In this article TSLA Options traders are making a ton of noise in Tesla‘s stock as the company gears up to report earnings after the bell Wednesday. The electric vehicle manufacturer headed up by Elon Musk — who continues to make a lot of noise himself — has struggled so far this year, but the
Month: April 2022
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Renault Group is considering selling part of its Nissan stake, a move that could raise billions of euros for its shift to electric vehicles and ease long-standing tensions with its alliance partner, people familiar with the matter said. Nissan itself may be willing to buy some of the 1.83 billion shares in the Japanese automaker
8:54 PM ET Associated Press BAYTOWN, Texas — Steve Torrence took the No. 1 spot in Top Fuel qualifying Saturday at the final NHRA SpringNationals, moving past Brittany Force at Houston Raceway Park. The track that hosted its first national event in 1988 is closing after the event to make room for Katoen Natie’s expanding
Surging demand for light trucks could have BMW expanding production south of the border. BMW is exploring plans to build its top seller — the X3 compact crossover — at its underutilized Mexico assembly plant, according to a production forecaster who has familiarity with the discussions. Such a move would give the luxury automaker elbow
Autonomous driving start-up Pony.ai can collect fares for robotaxi rides in parts of two major Chinese cities as of Sunday. Pony.ai handout BEIJING — Self-driving start-up Pony.ai announced Sunday it received a taxi license, the first of its kind in China. The license allows Pony.ai to operate 100 self-driving cars as traditional taxis in the
The 2024 Chevrolet Blazer EV was spotted in prototype form for the first time. The electric crossover lacked production lighting elements, but seemed to feature a Camaro-inspired blunt front end that leads into flowing fenders. Audi Urbansphere concept Audi revealed the Urbansphere concept that hints at an electric minivan. The people mover would be aimed
General Motors’s BrightDrop announced that, in collaboration with FedEx, it set a new Guinness World Record title for the greatest distance traveled by an electric van on a single charge. The BrightDrop Zevo 600, formerly known as the BrightDrop EV600, completed the nearly 260-mile (418 km) trip from New York City to Washington, D.C., driven
BMW is exploring plans to build its top seller — the X3 compact crossover — at its underutilized Mexico assembly plant, according to a production forecaster who has familiarity with the discussions. The move would free capacity at BMW’s maxed-out U.S. factory to satisfy customer demand for its entire line of crossovers. Without revealing specific
2:34 PM ET Associated Press INDIANAPOLIS — The IndyCar Series and Indianapolis Motor Speedway are going green. Penske Entertainment, the parent company of the series, announced Friday that it will start implementing more eco-friendly plans starting with next month’s Indianapolis 500. The race is scheduled for May 29. All tires delivered to the speedway will
Early last year, a sales employee at Delray Buick-GMC in Florida submitted a two-week notice of resignation. Another staffer signaled he was thinking about doing the same. After the dealership had forged some success hiring a younger generation of sales employees new to the industry, the news of the likely departures triggered a rethink by
Electric vehicles might provide more than everyday transportation. The U.S. Department of Energy believes the ever-growing number of EVs on the road can serve as energy-storage devices that supply electricity — and resilience — throughout the country’s electrical grid. The department took steps to hasten that possibility last week by establishing a first-of-its-kind agreement between
CEO of Tesla Elon Musk says he confronted fellow billionaire Bill Gates about whether he was shorting Tesla’s stock. Musk is seen here at the Tesla Giga Texas manufacturing “Cyber Rodeo” grand opening party on April 7, 2022. Suzanne Cordeiro | AFP | Getty Images Elon Musk has accused Microsoft co-founder Bill Gates of shorting
By Joey Klender Posted on April 22, 2022 Video of a Tesla crashing into a $2 million Cirrus Vision jet at an aircraft event while operating on the “Summon” feature has been circulating through several Reddit communities. Initially shared in the r/flying subreddit, the video shows that was apparently captured by security cameras shows a
BERLIN — Europe’s automakers should wean themselves off fossil fuels from 2040, Audi CEO, Markus Duessmann, said, calling for quicker expansion of renewable energy capacity in Bavaria, where Audi is based, and elsewhere. Discussions around a possible embargo on Russian gas in light of Moscow’s invasion of Ukraine have raised pressure on companies and governments
10:15 PM ET Associated Press BAYTOWN, Texas — Brittany Force had the fastest pass in Houston Raceway Park history Friday to take the lead in Top Fuel qualifying at the final NHRA SpringNationals. Force broke her own speed record at the track with a 3.695-second run at 333.58 mph. The track that hosted its first
The Texas attorney general’s office is suing Vroom, an online used-vehicle retailer, for allegedly misrepresenting and failing to tell customers about holdups in transferring vehicle titles and obtaining registrations. The deceptive trade practices lawsuit, filed this week by Texas Attorney General Ken Paxton, claims Vroom “burdened thousands of customers” by not making them aware of
Carlos Ghosn, former Nissan chief executive officer, is in an ongoing legal battle amid allegations of financial misconduct. Bloomberg | Getty Images Carlos Ghosn has said he would receive a “fair trial” in France after being issued an arrest warrant in the latest of a string of charges brought against the disgraced former auto executive.
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