Rivian CEO RJ Scaringe reacts at an event to unveil a smaller R2 SUV in Laguna Beach, California, U.S., March 7, 2024. Mike Blake | Reuters Shares of Rivian Automotive surged 13% on Thursday as the EV maker unveiled three new vehicles and announced more than $2 billion in savings related to pausing construction on… Continue reading Rivian shares surge as company reveals new EV models, $2.25 billion in cost savings
Author: CNBC Online news
China could flood U.S. electric-vehicle market with its offerings, Energy Secretary Jennifer Granholm warns
U.S. Energy Secretary Jennifer Granholm speaks to reporters during a press briefing at the White House in Washington, June 22, 2022. Kevin Lamarque | Reuters China could flood the U.S. electric-vehicle market with its offerings, Energy Secretary Jennifer Granholm warned Wednesday, weeks after President Joe Biden raised similar concerns. “We are very concerned about China… Continue reading China could flood U.S. electric-vehicle market with its offerings, Energy Secretary Jennifer Granholm warns
Elon Musk’s pick for district attorney of Texas’ Travis County lost on Tuesday
Tesla CEO Elon Musk in Austin, Texas, on April 7, 2022. Suzanne Cordeiro | AFP | Getty Images Elon Musk’s pick to be district attorney of Texas’ Travis County lost on Tuesday, hours after the Tesla CEO sent a companywide email urging employees to follow his lead. Jeremy Sylestine, a Democratic challenger to the incumbent… Continue reading Elon Musk’s pick for district attorney of Texas’ Travis County lost on Tuesday
OpenAI shares Elon Musk emails urging startup to raise $1 billion, see Tesla as a cash cow in its early years
watch now OpenAI on Tuesday publicly responded to a lawsuit brought by co-founder Elon Musk, highlighting apparent hypocrisy on the part of the now-billionaire and early backer of the company. In its response, OpenAI reproduced old emails from Musk in which the Tesla and SpaceX CEO encouraged the rising startup to raise at least $1… Continue reading OpenAI shares Elon Musk emails urging startup to raise $1 billion, see Tesla as a cash cow in its early years
Elon Musk reportedly met with Donald Trump in Florida
Evan Vucci | AP Tesla CEO Elon Musk met with former President Donald Trump on Sunday in Palm Beach, Florida, along with unnamed wealthy Republican donors, The New York Times reported, citing three people briefed on the meeting. Trump is courting donors as he gears up for a general election campaign against President Joe Biden.… Continue reading Elon Musk reportedly met with Donald Trump in Florida
Dodge Charger will live on as a new EV and a gas-powered muscle car
2024 Dodge Charger Daytona Scat Pack EV Dodge DETROIT — Dodge won’t abandon its traditional, gearhead, high-octane Charger and Challenger owners with its next-generation muscle car. The automaker on Tuesday revealed the new Dodge Charger as an all-electric vehicle as well as a next-generation gas-powered muscle car. It will be the first all-electric car from… Continue reading Dodge Charger will live on as a new EV and a gas-powered muscle car
China EV shares are feeling the heat as price war concerns grow
New cars of the “Dolphin” model from Chinese car manufacturer BYD are in the harbor. Picture Alliance | Picture Alliance | Getty Images Chinese electric vehicle makers shares listed in Hong Kong fell on Tuesday as worries of price wars in the sector grew. China’s EV market, the world’s largest and most crowded, is seeing… Continue reading China EV shares are feeling the heat as price war concerns grow
Strong Ford hybrid sales provide a window for investors to make a move on the stock
Ford on Monday reported a continued surge in monthly hybrid sales, the latest indication that its strategic shift from money-losing and demand-softening electric vehicles is paying off. Jim Cramer sees a window for investors to act. Shares of Ford were trading as much as 4% higher on Monday after a strong February sales report. The… Continue reading Strong Ford hybrid sales provide a window for investors to make a move on the stock
Ford sales jump 10.5% in February, led by gains in hybrids and EVs
A 2022 Ford Motor Co. Maverick compact pickup truck during the Washington Auto Show in Washington, D.C., on Friday, Jan. 21, 2022. Al Drago | Bloomberg | Getty Images DETROIT – Ford Motor’s U.S. sales jumped 10.5% last month compared with February 2023, led by increases in its hybrid and all-electric vehicles sales. The Detroit… Continue reading Ford sales jump 10.5% in February, led by gains in hybrids and EVs
For century-old Mack Trucks, the 18-wheeled, bulldog-big rig future is still going to be EV
Mack MD electric trucks. Mack Trucks Mack Trucks, founded in Brooklyn, New York, in 1900, is renowned for its 18-wheelers, diesel-powered big rigs with a trademark bulldog mounted on the hood. In 2021, that iconic ornament debuted in copper, rather than its usual gold hue, signifying the venerable manufacturer’s first foray into battery-electric vehicles. Appropriately,… Continue reading For century-old Mack Trucks, the 18-wheeled, bulldog-big rig future is still going to be EV