A Tesla Model Y is seen on a Tesla car lot on May 31, 2023 in Austin, Texas. Tesla’s Model Y has become the world’s best selling car in the first quarter of 2023. Brandon Bell | Getty Images Shreyansh Jain was ecstatic in March when he picked up his first electric vehicle, a brand-new … Read more
Tesla is recalling more than 120,000 vehicles over doors that fail to comply with U.S. government regulations. In a letter posted on the National Highway Traffic Safety Administration’s website Thursday, Tesla acknowledged the affected doors can be unlocked during a crash, which could cause the door to unlatch and open, increasing the risk of injury. Affected vehicles … Read more
New Kia cars are displayed on the sales lot at San Leandro Kia on May 30, 2023 in San Leandro, California. Justin Sullivan | Getty Images DETROIT – Sales of new vehicles in the U.S. are expected to increase slightly next year, as the automotive industry continues to normalize from the coronavirus pandemic and other … Read more
A Honda sign outside of a dealership on November 27, 2023 in Miami, Florida. Joe Raedle | Getty Images News | Getty Images Honda is recalling more than 2.5 million vehicles over potentially faulty fuel pumps. In documents posted on the National Highway Transportation Safety Administration’s website, Honda said affected models include 2018 through 2020 editions … Read more
Maskot | Maskot | Getty Images Both new and used car purchases were expensive for drivers this year, as limited inventory and high borrowing costs affected affordability. “Interest rates have taken such a toll on purchasing power,” said Ivan Drury, director of insights at Edmunds. Yet, consumers might begin to see lower prices in 2024, … Read more
Several Tesla electric vehicles are parked in front of a Tesla service center in the Kearny Mesa region, in San Diego, California, U.S., October 31, 2023. Abhirup Roy | Reuters Marko Sustic has bet big on Tesla this year. The investor, who also happens to work in the European auto industry, bought Tesla shares nearly … Read more
Tesla Model Y, equipped with FSD system. Three front facing cameras under windshield near rear view mirror. Mark Leong | The Washington Post | Getty Images Tesla drivers in the U.S. were involved in accidents at a higher rate than drivers of any other brand of vehicle over the past year, according to a new … Read more
Nikola founder Trevor Milton was sentenced Monday to four years in prison in connection to defrauding investors of the embattled electric- and hydrogen-powered truck maker. Milton also was fined $1 million and could later be forced to forfeit property as part of his sentence. The punishment was far lower than the 11 years prosecutors had … Read more
Security gate outside the Tesla Motors Gigafactory site east of Reno, Nevada. David Calvert | The Washington Post | Getty Images Tesla has informed workers at its battery factory in Sparks, Nevada, that some set-rate hourly workers there will see pay increases around 10% starting in early January 2024. According to internal materials seen by … Read more
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 Thursday’s key moments. 1. U.S. stocks climbed higher Thursday morning following three-straight days of declines, with the Magnificent Seven outperforming. The S & P 500 was up 0.7%, while the Nasdaq Composite gained … Read more
