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☆ Elon Musk hypes Tesla Cybertruck at deliveries event in Austin
▼ + stars: | 2023-11-30 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +2 min

At that event, Musk boasted, "It will be the biggest product launch of anything by far on Earth this year." At the event in Austin, Musk said the Cybertruck's hard steel body was bulletproof, and that its windows were "rock proof." Tesla first unveiled the Cybertruck — with its angular and unpainted hard steel body — in November 2019. The covid pandemic and other factors contributed to a two-year delay however, and Tesla only began early Cybertruck production in July this year. The U.S. electric pickup truck market has not expanded as quickly as some thought when the Cybertruck was initially revealed.

Persons: Elon Musk, Musk, Tesla, Rivian, CNBC's Mike Wayland Organizations: Ford, General Motors, Lordstown Motors, GM, CNBC PRO Locations: New York, Austin, U.S

Outside the Trump rally, small groups of Trump supporters waived flags along a main road, while closer to the factory where the former president will speak was a small drumline with Trump supporters waiving flags nearby. "Auto Workers for Trump" and "Union Members for Trump" signs were being handed out to attendees and MAGA hats were prevalent in the largely white, older male crowd. Brian Pannebecker, a retired auto worker who runs a Facebook group called "Auto Workers for Trump, said he assisted in getting current and retired auto workers to the event for the Trump campaign and expects more than 200 people at the event. The venue where Trump will speak is an auto parts production facility, which allows little room for the stage or a large audience. Hundreds of chairs were set up in front of where Trump will speak, with bleachers meant for auto workers on the far left and far right of the stage.

Persons: Donald Trump, MAGA, Brian Pannebecker, Joe Biden, shouldn't, It's, Mike Wayland Organizations: Republican, Drake Enterprises, Trump, " Auto Workers, Auto Workers, Ford, Chrysler Locations: Clinton Township , Michigan, United States, Mexico, Canada, Detroit

☆ What the UAW strike means for the big auto stocks, according to top analysts
▼ + stars: | 2023-09-15 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

"We think potential disruption from industrial action is likely to create buying opportunities in the D3 shares," the analyst said in a Friday note. "D3," or "the Detroit Three," refers to General Motors, Ford and Stellantis. It also marked the first time in history that the UAW launched strikes at all three of the big automakers simultaneously. Ford shares were flat. "Moving forward, we expect all three stocks to be sensitive to UAW newsflow especially as it relates to the potential duration of industrial action," Jonas said.

Persons: Morgan Stanley's Adam Jonas, Stellantis, Jonas, Itay Michaeli, Citi's Michaeli, Michaeli, Morgan Stanley, Michael Bloom, Mike Wayland, John Rosevear Organizations: United Auto Workers, General Motors, Ford, Detroit, Motors, Union, UAW, Citi, GM Locations: Wentzville , Missouri, Wayne , Michigan, Toledo , Ohio

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