[ad_1] CNN — A 41-year-old California man was placed under arrest Tuesday on multiple charges after he allegedly intended to drive off a cliff on the Pacific Coast Highway with three passengers in the car, authorities said. All four occupants of the Tesla survived the crash on Monday after the …
Read More »Tesla’s shares plunge further on weaker than expected sales
[ad_1] New York CNN — Tesla shares plunged more than 11% in early trading Tuesday, as weaker than expected global sales caused the company’s massive slide in its share price that began last year to continue. Tesla reported record 2022 sales of 1.3 million vehicles, up 40% from the 2021 …
Read More »A stomach-churning year for markets in 5 charts
[ad_1] New York CNN — Wall Street is bidding goodbye — and good riddance — to 2022. It has been a year most investors would rather forget. Russia’s invasion of Ukraine, snarled supply chains and another year of Covid turned markets on their head this year. Inflation surged around the …
Read More »Tax credit confusion could create a rush for electric vehicles in early 2023
[ad_1] CNN — As the new year begins, a number of popular electric vehicles, specifically some Tesla and General Motors models, could be eligible for $7,500 worth of tax credits they weren’t eligible for in 2022. But that eligibility may last only last a few months. That’s because limitations on …
Read More »Elon Musk’s Twitter obsession isn’t the core reason for Tesla stock’s plunge
[ad_1] New York CNN — A popular misconception has emerged about Elon Musk and Tesla: The megabillionaire’s love affair with Twitter is the main reason Tesla shares have lost so much value this year. But Tesla’s steep stock selloff this week proved that the problems at Musk’s car company go …
Read More »Test driving GM, Ford and Tesla ‘hands-free’ systems
[ad_1] The 2023 Lincoln Corsair will offer the company’s next-generation ActiveGlide hands-free advanced driver assistance system (ADAS) for highway driving including lane-changing, in-lane positioning and predictive speed assist. Lincoln DETROIT – Letting go is hard. Even if major automakers want to make it easier. Car companies are rapidly expanding technologies …
Read More »Auto execs less confident in EV adoption amid economic fears: KPMG
[ad_1] A NYC charging station seen in the Yorkville neighborhood of New York City. Adam Jeffery | CNBC DETROIT — Global automotive executives are less confident about the rate of adoption of electric vehicles than they were a year ago amid supply chain problems and rising economic concerns, according to …
Read More »Gilead Sciences, Moderna, Tesla and more
[ad_1] A sign is posted in front of the Gilead Sciences headquarters on April 29, 2020 in Foster City, California. Justin Sullivan | Getty Images Check out the companies making the biggest moves midday: General Mills — General Mills dropped 3.99%, despite reporting better-than-expected revenue and profit for the last …
Read More »Tesla gets downgraded on Wall Street over Elon Musk’s Twitter antics, banning of journalists
[ad_1] CNN — Elon Musk’s management of Twitter, including the banning of multiple journalists, has “severely damaged” market sentiment around Tesla, and risks sparking a backlash from advertisers and consumers, a Wall Street analyst warned on Monday. Oppenheimer & Co. downgraded its rating on Tesla, where Musk is the CEO, …
Read More »Disney, Tesla, Mesa Air and more
[ad_1] Visitors learn about a Tesla model S at the auto exhibition area of the 5th China International Import Expo in Shanghai, China, November 7, 2022. CFOTO | Future Publishing | Getty Images Check out the companies making the biggest moves midday Monday: Disney — Disney fell 3.6% after its …
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