Ford Mustang Mach E electric vehicles are offered for sale at a dealership in Chicago, Illinois, on June 5, 2024. Scott Olson | Getty Images Ford sales rose 1% during the second quarter over the year-earlier period, led by a 5% gain in truck sales, the automaker said Wednesday. Ford truck sales, which include pickups… Continue reading Ford sales edge 1% higher in the second quarter, led by trucks
Author: CNBC Online news
Tesla stock rises again after better-than-expected deliveries report
A row of Tesla superchargers is shown at a supercharging location in Los Angeles on June 5, 2024. Mike Blake | Reuters Tesla shares rallied for a third straight day on Wednesday, bringing their gains for the week to 23% and almost wiping out their 2024 loss. The run follows Tesla’s second-quarter vehicle production and deliveries… Continue reading Tesla stock rises again after better-than-expected deliveries report
China’s BYD is set to take Tesla’s crown as the world’s No. 1 producer of battery electric vehicles
BYD Seal U electric car at the IAA Mobility 2023 international motor show on September 6, 2023 in Munich, Germany. Leonhard Simon | Getty Images News | Getty Images Chinese electric vehicle maker BYD is on track to overtake Tesla in battery electric vehicle sales this year, with its BEV market share expected to surge,… Continue reading China’s BYD is set to take Tesla’s crown as the world’s No. 1 producer of battery electric vehicles
GM reports best U.S. quarterly sales since 2020
Vehicles are offered for sale at a GM dealership in Lincolnwood, Illinois, on June 20, 2024. Scott Olson | Getty Images DETROIT — General Motors reported its best quarterly sales in more than three years, including notable increases in full-size pickup trucks and all-electric vehicles. The Detroit automaker on Tuesday reported sales of 696,086 for… Continue reading GM reports best U.S. quarterly sales since 2020
Tesla shares soar 10% on better-than-expected Q2 deliveries report
watch now Tesla shares jumped 10% on Tuesday after the company posted second-quarter vehicle production and deliveries numbers that beat analyst expectations. Here are the key numbers: Total deliveries Q2 2024: 443,956 vehicles Total production Q2 2024: 410,831 vehicles Analysts expected Tesla deliveries to hit 439,000 in the three months ending June 30, according to a consensus of… Continue reading Tesla shares soar 10% on better-than-expected Q2 deliveries report
Chinese EV companies Zeekr and Nio report record deliveries in June
Geely’s SEA architecture for cars allows vehicles of different sizes to be manufactured at the same factory. CNBC | Evelyn Cheng BEIJING — Chinese electric car company Zeekr said Monday it delivered a record number of vehicles in June, making its deliveries for the first half of the year the largest among U.S.-listed Chinese companies… Continue reading Chinese EV companies Zeekr and Nio report record deliveries in June
An alphabet soup of ‘electrified’ vehicles awaits new car buyers as EV sales stall
GM launched ‘EV Live,’ a free online platform that connects electric vehicle owners or consumers who have questions about zero-emissions cars and trucks with an expert who can answer them. Courtesy: GM DETROIT — Purchasing a vehicle has never been that easy. But shoppers entering traditional dealer showrooms for the foreseeable future may have a… Continue reading An alphabet soup of ‘electrified’ vehicles awaits new car buyers as EV sales stall
Ford CEO says a profitable $30,000 EV is coming in two and a half years
An electric Ford truck is displayed during the Electrify Expo D.C. in Washington, D.C., on July 23, 2023. Nathan Howard | Getty Images Ford Motor expects to introduce a $30,000 all-electric vehicle that will be profitable in roughly two and a half years, CEO Jim Farley said Friday during the Aspen Ideas Festival. Farley did… Continue reading Ford CEO says a profitable $30,000 EV is coming in two and a half years
Chinese smartphone maker Honor says AI’s power is ‘worthless’ without data privacy
Honor CEO George Zhao (L) and GSMA CEO John Hoffman on stage at Shanghai Mobile World Congress during an awards ceremony on June 27, 2024. Honor HANGZHOU, China — The transforming power of artificial intelligence is of no value unless user data is protected, CEO of Chinese smartphone company Honor, George Zhao, told CNBC in… Continue reading Chinese smartphone maker Honor says AI’s power is ‘worthless’ without data privacy
Tesla loses its EV quality edge as repair problems continue to plague the market
A dog looks out the window from a Tesla electric vehicle charging at a Tesla Supercharger location in Santa Monica, California on May 15, 2024. Patrick T. Fallon | AFP | Getty Images Tesla is losing its lead over legacy automakers in the quality of its new all-electric vehicles, according to an annual influential study… Continue reading Tesla loses its EV quality edge as repair problems continue to plague the market