An electric vehicle of the model Y is pictured during the start of the production at Tesla’s “Gigafactory” on March 22, 2022 in Gruenheide, southeast of Berlin. – US electric car pioneer Tesla received the go-ahead for its “gigafactory” in Germany on March 4, 2022, paving the way for production to begin shortly after an… Continue reading Tesla to explore locations in India for $3 billion EV factory, FT reports
Author: CNBC Online news
Jim Cramer sees Ford and Costco nearing buy levels. Here’s the story behind each
These two consumer-related stocks could be approaching new buying levels, according to Jim Cramer. Go to Source
Noted Tesla bear says Musk’s EV maker could ‘go bust’ and stock is worth $14
Elon Musk, CEO of Tesla, speaks at the Atreju political convention organized by Fratelli d’Italia (Brothers of Italy), in Rome, Italy, on Dec. 15, 2023. Antonio Masiello | Getty Images Tesla could “go bust” while its stock could fall to $14, Per Lekander, a hedge fund manager who has been shorting Elon Musk‘s electric car… Continue reading Noted Tesla bear says Musk’s EV maker could ‘go bust’ and stock is worth $14
GM U.S. vehicle sales fall 1.5% during the first quarter, underperforming other major automakers
The 2024 Buick Envista. GM DETROIT — General Motors on Tuesday reported a 1.5% decline in first-quarter U.S. vehicle sales compared to a year ago, as the overall auto industry normalizes after years of disruptions and volatile results. The Detroit automaker said the decline to 594,233 vehicles sold during the first three months of the… Continue reading GM U.S. vehicle sales fall 1.5% during the first quarter, underperforming other major automakers
Tesla shares fall after deliveries drop 8.5% from a year ago
Tesla and SpaceX CEO Elon Musk. Kirsty Wigglesworth | Reuters Tesla shares fell on Tuesday after the company reported a drop in vehicle deliveries in the first quarter, the first annual decline since 2020, when the global pandemic disrupted production. Here are the key numbers: Total deliveries Q1 2024: 386,810Total production Q1 2024: 433,371 Vehicle production… Continue reading Tesla shares fall after deliveries drop 8.5% from a year ago
Xiaomi shares pop 16% after the Chinese smartphone maker launches its first EV
A Xiaomi SU7 electric sedan is seen displayed at a regional HQ of Xiaomi in Nanjing in east China’s Jiangsu province. Future Publishing | Future Publishing | Getty Images BEIJING — Shares of Chinese smartphone maker Xiaomi surged as much as 16% on Tuesday, the first trading day since the company launched its SU7 electric… Continue reading Xiaomi shares pop 16% after the Chinese smartphone maker launches its first EV
As new vehicles become more like computers, what car shoppers need to know about protecting their data
watch now New cars today are loaded with high-tech features for car shoppers, from their own operating systems to navigation and remote unlock. But with those advancements come questions about driver privacy, said Ivan Drury, the director of insights at Edmunds, a car site. “As much advancement as we have when it comes to new… Continue reading As new vehicles become more like computers, what car shoppers need to know about protecting their data
Tesla’s awful quarter has Wall Street on edge ahead of delivery numbers
A Tesla car is driven past a store of the electric vehicle (EV) maker in Beijing, China January 4, 2024. Florence Lo | Reuters It was a brutal first quarter for Tesla investors. Shares of the electric vehicle maker plunged 29% in the first three months of the year, the worst quarter for the stock… Continue reading Tesla’s awful quarter has Wall Street on edge ahead of delivery numbers
Toyota could introduce electric, plug-in Tacoma and Tundra pickups
2024 Toyota Tacoma Trailhunter Toyota NEW YORK — Toyota Motor is evaluating an expansion of its U.S. truck lineup that could include all-electric or plug-in hybrid electric versions of its Tacoma and Tundra pickups. Jack Hollis, executive vice president of Toyota Motor North America, said the Japanese automaker is assessing its options to determine what… Continue reading Toyota could introduce electric, plug-in Tacoma and Tundra pickups
Xiaomi releases electric car $4K cheaper than Tesla’s Model 3 as price wars heat up
Chinese consumer electronics company Xiaomi revealed Thurs., Dec. 28, 2023, its long-awaited electric car, but declined to share its price or specific release date. CNBC | Evelyn Cheng BEIJING — Chinese smartphone company Xiaomi said Thursday it will sell its first car for far less than Tesla’s Model 3, as price wars heat up in… Continue reading Xiaomi releases electric car $4K cheaper than Tesla’s Model 3 as price wars heat up