The Uber logo is seen in the rain in Krakow, Poland, on Jan. 6, 2024. Klaudia Radecka | Nurphoto | Getty Images Tesla‘s hyped robotaxi unveiling posed a threat to Uber‘s ride-sharing aspirations, but it has turned into a boon for the stock instead. Uber shares had been falling on the initial investor excitement leading up… Continue reading Ride-sharing giants Uber, Lyft jump after Tesla’s ‘toothless taxi’ fails to excite investors
Author: CNBC Online news
Tesla shares drop 9% after Cybercab robotaxi reveal ‘underwhelmed’ investors
Tesla unveils its “Cybercab” on October 10, 2024 in Burbank, California. Source: Tesla Tesla shares closed down nearly 9% on Friday after the electric vehicle company’s long-awaited robotaxi event failed to impress investors. CEO Elon Musk unveiled the firm’s Cybercab self-driving concept car — a low, silver two-seater, with no steering wheels or pedals — on… Continue reading Tesla shares drop 9% after Cybercab robotaxi reveal ‘underwhelmed’ investors
Elon Musk hypes $30,000 Tesla self-driving Cybercab and larger Robovan at robotaxi event
watch now After a decade of unfulfilled promises about driverless vehicles, Tesla CEO Elon Musk hyped the company’s Cybercab concept on Thursday night, showing off a low, silver two-seater with no steering wheels or pedals. Rolling up to the stage in a Cybercab almost an hour after the company’s “We, Robot” event was supposed to… Continue reading Elon Musk hypes $30,000 Tesla self-driving Cybercab and larger Robovan at robotaxi event
Tesla robotaxi event comes after a decade of unfulfilled promises from Elon Musk
Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X looks on during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024. David Swanson | Reuters With Tesla’s hotly anticipated robotaxi event hours away, investors will soon get a glance at what… Continue reading Tesla robotaxi event comes after a decade of unfulfilled promises from Elon Musk
Trump proposes new tax break on car loan interest
Republican presidential nominee, former U.S. President Donald Trump, speaks at the Detroit Economic Club on October 10, 2024 in Detroit, Michigan. Bill Pugliano | Getty Images Donald Trump on Thursday said he supports making interest on car loans fully tax deductible, the latest in a suite of tax-cut promises the Republican presidential nominee has made… Continue reading Trump proposes new tax break on car loan interest
Stellantis is struggling. Here’s why
American car brands Jeep, Ram, Dodge and Chrysler are struggling under their new owner. The European-American giant Stellantis is the world’s fifth-largest automaker by volume, according to S&P Global Mobility. The 2021 merger of the French maker Groupe PSA and the American-Italian Fiat Chrysler promised billions of dollars of savings in synergies and new opportunities… Continue reading Stellantis is struggling. Here’s why
Tributes pour in for Ratan Tata from industry titans and politicians
Ratan Tata speaks during an interview. Pradeep Gaur | Mint | Getty Images Tributes from industry leaders, politicians and the public at large poured in for Ratan Tata, the former chairman of India’s Tata Sons, who passed away on Wednesday, aged 86. India’s Prime Minister Narendra Modi in a post on X called Tata “a… Continue reading Tributes pour in for Ratan Tata from industry titans and politicians
Swedish battery maker Northvolt says head of Europe’s first homegrown gigafactory to step down
Employees of the State Archaeological Office have hung pictures of finds from a construction trailer during a main archaeological investigation on the Northvolt site. Picture Alliance | Picture Alliance | Getty Images Sweden’s Northvolt on Wednesday said the head of its main plant, Europe’s first homegrown gigafactory for lithium-ion battery cells, will step down with… Continue reading Swedish battery maker Northvolt says head of Europe’s first homegrown gigafactory to step down
Here’s what investors need to know after GM’s capital markets day
The GM logo is seen on the facade of the General Motors headquarters in Detroit on March 16, 2021. Rebecca Cook | Reuters DETROIT — Wall Street reacted to General Motors’ investor day on Tuesday with a shrug. Executives used the Detroit automaker’s event to focus on broad, near-term updates to the company’s operations in… Continue reading Here’s what investors need to know after GM’s capital markets day
Sweden’s Volvo says deputy CEO to step down in management reshuffle as EV demand slows
The Volvo Cars Hill Country dealership on in Austin, Texas. Brandon Bell | Getty Images News | Getty Images Swedish automaker Volvo Cars on Wednesday announced deputy CEO Björn Annwall will step down from his current role as part of a management reshuffle designed to increase simplicity and collaboration in the organization. It comes shortly… Continue reading Sweden’s Volvo says deputy CEO to step down in management reshuffle as EV demand slows