Elon Musk faces trial over his $56 billion Tesla salary
Tesla CEO Elon Musk is headed to court again, this time to defend his $56 billion payment package against claims that it unjustly compensates him for being a "part-time CEO."
The...
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TSLA358.22014.53%
GM86.160-3.17%
F12.440-0.09%
RIVN13.6100.32%
CYD20.000-0.01%
HMC35.780-0.48%
TM216.190-1.92%
CVNA73.5701.49%
PAG212.3600.16%
LAD308.770-7%
AN184.000-4.12%
GPI261.350-5.15%
ABG202.650-4.38%
SAH61.710-1.09%
TSLA358.22014.53%
GM86.160-3.17%
F12.440-0.09%
RIVN13.6100.32%
CYD20.000-0.01%
HMC35.780-0.48%
TM216.190-1.92%
CVNA73.5701.49%
PAG212.3600.16%
LAD308.770-7%
AN184.000-4.12%
GPI261.350-5.15%
ABG202.650-4.38%
SAH61.710-1.09%
Headlines
Lidar firms Ouster, Velodyne agree to all-stock merger
To increase competitiveness in a struggling market segment, Lidar makers Ouster and Velodyne have agreed to a merger that will combine roughly $400 million in market value.
The deal was signed...
Ford calls on Treasury to loosen terms for new federal EV tax credits
Ford Motor Company is asking the US government to limit what it calls a "foreign entity of concern" so that more vehicles can qualify for the $7,500 electric vehicle tax...
Japan, S. Korea request flexibility with changes to US electric vehicle tax credits
Japan is joining South Korea and the European Union in pressing the US government to loosen new federal tax credits for electric vehicles found in the Inflation Reduction Act.
To qualify...
Atlanta auto dealer Jimmy Ellis passes away at age 67
James “Jimmy” Edward Ellis, a distinguished auto dealer in the Atlanta area, passed away peacefully on November 5, 2022, at age 67. Ellis had served as President and Chief Executive...
October jobs report stronger than expected, employers added 261,000 jobs
The US Labor Department reported job growth in October was better than expected on Friday, despite efforts by the Federal Reserve to slow the labor market through interest rate hikes.
Nonfarm...
Lucid Motors announces live stream event to debut Air Pure, Touring trims
In a press release, Lucid Motors announced it will live-stream a global launch event called "In the Air and Beyond" on November 15, as it debuts the final two trim...
Carvana’s Q3 losses shed light on slowing used car demand
Carvana shares fell in extended trading after the company announced its third-quarter financial results were worse than expected and reflected a decline in nearly every aspect of the used car...
Subaru won’t produce EVs in the US due to McDonald’s competitive wages
Subaru says it has no plans to invest in building electric cars in the US because of high inflation, saying it can't compete with wages paid by McDonald's, Automotive News...
Stellantis Q3 net revenues jump 29% from a year ago
Stellantis announced its third-quarter financial results on Thursday, showing an increase in both revenues and shipments as shortages of semiconductors begin to ease.
The automaker reported third-quarter revenues of $41.2 billion,...
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