Elon Musk Says Tesla Has Made More Than 3 Million Cars

Elon Musk Says Tesla Has Made More Than 3 Million Cars

May 17, 2021, Brandenburg, Grünheide: Tesla CEO Elon Musk stands at the Tesla factory construction site and greets with his helmet. Image Alliance | Image Alliance | Getty Images Tesla has made more than three million cars, CEO Elon Musk tweeted Sunday. Of that total, Tesla’s Shanghai factory has made one million cars, according to … Read more

George Soros deals a major blow to Tesla rival Rivian

George Soros deals a major blow to Tesla rival Rivian

It was a somewhat hectic August for Rivian (RIVN) . The startup, which is presented as one of Tesla’s (TSLA) biggest competitor in the race for electric vehicles, setbacks are currently piling up. The electric vehicle manufacturer just announced mixed results for its second quarter. While the company left its forecast to produce 25,000 vehicles … Read more

Billionaire George Soros Bets on Musk’s Tesla and Ford

Billionaire George Soros Bets on Musk’s Tesla and Ford

George Soros appears to have picked his winners in the electric vehicle race. In any case, the emblematic investor stakes his pawns as automakers fight with thunderous announcements to occupy this market, which is considered the future of the car, at least in the medium term. Soros, who until now had been content to invest … Read more

Tesla and Ford attract new investments from Soros’ fund

Tesla and Ford attract new investments from Soros’ fund

Billionaire George Soros’ investment fund has bought stakes in Tesla Inc. and Ford Motor Co. and added to existing interests in EV makers Lucid Group Inc. and Nio Inc., according to a filing late Friday. The fund acquired 29.5 million shares of Ford F, +2.21% in the reporting period ending in June, the filing showed. … Read more

Travel costs fell in July. This is how you score a good deal

Travel costs fell in July.  This is how you score a good deal

Flux factory | E+ | Getty Images Travelers saw prices fall for large parts of their vacation budget in July, offering at least a temporary reprieve after rising costs earlier this year. Airfares fell nearly 8% from June to July, while prices for rental cars and lodging, such as hotels, fell 9.5% and about 3%, … Read more

Inflation Reduction Act EV Tax Credits Could Hurt Sales

Inflation Reduction Act EV Tax Credits Could Hurt Sales

Tesla cars charge next to a traditional Texaco gas station in Nephi, Utah, on July 17, 2022. With more electric cars on the road, the lack of charging infrastructure is becoming an increasing problem for EV owners. George Frey | Getty Images According to several companies and a group representing major automakers such as General … Read more

Nikola CEO Mark Russell will retire at the end of this year

Nikola CEO Mark Russell will retire at the end of this year

Mark Russell, chief executive officer of Nikola Corp., departed during a media briefing at the unveiling of the Iveco-Nikola electric truck factory in Ulm, Germany, on Wednesday, September 15, 2021. Andreas Grebert | Bloomberg | Getty Images Nikola CEO Mark Russell will retire at the end of this year, the company announced on Wednesday. Russell … Read more

Automakers warn that most electric vehicles are not eligible for federal tax credit

Automakers warn that most electric vehicles are not eligible for federal tax credit

But the auto industry warns that the vast majority of EV purchases do not qualify for such a large tax break. That’s mainly because of the bill’s requirement that to qualify for the credit, an electric vehicle must contain a battery built in North America with minerals mined or recycled on the continent. And those … Read more

Elon Musk Sells 7.92 Million Tesla Shares Worth $6.88 Billion

Elon Musk Sells 7.92 Million Tesla Shares Worth .88 Billion

NEW YORK, NEW YORK – MAY 02: Elon Musk attends the 2022 Met Gala celebrating “In America: An Anthology of Fashion” at the Metropolitan Museum of Art on May 02, 2022 in New York City. (Photo by Dimitrios Kambouris/Getty Images for The Met Museum/Vogue) Dimitrios Kambouris | Getty Images Entertainment | Getty Images Tesla CEO … Read more

The red flag that preceded the halving of global stocks in 2000 and 2007 is back, Citi . warns

The red flag that preceded the halving of global stocks in 2000 and 2007 is back, Citi . warns

We are a day away from data that could be a turning point for markets. If Wednesday’s CPI shows no slowdown in prices, expectations will rise for a bigger Fed rate hike in September, potentially putting pressure on stocks. But if it sways the other way, especially after surprisingly good jobs data, the view that … Read more