Customers experience new energy electric vehicles at a Tesla store in Shanghai, China, On December 4, 2021. Future Publishing | Future Publishing | Getty Images Tesla just reported first-quarter vehicle production and delivery numbers for 2022. Here’s how they did. Electric vehicle deliveries (total): 310,048 Electric vehicle production (total): 305,407 Over the same period last year, Tesla
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6:38 AM ET Red Bull Formula One boss Christian Horner praised Mercedes rival Toto Wolff for speaking out about the mental health issues that he has dealt with for more than a decade during unprecedented success. Wolff, an Austrian, told the Sunday Times last week that he had been seeing a psychiatrist since 2004 and
As Nissan gears up to launch a wave of pricey next-generation electric vehicles, the EV pioneer is turning to its dealers to share in some of the financial pain. The Japanese automaker is considering a cut of 2.5 percentage points in dealer margins on the Nissan Ariya, a 300-mile electric crossover set to arrive in
Filling up at the pump comes with a hefty dose of sticker shock. Russia’s invasion of Ukraine and global supply concerns have sent gas prices to record highs — hitting $6 in some parts of the country. To combat the spike in energy costs, the White House said it will release 1 million barrels of
3:56 PM ET Associated Press FORT WORTH, Texas — Josef Newgarden used the nonexistent high line to pass Scott McLaughlin in the final turn at Texas Motor Speedway and steal the IndyCar race his teammate had dominated. The Sunday win gave Team Penske back-to-back victories to open the season and 600 overall wins across all
DETROIT — The UAW in 2021 spent more money on legal fees for fewer officers than it did in 2020, according to an annual financial report filed Thursday with the U.S. Department of Labor. The union disclosed it spent $36,069 on legal fees for President Ray Curry, and $113,016 on legal fees for outgoing Vice
In this article GM A Chevrolet pickup truck is seen at the Knapp Chevrolet dealership on February 02, 2022 in Houston, Texas. Brandon Bell | Getty Images General Motors’ first-quarter U.S. sales fell 20% from a year ago, in line with analysts’ expectations, as ongoing supply-chain issues disrupted its production and kept dealers’ inventories tight.
9:18 AM ET Audi and Porsche owner Volkswagen is likely to give the green light for the two brands to make their entry into motor racing’s Formula One at a meeting next week, two sources familiar with the matter said on Thursday. “We will hopefully be able to communicate our intention to enter into Formula
EV maker Rivian Automotive Inc. says Russia’s invasion of Ukraine is adding to supply chain pressures and costs, becoming one of the first U.S. automakers to cite the war in Eastern Europe as a risk and headwind. In a regulatory filing Thursday, Rivian blamed the dispute between Russia and Ukraine, along with the ongoing pandemic
Michael Wayland / CNBC PHOENIX — “A ghost is driving the car.” That’s what my 5-year-old daughter said as I FaceTimed her recently from the backseat of a Waymo autonomous vehicle in the suburbs here. Motorists and pedestrians who passed by had a similar reaction. They pointed, stared and even gasped when they noticed there
General Motors will cancel production at Lansing Grand River Assembly next week due to a temporary parts shortage, spokesman Dan Flores told Automotive News. Flores did not disclose the nature of the parts shortage, but he said it was not related to microchips. GM expects to resume production at the Michigan plant, which builds the
11:30 AM ET Formula One cars will race under the lights down the Las Vegas strip in 2023 as part of a new event on the championship calendar, joining Austin and Miami as U.S. host venues. Las Vegas will hosts its event on a Saturday night in November, a rarity in an F1 calendar featuring
New Jeeps are displayed at a car dealership on October 05, 2021 in New York City. Spencer Platt | Getty Images Automakers will likely report sharp sales declines for March and the first quarter, industry analysts say, as an ongoing shortage of new vehicles has left car-shoppers with few – and often expensive – choices.
11:42 AM ET The all-female W Series will have 10 races on the Formula support schedule this season, two more than originally scheduled, after announcing on Wednesday opening and closing double-headers in Miami in May and Mexico in October. This year will be the series’ third season, with Britain’s Jamie Chadwick chasing her third crown
WASHINGTON — Major U.S. and foreign automakers on Wednesday backed the U.S. Environmental Protection Agency’s new tougher vehicle emissions regulations in a court challenge brought by some states and ethanol groups. Texas and 15 other states have challenged the EPA’s vehicle emissions rules that reverse a rollback of tailpipe rules issued under former President Donald
Xiaodi Hou, Co-founder & CTO, TuSimple, on Centre Stage during day two of Web Summit 2019 at the Altice Arena in Lisbon, Portugal. Vaughn Ridley | Sportsfile | Getty Images Xiaodi Hou co-founded autonomous-driving startup TuSimple a few years ago, but he just took over as CEO and chairman of the board March 3. Why?
5:06 AM ET Former motor sport boss Max Mosley died of a gunshot wound in the bedroom of his London home last May after being told his cancer was terminal, an inquest heard on Tuesday. His family had said at the time that the 81-year-old, who was one of the most influential figures in F1
BERLIN — Mercedes-Benz Group said its German plants are running even though the automaker has been forced to make some shift adjustments at its home plant in Sindelfingen plant due to supply chain disruption caused by Russia’s invasion of Ukraine. Sindelfingen, which builds the automaker’s flagship sedans, the S-Class and EQS, along with the E-Class
In this article TSLA Founder and CEO of Tesla Motors Elon Musk speaks during a media tour of the Tesla Gigafactory, which will produce batteries for the electric carmaker, in Sparks, Nevada. James Glover II | Reuters If Tesla CEO Elon Musk is serious about welcoming organizing efforts of the company’s U.S. workforce, the automaker
10:13 AM ET Mick Schumacher’s crash in last weekend’s Saudi Arabian Grand Prix qualifying could be a $1 million hit for Haas, according to team boss Guenther Steiner. The German driver missed Sunday’s race in Jeddah, despite being unhurt in the impact, with the shattered car needing a complete rebuild. “The chassis in itself doesn’t
Vietnamese startup VinFast is moving ahead with a U.S. manufacturing plan — and thinking big. According to a report from the News & Observer, VinFast plans to ultimately spend more than $4 billion to open an assembly plant in North Carolina that will create about 7,500 jobs by 2027. The initial investment will be $2
Elon Musk and fellow billionaires should pay it forward in taxes to support the next generation of entrepreneurs who can make a difference, Sen. Elizabeth Warren, D-Mass., told CNBC on Tuesday. “I’m happy to celebrate success, but let’s remember, Elon Musk didn’t make it on his own. He got huge investments from the government, from
4:46 PM ET JEDDAH, Saudi Arabia — For two consecutive days Formula One cars lapped Jeddah’s Corniche Circuit against the backdrop of a cloud of black smoke on the city’s skyline. The smoke was a result of a missile attack on an oil depot six miles to the east of the track that occurred 20
A former General Motors manager was indicted with conspiracy to commit bribery after allegedly accepting $3.4 million from an international parts supplier. Hyoung Nam So, 46, who goes by Brian So, was a global purchasing and supply chain manager at GM who oversaw parts used to build interiors of North American vehicles. In October 2015,
In this article TSLA Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China, January 7, 2019. Aly Song | Reuters SpaceX and Tesla CEO Elon Musk announced on Twitter on Monday that he has Covid. The announcement comes after Tesla’s factory in Shanghai faced regional Covid restrictions that reportedly require
7:00 AM ET AlphaTauri driver Pierre Gasly scored his first points of the Formula One season through gritted teeth at Sunday’s Saudi Arabian Grand Prix. The Frenchman, who finished eighth for the Red Bull-owned team after retiring his car in Bahrain the previous weekend, said the closing laps in Jeddah had been an agonising experience.
Tesla Inc. said Monday it would ask shareholders to vote at its annual meeting to increase the number of additional shares in order to enable a stock split. The Austin, Texas-based company’s shares rose 6 percent to $1,072.08 in trading before the bell. The stock split, if approved, would be the company’s latest after a
In this article 9868-HK XPeng delivered over 60,000 of its flagship P7 electric sedans in 2021. XPeng, Inc. U.S. listed shares of XPeng jumped in premarket trading Monday after the Chinese electric-vehicle maker reported a fourth-quarter loss that was narrower than Wall Street had expected. Xpeng said that it lost $202 million in the quarter,
5:44 PM ET Max Verstappen and Charles Leclerc provided a great on-track spectacle at Sunday’s Saudi Arabian Grand Prix, but the headlines generated off track this week will rightly continue to hang over this event for a long while to come. It was a strange F1 race weekend, with the 48 hours before the race
Shanghai will lock down the city in two phases to conduct a mass testing blitz for COVID-19, as authorities scramble to staunch a spiraling outbreak in the Chinese financial hub and beyond. At 5 am on Monday, the city of 25 million people locked down areas east of the Huangpu River, which includes the financial