The Tesla Cybertruck during a tour of the Elkhorn Battery energy storage system in Moss Landing, California, June 6, 2022. Nik Coury | Bloomberg | Getty Images Electric vehicle maker Tesla is set to reveal details about its new and unconventional Cybertruck pickup on Thursday, one day after CEO Elon Musk appeared in a bizarre … Read more
General Motors is working to regain Wall Street’s confidence leading into 2024 with several investor-focused initiatives Wednesday following a tumultuous year of labor strikes and setbacks in its plans for electric and autonomous vehicles. The Detroit automaker plans to increase its quarterly dividend next year by 33% to 12 cents per share; initiate an accelerated … Read more
SHANGHAI, CHINA – NOVEMBER 12, 2023 – Customers experience Luxeed S7, the first intelligent pure electric vehicle, at Huawei’s flagship store in Shanghai, China, November 12, 2023. (Photo by Costfoto/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images BEIJING — Chinese telecommunications and smartphone giant Huawei is doubling down on selling its tech in … Read more
Rivian electric pickup trucks sit in a parking lot at a Rivian service center on May 09, 2022 in South San Francisco, California. Justin Sullivan | Getty Images Rivian on Monday started leasing select models of its all-electric R1T pickup truck, a move to expand sales and customer base beyond early adopters of electric vehicles. … Read more
UAW members attend a rally in support of the labor union strike at the UAW Local 551 hall on the South Side on October 7, 2023 in Chicago, Illinois. Jim Vondruska | Getty Images DETROIT – The United Auto Workers achieved record contracts with the Detroit automakers following contentious talks and roughly six weeks of … Read more
Chinese startup Li Auto sold more cars in October than Tesla’s China business did in October, according to the China Passenger Car Association. Nurphoto | Getty Images BEIJING — Chinese startup Li Auto sold more cars than Tesla’s China business did in October, according to the China Passenger Car Association. The startup sold a record … Read more
Tesla Chief Executive Officer Elon Musk gets in a Tesla car as he leaves a hotel in Beijing, China May 31, 2023. Tingshu Wang | Reuters Tesla shares closed down about 5% on Thursday at $209.98 after HSBC Global initiated coverage with a “reduce” rating and a $146 price target. In their note, HSBC analysts … Read more
People attend a launch ceremony of Inceptio’s autonomous driving system on March 10, 2021 in Shanghai, China. Huanqiu.com | Visual China Group | Getty Images BEIJING — China’s truck industry is finding more reasons to buy vehicles with assisted-driving technology. It’s a critical step toward monetization in a nascent business that’s drawn many investor dollars, … Read more
This Cruise in San Francisco seemingly could not figure out how to pull aside on a narrow street to let a buss pass. Matt Rosoff, CNBC Cruise CEO and founder Kyle Vogt posted comments on Hacker News on Sunday responding to allegations that his company’s robotaxis aren’t really self-driving, but instead require frequent help from … Read more
Xpeng reveals its G6 SUV at a major auto show in Shanghai on April 18, 2023. Vcg | Visual China Group | Getty Images BEIJING — Chinese electric car companies Xpeng and Li Auto each delivered a record number of cars in October, according to company releases late Wednesday. Xpeng said it delivered 20,002 cars … Read more