Tesla Q1 net income drops 55% to $1.1 billion; revenue slides 9% to $21.3 billion
Gross margin fell in the first quarter to 17.4 percent from 19.3 percent in the year-earlier period......»»
Column: Why does Wall St. value Tesla 40% higher than Toyota?
Both face headwinds, but Toyota earned twice as much as Tesla in the most recent fiscal year......»»
Zeekr tops IPO goal to raise $441 million
The listing by EV upstart Zeekr is the biggest by a China-based company in the U.S. since Didi Global’s $4.4 billion IPO almost three years ago......»»
CarGurus reports net income jump, more digital wholesale losses
The vehicle listings company said its marketplace revenue grew by double digits and work to overhaul its wholesale business is continuing......»»
New Tesla feature opens the trunk automatically when you’re hands are full
Tesla owners who need assistance opening their trunk when their hands are full can now make use of a new feature......»»
Tesla’s new hands-free trunk feature will be a boon in certain situations
Tesla owners who find need assistance opening their trunk when their hands are full can now make use of a new feature......»»
ACV reports Q1 net loss of $20M; revenue up 22%
ACV also said the number of used vehicles transacted by dealers and commercial auto companies on its wholesale marketplace platform grew 15 percent year over year......»»
BP keen to buy Tesla supercharging sites for U.S. expansion
BP Plc’s electric vehicle charging arm is eager to snap up Tesla Inc. supercharging sites across the US — along with the workers behind them — and has pledged $1 billion to expand its network......»»
4 big takeaways from Rivian"s Q1 earnings report
Rivian reported a $1.45 billion net loss in the first quarter, higher than a year earlier. But it also laid out a roadmap for slashing production costs and launching a more affordable EV in 2026......»»
Apple drops three macOS release candidates in one day
Arriving two days after the rest of the operating systems, the release candidate of macOS 14.5 is now available alongside two older versions for testing ahead of full release.macOS on an iMac and MacBook ProOn Tuesday, Apple handed out the release ca.....»»
Accounting change drives down Cars Commerce Q1 net income
Cars Commerce's 2023 acquisition of D2C Media helped promote revenue gains, and price increases helped boost average revenue per dealer......»»
The top 10% are the main beneficiaries of globalization, says study
The income of many people around the world has considerably increased due to the economic globalization of the last 50 years. However, these income gains are unevenly distributed. A study by Dr. Valentin Lang, junior professor of political economy at.....»»
Tesla is under a federal wire fraud probe for misleading investors
Prosecutors are combing subpoenaed materials for evidence Tesla knowingly misled. Enlarge (credit: Aurich Lawson | Tesla | Airplane!) There's more bad news for Tesla. On Monday, we learned that CEO Elon Musk is continuin.....»»
Tesla confirms "one day" shutdown at German factory
Tesla has asked German employees to work from home on Friday when activists plan to protest against expansion plans outside its factory near Berlin......»»
Mitsubishi eyes U.S. market EV from Nissan as North America takes center stage
Mitsubishi CEO Takao Kato books record operating income and says North America has swapped places with Southeast Asia to become its earnings engine......»»
Deals: Apple Watch Series 9 models $100 off today, plus AirTags, AirPods, and more
While pre-orders are now live at major online retailers for Apple’s new M4 iPad Pro, iPad Air, and Apple Pencil Pro, the deals are still rolling elsewhere this afternoon. Firstly, we are tracking straight up $100 price drops on Midnight, Silver, an.....»»
Tesla’s self-driving claims subject to federal securities and wire fraud probe
Prosecutors are combing subpoenaed materials for evidence Tesla knowingly misled. Enlarge (credit: Aurich Lawson | Tesla | Airplane!) There's more bad news for Tesla. On Monday, we learned that CEO Elon Musk is continuin.....»»
Researchers map out anatomy of wooden breast syndrome in broiler chickens
Each year, Delaware farms raise more than 240 million broiler chickens, the top agricultural commodity in the state with a $3.5 billion impact on the state's economy......»»
In Tesla Autopilot probe, U.S. prosecutors focus on securities, wire fraud
U.S. prosecutors are examining whether Tesla committed securities or wire fraud by misleading investors and consumers about its electric vehicles’ self-driving capabilities, three people familiar with the matter told Reuters. .....»»
GM tries to lure Tesla’s jilted interns during mass downsizing
General Motors Co. hopes to take advantage of Tesla Inc.’s downsizing, with a company recruiter reaching out to former interns who were sent packing by the electric-vehicle maker......»»
Tesla Fires Bulk of Supercharger Team in Blow to Other Automakers
The decision to cut the nearly 500-person group, including its senior director, Rebecca Tinucci, was made by Chief Executive Officer Elon Musk. Tesla Inc. eliminated almost its entire Supercharger organization, which has built a vas.....»»