Autos
Tesla sold $430 million worth of its Megapack backup batteries to Musk’s xAI in 2025
Elon Musk announced his new company xAI which he says has the goal to understand the true nature of the universe. Jaap Arriens | Nurphoto | Getty Images Tesla sold $430 million worth of its giant backup batteries called Megapacks to xAI, Elon Musk’s artificial intelligence startup, in 2025, according to a filing on Thursday. […]
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A Waymo hit a child near an elementary school. The NHTSA is investigating
A Waymo vehicle exits a charging lot on Jan. 15, 2026 in Austin, Texas. Brandon Bell | Getty Images Alphabet-owned Waymo has informed the National Highway Traffic Safety Administration that one of its driverless vehicles “struck a child near an elementary school” in Santa Monica, California The Jan. 23 incident is now being investigated by […]
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GM’s ability to balance profits, politics under Trump paying off for investors
Mary Barra, CEO of General Motors, attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, on July 8, 2025. David A. Grogan | CNBC DETROIT — General Motors is proving to be a star tightrope walker when it comes to balancing its profits, […]
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CNBC’s Inside India newsletter: EU edges out U.S. in getting India to slash auto tariffs, but can European carmakers win big?
This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse. Subscribe here. New Delhi-based tech startup founder Ashita Gupta loves her cars. With prospects of luxury European cars becoming cheaper, Gupta, who drives an Audi A6, is considering buying another high-end vehicle. It […]
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What tariffs? Toyota hits record sales in 2025, despite Trump’s auto levies
A Toyota dealership is seen on November 19, 2025 in Austin, Texas. Brandon Bell | Getty Images Toyota Motor has retained its position as the world’s top-selling automaker in 2025, posting record sales of 10.5 million units, the Japanese auto giant reported on Thursday. Sales of Toyota and its luxury Lexus marque rose 3.7% from […]
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Elon Musk says Tesla ending Models S and X production, converting Fremont factory lines to make Optimus robots
A Model X is on display at a Tesla showroom on February 13, 2021 in Beijing, China. VCG | Visual China Group | Getty Images Tesla CEO Elon Musk said on Wednesday that the automaker is ending production of its Model S and X vehicles, and will use the factory in Fremont, California, to build […]
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Tesla to invest $2 billion in xAI, Elon Musk’s OpenAI competitor
Elon musk and the xAI logo. Vincent Feuray | Afp | Getty Images Tesla said on Wednesday that it’s agreed to invest about $2 billion into Elon Musk’s xAI, which he launched almost three years ago as a prospective competitor to OpenAI. The share purchase was related to xAI’s $20 billion financing round announced earlier […]
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Carvana shares fall 14% following short-seller accusations
A Carvana used-car vending machine displays vehicles in Miami, Dec. 9, 2022. Joe Raedle | Getty Images Shares of Carvana plummeted 14.2% Wednesday following short-seller accusations that the online used retailer overstated earnings with the help of businesses controlled by CEO Ernie Garcia III’s family. Gotham City Research alleged Wednesday that the online used car […]
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Tesla set to report fourth-quarter earnings after the bell
Elon Musk, chief executive officer of Tesla Inc., during the US-Saudi Investment Forum at the Kennedy Center in Washington, DC, US, on Wednesday, Nov. 19, 2025. Bloomberg | Bloomberg | Getty Images Tesla plans to reports fourth-quarter earnings for 2025 after the bell on Wednesday. Here what Wall Street is expecting for the quarter, according to […]
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Autonomous trucking startup Waabi raises $750 million to expand into robotaxis
Waabi founder and CEO Raquel Urtasun Courtesy of Waabi Autonomous trucking startup Waabi said Wednesday that it has raised $750 million in funding as it enters into a partnership to deploy driverless systems in light duty vehicles for Uber robotaxi services. Waabi’s series C round is led by Khosla Ventures and G2 Venture Partners, the […]
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