Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company’s plant in Normal, Ill. Michael Wayland | CNBC Shares of Rivian Automotive declined about 10% on Tuesday after the company reported increased vehicle production during the fourth quarter but fewer deliveries than the previous period. The electric vehicle company said it … Read more
Tesla just published its fourth-quarter vehicle production and deliveries report for 2023. Here are the key numbers: Total deliveries Q4 2023: 484,507 Total production Q4 2023: 494,989 Total annual deliveries 2023: 1,808,581 Total annual production 2023: 1,845,985 In 2022, the Elon Musk-led automaker reported annual deliveries of 1.31 million and production of 1.37 million electric vehicles. The new … Read more
Praetorianphoto | E+ | Getty Images The $7,500 tax credit for new electric vehicles will be easier for many consumers to claim in 2024, but it may be more difficult for others. These opposing dynamics are due to federal policies taking effect at the same time. One policy kicking in Jan. 1 will allow car … Read more
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 1, 2023. Brendan Mcdermid | Reuters This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they … Read more
The S&P 500’s tantalizingly close to an all-time high. The index added 0.04% yesterday to close at 4,783.35, just about 10 points away from its record close. Read original article here Denial of responsibility! Pioneer Newz is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is … Read more
Chinese smartphone company Xiaomi revealed on Dec. 28, 2023, its forthcoming electric car, the SU7 sedan. CNBC | Evelyn Cheng BEIJING — Chinese consumer electronics company Xiaomi on Thursday detailed plans to enter China’s oversaturated electric vehicle market and compete with automaker giants Tesla and Porsche with a car model it says it spent more … Read more
It is often said that a car begins losing its value as soon as you drive it off the lot. The reasons why boil down to some Nobel Prize-winning insights about human behavior and some quirks of the automotive industry. Everyone in the automotive industry keeps a close eye on depreciation: owners and buyers concerned … Read more
I knew something was amiss when the taxi meter read 10.50 euros as we pulled away from the Roma Termini train station. While negotiating the evening rush hour traffic and typing into a translation app on his cell phone, the cab driver suggested the starting fare included a surcharge for all rides from Rome’s main … Read more
San Francisco police Sergeant David Radford contacted Tesla in May 2020 with a request on a case: Could the automaker provide data on an alleged stalker’s remote access to a vehicle? A woman had come into the station visibly shaken, according to a police report. She told police that her abusive husband, in violation of … Read more
Nio’s ET5 stands on display at the Central China International Auto Show on May 25, 2023, in Wuhan, China. Getty Images | Getty Images News | Getty Images Nio on Tuesday reported narrowing losses in the third quarter, but gave a revenue forecast below market expectations. Here’s how Nio did in the third quarter, according … Read more
