisis brings high school friends together to back startups overlooked by other VCs
Starshot, a climate tech fund, was founded by Sam Levac-Levey and Jeremy Brewer. Lora Kolodny for CNBC Childhood friends Jeremy Brewer and Sam Levac-Levey started their first clean energy startup in 2018. Six years later, they’re launching a new venture fund to invest in climate tech companies overlooked by their peers. Brewer, who’s worked at… Continue reading Climate crisis brings high school friends together to back startups overlooked by other VCs
GM can regain market share in China after hitting 20-year low, executive says
GM President Mark Reuss announces a $2.2 billion investment in the automaker’s Detroit-Hamtramck Assembly plant in Michigan for new all-electric trucks and autonomous vehicles on Jan. 27, 2020. Michael Wayland / CNBC DETROIT – General Motors believes it can regain market share in China after hitting a roughly 20-year low last year amid changing market… Continue reading GM can regain market share in China after hitting 20-year low, executive says
Chinese EV maker Nio to launch its lower-priced brand Onvo on May 15
Chinese electric car company Nio said Thursday it will launch its lower-priced brand called Onvo on May 15. Go to Source
Tesla must provide NHTSA with Autopilot recall data by July or face up to $135 million in fines
Tesla vehicles sit on the lot at a Tesla dealership in Austin, Texas, on April 15, 2024. Brandon Bell | Getty Images The National Highway Traffic Safety Administration is pressing Tesla for answers about changes the company made to its Autopilot driver assistance system following a voluntary software recall in December that affected about 2… Continue reading Tesla must provide NHTSA with Autopilot recall data by July or face up to $135 million in fines
Tesla Chairwoman Robyn Denholm has sold over $50 million worth of stock in 2024
Robyn Denholm, chairman of Tesla Inc., speaks during an American Chamber of Commerce in Australia event in Sydney, Australia, on Wednesday, March 27, 2019. Brendon Thorne | Bloomberg | Getty Images Tesla Chairwoman Robyn Denholm has just sold $17.3 million worth of her shares in the electric vehicle maker, according to a filing Monday, bringing… Continue reading Tesla Chairwoman Robyn Denholm has sold over $50 million worth of stock in 2024
U.S. automakers like GM are rapidly losing ground in China, once an engine for growth
Mary Barra, chair and chief executive officer of General Motors Co., during a news conference at the Hudson’s building in Detroit, Michigan, US, on Monday, April 15, 2024. Jeff Kowalsky | Bloomberg | Getty Images DETROIT – General Motors CEO Mary Barra has been aggressive in exiting unprofitable or underperforming markets over the past decade,… Continue reading U.S. automakers like GM are rapidly losing ground in China, once an engine for growth