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Carvana offers first-quarter guidance, restructures debt

A Carvana glass tower sits illuminated on Feb. 23, 2022, in Oak Brook, Illinois.Armando L. Sanchez | Tribune News Service | Getty ImagesShares...
Business

Ford looks to boost gas-powered F-150 production, sticks to targets for EV version

Workers put engines on the frame as Ford Motor Co. fuel powered F-150 trucks under production at their Truck Plant in Dearborn, Michigan...
Business

General Motors, GlobalFoundries strike semiconductor deal

The global chip shortage will continue, and consumers will have to pay for it, an analyst from the International Data Corporation said.Sasirin Pamai...
Business

Tesla is among the stocks that retail traders just dumped en masse

Retail traders unloaded $3.1 billion in assets this past week, making it the third worst week of net selling in history, according to...
Business

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...
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