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Measured year over year, producer prices rose by 1.6% in February, the most since last September. Core wholesale prices rose 0.3%, down from a 0.5% jump the previous month. Photos You Should See View All 60 ImagesThe producer price index can provide an early read on where consumer inflation is headed. Compared with a year earlier, prices rose 3.2%, up from a 3.1% increase rise the previous month. Still, February's acceleration in producer prices suggested that inflation could stay elevated into the spring.
Persons: Biden, Joe Biden's, doesn't, Jerome Powell Organizations: WASHINGTON, , Federal Reserve, The Labor Department, Fed, Capital Economics, CPI, Wall Locations: United States
Google launched a new tool that lets publishers opt out of training Google's AI models. It turns out that all this content has been stored in datasets that are the foundation for training powerful AI models, including those from OpenAI, Google, Meta, and others. Part of Google's response has been to launch a new tool that lets websites block the company from using their content for training AI models. BI asked Originality.ai CEO Jonathan Gillham why Google-Extended is being used less than other AI training data-blockers. It's unclear if the company will launch this fully in the future, or how much different it will be from the traditional Google search engine.
Persons: , There's, Robots.txt, Jonathan Gillham, Gillham, Axel Springer Organizations: Google, Service, New York Times, CNN, BBC, Business Locations: Chicago
The following month, 10 men were indicted in Oklahoma, charged with conspiracy to commit wire fraud for allegedly operating a refund fraud service named Artemis Refund Group. A thriving refund fraud marketFor every refund fraud service shut down by law enforcement, swarms of similar groups remain open for business. CNBC viewed several active refund fraud services on encrypted messaging app Telegram, each with thousands of followers. Zoom In Icon Arrows pointing outwards A Google form from an active refund fraud service explaining which stores it targets and how much it charges customers. Zoom In Icon Arrows pointing outwards A refund fraud service claims to have access to Amazon insiders in a Telegram post.
Persons: Stephanie Keith, Noah Page, Page, he'd, Ralph, , Rick Owens, Sajed Al, Ralph Lauren, Uber, Maarej, Chris Black, Amazon, Al, they'd, Rekk, Cyril Noel, Tagoe, Noel, Louis Vuitton, scammers, Reddit, Brittany Allen, Allen, Remi Vaughn, Vaughn, she's, David Johnston, Johnston Organizations: Bloomberg, Getty, CNBC, National Retail Federation, Appriss, Amazon, Page, Riverside Press, Medianews, PayPal, Retailers, Artemis, Walmart, Apple, Nike, eBay, Saks Fifth, DoorDash, Google, MacBook, Mail, UPS, U.S . Postal Service, Al, Rekk, Gucci Locations: New York, Chattanooga , Tennessee, Reddit, TikTok, Eastvale, Michigan, Oklahoma, Chattanooga
A Jaguars ex-employee has been sentenced to 78 months in prison for stealing $22 million from the team. Amit Patel, 31, spent almost all of the money on losses on Draft Kings and FanDuel, his lawyers said. Prosecutors said Patel also used the cash to buy private flights, luxury items, and cars. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA former Jacksonville Jaguars employee who pleaded guilty to stealing $22 million from the team was sentenced to six and a half years in prison on Tuesday.
Persons: Amit Patel, FanDuel, Prosecutors, Patel, , undoubtably, Tiger Woods, Philippe, Megha Parekh, Parekh, Henry Lee Adams Jr Organizations: Jaguars, Service, Jacksonville Jaguars, Justice Department, Tesla, Nissan, Associated Press, BI, ESPN, NFL Locations: District, Florida, Beach , Florida
Learn moreAmazon's third-generation Echo Buds are the brand's most budget-friendly headphones yet. Amazon Echo Buds (2023) Amazon's third-generation Echo Buds lack noise cancellation, but they sound solid for the money and include hands-free Alexa support on a budget. And unlike more expensive headphones, the third-gen Echo Buds don't come with active noise cancellation (ANC) to help reduce background sounds that might interfere with your music. Sarah Saril/InsiderDespite their drawbacks, the Echo Buds are still a solid budget choice for users of multiple devices. Sarah Saril/InsiderThe Echo Buds (3rd Gen) aren't for everyone, but they have their appeal.
Persons: Sarah Saril, Alexa, there's, earbuds, Lizzy McAlpine, Alison Wonderland, aren't, that's, Bose Organizations: Business, Alexa, Amazon, Sony, Bose, Samsung, Apple, ANC
EdmundsThe total cost of a new F-150 over five years, including the $36,400 additional costs on top of the $48,100 sticker price, is about $85,000. That would make the total cost of the car about $91,000, including the original purchase. EdmundsThe total cost for gas and hybrid Rav4s would be about $64,300 over five years, including the original purchase price of about $35,000. Both models also have much lower depreciation than the F-150 and the Model Y, dropping about $12,300 in value over five years. AdvertisementIt's important to consider the total cost of ownership when selecting a new vehicle, which can be thousands more out of your pocket every year.
Persons: , That's, Edmunds Organizations: Service, Business, Ford, Toyota, Tesla Locations: Edmunds
New York CNN —Multiple Taco Bell locations in Oakland have closed their dining rooms because of safety concerns in the California city, which has been struggling with rising crime affecting businesses both big and small. Diversified Restaurant Group owns about 300 Taco Bell and Arby’s locations, predominately in the western US. At least four Taco Bell locations in Oakland have closed their dining rooms, however the drive-thru remains operational. CNN affiliate KPIX-TV visited a Taco Bell location that has been robbed four times in the past four months, finding signs notifying customers of the closure. One Oakland location still has their dining room open but has gone cashless to discourage robberies, KPIX-TV reported.
Persons: Taco Bell, Taco, Gavin Newsom, – CNN’s Nathaniel Meyersohn Organizations: New, New York CNN, Bell, Group, Restaurant Group, Taco Bell, Taco Bell’s, CNN, Oakland, San, Criminal, Patrol Locations: New York, Oakland, California, Cane’s, San Francisco Chronicle
YouTuber JerryRigEverything put Elon Musk's claims that the Cybertruck is bulletproof to the test. AdvertisementThe Cybertruck might not be as bulletproof as Elon Musk has advertised. AdvertisementWhile the truck didn't prove entirely bulletproof, Nelson said he was still impressed by its durability. Since the Cybertruck was first announced in 2019, Musk has hyped up the rugged nature of the truck, claiming the vehicle would be entirely bulletproof. AdvertisementDuring an interview with Joe Rogan in 2023, Musk said that the standard Cybertruck wouldn't have bulletproof glass, but the stainless steel doors would still be thick enough to stop a bullet.
Persons: YouTuber JerryRigEverything, Elon Musk's, , Elon Musk, Zach Nelson, Nelson, InsideEVs, Gun, Tesla, Tommy Gun, Musk, Joe Rogan Organizations: Service, Elon, YouTube, Browning
Some Tesla Cybertruck owners noticed their new stainless steel vehicles have small rust specks. A few months after deliveries began, some members of a Cybertruck-owners forum started complaining about rust spots on the vehicle. After all, the Cybertruck is the first stainless steel vehicle to be produced since DMC made the stainless steel DeLorean and later halted production in 1982. The extra upkeep isn't entirely unexpected for experienced Tesla owners, many of whom have taken on the role of early adopters. If Tesla hits Musk's ambitious production targets for the Cybertruck, Tesla is likely to face less forgiving buyers, automotive analyst Ivan Drury told BI.
Persons: Tesla, , You've, Donald Green, Wes Morrill, Elon Musk, Dennis Wang, didn't, Wang, Cybertruck, Morrill, Jay Larson, Larson, Win Cramer, we're, Cramer, Ivan Drury, Green Organizations: Service, Business, Facebook, DMC, DeLorean, YouTube, BI Locations: League City , Texas, Arizona, California
Read previewIt's no secret there's a housing shortage in the US, and it's not likely to get better any time soon. Hannah Jones, senior economic research analyst for Realtor.com, told Business Insider this year "will still be a challenging housing market." "Buyers are seeing less home inventory, less homes for sale in the market, and sellers are less incentivized to sell in today's market," Jones said. The situation is even more stark when looking at single-family homes alone. Jones said, "multifamily housing has been a bit of a bright spot in the last couple of years."
Persons: , it's, Hannah Jones, Jones Organizations: Service, Business
Prices for the R2 SUV, which will go on sale in early 2026, will start at around $45,000, Rivian said. That’s something that set the larger R1S apart among electric SUVs, few of which can seat more than five. The Rivian R2. The Rivian R2 and R3 are Rivian’s smaller, more affordable off-road EVs Rivian“For $75,000 I can buy a Mercedes or a BMW, a 100-year-old Europe power house,” he said. Without naming Rivian, Scout chief executive Scott Keogh noted the advantage of Scout’s established brand name.
Persons: CNN — Rivian, Rivian, R.J, Scaringe, It’s, , ” Scaringe, won’t, Sandeep Rao, , Scott Keogh, ” Keogh Organizations: CNN, US EV, BMW, Kia, Hyundai, Volkswagen, Scout, International Harvester Locations: Georgia, Europe, South Carolina
Walmart expanded its same-day delivery offering to allow shoppers to get online purchases dropped off earlier in the morning. With same-day deliveries, the three retailers are not only trying to outmatch one another on convenience. With Target's announcement this week, Walmart, Target and Kroger will all have paid membership programs with home deliveries as one of the benefits. Kroger has used online delivery to break into new regions of the country, including Florida, without opening a single grocery store. Walmart and Target both beat Wall Street's sales expectations for the holiday quarter, but said shoppers are still very value-focused.
Persons: Kroger, Michael Baker, Davidson, Davidson's Baker, John David Rainey, Rodney McMullen, That's, McMullen, We've Organizations: Target, Walmart, D.A, Kroger, Costco, Albertsons, FTC, Wall Locations: U.S, Florida
Rivian CEO RJ Scaringe, in announcing the company's upcoming R2 SUV, also revealed two additional crossovers called the R3 and R3X, a performance variant. The Rivian R3 electric vehicle is unveiled at the Rivian South Coast Theater in Laguna Beach, California, on March 7, 2024. The Amazon -backed company has been burning through cash to improve current EV production and narrow losses. Shifting production of the R2 from the in-development plant in Georgia to the company's plant in Normal, Illinois, will save $2.25 billion, Rivian said in a press release. Rivian CEO RJ Scaringe speaks at an event to unveil a smaller R2 SUV during an event in Laguna Beach, California, U.S., March 7, 2024.
Persons: RJ Scaringe, Mike Blake, It's, Patrick T, Fallon, CNBC's Phil LeBeau, Scaringe, Rivian Organizations: Reuters, Rivian Automotive, Coast Theater, AFP, Getty Locations: Laguna Beach , California, U.S, Georgia, Normal , Illinois
Tesla shared a video of a Cybertruck scaling a difficult off-road trail in Utah. The electric truck, which was shown with a driver inside, conquered the off-road trail known as Hell's Revenge in the video. Travel site Utah.com describes Hell's Revenge as having "steep climbs, descents, and some edges that are not for the faint of heart." Morrill said navigating Hell's Revenge with the tri-motor EV, called Cyberbeast, is "like off-roading in easy mode." The Cyberbeast truck managed to drive 318 feet with the sled, while the Ford truck got up to 263 feet.
Persons: Tesla, Cybertruck's, Wes Morrill, , Morrill Organizations: Service, Ford, Business Locations: Utah
The Lawrence Township Police Department recovered 223 of 675 SpaceX Starlink Terminals allegedly purchased using stolen credit card numbers, the department said Tuesday. A New Jersey man was arrested on charges for allegedly trafficking 675 SpaceX Starlink terminals purchased with stolen credit card accounts or hacked Starlink billing accounts, police said Wednesday. The man, 35-year-old Kelvin Rodriguez-Moya, was stopped by police Dec. 4 while driving 223 Starlink terminals in a pickup truck and trailer after leaving a residence in Lawrence Township, New Jersey, a criminal complaint said. Lawrence Township police had been tipped off about a suspiciously large number of Starlink terminals being shipped to that home, the complaint said. The total value of the 675 fraudulently purchased Starlink terminals that police subsequently learned had been shipped to the Lawrence Township address is about $400,000, police said.
Persons: Kelvin Rodriguez, Moya, Detectives, Rodriguez Organizations: Police Department, SpaceX Starlink, SpaceX, FedEx Locations: Lawrence, New Jersey, Lawrence Township , New Jersey, Newark
Where Electric Vehicles Are (and Aren’t) Taking Off Across the U.S.Last year, Americans bought more than one million fully electric cars, trucks and SUVs, a record and a milestone for the country’s transition away from gas-powered vehicles. To fight climate change, the Biden administration and many state governments want to accelerate the transition to electric vehicles. experience from pretty easy and kind of hard,” said Ken Kurani, a researcher focused on electric vehicles at the University of California, Davis. Only two electric vehicles in the analysis, both made by Tesla, cost the same or less than similar gas models. But for now, “there are some very real ways in which, in comparison to conventional vehicles, electric vehicles either really are still struggling to be as good or better, or are struggling against the imagination that they’re not as good or better,” he said.
Persons: Tom Libby, Mr, Libby, , , Biden, Ken Kurani, Kurani, Brittany Greeson, Philip Cheung, We’re, Tesla, “ We’re, Jessica Caldwell, Kelley, Davis Organizations: P Global Mobility, P, Pew Research Center, University of California, The New York Times, BMW, Ford, Hyundai, General Motors Locations: Florida, Texas, West Coast, California, San Francisco Bay, Los Angeles, Detroit, Bismarck, N.D, United States, Davis, Chicago, Norway, Edmunds, U.C
Takeaways from Super Tuesday 2024
  + stars: | 2024-03-06 | by ( Eric Bradner | Gregory Krieg | Simone Pathe | ) edition.cnn.com   time to read: +14 min
CNN —President Joe Biden and former President Donald Trump took big steps toward making their seemingly inevitable rematch official, as both notched huge Super Tuesday wins. Here are takeaways from Super Tuesday:Trump wins bigThe former president continued his run of dominance in the Republican nominating contest, despite losing one state, Vermont, to Nikki Haley. His approval ratings remain low, and the general election horse race polling is worrisome for Democrats. But on Super Tuesday, like every other primary day, he has dominated his few rivals – typically winning around 80% of the vote. “Tonight’s numbers showed that President Biden cannot earn back our votes with just rhetoric,” Vote Uncommitted MN spokesperson Asma Nizami said in a statement.
Persons: Joe Biden, Donald Trump, Trump, “ uncommitted, Biden, suburbanites, Haley, Nikki Haley, CNN’s, there’s, ” Trump, Evan Vucci, Haley —, , Marianne Williamson, Dean Phillips, who’s, Tapper, Warren, , uncommitted ”, Uncommitted, Asma Nizami, , “ uncommitted ”, Robert F, Kennedy Jr, Kennedy, he’s, They’ve, South Carolina Sen, Lindsey Graham —, , CNN’s Dana Bash, , Nikki, ” Graham, Graham, Haley’s, Mark Levin, She’s, — Biden, Jason Palmer, Palmer, hasn’t, Michael Bloomberg, ” Phillips, Biden’s, Mark Robinson, Josh Stein, Roy Cooper, Bill Graham, “ Mark Robinson, Laurie Buckhout’s, Don Davis, Sandy Smith, Smith, Dan Conston, Buckhout, Davis, Nathan L, Gonzales Organizations: CNN, Biden, Tuesday, Trump, Republican, , AP, GOP, Trump . College, South Carolina, South Carolina Republican, News, American Samoa —, Democratic, Democratic National Convention, New York City, Minnesota Rep, Democratic Party loyalists, Gov, Democratic Gov, North Carolina Republicans, North, Republicans, Congressional, Fund, House GOP, Freedom Caucus, Capitol, Air Force Locations: Vermont, Lago, Palm Beach, Mar, Fla, Gaza, North Carolina, Virginia, Michigan, Israel, Minnesota, Ilhan Omar’s, Minneapolis, Nevada, New Hampshire, South Carolina, … Vermont, American Samoa, New York, Congress, Tarheel State, state’s, North Carolina’s, Washington
What to watch for on Super Tuesday
  + stars: | 2024-03-05 | by ( Gregory Krieg | Eric Bradner | ) edition.cnn.com   time to read: +15 min
Here are 9 things to watch for:The night the lights go out on HaleyBarring a stunning upset – actually, multiple stunning upsets across the country – Super Tuesday is looking like the end of the road for Haley. While Haley has said she would stay in the race through at least Super Tuesday, she has not hinted at an exit. A North Carolina governor’s race with implications up and down the ballotOn a Super Tuesday with an unusual lack of spice, the North Carolina gubernatorial primary is a rare exception. Mark Robinson and Democratic state Attorney General Josh Stein are expected to coast to their parties’ respective nominations. Down-ballot in Texas, there’s more to watch, starting with the payback campaign of Attorney General Ken Paxton.
Persons: Joe Biden, Donald Trump, Biden, Trump, Nikki Haley, Trump’s, Dianne Feinstein, Haley, , Liz Cheney, she’s, , specter, MAGA, Barack Obama, Mark Robinson, Josh Stein, Robinson, Stein, Roy Cooper, Beto O’Rourke’s, Republican Sen, Ted Cruz, Colin Allred, Cruz, Sen, Roland Gutierrez —, Allred, , outraising Cruz, Ken Paxton, Paxton, Dade Phelan, He’s, Dianne Feinstein —, Laphonza Butler, Steve Garvey, Adam Schiff, Schiff, Katie Porter, Barbara Lee, Garvey hasn’t, Garvey, Jerry Carl, Barry Moore, Moore, Marjorie Taylor Greene, Carl, Steve Scalise, It’s, Terri Sewell, David Valadao, Michelle Steel, Young Kim, Ken Calvert’s, Katie Porter’s, Scott Baugh, Josh Harder’s, Mike Levin’s, London Breed, George Gascon, CNN’s Simone Pathe, Fredreka Schouten Organizations: CNN, South Carolina Gov, Trump, California Senate, Democrats, Haley, Trump Republicans, Wyoming, GOP, Democratic, MAGA Republicans, Virginia, North, North Carolina Republicans, Carolina governor’s, North Carolina, Republican, Gov, Texas Democrats, Cruz, NFL, Affordable, Texas Legislature, Senate, Democrat, Alabama, showdowns, 2nd, Caucus, Georgia, Louisiana Rep, Chamber of Commerce, California House, Rep, London, Supervisors, District Locations: Alaska, California, Colorado , Minnesota, North Carolina, Alabama, Gaza, Minnesota, South Carolina, Virginia, Carolina, Texas, San Antonio, Uvalde, Tuesday’s, Florida, Montana , Ohio, West Virginia, Arizona, Michigan, Nevada , Pennsylvania, Wisconsin, Orange County, Francisco, Los Angeles
U.S. Sen. Kyrtsen Sinema (D-AZ) speaks at a news conference after the Senate passed the Respect for Marriage Act at the Capitol Building on November 29, 2022 in Washington, DC. Independent Sen. Kyrsten Sinema announced Tuesday that she will not run for re-election this year, leaving the Senate after one term that saw her paint Arizona blue, leave the Democratic Party and play a key role in numerous legislative negotiations in a tightly divided Senate. "I will leave the Senate at the end of this year," Sinema said in a video posted on her X account. Notably, Sinema believed she was stronger with Arizona Republicans than with her own former party. Republicans, who are hoping to flip the Senate back into their control this year, are eyeing Arizona as a potential pickup opportunity.
Persons: Kyrtsen Sinema, Independent Sen, Kyrsten Sinema, Sinema, Kari Lake, Ruben Gallego, Gallego Organizations: Sen, Senate, Washington , DC, Independent, Democratic Party, Sinema, Arizona Republicans, NBC News, Republicans, GOP Locations: Washington ,, Arizona, Lake
DETROIT – Ford Motor's U.S. sales jumped 10.5% last month compared with February 2023, led by increases in its hybrid and all-electric vehicles sales. The Detroit automaker Monday reported sales of 174,192 cars and trucks for February. The company said hybrid sales totaled 12,045 in February, including 6,463 units of its small Maverick Hybrid pickup. Despite the increases in hybrids and EVs, 89.5% of Ford's sales last month were traditional cars and trucks in February. Ford reported total year-to-date sales through February were 311,325 units, a 6.6% increase compared with the same time period a year earlier.
Persons: DETROIT –, Jim Farley Organizations: Ford Motor Co, Washington Auto, Washington , D.C, DETROIT, DETROIT – Ford Motor's, Detroit, Ford, Automotive News, Rivals General Motors, Stellantis, CNBC PRO Locations: Washington ,
Ford on Monday reported a continued surge in monthly hybrid sales, the latest indication that its strategic shift from money-losing and demand-softening electric vehicles is paying off. Shares of Ford were trading as much as 4% higher on Monday after a strong February sales report. F YTD mountain Ford stock year to date performance. Hybrids are "going to be a breakout for Ford," Jim Cramer said Monday. Ford Blue, which includes ICE and hybrid vehicles, delivered a $7.5 billion EBIT profit.
Persons: Ford, Jim Cramer, Jim, Jim Farley, Jim Cramer's, Charly Triballeau Organizations: Ford, Ford Pro, CNBC, AFP, Getty Locations: U.S, Inwood , New York
Opinion: Why ‘My Way’ won’t go away
  + stars: | 2024-03-03 | by ( Richard Galant | ) edition.cnn.com   time to read: +17 min
We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. “That is the way he spoke,” Anka told Ed Masley of the Arizona Republic. It may not go his way, but the failure of Congress to approve more aid to Ukraine likely is giving Putin hope. Whether Congress chooses to provide the continued financial support Ukraine, Israel and Taiwan desperately need will go a long way toward answering this question. “If Biden wants to improve his standing with voters,” wrote Jon Gabriel, “a Brownsville photo won’t cut it.
Persons: CNN — “, , Frank Sinatra, , Alexey Navalny, Paul Anka, Sinatra, , Anka, ” Anka, Ed Masley, Vladimir Putin, Donald Trump, Melania Trump, Odessa Rae, Trump, Joe Biden, Jack Smith, Mitch McConnell, McConnell, Julian Zelizer, Putin, Emmanuel Macron, Mark T, Esper, Russia resurges, ” Esper, Nick Anderson, Dahlia Lithwick, Steve Vladeck, Walt Handlesman, Biden, Nikki Haley, “ Biden, specter, ” David Axelrod, Haley, ” Dana Summers, Joe Biden John Halpin, Sophia Nelson, Catherine Russell, Russell, Ofri Bibas Levy, Yarden, Kibbutz Nir, Shiri Bibas, Ariel, ” Levy, Shiri, Kfir, Frida Ghitis, Drew Sheneman, Roe, ” Cupp, Katie Britt, Elena Sheppard, I’d, Betsy Ross, ” Sheppard, Dorothea Dix, Lucy Delaney, Elizabeth Cady Stanton, Sheppard, Kristen Kelly, Serene Williams, Clay Jones, Jon Gabriel, Gabriel, Eric Adams, Laken Riley, Raul A, Reyes, ” Don’t, David Horsey, Agency Van Jones, Ariel Dorfman, Dean Obeidallah, Shane Gillis, Noah Berlatsky, , Kellie Carter Jackson, Lev Golinkin, Josephine Apraku, Germany Jill Filipovic, Jodie Turner, Smith, Michael Bociurkiw, Anna Arutunyan, Kirk Tanner, Jeff Yang, ” Wendy’s, ” Yang Organizations: CNN, FBI, Liberty Ball, Russia ”, Twitter, Capitol, Republicans, Senate, GOP, Trump, Republican Party, West, Tribune Content Agency Trump, Michigan Trump, Democratic, Agency, Tribune Content Agency, UNICEF, Hamas, CNN Republicans, Union, Biden, New York City, Immigration, Customs Enforcement, University of Georgia, Congressional, Stanford Locations: Moscow, Miami, Arizona Republic, Russian, Russia, Odessa, Ukraine, Michigan, , United States, Israel, Taiwan, Washington ,, Gaza, Tribune Content Agency Gaza, Rafah, , Alabama, Biden’s State, Brownsville, New York, Venezuela, Germany
General Motors recalls nearly 820,000 pickup trucks
  + stars: | 2024-03-02 | by ( Eva Rothenberg | ) edition.cnn.com   time to read: +1 min
New York CNN —General Motors is recalling nearly 820,000 pickup trucks over a potential safety issue involving tailgates. General Motors did not immediately respond to CNN’s request for comment. General Motors said it received one complaint of minor injury and three of minor property damage. Dealers will replace the exterior switch that opens the tailgate with material that is more water resistant. General Motors said it will begin letting customers know whether their car is affected on March 18.
Persons: Motors, General Motors Organizations: New, New York CNN —, Silverado, GMC, General Motors, General, Dealers Locations: New York, GMC Sierra, United States, Canada
A Foundation series Cybertruck was sold at an auction for $244,500 on Wednesday — over $130,000 more than its sticker price. AdvertisementSince Tesla started deliveries of the Cybertruck on November 30, Give Me The Vin has received dozens of offers from Cybertruck owners, Wolfe said. It's not the first time Tesla owners have attempted to flip their cars. In 2022, some Tesla owners made up to $7,000 reselling their EVs. However, the resale market has been difficult for Tesla owners in recent years due to the company's recent series of price cuts.
Persons: , Elon Musk, John Clay Wolfe, Tesla, Wolfe, We've, he's, GiveMeTheVin, Rolls Royce, It's Organizations: Service, Porsche, Cox Automotive's, Business, South Orlando, Elon, Tesla, Rolls Locations: Cox Automotive's Manheim, Dallas , Texas
Is Tesla's Cybertruck the new status car?
  + stars: | 2024-03-01 | by ( Grace Kay | Madeline Berg | ) www.businessinsider.com   time to read: +8 min
Tesla's Cybertruck isn't the kind of car that goes unnoticed. The Cybertruck isn't your average pickupMusk has been hyping up the Cybertruck since it was announced in 2019. AdvertisementFrom the start, it's been clear the Cybertruck isn't geared toward your traditional pickup truck market. But it's not exactly your typical luxury status car, eitherWhile the Cybertruck isn't a traditional pickup, it's not exactly a luxury car. "The finance geeks are just, they're beside themselves of how much they admire" Musk, Chesterfield said.
Persons: Tesla's Cybertruck, Kim Kardashian, Pharrell Williams, Jay, Hayley, Justin Beiber, Wiz Khalifa, Ivan Drury, Edmunds, it's, Tesla, Elon, Winston Chesterfield, Barton, It's, Chesterfield, it's Tesla's, hasn't, Ford, Jim Farley, Brian Moody, Mercedes, Ben Affleck, Cameron Diaz, Will Smith, Oprah Winfrey, Morgan Freeman, Steven Spielberg, Drury, Musk, it'll, Moody, Kyle Conner Organizations: Business, Ford, Royce, Twitter, YouTube Locations: Instagram, London
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