In challenge to Tesla, Chinese electric carmaker Xpeng releases autonomous features for highway driving

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

U.S. vehicle safety agency asks Tesla to recall 158,716 older vehicles over touchscreen glitches

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

5 reasons why General Motors’ shares are trading at all-time highs

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

Stocks enter the manic, exuberant bull market stage, but that doesn’t mean it’s near ending

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 told his followers to ‘use Signal,’ leading to 1,100% surge in unrelated stock with similar name

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

Chinese search firm Baidu to create an electric vehicle company as tech giants jump into auto space

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

Mike Santoli’s market notes: Why markets ignored unrest, tech names reheat, 10-year catching up

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

Apple iPhone supplier Foxconn rallies 4% after it inks production deal with Chinese electric carmaker

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

Stocks making the biggest moves in the premarket: Magellan Health, FLIR Systems, Tesla & 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