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June 10, 2021

Autos

Ferrari turns to chip firm for its new CEO as the industry looks to reinvent itself

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CNBC – For more and to sign up click here A Ferrari is parked outside the New York Stock Exchange in celebration of Ferrari Automotive Company’s IPO on October 21, 2015 in New York City. Andrew Burton | Getty Images Ferrari has appointed electronics pioneer Benedetto Vigna as its new......

Tesla’s China sales struggle to bounce back from an April slump

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CNBC – For more and to sign up click here Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020. Aly Song | Reuters BEIJING — Tesla‘s sales in China rose in May from the prior month, but failed to......

Ford’s new Maverick hybrid pickup will get 40 mpg in the city and starts at $19,995

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CNBC – For more and to sign up click here DETROIT – Ford Motor’s new Maverick truck will be the first pickup in America with a standard gas-electric hybrid engine when it goes on sale this fall starting at about $20,000. The company unveiled the compact pickup Tuesday as the......

Elon Musk says Tesla officially canceled the Model S Plaid Plus

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CNBC – For more and to sign up click here Tesla has canceled the most expensive variant of its flagship sedan, the Model S Plaid Plus, according to a tweet from CEO Elon Musk on Sunday. Previously, Tesla and Musk promised fans the tri-motor, Plaid Plus version of their new......

California will allow GM-backed Cruise to transport passengers in driverless test vehicles

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CNBC – For more and to sign up click here Cruise Origin driverless shuttle Cruise Cruise, the autonomous vehicle company that’s majority owned by General Motors, may soon be giving rides in driverless test vehicles to passengers in California. The California Public Utilities Commission (CPUC) said on Friday that Cruise......

Tesla shares drop on report of steep May sales decline in China

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CNBC – For more and to sign up click here A Model Y vehicle displayed at a Tesla flagship store on Jan. 4, 2021 in Shanghai, China. Gao Yuwen | Visual China Group | Getty Images Tesla shares dropped more than 4% in mid-day trading Thursday after a report that......

Tesla is recalling up to 7,696 Model 3 and Y vehicles over seat belt issues

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CNBC – For more and to sign up click here Tesla CEO Elon Musk views the new Tesla Model Y at its unveiling in Hawthorne, California on March 14, 2019. Frederic J. Brown | AFP | Getty Images According to the National Highway Traffic Safety Administration website, Tesla has initiated......

Tesla faces pressure as EV competition heats up, ex-Ford CEO says

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CNBC – For more and to sign up click here Elon Musk brought electric vehicles into the mainstream with Tesla. Now the EV company is grappling with the consequences of its own innovation, former Ford Motor CEO Mark Fields told CNBC on Wednesday. “One of the many things he did......

Tesla recalls 6,000 cars over risk of loose bolts

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CNBC – For more and to sign up click here Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020. Aly Song | Reuters Tesla is recalling 5,974 of its electric vehicles over concerns that their break caliber bolts might......

SEC said Elon Musk’s Tesla tweets violated settlement agreement, WSJ reports

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CNBC – For more and to sign up click here Elon Musk, founder of SpaceX and chief executive officer of Tesla Inc., arrives at the Axel Springer Award ceremony in Berlin, Germany, on Tuesday, Dec. 1, 2020. Liesa Johannssen-Koppitz | Bloomberg | Getty Images Last spring, the U.S. Securities and......

Tesla starts using cabin cameras to make sure drivers are paying attention

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CNBC – For more and to sign up click here Tesla CEO Elon Musk speaks during the unveiling of the new Tesla Model Y in Hawthorne, California on March 14, 2019. Frederic J. Brown | AFP | Getty Images Tesla has started using cabin cameras in some Model 3 and......

Car shoppers, seeking Memorial Day deals, face high prices, few discounts and low inventory

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CNBC – For more and to sign up click here Daniel Acker | Bloomberg | Getty Images Car shoppers hoping to cash in on Memorial Day weekend sales events may want to rein in their expectations. On top of reduced inventory due to a shortage of microchips — key parts......

Rolls-Royce launches the ‘most ambitious’ car it’s ever created

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CNBC – For more and to sign up click here Detail of the new Rolls-Royce Boat Tail on May 27, 2021, unveiled by Rolls-Royce CEO Torsten Muller-Otvos at the Home of Rolls-Royce in Goodwood, West Sussex, England. Jeff Spicer | Getty Images Entertainment | Getty Images Rolls-Royce Motor Cars on......

Tesla’s move from radar to vision costs it some safety endorsements — for now

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CNBC – For more and to sign up click here Tesla Model 3 Source: Tesla When Tesla decided to exclude radar sensors from its newer Model 3 and Model Y vehicles in the U.S., it had to downgrade functionality in these cars at least temporarily. As a result, Consumer Reports......

Suffering from sticker shock? Here are 3 things you shouldn’t buy now while prices are high

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CNBC – For more and to sign up click here If you are suffering from post-pandemic sticker shock, you are not alone. From gas and groceries to computers and clothing, everyday items are suddenly more expensive.   As the country recovers in the wake of the coronavirus outbreak and Americans put......

Electric vehicles need to be owned longer, driven further to offset ’embedded carbon,’ Jefferies says

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CNBC – For more and to sign up click here Electric vehicle manufacturing currently faces an “embedded carbon” challenge, says Jefferies’ Simon Powell. “To gain the environmental dividend that governments are looking for, users are going to have to keep them longer, drive them further than they may have done......

Tesla is ditching radar, will rely on cameras for Autopilot in some cars

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CNBC – For more and to sign up click here The interior of a Tesla Model S is shown in autopilot mode in San Francisco, California, U.S., April 7, 2016. Alexandria Sage | Reuters Tesla announced Tuesday that it is ditching radar for its driver-assistance features like Autopilot. In a......

Wall Street has high expectations for Ford’s investor day

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CNBC – For more and to sign up click here Ford CEO Jim Farley speaks with reporters outside the company’s world headquarters on May 19 in Dearborn, Michigan, following the debut of the electric F-150 Lightning pickup truck Michael Wayland / CNBC DETROIT — Wall Street has high expectations for......

Bitcoin attempts to close in on $40,000 after Elon Musk said he spoke to miners about energy usage

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CNBC – For more and to sign up click here Tesla, led by Elon Musk, confirmed that it purchased about $ 1.5 billion in bitcoin in January and expects to start accepting it as a payment in the future. Artur Widak | NurPhoto | Getty Images The price of bitcoin......

Lordstown Motors shares tumble after company slashes 2021 production plans, says it needs more capital

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CNBC – For more and to sign up click here Lordstown Motors Corp Chief Executive Steve Burns poses with a prototype of the electric vehicle start-up’s Endurance pickup truck, which it will begin building in the second half of 2021, at the company’s plant in Lordstown, Ohio, U.S. June 25,......

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