In this article TSLA RIVN Follow your favorite stocksCREATE FREE ACCOUNT Tesla CEO Elon Musk smiles as he addresses guests at the Offshore Northern Seas 2022 (ONS) meeting in Stavanger, Norway on August 29, 2022. Carina Johansen | AFP | Getty Images Tesla shares surged 33% this week, marking their best weekly performance since May
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3:09 PM ET Associated Press DAYTONA BEACH, Fla. — Four-time Indianapolis 500 winner Helio Castroneves has ruled out running next month’s NASCAR season-opening Daytona 500. Castroneves has been chasing a seat since winning one of Tony Stewart‘s summer all-star races last season to win a bet with the SRX head that promised Castroneves help finding
Tesla Inc. and its outspoken CEO, Elon Musk, went into this week’s earnings call on shaky ground. The electric vehicle maker slashed prices across its lineup by up to 20 percent mid-January amid softening global demand and growing inventories. New revelations claimed Tesla faked a video promoting its driving-assistance software. And Musk faced his own
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Tesla CEO Elon Musk speaks at a delivery ceremony for Tesla China-made Model 3 in Shanghai, east China, Jan. 7, 2020. Ding Ting | Xinhua News Agency | Getty Images Elon Musk said that a Chinese automaker is likely to be the closest competitor to
5:33 PM ET Associated Press DAYTONA BEACH, Fla. — Bryan Herta wants to enter Robert Wickens in the Indianapolis 500 as early as 2024 — a year later than preferred as work continues on the hand controls needed for the paralyzed driver. Wickens suffered a spinal cord injury in a crash at Pocono Raceway in
American Honda Motor expects to increase its sales volume 25 percent this year over its disappointing 2022 performance, which resulted in under 1 million vehicle sales in the U.S. market and a last place finish among the top U.S. manufacturers. Honda brand projects it will close 2023 around 1.2 million sales, and Acura is targeting
In this article VOW3-FF Follow your favorite stocksCREATE FREE ACCOUNT Audi Activesphere EV concept Audi Audi’s new concept vehicle is an all-electric luxury SUV that uses augmented reality glasses and can double as a small pickup truck, signaling potential future technologies for the Volkswagen luxury brand. The rear glass of the “Activesphere” vehicle can slide
4:37 AM ET Sauber managing director Alessandro Alunni Bravi has been appointed as team representative for the Alfa Romeo Formula One team — a role similar to a traditional team principal. Former CEO and team principal Fred Vasseur left Alfa Romeo at the end of last year to join Ferrari, with McLaren team principal Andreas
When Biden administration officials unveiled a first-in-decades crackdown on pollution from heavy-duty trucks last month, they touted the requirements as a major step toward cleaner air and environmental justice. The measure compels engine makers to adopt technology designed to curb tailpipe emissions. Tucked inside the 1,200-page rule, though, is an exemption — pushed by manufacturers
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Elon Musk, chief executive officer of Tesla Inc., departs court in San Francisco, California, US, on Tuesday, Jan. 24, 2023. Marlena Sloss | Bloomberg | Getty Images Tesla shares rose as much as 11% on Thursday morning, after beating on the top and bottom lines,
12:18 PM ET The No. 60 Meyer Shank Racing Acura ARX-06 will start this weekend’s Rolex 24 At Daytona from pole position. Brian Cleary/Getty Images At its peak in the late 1980s and early 1990s, the International Motor Sports Association’s Grand Touring Prototype machines gave IndyCar absolute fits. The Andrettis were there, Mario and Michael, as
Tesla’s deep price cuts earlier this month have boosted demand beyond the automaker’s ability to make its cars fast enough, but volume production of the highly anticipated Cybertruck pickup won’t come until 2024, CEO Elon Musk said on Wednesday’s quarterly earnings call. “The most common question we’ve been getting from investors is about demand,” Musk
In this article 8TRA-DE VOLV.B-SE PCAR DTG-DE Follow your favorite stocksCREATE FREE ACCOUNT Semitruck makers have seen record demand for trucks in recent months and have pivoted from managing extremely tight supply constraints to filling orders now that parts are starting to flow more freely. “Demand for trucks is, I would say, unprecedented,” said David
6:16 AM ET McLaren is Formula One’s ultimate sleeping giant, but team CEO Zak Brown thinks it will have all the tools in place to compete for championships by 2025. Daniel Ricciardo‘s 2021 Italian Grand Prix win is McLaren’s only victory since the final race of the 2012 season, while the team’s last drivers’ championship
Dealers and automakers so far have an incomplete picture of how the new EV tax credits in the Inflation Reduction Act will be applied. Our LinkedIn live chat at 11 a.m. Eastern on Thursday will unpack some of the details. Join Executive Editor Jamie Butters live from Dallas ahead of our Retail Forum: NADA, reporter Audrey
Maskot | Maskot | Getty Images Getting a $7,500 tax break for the purchase of a new electric vehicle will likely get harder in a few months — meaning prospective buyers who want the financial incentive may wish to speed up their timeline. The Inflation Reduction Act, a historic climate law President Biden signed
Tesla Inc. said it plans to invest $3.6 billion in two new factories to build electric vehicle batteries and its all-electric Semi heavy-duty truck near an existing production site in Reno, Nev. The new battery operation will make Tesla’s latest so-called 4680 cells with capacity for use in as many as 2 million vehicles a
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT An aerial view of the Tesla Gigafactory near Sparks, Nevada Bob Strong | Reuters Tesla plans to spend $3.6 billion more on expanded battery and heavy duty truck manufacturing in Nevada, the company said Tuesday on social media. According to its public statements, Tesla intends