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cnbc.com

Monday, May 6

14

U.S. automakers like GM are rapidly losing ground in China, once an engine for growth

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GM's fall from grace in China is staggering amid geopolitical tensions with the U.S., along with changing consumer sentiment and increased domestic competition.

Friday, May 3

08

China's automakers must adapt quickly or lose out on the EV boom in the face of regulatory scrutiny abroad and competition at home

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Adoption of battery and hybrid-powered cars has surged in China, but an onslaught of new models has fueled a price war, while regulatory scrutiny grows abroad.

Don't rate Tesla's Full Self Driving too highly, tech investor says: 'By no means autonomous driving'

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A top fund manager focusing on tech says Tesla's Full Self Driving product lacks qualities that would make it an example of truly "self-driving" technology.

Thursday, May 2

09

Shares of Nio soar more than 20% as EV deliveries more than double in April

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Hong Kong-listed shares of Chinese electric vehicle maker Nio Inc jumped 20% in early trading, after its vehicle deliveries more than doubled in April.

Wednesday, May 1

23

Carvana shares spike 30% as used car retailer posts record first quarter

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Carvana reported record first-quarter results Wednesday that beat Wall Street's top- and bottom-line earnings expectations for the online used car retailer.

13

To train car dealers on EVs and other topics, Ford turns to gamification and AI-powered education

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Dealership employees, who are employed outside Ford by dealers, are crucial for the company's sales, performance and customer engagement and satisfaction.

12

Luxury carmaker Aston Martin slumps 6% as losses nearly double

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Adjusted loss before tax was £110.5 million ($137.8 million) compared to a loss of £57.3 million the previous year.

01

Tesla shares drop nearly 6% after Musk cuts about 500 jobs in Supercharger team

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Tesla is continuing a sweeping reorganization and laying off some 500 employees from its Supercharger team.

Tuesday, Apr 30

18

Jeep maker Stellantis down 10% on sharp fall in revenue as it prepares for slew of new models

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Global automaker Stellantis on Tuesday reported a 12% decline in revenue in the first quarter, citing lower sales and foreign exchange effects.

Monday, Apr 29

05

Musk makes surprise visit to Beijing as Tesla's China-made cars pass data security rules

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Local authorities removed restrictions on Tesla cars after the company passed China's data security requirements, the automaker said Sunday.

Friday, Apr 26

20

Federal regulator finds Tesla Autopilot has 'critical safety gap' linked to hundreds of collisions

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Federal authorities say a "critical safety gap" in Tesla's Autopilot system contributed to at least 467 collisions, 13 resulting in fatalities.

12

Chinese EV start-ups Nio and Xpeng turn to the mass market for growth

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Chinese electric car start-ups Nio and Xpeng are turning to a lower-priced segment of the market with plans to release newly-branded cars this year.

05

Former Tesla SVP Drew Baglino is selling $181.5 million worth of stock, SEC filing says

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Drew Baglino, who announced he'd be leaving Tesla on April 15, is selling 1.14 million shares of the electric car company, according to a filing on April 25.

03

India 'confident' new EV policy measures will allow more foreign players to enter market

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Last month, the government rolled out key initiatives, aimed at boosting the country's position in EV manufacturing.

Thursday, Apr 25

18

Honda to build $11 billion electric vehicle hub in Canada

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Honda and its joint venture partners plan to invest $11 billion in Ontario, Canada, to create a "comprehensive EV value chain," the automaker announced.

09

Xpeng's Gu says robotaxis won’t be a real business for at least five years

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Xpeng, a China-based electric car startup that is also selling in Europe, has made driver-assist software one of its selling points.

03

Geely-backed luxury EV brand Zeekr says it's already beating Tesla in parts of China

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EV brand Zeekr is selling more cars than Tesla in parts of China, and plans to expand in Europe and Latin America this year, Zeekr CEO Andy An told CNBC.

02

Wednesday, Apr 24

23

Ford tops first-quarter earnings estimates as commercial unit offsets EV losses

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Sales of Ford Motor trucks and other commercial vehicles led the automaker to beat Wall Street's earnings estimates for the first quarter.

Tesla surges after Elon Musk says new affordable EV models coming

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Tesla shares surged 12% on Wednesday after CEO Elon Musk said the company plans to produce new affordable EV models by early 2025.

15

Elon Musk is keeping investors' dreams of a Tesla robotaxi alive

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Tesla CEO Elon Musk continues to promise investors that autonomy is in the company's future even as financials deteriorate.

12

Volvo Cars shares down 8% as first-quarter revenues fall

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Swedish automaker Volvo Cars on Wednesday reported an uptick in first-quarter core operating profits driven by strong retail sales.

08

China's Xiaomi is selling more EVs than expected, raising hopes it can break even sooner

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Chinese smartphone company Xiaomi aims to sell at least 10,000 pure electric cars a month, for more than 100,000 deliveries this year, said CEO Lei Jun.

07

Tesla shares jump 13% after Musk says company aims to start production of affordable new EV by early 2025

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Tesla reported disappointing earnings and revenue, but the stock rose on optimism that a new affordable EV model could enter production sooner than expected.

Tesla’s entry into India’s EV market will be 'good news’ for the country, says MG Motor India

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India's EV sector still lacks competition, but entry from international automakers like Tesla will level the playing field, MG Motor India's CEO Emeritus.

Tuesday, Apr 23

23

Tesla cutting around 2,700 jobs in Austin and more than 3,300 in California as part of broad restructuring

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Tesla is eliminating about 12% of its workforce at a factory in Austin, Texas, where the electric vehicle company is headquartered.

13

General Motors raises 2024 guidance after big first-quarter earnings beat

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GM's North American operations, driven by truck sales, were largely responsible for the company's first-quarter beat and guidance raise, the automaker said.

Monday, Apr 22

22

Tesla shares slide to 15-month low ahead of earnings, as Wall Street frets over price cuts, layoffs

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Tesla's stock dropped for a seventh straight day on Monday, ahead of a highly anticipated earnings report from the electric vehicle company.

20

What investors should know about the UAW's organizing drive of VW

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The historic vote could have wide-ranging impacts on other automakers, organized labor and the overall U.S. automotive industry.

Saturday, Apr 20

05

VW workers in Tennessee vote to join UAW in historic win for Detroit union

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Volkswagen workers in Tennessee have voted in favor of the United Auto Workers — marking the union's first successful organizing drive of a foreign automaker.