The $100,000 electric truck market is here

The 0,000 electric truck market is here

Fronts of the GMC Sierra Denali,Tesla Cybertruck and Ford F-150 Lightning EVs (left to right). Michael Wayland / CNBC DETROIT – Tesla, General Motors, Rivian Automotive and Ford Motor have created a new market in the U.S. automotive industry of pricey, powerful and precarious electric pickup trucks that sell for $100,000 or more. Just five years … Read more

Top 10 people most likely to reach trillionaire status

Top 10 people most likely to reach trillionaire status

Combination showing Elon Musk (L), Gautam Adani (C), and Jensen Huang (R) Reuters A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. On Sept. 29, 1916, newspapers across the country announced a wealth … Read more

Toyota Slashes Its Already Low EV Targets

Toyota Slashes Its Already Low EV Targets

Good morning! It’s Friday, September 6, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. The Toyota CH-R Is Dead in America 1st Gear: Toyota Cuts EV Production Targets Toyota has already proven … Read more

Harris endorsed vs. Trump by Murdoch heir, CEOs of Yelp, Box Ripple

Harris endorsed vs. Trump by Murdoch heir, CEOs of Yelp, Box Ripple

U.S. Vice President and Democratic presidential candidate Kamala Harris speaks at a campaign event at the Throwback Brewery, in North Hampton, New Hampshire, on September 4, 2024. Joseph Prezioso | AFP | Getty Images WASHINGTON — Eighty-eight current and former top executives from across corporate America have endorsed Vice President Kamala Harris for president in … Read more

Elon Musk plan for government efficiency enters Trump platform

Elon Musk plan for government efficiency enters Trump platform

President Trump speaks at the Economic Club of New York on November 12, 2019. Adam Jeffery | CNBC NEW YORK — Former President Donald Trump on Thursday unveiled a new batch of economic policy proposals that include Tesla CEO Elon Musk’s idea of creating a government efficiency commission to eliminate wasteful federal spending, a shot … Read more

Rate cuts need to start before inflation’s 2%

Rate cuts need to start before inflation’s 2%

A ‘Now Hiring’ sign posted on the window of a business looking to hire workers on May 05, 2023 in Miami, Florida.  Joe Raedle | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need … Read more

Can’t wait until 2% to start cutting rates

Can’t wait until 2% to start cutting rates

A “Now Hiring” sign is displayed on a storefront in Adams Morgan Neighborhood on October 07, 2022 in Washington, DC. Anna Moneymaker | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, … Read more

Tesla Cybertruck is in a category of its own for better or worse

Tesla Cybertruck is in a category of its own for better or worse

A Tesla Cybertruck in front of a graffiti mural on Aug. 28, 2024 in Detroit. Michael Wayland / CNBC DETROIT – Spaceship. Dream car. UFO. Dumpster. Cool. Stupid. Phenomenal. Abomination. Those were all words used to describe the Tesla Cybertruck during a 24-hour rental of the vehicle in metropolitan Detroit. They were expressed by strangers, … Read more

Chrysler Not For Sale, Stellantis Won’t Kill Or Sell Any Brand

Chrysler Not For Sale, Stellantis Won’t Kill Or Sell Any Brand

Good morning! It’s September 2, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. The Property Brothers First Car Literally Spoke To Them 1st Gear: Stellantis Commits To All 14 Brands… For Now … Read more

BYD sales hit a record in August despite broader China EV slowdown

BYD sales hit a record in August despite broader China EV slowdown

BYD launched the BYD Seal in Europe at the IAA auto show in Munich, Germany. The electric sedan has a starting price of 44,900 euros ($48,479). Arjun Kharpal | CNBC BEIJING — Chinese electric car giant BYD sold a record number of passenger vehicles in August, with sales of hybrids growing faster than those of … Read more