Detroit News Online – Page 110 – I wish I had more to offer

Elon Musk sells $3.95 billion worth of Tesla stock

Twitter’s new owner and Tesla CEO Elon Musk has sold nearly $4 billion worth of Tesla shares, according to regulatory filings. Musk, who bought Twitter for $44 billion, sold 19.5 million shares of the electric car company from Nov. 4 to Nov. 8, according to Tuesday’s filings with the Securities and Exchange Commission. He sold… Continue reading Elon Musk sells $3.95 billion worth of Tesla stock

AEHRA EVs

Italian EV startup takes on US, Chinese rivals with design

Milan — Elon Musk’s Tesla paved the way nearly two decades ago. Now, the global transition to fully electric vehicles is littered with startups, inspired by a new era in mobility and drawn by the lower cost of building EVs compared with their fossil-fuel-guzzling forebears. Gone are the billion-dollar investments that have made legacy auto-making… Continue reading Italian EV startup takes on US, Chinese rivals with design

Stellantis pauses paid advertising on Twitter after Elon Musk takeover

The maker of Jeep SUVs and Ram pickup trucks has joined the flock of companies pausing paid advertising on Twitter after Tesla Inc. CEO Elon Musk bought the social media platform. Stellantis NV on Monday confirmed it had pulled paid advertisements after last week, saying it would exercise “vigilance” under the new leadership through its… Continue reading Stellantis pauses paid advertising on Twitter after Elon Musk takeover

Lordstown Motors gains on $170 million Foxconn investment deal

This content is only available to subscribers. Get unlimited digital access. $1 for 6 Months. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The eNewspaper, a digital replica of the print paper, every day. Trusted, up-to-date local Detroit and Michigan breaking news. Newsletters on topics that… Continue reading Lordstown Motors gains on $170 million Foxconn investment deal

Carvana shares plunge to record low as used-car prices fall

The Manheim Used Vehicle Value Index, which tracks used-vehicle prices, dropped in October for a fifth-straight month, down 10.6% from a year earlier. Go to Source

Orange barrels: Detroit GP fixes the damn roads for 2023 race

This content is only available to subscribers. Get unlimited digital access. $1 for 6 Months. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The eNewspaper, a digital replica of the print paper, every day. Trusted, up-to-date local Detroit and Michigan breaking news. Newsletters on topics that… Continue reading Orange barrels: Detroit GP fixes the damn roads for 2023 race

Ford urges broad interpretation of new EV tax credits

Washington — Ford Motor Co. is asking the federal government to limit what it dubs a “foreign entity of concern” in order to expand the number of vehicles qualifying for a new, more stringent $7,500 electric vehicle tax credit. The automaker was responding to a request from the U.S. Department of Treasury on how it… Continue reading Ford urges broad interpretation of new EV tax credits

Nissan may snub Renault revamp over sharing tech with Geely

This content is only available to subscribers. Get unlimited digital access. $1 for 6 Months. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The eNewspaper, a digital replica of the print paper, every day. Trusted, up-to-date local Detroit and Michigan breaking news. Newsletters on topics that… Continue reading Nissan may snub Renault revamp over sharing tech with Geely

Author: Detroit News Online