Ai Tiecheng, Senior Vice President of NIO and President of ONVO, speaks during the press conference of ONVO, NIO’s new subsidiary brand, on May 15, 2024 in Shanghai, China. NIO launches its second brand ONVO and its first model L60 on May 15. Vcg | Visual China Group | Getty Images SHANGHAI — Chinese electric … Read more
Chinese electric car company Nio launched its lower-cost brand Onvo on Wednesday, May 15, 2024, in Shanghai, China. CNBC | Evelyn Cheng SHANGHAI — Chinese electric car company Nio revealed Wednesday that the first car for its new, lower-priced brand, Onvo, will be about $4,000 cheaper than Tesla’s comparable Model Y. Deliveries for Onvo’s first … Read more
An aerial view of the Tesla Fremont Factory on April 24, 2024 in Fremont, California. Justin Sullivan | Getty Images Tesla is being sued by the nonprofit Environmental Democracy Project over “ongoing failure to comply with the Clean Air Act” at the electric vehicle company’s assembly plant in Fremont, California. In the suit, filed in … Read more
The future of Tesla Supercharging is uncertain following CEO Elon Musk’s disbanding of the Supercharging team as part of a broader restructuring. The roughly 500 layoffs included senior director of EV charging Rebecca Tinucci and Daniel Ho, director of vehicle programs. Musk’s abrupt decision has raised concerns about the future of Tesla’s EV charging system, … Read more
Demis Hassabis is a celebrated name in artificial intelligence research. He’s a chess master and a neuroscientist. On Wall Street, he’s less known. That may not be true for long. Hassabis is emerging as the face of Google’s mammoth AI effort and on Tuesday will take the stage at the annual developer’s conference, Google I/O, … Read more
Visitors inspect a Tesla Model Y car during the 40th Thailand International Motor Expo at the Impact Challenger hall in Nonthaburi. Sopa Images | Lightrocket | Getty Images Tesla has a lot going on. A significant slump in sales, stoking concerns among investors and industry analysts, in an EV market where aggressive price cuts have … Read more
R1T trucks on the assembly line at the Rivian electric vehicle plant in Normal on April 11, 2022. Brian Cassella | Tribune News Service | Getty Images Once-hot electric vehicle startups — years ago fueled by low interest rates, free cash and Wall Street bullishness — are now scrambling to prove they can survive in … Read more
CNBC’s Jim Cramer on Thursday said investors shouldn’t be treating their portfolios the same way that large hedge funds do. Instead of trading in and out of good companies, they should invest long term and be prepared for declines, he said. “You need to think about these kinds of challenges before you buy any stock, … Read more
Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute’s Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. Apu Gomes | Getty Images Tesla is being accused of taking steps to keep employees in Buffalo, New York, from unionizing, according to … Read more
A Zeekr 001 electric vehicle (EV) by Geely is seen displayed at the Zeekr booth during a media day for the Auto Shanghai show in Shanghai, China April 19, 2021. Aly Song | Reuters Chinese electric vehicle maker Zeekr priced its initial public offering at $21 a share Thursday, at the top end of its … Read more
