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Why investors have jumped off the Carvana bandwagon

Ernie Garcia, CEO, CarvanaScott Mlyn | CNBCDETROIT – Last year, Carvana CEO and cofounder Ernie Garcia went on a victory lap.He touted the...
Business

China car prices ‘well-supported’ after Tesla price cut

2022 Mercedes-Benz EQS EVMercedes-BenzMercedes-Benz finance chief on Wednesday told CNBC the automaker's pricing of its cars in China is "well-supported" after U.S. electric...
Business

Wells Fargo cuts Tesla price target, cites rising interest rates

Expect rising interest rates to weigh on Tesla moving forward, Wells Fargo says. Ahead of third-quarter earnings, analyst Colin Langan trimmed the bank's...
Business

Ford warns investors of an extra $1B in supply chain costs during Q3

2023 Ford F-150 Raptor RFordDETROIT – Ford Motor on Monday warned investors that the company expects to incur an extra $1 billion in...
Business

Volkswagen looks to build new EV facilities in the U.S., exec says

Scott Keogh, VW, in San Francisco, California, Sept. 18, 2018.David Paul Morris | Bloomberg | Getty ImagesCHATTANOOGA, Tenn. – Volkswagen is "actively" looking...
Business

Volkswagen VOW VWAGY 2022 annual meeting EV updates

A technician fixes a VW sign in the assembly line of German carmaker Volkswagen's electric ID. 3 car in Dresden, Germany, June 8,...
Business

Elon Musk takes aim at President Biden after he fails to mention Tesla during State of the Union

Joe Biden, left, and Elon MuskEvelyn Hockstein | Reuters; Andrew Harrer | Bloomberg | Getty ImagesThe feud between President Joe Biden and Tesla...
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