Electric vehicles
![Hyundai Motor posts record Q2 profit on strong U.S. sales, to boost hybrid lineups Hyundai Motor posts record Q2 profit on strong U.S. sales, to boost hybrid lineups](https://image.cnbcfm.com/api/v1/image/107395278-1712012782686-IMG_2975.jpg?v=1712013218&w=1920&h=1080)
Hyundai Motor posts record Q2 profit on strong U.S. sales, to boost hybrid lineups
The Hyundai display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBC Hyundai Motor reported record quarterly profit and revenue on Thursday on strong sales of high-margin cars and said it would expand hybrid lineups to brace for possible changes in U.S. electric vehicle policies following the election. Its forecast-beating performance helped […]
Read More![Tesla shares fall 7% in premarket trading after earnings miss Tesla shares fall 7% in premarket trading after earnings miss](https://image.cnbcfm.com/api/v1/image/107363745-1706104978554-gettyimages-1852530283-161223_ama0961.jpeg?v=1721807948&w=1920&h=1080)
Tesla shares fall 7% in premarket trading after earnings miss
Elon Musk, CEO of Tesla. Antonio Masiello | Getty Images Tesla shares fell more than 8% in premarket trading in the U.S. after the electric carmaker reported second-quarter earnings that missed expectations amid ongoing pressure in its auto business. The stock pared losses to trade down 7.3% at 04:37 ET. Elon Musk’s electric vehicle firm […]
Read More![‘Loophole’ may get you a ,500 tax credit for leasing an EV, auto analysts say ‘Loophole’ may get you a ,500 tax credit for leasing an EV, auto analysts say](https://image.cnbcfm.com/api/v1/image/107112845-1662060195561-gettyimages-651424163-ma49533.jpeg?v=1721262601&w=1920&h=1080)
‘Loophole’ may get you a $7,500 tax credit for leasing an EV, auto analysts say
Key Points The Inflation Reduction Act has a few provisions related to tax credits for electric vehicles. Consumers can get a $7,500 tax credit for buying a new EV. It may be challenging for cars and/or buyers to qualify due to certain requirements. It may be easier to get a $7,500 credit by leasing an […]
Read More![Foreign carmakers in China face ‘increasingly precarious’ position, consultancy says Foreign carmakers in China face ‘increasingly precarious’ position, consultancy says](https://image.cnbcfm.com/api/v1/image/107389760-1710886552905-gettyimages-1889113351-cfoto-teslasha231231_npN8Y.jpeg?v=1720747306&w=1920&h=1080)
Foreign carmakers in China face ‘increasingly precarious’ position, consultancy says
Newly produced electric vehicles are being seen at Tesla’s Shanghai Gigafactory in Shanghai, China, on December 31, 2023. Costfoto | Nurphoto | Getty Images BEIJING — New tariffs on Chinese electric cars aren’t enough to help foreign automakers stay competitive, especially in the lucrative China market, according to consulting firm AlixPartners. China is the world’s […]
Read More![Tesla shares wipe out decline for the yr with 27% rally this 7 days Tesla shares wipe out decline for the yr with 27% rally this 7 days](https://image.cnbcfm.com/api/v1/image/107431215-1718897516039-gettyimages-2158243831-pias9429_yxfyu7yl.jpeg?v=1720214003&w=1920&h=1080)
Tesla shares wipe out decline for the yr with 27% rally this 7 days
Elon Musk attends “Discovering the New Frontiers of Innovation: Mark Study in Discussion with Elon Musk” during the Cannes Lions International Pageant Of Creativeness 2024 – Day A few in Cannes, France, on June 19, 2024. Marc Piasecki | Getty Photos Tesla’s inventory value rose more than enough on Friday to wipe out its loss […]
Read More![China-built EVs strike with EU tariffs Nio says it could have to increase charges in Europe China-built EVs strike with EU tariffs Nio says it could have to increase charges in Europe](https://image.cnbcfm.com/api/v1/image/107392465-1711396590361-GettyImages-2043253999.jpg?v=1711396652&w=1920&h=1080)
China-built EVs strike with EU tariffs Nio says it could have to increase charges in Europe
The European Union on Thursday confirmed its final decision to hike tariffs on electric powered autos imported from China — with a single automaker issuing fresh warnings that it may have to raise rates as a end result. The European Commission, the government arm of the European Union, declared strategies for these types of levies […]
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