Elon Musk, CEO of Tesla and owner of social media site X, formerly known as Twitter, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France, on June 16, 2023. Gonzalo Fuentes | Reuters Tesla reported a 9% drop in first-quarter revenue on Tuesday, the… Continue reading Tesla reports biggest revenue slide since 2012, announces renewed push for affordable model
Author: CNBC Online news
General Motors raises 2024 guidance after big first-quarter earnings beat
watch now DETROIT — General Motors on Tuesday raised its 2024 guidance after beating Wall Street’s top- and bottom-line expectations for the first quarter. The automaker said it was boosting its forecast after strong North American operations offset losses elsewhere during the first quarter. The company now expects adjusted earnings of $12.5 billion to $14.5… Continue reading General Motors raises 2024 guidance after big first-quarter earnings beat
Tesla shares slide to 15-month low ahead of earnings, as Wall Street frets over price cuts, layoffs
Elon Musk speaks onstage during The New York Times Dealbook Summit 2023 at Jazz at Lincoln Center on November 29, 2023 in New York City. Slaven Vlasic | Getty Images Tesla shares fell for a seventh straight day, reaching their lowest since January 2023, as further price cuts over the weekend added to mounting concerns… Continue reading Tesla shares slide to 15-month low ahead of earnings, as Wall Street frets over price cuts, layoffs
What investors should know about the UAW’s organizing drive of VW
Volkswagens are seen in the employee parking lot at the Volkswagen automobile assembly plant on March 20, 2024 in Chattanooga, Tennessee. Elijah Nouvelage | Getty Images DETROIT – The United Auto Workers notched a big win this weekend. Volkswagen workers in Chattanooga, Tennessee, overwhelmingly voted in favor of joining the UAW late Friday – marking… Continue reading What investors should know about the UAW’s organizing drive of VW
VW workers in Tennessee vote to join UAW in historic win for Detroit union
Kelcey Smith displays UAW buttons in Chattanooga, Tennessee on April 10, 2024. Kevin Wurm | The Washington Post | Getty Images Volkswagen workers in Chattanooga, Tennessee, have overwhelmingly voted to join the United Auto Workers — marking a major milestone for the union and its first successful organizing drive of an automaker outside of Detroit’s… Continue reading VW workers in Tennessee vote to join UAW in historic win for Detroit union
Tesla recalls Cybertruck over ‘trapped pedal’ issue seen in owner’s viral TikTok video
Tesla’s new Cybertruck is shown on display at a Tesla store in San Diego, California, on Dec. 9, 2023. Mike Blake | Reuters Tesla has issued a voluntary recall of 3,878 Cybertrucks to fix a “stuck pedal” issue that had been depicted in a viral TikTok video posted last week by owner Jose Martinez. A… Continue reading Tesla recalls Cybertruck over ‘trapped pedal’ issue seen in owner’s viral TikTok video
Inside the world of flying cars, or eVTOLs, which are moving closer to reality
Alef Aeronautics wants to start delivering its $300,000 Model A flying car to customers by 2025. Source: Alef Aeronautics What if flying around in an electric vehicle is a key part of the way you travel in the future? That’s what dozens of companies around the world are betting on. EVTOLs, or electric vertical take-off… Continue reading Inside the world of flying cars, or eVTOLs, which are moving closer to reality
Here’s why so many electric vehicle startups fail
As the electric vehicle industry faces a string of high-profile failures, several startups that have surfaced in recent years have underestimated their capital needs by billions of dollars, industry insiders said. Many of the companies that have tried to bring products to market or go public, especially through Special Purpose Acquisition Companies, or SPACs, are… Continue reading Here’s why so many electric vehicle startups fail
Elon Musk email says Tesla sent ‘incorrectly low’ severance packages to laid-off employees
Elon Musk, Chief Executive Officer of Tesla and owner of X, formerly known as Twitter, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France, June 16, 2023. Gonzalo Fuentes | Reuters Tesla CEO Elon Musk sent an internal email on Wednesday, telling staffers that… Continue reading Elon Musk email says Tesla sent ‘incorrectly low’ severance packages to laid-off employees
Tesla is laying off 285 employees in Buffalo, New York as part of a broad restructuring
Vehicles sit parked outside the Tesla Inc. solar panel factory in Buffalo, New York, U.S., on Wednesday, Dec. 26, 2018. Andrew Harrer | Bloomberg | Getty Images Tesla is laying off 285 employees in the state of New York as part of a broader restructuring according to a WARN notice filed in the state. Most… Continue reading Tesla is laying off 285 employees in Buffalo, New York as part of a broad restructuring