Xpeng CEO He Xiaopeng stands next to the company’s P7 electric sedan as he addresses media at the 2020 Beijing auto show. Evelyn Cheng | CNBC GUANGZHOU, China — Chinese electric carmaker Xpeng Motors has announced a new autonomous driving feature designed to work on highways, as it ramps up its challenge to domestic rivals … Read more
Customers look at a Tesla Motors Inc. Model X electric vehicle on display at the company’s showroom in Shanghai, China, on Tuesday, Sept. 12, 2017. Qilai Shen | Bloomberg | Getty Images The National Highway Traffic Safety Administration (NHTSA) asked Tesla in a letter on Wednesday to recall 158,716 of its Model S and Model … Read more
Shares of General Motors opened Wednesday above $50 for the first time ever after CEO Mary Barra and other executives laid out an array of future business plans at the CES technology conference – from electric vehicles to flying cars. As Barra put it, the mission of the Tuesday presentation was to promote “confidence” in … Read more
This is the daily notebook of Mike Santoli, CNBC’s senior markets commentator, with ideas about trends, stocks and market statistics. Source link
Traders work on the floor of the New York Stock Exchange. NYSE Wall Street needed no warm-up to get rolling into 2021. Investors are limber, money is loose and the market is already running hot, powered by two independent energy sources: the case for reflation and the chase for disruption. The tape looks near a … Read more
Elon Musk, CEO of Tesla, stands on the construction site of the Tesla Gigafactory. In Grünheide near Berlin, September 3, 2020. Patrick Pleul | picture alliance | Getty Images When Tesla CEO Elon Musk urged his Twitter followers on Thursday to “use Signal,” he meant the encrypted messaging app. Some people appear to have taken … Read more
The Baidu Inc. logo is displayed on the company’s headquarters on July 3, 2019 in Beijing, China. Wan Xiaojun | Visual China Group via Getty Images GUANGZHOU, China — Chinese search giant Baidu will create a standalone electric vehicle company, a person familiar with the matter told CNBC. The Beijing-headquartered company will be the majority … Read more
Traders work on the floor of the NYSE. NYSE This is the daily notebook of Mike Santoli, CNBC’s senior markets commentator, with ideas about trends, stocks and market statistics. The unsettling events at the Capitol haven’t diverted the markets from their months-long project: Hunting for signs of imminent economic acceleration, fresh policy support and the … Read more
A Byton M-Byte electric sports utility vehicle (SUV) is displayed at the CES 2020 event in Las Vegas, Nevada, U.S., on Sunday, Jan. 5, 2020. Bridget Bennett | Bloomberg | Getty Images GUANGZHOU, China — Apple iPhone maker Foxconn has signed a deal with Chinese electric carmaker Byton to help produce its first vehicle. The … Read more
Take a look at some of the biggest movers in the premarket: Magellan Health (MGLN) – The managed care company agreed to be acquired by Centene (CNC) for $95 per share in cash or $2.2 billion. The deal represents a nearly 15% premium for Magellan shareholders over its most recent closing price. Shares of Magellan … Read more