Tesla cuts prices nearly across the board and appears to be pushing more people into Full Self Driving. Disney is making a popular automotive ride all-electric. Airless tires look like the future. And do in-wheel motors make more sense for EV conversions? This and more, here at Green Car Reports. The Tesla Model Y undercuts the Model 3 by $5,000—for
India's EV sector still lacks competition, but entry from international automakers like Tesla will level the playing field, MG Motor India's CEO Emeritus.
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Shares of General Motors increased by nearly 5% Tuesday morning following the announcement of better-than-expected first-quarter earnings. The automotive company also raised its full-year predictions and reported a reduction in the cost of batteries for its electric vehicles. The company announced that its earnings per share for the first quarter increased by 18.5% to $2.62, while its revenue grew nearly 8% to $43.01 billion. Analysts had predicted earnings of $2.13 per share with sales...
General Motors plans to leave its RenCen world headquarters for Dan
Tesla announced global workforce reductions of "more than 10%" in an internal email Monday to staff from CEO Elon Musk, according to electric-vehicles.com, a specialist outlet, in a report later covered by Reuters.Newsweek has not seen the original email and was unable to verify its content. Tesla did not respond to a request for comment.The ContextThe reported layoffs come amid a tough start to the year for Elon Musk and his electric-vehicle company. Quarterly results released at the beginning...
General Motors on Tuesday posted quarterly results that topped Wall Street targets and raised its annual forecast, citing stable pricing and demand for its gas-engine vehicles, sending shares up 3.45% in pre-market trading. “Our consumer has been remarkably resilient in this period of higher interest rates,” GM Chief Financial Officer Paul Jacobson said. While the company started 2024 strong, CEO Mary Barra still has two large challenges ahead: turning around GM's shrinking sales in China, and...
Fifteen years ago this week (April 15, 2009), the grassroots Tea Party movement rallied to oppose the massive government programs (bailouts, ObamaCare) pushed by new President Barack Obama. In response, left-wing cable networks employed adolescent jokes to belittle the movement, while the broadcast networks decried it as a front for “corporate interests.” The media putdowns failed, of course. The following November, the energy supplied by the Tea Party contributed to a “shellacking” of...
Fifteen years ago this week (April 15, 2009), the grassroots Tea Party movement rallied to oppose the massive government programs (bailouts, ObamaCare) pushed by new President Barack Obama. In response, left-wing cable networks employed adolescent jokes to belittle the movement, while the broadcast networks decried it as a front for “corporate interests.” The media putdowns failed, of course. The following November, the energy supplied by the Tea Party contributed to a “shellacking” of...
Wall Street expects GM to report solid results for the first quarter, with vehicle pricing remaining higher than anticipated.
Donald Trump went after Judge Merchan on social media moments after the gag order hearing during his hush money election interference trial. Yet, Trump looked “small, tired and alone” in the courtroom experts in attendance observed.