Autos
Tesla should accept that it violated labor laws if Elon Musk is serious about inviting the UAW to organize workers, union chief Ray Curry says
Founder and CEO of Tesla Motors Elon Musk speaks during a media tour of the Tesla Gigafactory, which will produce batteries for the electric carmaker, in Sparks, Nevada. James Glover II | Reuters If Tesla CEO Elon Musk is serious about welcoming organizing efforts of the company’s U.S. workforce, the automaker should rehire a fired […]
Read More
Sen. Elizabeth Warren says billionaires should pay more taxes to help the ‘next Elon Musk’
Elon Musk and fellow billionaires should pay it forward in taxes to support the next generation of entrepreneurs who can make a difference, Sen. Elizabeth Warren, D-Mass., told CNBC on Tuesday. “I’m happy to celebrate success, but let’s remember, Elon Musk didn’t make it on his own. He got huge investments from the government, from […]
Read More
GM looks to increase electric Hummer production as reservations top 65,000, exceeding expectations
GMC Hummer EV pickup truck Michael Wayland / CNBC PHOENIX – General Motors has received more than 65,000 reservations for its electric GMC Hummer pickups and SUVs, as the automaker attempts to expedite production of the vehicles to meet demand. The reservations number is higher than the automaker’s initial expectations, according to Duncan Aldred, global […]
Read More
Wall Street banks pick their top semiconductor stocks as electric vehicle production soars
The auto sector is undergoing a major transformation, according to Bank of America and Cohen. Here are their top stock picks to cash in. Source
Read More
Chinese EV maker Nio delivers its first ET7 electric sedans
Nio began deliveries of its new ET7, an upscale electric sedan, on Monday, March 28, 2022. Nio Nio confirmed Monday it has begun deliveries of its new luxury sedan, the ET7, on schedule, sending U.S.-traded shares of the Chinese electric vehicle maker sharply higher. Nio’s shares closed at $21.21 on Monday, up 6.5% for the […]
Read More
Tesla CEO Elon Musk says he has Covid again
Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China, January 7, 2019. Aly Song | Reuters SpaceX and Tesla CEO Elon Musk announced on Twitter on Monday that he has Covid. The announcement comes after Tesla’s factory in Shanghai faced regional Covid restrictions that reportedly require it to suspend production […]
Read More
XPeng shares jump after the Chinese EV automaker posts narrower-than-expected quarterly loss
XPeng delivered over 60,000 of its flagship P7 electric sedans in 2021. XPeng, Inc. U.S. listed shares of XPeng jumped in premarket trading Monday after the Chinese electric-vehicle maker reported a fourth-quarter loss that was narrower than Wall Street had expected. XPeng said that it lost $202 million in the quarter, or $0.22 on an […]
Read More
Tesla wants to split its stock so it can pay a stock dividend; shares gain
Founder and CEO of Tesla Motors Elon Musk speaks during a media tour of the Tesla Gigafactory, which will produce batteries for the electric carmaker, in Sparks, Nevada. James Glover II | Reuters Tesla wants to split its stock so it can pay a stock dividend to shareholders, according to a filing Monday. The Securities […]
Read More
Tesla to halt Shanghai factory production amid Covid curbs, Bloomberg News reports
Aerial view of the Tesla Shanghai Gigafactory on Mar. 29, 2021 in Shanghai, China. Xiaolu Chu | Getty Images News | Getty Images Tesla is planning to suspend production at its Shanghai factory for at least one day, Bloomberg News reported on Sunday, as China’s financial hub said it would go into a lockdown in […]
Read More
The Tesla Roadster is an endangered species — meet the community keeping it alive
The year was 2006, the concept of electric vehicles expensive and impractical. But a small engineering team had an unorthodox vision for a car that could truly showcase the potential of electrification. That summer, then-fledgling start-up Tesla Motors unveiled its tour de force to the world — the Roadster. Right out of the gate, the […]
Read More