How Carvana went from a Wall Street top pick to stock trading meme

Ernie Garcia, CEO, Carvana Scott Mlyn | CNBC Carvana CEO Ernie Garcia III regularly tells Wall Street that “the march continues” in the company’s mission to become the largest and most profitable used car retailer in the world. Its stock price has marched this year as well, just in the wrong direction for investors. Within … Read more

New Nissan Qashqai hybrid SUV coming to Australia

A new family-friendly vehicle is headed Down Under and it’ll give Aussies a chance to dramatically slash their yearly fuel bills. Nissan will challenge Toyota’s dominance in the hybrid vehicle market later this year with the launch of a petrol-electric version of the Qashqai small SUV. The Qashqai will take on Toyota’s upcoming Corolla Cross … Read more

After the ‘hippie’ bus and Beetle, VW makes eyes at America once again

As Volkswagen looks to resurrect the Scout brand in the United States, CEO Herbert Diess has shed light on the decision, saying it represents an opportunity for the German auto giant to “become much more American.” VW announced plans to re-launch the Scout as a fully-electric pick-up and “rugged” SUV last Wednesday, with prototypes due … Read more

Elon Musk has wrong approach to count fakes, spam on Twitter: experts

Tesla CEO Elon Musk sent Twitter shares tumbling on Friday when he said he was going to put his $44 billion acquisition of the social network “on hold” while he researched the proportion of fake and spam accounts on the platform. Though Musk later clarified that he remains committed to the deal, he continued to … Read more

Tesla CEO Elon Musk dismisses hydrogen as tool for energy storage

Elon Musk has a history of expressing strong opinions about hydrogen and hydrogen fuel cells. A few years ago, when the subject came up during a discussion with reporters at the Automotive News World Congress, the electric vehicle magnate described hydrogen fuel cells as “extremely silly.” JimWatson | AFP | Getty Images Tesla CEO Elon … Read more

National avian flu outbreak detected in Utah wild birds for 1st time

A photo of a great horned owl in Utah’s wild taken in 2018. Utah Division of Wildlife Resources said a great horned owl found dead in Cache County died from the avian flu breakout across the country. (Utah Division of Wildlife Resources) Estimated read time: 2-3 minutes SALT LAKE CITY — A great horned owl … Read more

Toyota warns raw materials costs could cut profits by 20%

Toyota 2023 Sequoia on display at the New York Auto Show, April 13, 2022. Scott Mlyn | CNBC Toyota Motor on Wednesday warned investors that “unprecedented” increases in materials and logistics costs could cut the company’s full-year profit by as much as 20%. The Japanese automaker said it expects materials costs to more than double … Read more

Tesla Recalls Almost 130,000 Vehicles Due To Overheating Infotainment System – CBS Tampa

(CW44 News At 10 | CNN) — Tesla has recalled 129,960 vehicles this month to fix infotainment systems that may overheat before and during fast charging. Tesla says it is solving the flaw with an over-the-air software update, which refreshes software wirelessly like a smartphone app update, making the recall less burdensome for Tesla and … Read more

Uber to cut down on costs, treat hiring as a ‘privilege’: CEO email

Uber will cut back on spending and focus on becoming a leaner business to address a “seismic shift” in investor sentiment, CEO Dara Khosrowshahi told employees in an email obtained by CNBC. “After earnings, I spent several days meeting investors in New York and Boston,” Khosrowshahi said in the email, which was sent out late … Read more