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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla has a lot of catch up to do in driverless miles, says former Tesla executiveJon McNeill, DVX Ventures CEO and former Tesla executive, joins 'Squawk on the Street' to discuss McNeill's review of Tesla's robotaxi presentation, the data Tesla has from its vehicles on the road, and why Tesla is lagging behind competitors in driverless miles.
Persons: Tesla, Jon McNeill Organizations: DVX, Tesla
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat's bad for Tesla is good for the sector, says former Tesla president Jon McNeillJon McNeill, DVx CEO and former Tesla president, joins 'Squawk Box' to discuss Tesla's quarterly earnings results, state of the EV market, challenges of robotaxis, and more.
Persons: Tesla, Jon McNeill Jon McNeill Organizations: EV
Why Tesla is losing share in Europe
  + stars: | 2024-05-22 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy Tesla is losing share in EuropeJon McNeill, DVx Ventures CEO and former Tesla president, joins CNBC's 'Squawk on the Street' to discuss Tesla's weak Europe sales, the company's competition with China EV makers, CEO Elon Musk's outlook on autonomous vehicles, and more.
Persons: Tesla, Europe Jon McNeill, Elon Organizations: DVx, China EV Locations: Europe
Any significant reduction or a rollback of the Inflation Reduction Act's support for electric vehicles would benefit China, according to General Motors board member Jon McNeill. "I think we risk losing the auto manufacturing share to China. The IRA of 2022 includes incentives for consumers to purchase EVs as well as significant support for carmakers and suppliers to produce all-electric vehicles and their components in North America rather than overseas. The expansion of Chinese automakers has been a growing concern for companies from Detroit to Germany. Global automakers are worried that BYD and other Chinese rivals could flood their markets, undercutting domestic production and vehicle prices.
Persons: Jon McNeill, McNeill, Donald Trump Organizations: General Motors, DVx Ventures, CNBC, Global, Biden Locations: China, North America, Detroit, Germany
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Tesla president: Company is pivoting to autonomy 'because their core business is weak'Jon McNeill, DVx Ventures CEO and former Tesla president, joins 'Squawk Box' to discuss Tesla' quarterly earnings results, the company's demand struggles, production of new affordable EV models by early 2025, Elon Musk's robotaxi and autonomous vehicle ambitions, EV market outlook, and more.
Persons: Jon McNeill, Tesla, Elon Musk's Organizations: Former, Company, DVx
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTelsa price cuts are to keep the factories humming, says DVX Ventures CEOJon McNeill, DVX Ventures CEO and former Tesla president, joins 'Squawk on the Street' to discuss the sales tactics from electric vehicle makers, whether the price cuts are a real sign of desperation, and more.
Persons: Jon McNeill Organizations: DVX
Legacy automakers are pivoting to electric vehicles in response to expected strong consumer demand, tougher environmental regulations both from US states and foreign countries, and a push from Wall Street. Electric vehicles have outpaced growth of traditional internal combustion engine (ICE) cars in recent years. But automakers bucked Trump and agreed to meet tougher standards set by California rather than the Trump administration’s rules. At a Detroit battery plant Wednesday, Trump said America didn’t need what the factory produced“This plant, we just walked through this plant and the electric vehicles are gonna put [automakers] out of business,” Trump said. Trump’s proposals could undermine US companies’ EV investments and hand over control of an increasingly EV future to foreign manufacturers.
Persons: Donald Trump, Donald Trump’s, “ don’t, Trump, , , Barry Rabe, EVs, Brian Kemp, Ford, Rabe, Biden’s, Tesla, Jon McNeill, McNeill, ” McNeill, EVs Trump, bucked Trump, ” Trump, , Biden, Rishi Sunak, Lisa Brankin Organizations: New, New York CNN, Detroit, Cox Automotive, Biden, Environmental Protection Agency, University of Michigan, Hyundai, Kia, EV upstarts, Republican Gov, Environmental Defense Fund, Nissan, Mercedes, Benz, Wall, Investors, ICE, General Motors, GM, Biden’s EV, Legacy, DVx Ventures, Tesla, Obama, Trump, America, ” Ford, Fiat, Peugeot Locations: New York, Georgia, South Carolina, Alabama, United States, California, Detroit, Michigan, China
A Tesla charging station stands in a parking lot on January 17, 2023 in Springfield, Virginia. But other EV charging companies have, so far, faced a far greater reliability challenge than Tesla’s. It’s an integrated system and has been from the very beginning,” said Jim Burness, chief executive of National Car Charging, a wholesaler of equipment to the EV charging industry. In both cases, drivers will be able to access Tesla chargers without having to use Tesla apps. That could lead to more lines at Tesla chargers, irritating Tesla owners.
Persons: Tesla, Anna Moneymaker, Stephanie Brinley, Jon McNeill, , “ Tesla, Jim Burness, Justin Sullivan, Alan Wexler, , ” Wexler, Dan Barbossa, CNN’s, Mark J, Terrill, they’re, you’re, Brendan Jones, Blink, Burness, “ That’s, Stephen Beck, Gary Silberg Organizations: CNN, P Global Mobility, Ford, General Motors, EV, GM, Nissan, Tesla, DVx Ventures, CNN Business, Detroit, CCS, KPMG Locations: United States, Springfield , Virginia, America, San Francisco , California, Westlake, Calif
Tesla-Ford partnership is good for everybody: DVx Ventures CEO
  + stars: | 2023-06-12 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla-Ford partnership is good for everybody: DVx Ventures CEOJon McNeill, DVx Ventures CEO and former Tesla sales president, joins 'Squawk on the Street' to discuss the Tesla-Ford charging partnership, the benefit of the partnership for Tesla, and where the EV adoption wave currently stands.
Persons: Jon McNeill Organizations: DVx, Tesla
Wall Street, I'm sorry to say your 2023 bonus is already on some shaky ground. I realize we're not even halfway through the year, but after an awful first quarter, bonuses in plenty of areas of finance are trending in the wrong direction. It's a mixed bag, with some areas trending toward a double-digit percentage increase over 2022, while others are heading the opposite way. If that isn't a certainty, you can bet people, especially those earlier in their career, will look for greener pastures. Six of the largest European and US oil companies have a combined nearly $160 billion in cash and cash equivalents on their balance sheets, The Wall Street Journal reports.
Jon McNeill served as president of Tesla, COO of Lyft, and has started and sold six companies. Over the same period the number of new funds closed has fallen by more than 75%, meaning capital is concentrating in fewer and larger funds. "That's all about addiction to fees," said McNeill, "it's not like they've got twenty times the amount of opportunities to fund, they don't." It's a venture fund, but it also bears resemblance to a private equity fund, an incubator, and a sort of "private Berkshire Hathaway" as McNeill puts it. The fund takes 100% of the company up front, as opposed to the 20% stake a VC fund would typically take.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailElon Musk is good at delivering on promises but not on time, says ex-Tesla president John McNeillJon McNeill, DVX Ventures CEO and former Tesla executive, joins 'Squawk Box' to discuss the company's first-quarter earnings, Elon Musk's performance, the broader electric vehicle market, and more.
Loop Co., a baby equipment rental company, has hired former Glossier Inc. chief marketing officer Ali Weiss to be its chief executive officer. Loop, which was founded last year, lets paying members rent baby gear such as cribs, toys and high chairs. For us at Loop, it’s member-first.”The company plans to hire a marketing leader who will report to Ms. Weiss. The company’s rentals can appeal to parents who want to reduce clutter or their environmental impact, according to Ms. Weiss. “Our vision is that we’re able to provide this service across many markets, many cities, many metro areas across the U.S.,” Ms. Weiss said.
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