TSLA306.360-2.86001%
GM89.3002.265%
F14.7550.075%
RIVN16.460-0.02%
CYD46.035-0.555%
HMC30.1451.015%
TM185.6403.49%
CVNA65.0801.04%
PAG218.9003.2%
LAD355.3709.89%
AN217.7105.51%
GPI347.73510.305%
ABG234.6408%
SAH104.9001.92%
TSLA306.360-2.86001%
GM89.3002.265%
F14.7550.075%
RIVN16.460-0.02%
CYD46.035-0.555%
HMC30.1451.015%
TM185.6403.49%
CVNA65.0801.04%
PAG218.9003.2%
LAD355.3709.89%
AN217.7105.51%
GPI347.73510.305%
ABG234.6408%
SAH104.9001.92%
TSLA306.360-2.86001%
GM89.3002.265%
F14.7550.075%
RIVN16.460-0.02%
CYD46.035-0.555%
HMC30.1451.015%
TM185.6403.49%
CVNA65.0801.04%
PAG218.9003.2%
LAD355.3709.89%
AN217.7105.51%
GPI347.73510.305%
ABG234.6408%
SAH104.9001.92%

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Tesla has a history of layoffs, and its CEO, Elon Musk, is known for initiating them not just at the EV maker but at other companies like at X

Tesla employees face potential round of layoffs

- February 8, 2024
Tesla may be gearing up for a round of layoffs, according to a recent Bloomberg report.  According to those acquainted with the situation, U.S. supervisors recently had to evaluate their deputies'...

Judge dismisses Tesla’s pay package, GM cancels electrification strategy, Trump criticizes Fain for Biden’s endorsement

- February 1, 2024
Inside Automotive  How dealers can navigate the accelerating industry – Steve Greenfield | Automotive Ventures On CBT News, Steve Greenfield, the CEO and Founder of  Automotive Ventures, provides a forward-looking perspective and analysis...
Tesla is recalling nearly 200,000 vehicles to repair a glitch that could cause drivers to lose visibility when backing up.

Tesla recalls 2023 Model X, S, Y over rearview camera software error

- January 26, 2024
Tesla is set to recall roughly 200,000 vehicles in the U.S. to patch out a software error that could limit driver visibility. According to the National Highway Traffic Safety Administration (NHTSA),...
Tesla generated $7.9 billion in net income in the final months of 2023, clouding profitability expectations for the coming months.

Tesla Q4 earnings plunge 40% despite revenue, sales gains

- January 25, 2024
Electric vehicle brand Tesla reported a steep decline in fourth-quarter profits against a 3.5% increase in revenue over the same period, missing analyst forecasts and raising questions for the new...
Tesla saw its market valuation drop 12% in the first days of 2024 as clouding sentiments on the electric vehicle market worry investors.

Tesla market valuation sheds $94 billion in first weeks of 2024

- January 15, 2024
Tesla saw its market valuation shed $94 billion over the first two weeks of 2024, marking one of the sharpest share price drops in the electric vehicle company's history. The number...
New car prices continued to fall in December as auto market conditions shift to favor buyers over sellers.

New car prices dip in December as buyer’s market returns

- January 11, 2024
New car prices continued to fall in December as the automotive market remains on track to hit pre-pandemic norms in the near future. According to Cox Automotive, new vehicle transaction prices...
While always maintaining humility and charisma, Lee Iacocca transformed the auto industry and encouraged dealers to cultivate innovation.

5 lessons learned from Lee Iacocca’s insights on leadership and innovation

- December 25, 2023
While most people have heard of innovation gurus of today such as Tesla’s Elon Musk, some may not know about one of the most prominent icons in the auto industry...

GM buys out dealers, Daihatsu halts shipments, dealer legend dies

- December 21, 2023
CBT Now Data shows a decline in average auto loan amounts: What it means for dealers – Melinda Zabritski | Experian Experian has released new data showing that the average loan amount for...
Tesla

Tesla allegedly ignored evidence of vehicle defects, blamed drivers for “chronic failures”

- December 20, 2023
Tesla has allegedly attributed part failures to poor driving habits, charged customers for repairs stemming from potential defects, and skirted regulatory intervention despite knowing the components were flawed, according to...
Tesla plans to boost pay at its Nevada Gigafactory as it looks to compete with Detroit-Three wages and fend off unionization campaigns.

Tesla boost pay in Nevada as UAW targets non-union automakers

- December 19, 2023
Tesla plans to boost pay at its Nevada Gigafactory in 2024, becoming one of the last non-unionized automakers to increase compensation in the aftermath of the United Auto Workers (UAW)...
CBT News
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