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

CBT News Staff Writer - 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...

Articles Headlines

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

CBT News Staff Writer - 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...

Articles Headlines

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

CBT News Staff Writer - 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...

Articles Sales & Marketing

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

Kimberly Hurley - 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...

Management & Leadership Articles

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

CBT News Editorial Team - 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...

Daily Newscast

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

CBT News Staff Writer - 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...

Articles Headlines

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

CBT News Staff Writer - 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)...

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Musk's xAI technology business has made a significant announcement, presenting its first product- Grok AI assistant, a new age for Tesla cars

Tesla plans to integrate Grok AI Assistant into its EV lineup

Jaelyn Campbell - November 6, 2023

Elon Musk's xAI technology business has made a significant announcement, presenting its first product and ushering in a new age for Tesla vehicles. Tesla enthusiasts and the tech community were...

Headlines Articles

Tesla emerged victorious in its first U.S. trial concerning allegations that its Autopilot driver assistance feature caused a fatal accident.

Tesla wins first US trial over Autopilot’s alleged role in fatal crash

Jaelyn Campbell - November 1, 2023

A significant win for Tesla, which currently is the subject of several lawsuits and federal investigations pertaining to driver assistance technology, came on October 31 when it emerged victorious in...

Headlines Articles

By marrying online innovations with the hands-on experiences they excel at, dealerships can craft a future-ready, holistic EV buying journey.

Creating a seamless online-to-offline EV buying experience

Steve Mitchell - October 16, 2023

Remember the golden days of car buying? There wasn't an internet where people could do research—only magazines. When new cars arrived, dealers often used opaque waterproof marker paint over the...

Sales & Marketing Articles

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Tesla Q4 earnings plunge 40% despite revenue, sales gains

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

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

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

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

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

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

Tesla plans to integrate Grok AI Assistant into its EV lineup

Tesla wins first US trial over Autopilot’s alleged role in fatal crash

Creating a seamless online-to-offline EV buying experience

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