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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Tesla may have just killed its most important product — SuperchargersTesla's Supercharging network faces uncertainty following Elon Musk's recent decision to disband the entire Supercharging team. The move coincides with broader restructuring due to falling sales and increased competition, resulting in a 32% drop in the stock price this year. Since the charging network's beginning in 2012, Tesla has built 6,000 stations and 55,000 Superchargers globally. But whether Tesla can maintain its advantage without the team remains to be seen.

Persons: Elon Musk's, Tesla

The future of Tesla Supercharging is uncertain following CEO Elon Musk's disbanding of the Supercharging team as part of a broader restructuring. The roughly 500 layoffs included senior director of EV charging Rebecca Tinucci and Daniel Ho, director of vehicle programs. "I would describe the Supercharger network as one of the crown jewels of Tesla," said Andres Pinter, co-CEO of Bullet EV Charging Solutions. "Instead of doing victory laps and building the Supercharger network and reaping the benefits of this asset, suddenly there's this pause." Musk said in a post that Tesla still plans to grow the Supercharger network, just at a slower pace.

Persons: Elon Musk's, Rebecca Tinucci, Daniel Ho, Tesla, Andres Pinter, It's, Musk, Matt Teske Organizations: EV, Solutions, Bloomberg, Tesla, Ford Motor, General Motors Locations: North America

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Maersk is evolving to become a logistics powerhouseEach year about 90% of world trade is transported by ship. In addition to its fleet of 672 vessels, Maersk the world's second largest container shipping company and runs one of the globe's largest port terminal businesses with 64 terminals. To offset some of its risks the company is beefing up its end-to-end logistics business, investing in last mile delivery and air freight.

Organizations: Maersk

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's how the fashion industry is embracing web3CNBC Crypto World explores how the fashion industry is embracing web3, which includes NFTs, blockchain technology as well as augmented and virtual reality.

Organizations: CNBC

☆ How BYD grew from battery maker to electric vehicle juggernaut, overtaking Tesla
▼ + stars: | 2024-03-26 | by ( Andrew Evers | ) www.cnbc.com time to read: +2 min

In the U.S., Tesla may be at the forefront of the electric vehicle revolution, but abroad, the carmaker has some serious competition. In the fourth quarter of 2023, BYD dethroned Tesla as the world's top EV maker, selling more battery-powered vehicles than its U.S. rival. "BYD has grown into this powerhouse in the new energy vehicle industry," CNBC's Beijing correspondent Evelyn Cheng said. By 2003, the company had pivoted to autos and has since become the top car brand in China, as well as a major producer of EV batteries. Watch the video to learn how BYD grew from battery maker to EV giant and what's next for the company.

Persons: Tesla, Warren, BYD, Evelyn Cheng, they're, Wang Chuanfu, Sam Abuelsamid, Michael Dunne, Dunne, They're Organizations: EV, Guidehouse, CNBC, U.S Locations: U.S, China, Beijing, Munich, United States, Europe, Hungary, Mexico

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe rapid rise of Chinese electric vehicle maker BYDWarren Buffet-backed BYD dethroned Tesla in the fourth quarter of 2023 as the world's top electric vehicle maker, selling more battery-powered vehicles than its U.S. rival. The Chinese carmaker is showing no signs of slowing down, becoming the top brand in China and growing exports by 334% last year. CNBC explores whether BYD can sustain its relentless growth and if it may one day enter the U.S. market.

Persons: Warren, BYD, Tesla Organizations: CNBC Locations: U.S, China

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Disney CEO Bob Chapek on ESPN's futureBob Chapek, former Disney CEO, sat down with CNBC's Alex Sherman in his first public interview since leaving Disney to discuss his thoughts on ESPN's future.

Persons: Bob Chapek, CNBC's Alex Sherman Organizations: Former, Disney

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow ESPN is trying to stay relevant as cable declinesESPN has been the most dominant sports channel for more than 40 years. It holds live sports rights including the NFL's Monday Night Football, the NBA and the WNBA. But as millions of Americans cancel their cable TV subscriptions and big tech companies like Amazon and YouTube bid on live sports, ESPN has had to adjust — or decline along with the pay-TV business. CNBC sat down with former and current executives to talk about the future of the sports juggernaut.

Organizations: ESPN, Football, NBA, Amazon, YouTube, CNBC

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChairman Jimmy Pitaro on ESPN's uncertain futureESPN chairman James Pitaro sat down with CNBC to discuss the company's future as it faces serious cord cutting and competition from tech companies like Amazon and YouTube with deeper pockets than parent company Disney.

Persons: Jimmy Pitaro, James Pitaro Organizations: ESPN, CNBC, Amazon, Disney

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Sony Playstation became the world's best-selling game consoleSony's PlayStation has won over the loyalty of millions of gamers worldwide, and industry experts cite its video game content library as one of the primary reasons why. Sony Interactive Entertainment is just one player in the $280+ billion gaming industry, but its PlayStation 2 hold's the industry's title for best-selling console ever. Watch the video to see how Sony built its gaming empire.

Organizations: Sony, Sony Interactive Entertainment

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInside the NFL's streaming transformationWith the highest-rated programming, the priciest ad time and rights deals worth billions, the NFL is the most valuable content in media. And now its moves onto streaming platforms like Amazon Prime Video, YouTube and Peacock are having ripple effects across the media and tech landscape. CNBC's Julia Boorstin speaks with the NFL's Chief Media and Business Officer, Brian Rolapp, the VP and Global Head of Sports for Amazon Prime Video, the President of Peacock and other experts to learn how streaming is changing the business of the NFL.

Persons: Peacock, CNBC's Julia Boorstin, Brian Rolapp Organizations: NFL, Amazon, YouTube, NFL's Chief Media, Business, VP, Sports, Amazon Prime

"If you're the most valuable content on those platforms, you're going to be the bulk of their investment. And that's what we are," said Brian Rolapp, chief media and business officer for the NFL. The pinnacle of the NFL's popularity is the Super Bowl, the biggest television event of the year. Discovery are launching a streaming service tailored to sports fans, it's clear that streaming is poised to be the NFL's next frontier, despite some backlash from fans. Watch the documentary to learn more about how streaming is transforming the NFL.

Persons: it's, Brian Rolapp, Robert Kraft, NBCUniversal's Peacock, Rolapp Organizations: NFL, Bowl, Nielsen, ESPN, New England Patriots, Disney, Fox, Warner Bros, CNBC, Peacock Locations: U.S

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLas Vegas has invested billions to become a sports and entertainment hubLas Vegas has slowly transformed into more than just a gambling stopover. With a massive investment into professional sports and an entertainment scene, Sin City has become a global destination hub. Its latest offerings include a new entertainment arena, the Sphere; Allegiant Stadium, which hosts the NFL's Las Vegas Raiders; F1; and other major professional sports teams. Now it's hosting Super Bowl 58.

Organizations: Vegas, Las Vegas Raiders Locations: Vegas, Sin City

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy Apple doubled down on the expensive custom chip business, edging out Intel and starting a trendApple has designed its own custom chips for iPhones since 2010, kicking off a trend followed by other non-chip giants like Google, Microsoft, Amazon and Tesla. In November, CNBC became the first journalists to film inside an Apple chip lab, where it tests its latest M3 chips that replaced Intel processors in all new Macs. We also got a rare chance to talk with Apple's head of silicon, Johny Srouji, about geopolitical risks in Taiwan, slowdowns, and what's next in AI.

Persons: what's Organizations: Intel, Apple, Google, Microsoft, CNBC Locations: Taiwan

☆ Inside Apple’s chip lab, home to the most ‘profound change’ at the company in decades
▼ + stars: | 2023-12-01 | by ( Katie Tarasov | ) www.cnbc.com time to read: +13 min

Its most advanced silicon is primarily manufactured by one vendor, Taiwan Semiconductor Manufacturing Company. "We built what we call the unified memory architecture that is scalable across products," Srouji said. Apple's silicon team has grown to thousands of engineers working across labs all over the world, including in Israel, Germany, Austria, the U.K. and Japan. The primary type of chip Apple is developing is known as a system on a chip, or SoC. Apple's senior director of hardware validation Godfrey D'Souza shows off an M3 SoC in an Apple chip lab in Cupertino, California, on November 14, 2023.

Persons: John Ternus, Srouji, we're, Katie Tarasov, Andrew Evers, Ben Bajarin, Bajarin, Apple, Apple there's, Pro Max, Kaiann Drance, That's, who's, Ternus, Nvidia —, Tesla, Stacy Rasgon, Apple's, Godfrey D'Souza, Sydney, they've, Rasgon, Apple's Srouji, It's Organizations: AMD, MU, Apple Watch, U.S, Apple, Intel, Taiwan Semiconductor Manufacturing Company, Microsoft, CNBC, Apple's, Amazon, Google, Tesla, Semiconductor, Creative, Pro, Triple, MacBook Air, Qualcomm, Nvidia, Bernstein Research, Sydney Boyo, Bluetooth, Broadcom, Samsung, Micron, Thursday Apple Locations: Cupertino , California, Israel, Germany, Austria, Japan, Silicon Valley, San Diego, Austin , Texas, AirPods, Taiwan, China, Arizona, Peoria , Arizona, Asia, Europe, U.S

In this article UBERGOOGLGM Follow your favorite stocks CREATE FREE ACCOUNTSelf-driving cars have flooded San Francisco streets, and many of them have no safety drivers behind the wheel. The cars have driven into firefighting scenes, caused construction delays, impeded ambulances and even meandered into active crime scenes. "There have been 75 plus incidents," said San Francisco fire chief Jeanine Nicholson. San Francisco city attorney David Chiu said, "there are still some glitches that need to be worked out." "The idea that thousands of vehicles could be hitting our streets in short order is what gives us concern."

Persons: Alphabet's Waymo, Jeanine Nicholson, David Chiu, Chiu Organizations: General Motors Locations: San Francisco, Francisco, Russian

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat it's really like to ride in Cruise and Waymo robotaxis on San Francisco streetsSelf-driving cars without safety drivers behind the wheel have flooded San Francisco streets. In August, General Motors-owned Cruise and Alphabet's Waymo were granted permission to expand operations, allowing people to hail a driverless car like they do for an Uber. But the launch has been plagued by problems. CNBC's Deirdre Bosa tested out both company's robotaxis and spoke with city officials and Cruise CEO, Kyle Vogt, to see how the launch is going for the city and what's next.

Persons: Alphabet's Waymo, CNBC's Deirdre Bosa, robotaxis, Kyle Vogt Organizations: General Motors, Cruise Locations: Cruise, San Francisco, what's

Shawn Tsao, 34, co-founded food delivery app Caviar in 2012 with four of his college classmates and fraternity brothers from the University of California, Berkeley. Before Caviar, Tsao and his co-founders created on Munch On Me, a daily deals app for food. In the ensuing weeks, they decided to switch to an on-demand food delivery app — a novel concept at the time. In 2014, Jack Dorsey's payments company Square — now known as Block — acquired Caviar in an all-stock deal worth more than $100 million, according to Tsao. Five years later, rival food delivery company DoorDash purchased Caviar from Square in a deal worth $410 million.

Persons: Shawn Tsao, Munch, Jack, Tsao Organizations: University of California Locations: Berkeley

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat it's like to drive the world's fastest EV — the Rimac NeveraRimac is Croatia's first and only automaker. Its 35-year-old founder, Mate Rimac, started tinkering with electric vehicles after he blew the engine in an old BMW he raced as a teen. After rebuilding it with an electric drivetrain – and winning some races – he founded Rimac Automobili in 2009, and today the company has released an electric supercar, the Nevera. CNBC's John Rosevear gives the $2.1 million EV a test drive in the canyon roads above Malibu to find out if it lives up to the hype.

Persons: Mate Rimac, Rimac Automobili, CNBC's John Rosevear Organizations: BMW Locations: Malibu

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Qualcomm is betting big on AI and auto to hold onto wireless dominanceQualcomm long reigned as the world's biggest fabless chip company, pioneering the cellular age and making the modems inside nearly every smartphone today. But ChatGPT sent Nvidia's revenue soaring past Qualcomm's in August, and Apple is working on its own modems for iPhones in 2024. Now, Qualcomm is diversifying into smart cars, chips for VR headsets and a push to power generative AI off the cloud. CNBC got a look at Qualcomm's chip lab in San Diego to learn more.

Persons: ChatGPT Organizations: Qualcomm, Apple, CNBC Locations: San Diego

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's how Kia went from being an underdog to one of the most popular car brands in the worldFor many of its early years in the U.S., Kia was a low-cost value brand, and its cars were often criticized for poor quality, reliability and design. But with a brush with bankruptcy and a 51% stake investment by Hyundai Motor Group, Kia grew fast, started winning awards and became one of the most desired car brands. Sales have increased threefold in the U.S. over the past 20 years. But growing too fast and catering to a higher-income customer comes with a fair share of challenges.

Persons: Kia Organizations: Hyundai Motor Group, Kia Locations: U.S

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThese companies are leading the charge to manufacture materials in spaceSpace offers a unique environment for research and development because its higher levels of radiation, microgravity and near vacuumless state allow companies to come up with new manufacturing methods or materials that are not possible on Earth. CNBC spoke with two companies, California-based Varda Space Industries and UK-based Space Forge, to see how the startups hope to make manufacturing in space a profitable business.

Persons: Varda Organizations: Space, CNBC, Varda Space Industries Locations: vacuumless, California

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's how the sriracha shortage could've preventedSriracha maker, Huy Fong Foods, has cited weather-related issues to be the cause of the shortage of its sauces. While drought has played a factor in many pepper growing regions in North and Central America in recent years, it may not be the full story. Huy Fong Foods' former pepper supplier of 28 years, Underwood Ranches, told CNBC that it could have kept up with the hot sauce company's demand if the two parties' business relationship had not come to an end in 2017.

Persons: Huy Fong, Underwood Organizations: Huy Fong Foods, Central America, CNBC Locations: North

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow AWS is designing its own chips to help catch Microsoft and Google in generative A.I. raceDespite its firm footing as the world's biggest cloud provider, Amazon Web Services got a slow start to the generative AI race. AWS released its large language model, Titan, months after Microsoft's reported $13 billion investment in ChatGPT-maker OpenAI and Google's release of Bard. But AWS is also designing its own custom AI microchips, shown to CNBC in an exclusive tour of its Austin chip lab. Now analysts say AWS may gain a long term advantage in AI by offering an alternative to Nvidia GPUs.

Persons: OpenAI, Bard Organizations: Microsoft, Google, Web Services, AWS, CNBC, Nvidia Locations: ChatGPT

☆ Inside Aurora’s autonomous trucking operation in Texas
▼ + stars: | 2023-08-06 | by ( Andrew Evers | ) www.cnbc.com time to read: +1 min

Trucking is an integral part of the economy, representing over 70 percent of freight moved in the U.S. Yet, it is dogged by driver shortages, safety issues and supply chain challenges. With the Aurora Driver, you'll be able to do that in about 24 hours," says Aurora co-founder and CEO Chris Urmson. The company is training its system with safety drivers on routes between Dallas and Houston, and Dallas and El Paso. CNBC got an exclusive behind-the-scenes look at its self-driving operation outside of Dallas.

Persons: you'll, Chris Urmson, Schneider, Werner Organizations: Pittsburgh, Innovation, Aurora, Starsky Robotics, Freight, FedEx, CNBC Locations: California, Dallas, U.S, Aurora, Texas, Houston, El Paso

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