WILMINGTON, Del. — Tesla Inc.‘s directors agreed to settle a shareholder lawsuit challenging their compensation by returning to the company the value of 3.1 million stock options, worth $735 million, according to a Monday filing in a Delaware court. The settlement resolves a 2020 lawsuit by a retirement fund which holds Tesla stock and challenged
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Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. Watch Morgan Stanley Hold Eli Lilly Buy Ford 1. Watch Morgan Stanley Bank stocks climbed higher Tuesday, as Club holding Morgan Stanley (MS) delivered an earnings beat. Equities more broadly
Mercedes-AMG will debut its first performance hybrid crossover following this spring’s redesign of the workhorse GLC model. The 2024 Mercedes-AMG GLC 43 compact crossover will arrive at U.S. stores in early 2024. The 2025 Mercedes-AMG GLC 63 S E Performance will follow later in the year. Mercedes delivered 65,531 GLC crossovers in the U.S. last
CNBC’s Jim Cramer on Monday analyzed Ford Motor‘s move to slash prices for its electric F-150 Lightning pickup truck. Cramer said he thinks the price cuts are due at least in part to the novelty of EVs wearing off for many Americans. Ford announced on Monday it would cut prices for all versions of the
Ford Motor Co. on Monday reduced prices for its F-150 Lightning electric pickups by about $6,000 to $10,000, depending on trim, citing lower material costs and higher production capacity. The price cuts could help the company maintain strong sales when most electric vehicle inventories are rising as production levels outstrip demand. They follow more price cuts
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT 2024 Chevrolet Traverse LANSING, Mich. – General Motors on Monday revealed a redesigned version of its popular Chevrolet Traverse crossover with a more truck-like appearance that the company hopes will attract new buyers. The 2024 Chevy Traverse’s exterior features a more sculptured design than the
Associated Press Jul 16, 2023, 04:30 PM ET TORONTO — Christian Lundgaard won the Honda Indy Toronto on Sunday. It is Lundgaard’s first victory of the IndyCar season. The Dane started the race on the pole but ultimately won because of a failed strategic gamble by Scott McLaughlin and Scott Dixon. IndyCar seasons standings leader
Numerous industries have been experimenting with the artificial intelligence-driven conversational chatbot, ChatGPT, since it debuted late last year. Users have applied the technology to create fitness and diet plans, write emails and job postings, talk with customers and even write code — with varying degrees of success. Auto dealers are dipping their toes in this
Associated Press Jul 15, 2023, 04:38 PM ET NEWRY, Maine — A competitor was killed in a crash on the first day of a rally race through a forest in western Maine, leading organizers to cancel the event’s second day. Erin Kelly, a 48-year-old woman from Marshall, Virginia, was killed Friday when her team’s car
Almost four years after Elon Musk first unveiled Tesla Inc.’s debut pickup, the automaker has built its first Cybertruck at its plant in Austin, Texas. Tesla shared the development Saturday on Musk-owned Twitter, posting a photo of workers in safety vests and helmets obscuring much of the vehicle. When Musk first showed a prototype of
Associated Press Jul 15, 2023, 05:58 PM ET TORONTO — Christian Lundgaard mastered driving in the rain when he was growing up in Denmark. He’ll have to put that to the test at the Honda Indy Toronto. Lundgaard took the pole on a wet street course at Toronto’s Exhibition Place on Saturday, finishing 0.3223 seconds
DETROIT — One of the few certainties about this year’s contract talks between the UAW and the Detroit 3 is that they will be far from routine. With two months to go before the pacts expire, union leaders are bucking tradition and employing new tactics to win meaningful gains for members in what President Shawn
Walser Automotive Group instituted an antifraud training regimen for sales and finance personnel in 2021 after recognizing the opportunity remote deals offered scammers and finding itself fooled by fraudsters as well. The training has led to the group spotting multiple scammers, according to Walser Senior Director of Finance Jennifer Parsons, who spearheaded the antifraud effort.
In this article UBER LYFT Follow your favorite stocksCREATE FREE ACCOUNT New York City’s yellow taxis have been a symbol of the metropolis for decades. But taxi drivers only make up about 10% of the total driver landscape in the city — giving way to Uber and Lyft. While this is in large part due
Jul 14, 2023, 01:03 PM ET Dwyane Wade, the three-time NBA champ, who will be inducted into the Naismith Basketball Hall of Fame in August, already had a partial ownership stake with the Utah Jazz. The former Miami Heat star added to his portfolio with something a bit closer to home. Wade, a Chicago native,
Vietnamese automaker VinFast is facing consumer skepticism after launching its first electric vehicle in the U.S. earlier this year. Experian data shows the EV maker with just 128 new-vehicle registrations for its VF 8 crossover from January to May. VinFast is selling the two-row VF 8 in California, the biggest EV market in the country,
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Elon Musk announced his new company xAI which he says has the goal to understand the true nature of the universe. Jaap Arriens | Nurphoto | Getty Images Tesla CEO Elon Musk said on Friday that he plans for his newest venture, the artificial intelligence
Jul 14, 2023, 09:52 AM ET Alfa Romeo driver Zhou Guanyu has become a global ambassador for Special Olympics, he announced on Friday. The 24-year-old Formula One driver welcomed Special Olympics Great Britain athletes to the paddock at Silverstone last weekend ahead of the British Grand Prix, where he eventually finished 15th. “It’s a huge