Category: Automotive

Tesla is clearing another 170 acres of forest at Gigafactory Berlin for expansion

Tesla is starting to clear another 170 acres of forest at Gigafactory Berlin to prepare for a massive expansion of the EV factory. Gigafactory Berlin currently sits on about 300 hectares that Tesla acquired for the giant manufacturing project. The site is located in a large forested area and the automaker had to clear a… Continue reading Tesla is clearing another 170 acres of forest at Gigafactory Berlin for expansion

GM temporarily suspends advertising on Twitter following Elon Musk takeover

watch now DETROIT – General Motors is suspending its advertising on Twitter following Elon Musk’s takeover of the social media platform, the company told CNBC on Friday. The Detroit automaker, a rival to Musk’s Tesla, said it is “pausing” advertising as it evaluates Twitter’s new direction. It will continue to utilize the platform to interact… Continue reading GM temporarily suspends advertising on Twitter following Elon Musk takeover

Chrysler and Jeep parent Stellantis offering buyouts to some U.S. salaried employees

The sign is seen outside of the FCA US LLC Headquarters and Technology Center as it is changed to Stellantis on January 19, 2021 in Auburn Hills, Michigan. – Newly-created European carmaker Stellantis motored its way January 18, 2021 onto the Paris and Milan stock exchanges. Stellantis — created by the merger of France’s PSA… Continue reading Chrysler and Jeep parent Stellantis offering buyouts to some U.S. salaried employees

Elon Musk plans Twitter content moderation council as questions about Trump return loom

In this photo illustration, the image of Elon Musk is displayed on a computer screen and the logo of twitter on a mobile phone in Ankara, Turkiye on October 06, 2022. Muhammed Selim Korkutata | Anadolu Agency | Getty Images After closing a $44 billion transaction to take Twitter private, Tesla and SpaceX CEO Elon… Continue reading Elon Musk plans Twitter content moderation council as questions about Trump return loom

Here’s a roundup of 8 price target changes we made in Club stocks after earnings

This earnings season has been a tough one for our big technology stocks — and as a result, we’ve lowered several of our price targets based on the companies’ latest quarterly reports, forward guidance and commentary. The current rising interest rate environment and the strong U.S. dollar — another 75-basis-point rate hike by the Federal… Continue reading Here’s a roundup of 8 price target changes we made in Club stocks after earnings

EU strikes deal to ban the sale of new diesel and gasoline cars from 2035

An electric car being charged in Germany. The European Union is moving forward with plans to ramp up the number of EVs on its roads. Tomekbudujedomek | Moment | Getty Images The EU’s plans to phase out the sale of new diesel and gasoline cars and vans took a big step forward this week after… Continue reading EU strikes deal to ban the sale of new diesel and gasoline cars from 2035