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Tesla Closes Below $600 for the First Time Since December — Here's What's Weighing the Stock Down
The threat of inflation is hurting stocks that are based on presumed future growth, and competition and parts shortages are also hurting.
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Tesla Launches Social Platform to Spur Owners to Take Political Action on Its Behalf
Tesla is using its updated social platform to spur owners to take political action that benefits Tesla and potentially other EV businesses.
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VW Expects Half of U.S. Sales to Be Electric Vehicles by 2030
Volkswagen is accelerating plans to increase sales of all-electric vehicles globally in the U.S., Europe and China.
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Ford Quietly Begins Production of New ‘C' Pickup in Mexico
The pickup – potentially named Maverick – is expected to be smaller than Ford’s current Ranger model.
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GM Evaluating Second U.S. Battery Plant for EVs Amid Construction of $2.3 Billion Facility in Ohio
Battery and battery cell production are considered linchpins to unlocking GM’s plans for its next-generation EVs to be profitable.
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Billionaire Investor Ron Baron's Firm Sold 1.8 Million Tesla Shares Despite Saying Price Will Hit $2,000
Baron, a longstanding Tesla shareholder, said that his firm sold the shares because they were becoming too large a percentage of some portfolios.
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Aston Martin Launches First F1 Car in Over 60 Years
British luxury carmaker Aston Martin on Wednesday launched a new Formula One car ahead of its return to the most famous motor racing event in the world.
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Monthly Auto Loan Payments Surge to Record Highs as Borrowing Hits Biggest One-Year Jump, Experian Says
The average monthly new auto loan payment is approaching $600 according to Experian, which analyzes millions of new and used vehicle loans.
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Taiwan Chips Will Stay Competitive Despite Rising Challenge From China, Taiwan Minister Says
Taiwan will remain competitive in the semiconductor industry in the face of Chinese ambitions, Wang Mei-hua, the island’s minister of economy told CNBC.
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Fiat Chrysler Spent Over $300 Million on Green Credits in Europe Last Year — Mostly From Tesla
The automaker committed to spend about $2 billion on environment related fines and regulatory credits through the end of 2021.
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Ride-Sharing Stocks a Rare Bright Spot in Otherwise Miserable Day for Tech
Lyft stock closed up more than 8%, while Uber gained 2.6%.
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Ample Is Trying to Make Battery Swapping for EVs a Reality, Starting With Uber Drivers in the Bay Area
Ample has opened its first electric vehicle battery swap stations — in the San Francisco Bay Area. Uber drivers are their first customers.
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FedEx Pledges $2 Billion Toward Carbon-Neutral Operations by 2040, Aims for All-Electric Fleet
Logistics giant FedEx said on Wednesday that it aims to replace all of its parcel pickup and delivery vehicles with a sustainable electric fleet by 2040.
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GM Extends Plant Shutdowns Due to Global Semiconductor Chip Shortage
The decision to extend the shutdowns is in an effort to prioritize chips for production of GM’s full-size pickup trucks and SUVs.
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Detroit Expands Covid Vaccine Eligibility to Autoworkers
Autoworkers in Detroit are now eligible to receive the Covid-19 vaccine without any restrictions such as age or proof of preexisting conditions.
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Tesla Won't Be ‘King of the Hill' in Electric Vehicles Forever, Says Ex-Board Member Steve Westly
Tesla is facing “competition from all sectors. They’re going to have to double down to compete,” early investor and ex-board member Steve Westly told CNBC.
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How to Cut Costs at the Pump as Gas Prices Keep Rising
As demand for gasoline picks up and prices continue edging upward, it can make sense to try reducing what you pay at the pump.
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Tesla Vs. Lucid: Here's How the EV Rivals Are and Aren't Alike
Lucid is following Tesla’s playbook with manufacturing, sales and service while charting a different path with EV charging infrastructure and advertising.
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Truck Sharing Start-Up Fluid Truck Raises Capital in Bid to Disrupt Rental Industry
As Fluid Truck looks to expand, it will be leveraging its relationship with IKEA.
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Chinese Tesla Rival Nio Says Global Chip Shortage Will Hit Its Electric Car Production
Chinese electric car start-up Nio said Tuesday a global chip shortage will force it to produce fewer cars in the second quarter.