Elon Musk teases massive Tesla stock buyback as CFO trims forecast for annual deliveries and stock falls

Tesla Inc. Chief Executive Elon Musk suggested the electric-vehicle maker could repurchase up to $10 billion worth of its stock Wednesday, as shares declined following a third-quarter revenue miss and...

Tesla, IBM, Alcoa and more

A general view shows the Tesla logo on the Gigafactory in Gruenheide near Berlin, Germany, August 30, 2022. Annegret Hilse | Reuters Check out the companies making headlines after hours. Tesla — Share...

Biden’s EV tax credit rules deal ‘astronomical’ blow to business

DETROIT – The Biden administration’s elimination of tax credits for imported electric vehicles deals a massive blow to Hyundai Motor’s business, an executive for the automaker said Wednesd...

Wall Street eyes auto industry earnings for signs of ‘demand destruction’

A sign advertises to purchase cars at a used car dealership in Arlington, Virginia, February 15, 2022. Saul Loeb | AFP | Getty Images DETROIT – Since the start of the pandemic in early 2020, U.S. auto...

Stellantis debuts electric Jeep, pledges new energy target

The Stellantis CEO Carlos Tavares photographed next to a Jeep Avenger at the Paris Motor Show on October 17, 2022. Nathan Laine | Bloomberg | Getty Images The CEO of Stellantis told CNBC Monday that t...

Netflix and Tesla stocks are not having a good year, but here comes a chance to turn it around

Two stocks that have defined Wall Street’s boom in the past decade — streaming giant Netflix Inc. and electric-vehicle maker Tesla Inc. — will hope to turn around some poor recent trajectories as earn...

Nio shorts may have covered too soon, as EV maker’s stock sinks to more than 2-year low

Shares of Nio Inc. sank to the lowest prices seen in more than two years, disappointing not only bulls, but also likely the many bears who have just covered their short positions. While short selling,...

‘We’ll just keep funding Ukraine govt for free’

A smartphone with the Starlink logo displayed on the screen. Sopa Images | Lightrocket | Getty Images Elon Musk said in a tweet Saturday that his company SpaceX would continue to fund Starlink satelli...

Take any chance to sell stocks in busy earnings week

CNBC’s Jim Cramer on Friday advised investors to take any chance to sell stocks next week as the busy earnings season continues. “The market’s dominated by the tick, tick, tick of bo...

Sony and Honda plan to start U.S. deliveries of their EV in 2026

Yasuhide Mizuno, the chairman and CEO of Sony Honda Mobility Inc., speaks during a news conference in Tokyo, Japan, on Oct. 13, 2022. Kiyoshi Ota | Bloomberg | Getty Images The Sony-Honda joint ventur...

JPMorgan Chase, Albertsons, Tesla, Beyond Meat, Delta and more

Delta Airlines passenger jets are pictured outside the newly completed 1.3 million-square foot $4 billion Delta Airlines Terminal C at LaGuardia Airport in New York, June 1, 2022. Mike Segar | Reuters...

Polestar unveils $84,000 electric SUV, Polestar 3, to cement U.S. foothold

Polestar 3 Courtesy: Polestar Swedish EV maker Polestar on Wednesday unveiled a new electric SUV that it’s counting on to expand its sales and presence in the United States. The new model, calle...

Former Google ads boss raises $40 million for ‘Web3’ search startup

Google’s senior vice president of advertising and commerce Sridhar Ramaswamy Krisztian Bocsi | Bloomberg | Getty Images A top former Google executive wants to make searching the blockchain easie...

Lyft president still thinks driverless cars will dominate ride-share

Confetti falls as Lyft CEO Logan Green (C) and President John Zimmer (LEFT C) ring the Nasdaq opening bell celebrating the company’s initial public offering (IPO) on March 29, 2019 in Los Angele...

GM Energy launches to connect homes, businesses with EV chargers, energy storage

Electric Chevrolet Silverado shown at the New York Auto Show, April, 2022. Scott Mlyn | CNBC General Motors on Tuesday said that it is forming a new business unit to offer stationary battery packs, so...

Jamie Dimon says Musk should ‘clean up Twitter,’ echoes bot concerns

JP Morgan CEO Jamie Dimon speaks at the Boston College Chief Executives Club luncheon in Boston, Massachusetts, U.S., November 23, 2021. Brian Snyder | Reuters Jamie Dimon appears to be a fan of Elon ...

Stellantis looks to Australian materials for its EVs

This image, from July 2021, shows a Citroen e-C4 electric vehicle on display at a showroom in Paris, France. Citroen is a brand of Stellantis, one of the world’s biggest automakers. Benjamin Gir...

Ford stock is now a ‘sell’ at UBS as an oversupply problem looms

Shares of Ford Motor Co. were hit hard Monday by UBS analyst Patrick Hummel’s recommendation that investors sell, as the auto industry is facing a worrisome U-turn from undersupply to oversupply. Humm...

Ford, General Motors, Rivian and more

Take a look at some of the biggest movers in the premarket: Ford (F), General Motors (GM) – UBS downgraded both automakers, cutting Ford to “sell” from “neutral” and downgradin...

Musk says Beijing doesn’t want him to sell Starlink in China: FT report

Elon Musk told the FT that Beijing doesn’t want him to sell his Starlink satellite internet service in China. In this picture, Musk speaks about Starlink at Mobile World Congress in June 2021. N...

How GM plans to convince car buyers to make the EV switch

Electric Chevrolet Silverado shown at the New York Auto Show, April, 2022. Scott Mlyn | CNBC When people think of electric vehicles, their minds typically jump to Tesla. But Elon Musk’s company ...

CVS, Credit Suisse, AMD, Lyft and more

Omar Marques | LightRocket | Getty Images Check out the companies making headlines in midday trading Friday. Ambac Financial Group – Shares of the municipal bond insurer shot up 13.2% on news of settl...

Tesla, Enphase Energy, Exxon Mobil and more

A Tesla service and sales center is shown in Vista, California, June 3, 2022. Mike Blake | Reuters Check out the companies making headlines in midday trading Wednesday. Tesla, Twitter — Shares of Tesl...

Tesla, Ford Motor, Goldman Sachs and more

Tesla CEO Elon Musk speaks during the official opening of the new Tesla electric car manufacturing plant on March 22, 2022 near Gruenheide, Germany. Christian Marquardt | Getty Images Check out the co...

Twitter, Poshmark, Rivian and more

Poshmark Inc. signage outside the Nasdaq MarketSite during the company’s initial public offering (IPO) in New York, U.S., on Thursday, Jan. 14, 2021. Michael Nagle | Bloomberg | Getty Images Che...

Elon Musk says Twitter will eventually be part of ‘X, the everything app’

Elon Musk has a new plan for Twitter Inc. after giving up a legal battle and agreeing to pay $44 billion for the company Tuesday. ““Buying Twitter is an accelerant to creating X, the everything app”” ...

GM adds ex-Lyft and Tesla executive Jon McNeill as board member

A General Motors sign is seen during an event on January 25, 2022 in Lansing, Michigan. – General Motors will create 4,000 new jobs and retaining 1,000, and significantly increasing battery cell...

Rivian, Credit Suisse, Poshmark and more

Check out the companies making headlines in premarket trading Tuesday. Rivian — Rivian’s stock rallied 9.3% after the electric vehicle maker announced that third-quarter production rose 67% from...

U.S. auto sales fall slightly in Q3, but GM is a bright spot

DETROIT — U.S. new vehicle sales fell slightly in the third quarter, even though some automakers reported improvement in September. But there are warning signs consumers’ appetite for expensive new ca...

Toyota CEO Akio Toyoda talks EV skepticism, ‘happy dance,’ his legacy

Toyota CEO Akio Toyoda speaks during a small media roundtable on Sept. 29, 2022 in Las Vegas. Toyota LAS VEGAS — Toyota Motor CEO Akio Toyoda last week simply stated what he would like his legacy to b...

Peloton, Tesla, Viasat, Wells Fargo, Box and more

A Tesla electric vehicle at a supercharger station in Hawthorne, California, on Aug. 9, 2022. Patrick T. Fallon | AFP | Getty Images Check out the companies making the biggest moves midday Monday: Cre...

Credit Suisse, Tesla, Myovant Sciences and more

Take a look at some of the biggest movers in the premarket: Credit Suisse (CS) – Credit Suisse slid 6.1% in premarket trading after the bank sought to calm the fears of investors and clients about its...