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A Chinese business titan pleaded guilty on Monday to federal charges that he made more than $10,000 in straw donor contributions to political candidates — including, a person familiar with the case said, to a New York congressman and Mayor Eric Adams. Hui Qin, 56, of Old Westbury, N.Y., who was once listed on Forbes magazine’s list of billionaires, ran a now-defunct entertainment business called SMI Culture. Image Hui Qin Credit... ImaginechinaMr. Qin asked others to contribute to political campaigns of his choosing, and he agreed to reimburse them, in 2021 and 2022, according to prosecutors. The other figures who received donations were Representative Andrew Garbarino of Long Island and Allan Fung, a former mayor of Cranston, R.I., who ran for Congress, the person familiar with the case said. Both are Republicans, while Mr. Adams is a Democrat.

Persons: Eric Adams, Hui Qin, Imaginechina Mr, Qin, Andrew Garbarino, Allan Fung, Adams Organizations: Forbes, Congress Locations: New York, Old Westbury, N.Y, Manhattan, Qin, Long, Cranston, R.I

☆ Home prices likely to keep rising even as lower mortgage rates bring more supply, according to BofA
▼ + stars: | 2024-03-18 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Existing home prices should keep climbing when mortgage rates slide, Bank of America said. The number of existing home sales on offer fell last year as mortgage rates rose and sellers opted to wait it out to hold onto lower rates they locked in years ago. "As of January, the median sales price of existing single-family homes had grown 5% y/y, while the price for new single-family homes fell 3% y/y." AdvertisementSo far in 2024, mortgage rates have come down from multi-year highs seen last October, falling to 6.74% this month. January's existing home sales were the highest since August, and even small declines in mortgage rates are enough to encourage bursts of activity.

Persons: —, It's, Redfin, Skylar Olsen Organizations: of America, Service, Bank of America, CNBC

☆ White House urges Senate to 'move swiftly' on TikTok bill as lawmakers drag their heels
▼ + stars: | 2024-03-17 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

White House national security adviser John Kirby said Sunday that the Senate should swiftly advance a bill that would force Chinese technology company ByteDance to sell TikTok. The bill passed in the House with overwhelming bipartisan support. The bill passed in a 352-65 House vote on Wednesday. Senate Majority Leader Chuck Schumer, D-N.Y., has made clear that he is in no rush on the TikTok bill. The TikTok bill has also sparked debate outside of Capitol Hill.

Persons: John Kirby, We're, Kirby, Joe Biden, Mike, Gallagher, Raja Krishnamoorthi, Chuck Schumer, Schumer, Bill Cassidy, Ben Cardin, Cardin, Donald Trump, Trump, Mike Pence, Pence Organizations: Foreign, Capitol, White House, Chinese Communist Party, Senate, U.S, Wisconsin Republican, CBS, Press, GOP, Facebook Locations: Washington , U.S, American, China, U.S, D, Capitol Hill, TikTok

☆ VW is reviving a storied American brand to sell electric SUVs
▼ + stars: | 2024-03-17 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +7 min

CNN —When Volkswagen decided to relaunch the Scout SUV brand it took a very unusual step. The revived and revamped Scout Motors will introduce its new brand of all-electric off-road-capable SUVs, kind of like Rivian. Buzz, an electric update of the classic hippie bus, VW is touching on nostalgia to reach a new generation of car buyers. VW came to own the trademark for the defunct brand in 2021 when it purchased Navistar, a successor company to International Harvester. Scout’s parent company, Volkswagen, is building its own EV battery plant in Canada and a battery engineering lab in Chattanooga, Tennessee.

Persons: it’s, Oliver Blume, “ What’s, ”, Erin Keating, Scott Keogh, Dave Mondragon, who’s, they’ll, Keogh, ” Keogh, ” Keough, Chris Benjamin, isn’t, roader, Keating Organizations: CNN, Volkswagen, Scout, Volkswagen Group, Audi, Porsche, VW, ” Volkswagen Group, Cox Automotive, Harvester, International, Bentley, Lamborghini, North, Ford, P Global Mobility, Dealers, Scout Motors, US . Scout Motors, Volkswagen North, Volvo, Mercedes, BMW, Tesla Locations: United States, America, Volkswagen North America, Blythewood , South Carolina, South Carolina, Novi , Michigan, Canada, Chattanooga , Tennessee

☆ Authorities Seize Alligator Being Held Illegally in Home Near Buffalo
▼ + stars: | 2024-03-16 | by ( Claire Fahy | ) www.nytimes.com time to read: +1 min

The alligator’s name was Albert Edward. He was 11 feet long, 750 pounds heavy and 34 years old, and until this week, he lived in a pool house attached to his owner’s home in Hamburg, N.Y., about 13 miles south of Buffalo. The alligator’s owner had built an addition to his house where Albert lived in an in-ground swimming pool, according to the department. It is illegal to own an alligator in New York unless you have a license, according to a statement from the department. But those licenses are only for “scientific, educational, exhibition, zoological or propagation purposes,” the department’s website said.

Persons: Albert Edward, Albert Organizations: New York State Department of Environmental Locations: Hamburg, N.Y, Buffalo, New York

☆ What Must Nelson Peltz Do to Get Some Respect?
▼ + stars: | 2024-03-16 | by ( James B. Stewart | Lauren Hirsch | ) www.nytimes.com time to read: 1 min

At age 81, with over four decades of dealmaking and corporate cage-rattling under his belt, Nelson Peltz would seem to have pretty much everything. Until the hedge fund billionaire Ken Griffin came to Palm Beach, Fla., Mr. Peltz had the largest property tax bill in town, with an oceanfront estate estimated to be worth $334 million. He also has an undeniably full life apart from his business: He has two children from his first marriage. He also has eight children (including two sets of twins) with his wife since 1981, the former model Claudia Heffner. His eldest child from that marriage, Matt, is a partner and co-chief investment officer at Mr. Peltz’s Trian Partners.

Persons: Nelson Peltz, Ken Griffin, Peltz, Claudia Heffner, Matt, Peltz’s Organizations: Peltz’s Trian Partners Locations: Palm Beach, Fla, Bedford , N.Y

☆ Tesla to raise U.S. prices for Model Y vehicles by $1,000 on April 1
▼ + stars: | 2024-03-16 | by ( ) www.cnbc.com time to read: +1 min

Tesla on Friday said it will increase prices for all Model Y cars in the United States by $1,000 on April 1, the automaker said on its website. "Prices will increase by $1,000 for all Model Y trims on April 1," Tesla said on its website. The company on March 1 had also raised the prices of its Model Y rear-wheel drive and long-range vehicles by $1,000 to $43,990 and $48,990, respectively. Tesla did not make it explicitly clear if the April increase would come on top of the March increase for the rear-wheel and long-range models. Tesla had temporarily cut prices of some of its Model Y cars in the U.S. in February, nearly a month after it slashed prices across Europe and China.

Persons: Tesla, Elon Musk Locations: United States, U.S, Europe, China

Norway has had massive success with EV adoption — 82% of new cars sold in the country in 2023 were electric, according to the Norwegian Road Federation. This high adoption rate can be attributed to the generous subsidies the Scandinavian country has offered to electric vehicle owners as well as its investment in charging infrastructure. Tesla's early foothold there has made Norway a pivotal proving ground for the company and a national model for electric vehicle transition. Norwegians were the first European customers to receive deliveries of the Tesla Model S in 2013. CNBC traveled to Norway to meet with local people, government officials and experts to find out how Tesla has become so successful in the Scandinavian country.

Persons: Elon Musk, Tesla Organizations: Norwegian Road Federation, Nordic, Tesla, Toyota, Skoda, Volkswagen, CNBC Locations: Norway

HAMBURG, N.Y. (AP) — An ailing alligator was seized from an upstate New York home where it was being kept illegally, state officials said. Environmental conservation police officers seized the 750-pound (340-kilogram), 11-foot-long (3.4-meter-long) alligator on Wednesday from a home in Hamburg, south of Buffalo. The home's owner built an addition and installed an in-ground swimming pool for the 30-year-old alligator and allowed people, including children, to get into the water with the reptile, according to the state Department of Environmental Conservation. Cavallaro said he treated the alligator like it was his kid and that he never put anyone in danger. Officials believe a lethargic 4-foot (1.2-meter) alligator found in Prospect Park Lake in Brooklyn in February 2023 was likely an abandoned pet.

Persons: Tony Cavallaro, Albert, Cavallaro, ” Cavallaro, haven't Organizations: of Environmental Conservation, Associated Press Locations: HAMBURG, New York, Hamburg, Buffalo, Prospect Park Lake, Brooklyn

☆ Serge Raoul, Whose SoHo Bistro Glittered With Stars, Dies at 86
▼ + stars: | 2024-03-15 | by ( Penelope Green | ) www.nytimes.com time to read: +1 min

Serge Raoul, an Alsatian-born former filmmaker who with his brother, Guy, a classically trained chef, founded Raoul’s, a clubby French bistro and SoHo canteen in Lower Manhattan that drew generations of artists, rock stars, writers, models, machers and movie people — along with those who yearned to be near them — died on March 8 at his home in Nyack, N.Y. The cause was a glioblastoma, said his son, Karim Raoul. Serge was on hiatus from making documentaries and Guy had been working as a chef uptown when Serge set out to find him a restaurant. A friend thought Luizzi’s, a cozy and well-worn spaghetti and meatballs joint on Prince Street between Sullivan and Thompson, might be for sale. As it turned out, the owners, Ida and Tom Luizzi, were happy to make a deal if it included the provisions that Mr. Luizzi could drop in every day and that Inky the cat could stay.

Persons: Serge Raoul, Guy, —, Karim Raoul, Raoul’s, Serge, Luizzi’s, Sullivan, Thompson, Ida, Tom Luizzi, Luizzi Organizations: Prince Locations: Alsatian, French, Lower Manhattan, Nyack, N.Y, SoHo

☆ Nio plans to launch its mass market EV brand in May
▼ + stars: | 2024-03-15 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

BEIJING — Chinese premium electric car company Nio said Thursday it plans to reveal its mass market brand in May. Executives confirmed the new brand will be named "Le Dao" in Chinese, and said the name is meant to reflect families — the target consumer segment — having a happy time together. Earlier this month Nio said its mass market brand would debut in the second quarter, with the first product launch in the third quarter and large-scale deliveries the following quarter. Another Chinese electric car startup called Xpeng said last summer it plans to develop a new mass market brand that will target the 150,000 yuan ($20,580) price range. The company said it would develop the brand through a strategic partnership with Didi.

Persons: Nio, Xpeng, Didi Organizations: Executives Locations: BEIJING

☆ Here are Friday's biggest analyst calls: Nvidia, Tesla, Apple, Rivian, Micron, Microsoft, Eli Lilly, Amazon & more
▼ + stars: | 2024-03-15 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Citi upgrades Thor Industries to buy from neutral Citi said it see a "favorable event path" for the RV company. " Citi initiates Pure Storage as buy Citi said in its initiation of Pure Storage that the data storage company is an AI beneficiary. Citi reiterates Apple as buy Citi said it's standing by its buy rating on shares of Apple. Bank of America reiterates Amazon as buy Bank of America said it's bullish heading into Amazon's Spring Sales event next week. Citi reiterates Micron as buy Citi raised its price target on the stock to $150 per share from $95 and says it's bullish heading into earnings next week. "

Persons: Piper Sandler, Piper, Morgan Stanley, RSG, Cummins, Baird, Nvidia, JPMorgan, Tesla, Telsey, Todd Vasos, it's, Stellantis, Five9, PBF, DINO, Truist, Eli Lilly, LLYs, Dave Ricks, Patrik Jonsson Organizations: EV, Bank of America, Adobe, Citi, Thor Industries, Morgan Stanley downgrades Republic Services, UBS, Cummins, CMI, Microsoft, Nvidia, JPMorgan, Guggenheim, Apple, Worldwide, " Bank of America, Micron, Catalyst Watch, RBC, UFC, WWE, Inc, Valero Energy, Sinclair, of America, Entertainment, Golden Entertainment, Diabetes, Obesity Locations: Snowflake, F4Q24, China, Nevada

☆ First Came Family. Then Came Marriage (to a Grandmother’s Relief).
▼ + stars: | 2024-03-15 | by ( Andrew Zucker | ) www.nytimes.com time to read: 1 min

Mary Morton, a 99-year-old retired assistant principal in the Bronx, N.Y., wanted to live long enough to watch Melanie Renee White, her granddaughter, walk down the aisle with her then longtime boyfriend, Andrew R. Trotter. “I hope my eyes are still open by the time y’all get married,” she told Ms. White while the couple was dating. On Feb. 22, Ms. Morton’s eyes were fixed on her granddaughter, 37, and Mr. Trotter, 38, as she led their ceremonial celebration at Secret Gardens Miami, an event space in Homestead, Fla.“She just wanted to see it happen so bad,” said Ms. White, who had legally married Mr. Trotter on Jan. 18 at Philadelphia City Hall. “It was just an honor to have her do it.”

Persons: Mary Morton, Melanie Renee White, Andrew R, Trotter, “, ”, White, Jan Organizations: Secret Gardens, Philadelphia City Hall Locations: Bronx, N.Y, Secret Gardens Miami, Homestead, Fla

☆ Buzzy Y Combinator-backed billing startup Lago has raised $22 million with this 22-slide pitch deck
▼ + stars: | 2024-03-14 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewLago, a French startup that offers open-source billing software, has raised $22 million. Founded in 2021, Lago utilizes the open-source community to help businesses like Mistral, Together AI, and Swan manage their payments and billing needs. AdvertisementIn addition, Lago, which has around 30% of its business in the US, will begin to scale out its offering outside of Europe. Lago believes its flexibility around infrastructure will help it win more clients globally as businesses look to create more customizable revenue stacks.

Persons: —, Lago, Swan, Matt Turck, Chuong, Turck Organizations: Service, Business, FirstMark, New Locations: Paris, Lago, Europe

☆ 25-year-old earns $11,000 a month while training for the Olympic trials: With a 'non-revenue generating sport, you have to get creative'
▼ + stars: | 2024-03-14 | by ( Annie Probert Zachary Green | Annie Probert | Zachary Green | ) www.cnbc.com time to read: +11 min

Add to that the sponsorships funding his pole vaulting season and a growing online personal training business, and Spotswood anticipates earning around $11,000 a month. "I just went home to my parents and was like, 'Where can I do pole vaulting?'" Spotswood first fell in love with pole vaulting in seventh grade and has since embarked on a 12-year career in the sport. Olympic hopefulAfter graduating from Virginia Tech, Spotswood decided to focus exclusively on professional pole vaulting and hopes to qualify for the Olympic trials in June. Looking aheadAfter 12 years of pole vaulting, 2024 is likely Spotswood's last dance.

Persons: Jake Spotswood, Spotswood, Enrique Huaiquil Spotswood, redshirting, Enrique Huaiquil, he's, George Mason, Jake Spotswood Spotswood, He's, George Mason's, I'm, I've Organizations: CNBC, George Mason University, Virginia Tech, University of Alabama, SEC, Alabama, ACC Championships, George, NCAA, Insurance Locations: Fairfax , Virginia, Fairhope , Alabama, U.S, Paris, Fairfax

☆ Angela Chao's death comes after years of complaints to federal regulators about Tesla's reverse gear shift
▼ + stars: | 2024-03-13 | by ( Katherine Long | ) www.businessinsider.com time to read: +5 min

She told a friend she often accidentally put the car in reverse instead of drive. But instead of putting the car into drive, she accidentally put it in reverse. Business Insider found 12 complaints related to the Tesla reverse function in a database of automobile consumer complaints kept by the US Department of Transportation. The other five complaints were from people who said their cars appeared to switch between drive and reverse without warning. The federal database where BI located 12 concerns about reverse shifting contained 4,228 total complaints related to Teslas.

Persons: Angela Chao, Tesla, —, Chao, they'd, Teslas, It's Organizations: Service, Street Journal, Business, US Department of Transportation, Regulators, Traffic Safety Administration, Department of Transportation, Tesla, Drivers Locations: Austin, Teslas

☆ In the Fight Over N.Y.C. Sidewalks, Tree Beds Are the Smallest Frontier
▼ + stars: | 2024-03-13 | by ( Jane Margolies | ) www.nytimes.com time to read: +1 min

Over 660,000 trees line the streets of New York City, and the beds around them take up more than 400 acres, according to a city estimate. They plant flowers, post signs to ward off dog owners, and fashion fences from broomsticks, linoleum tiles and old skateboards. In a concrete jungle where few residents have yards, the tiny parcels offer New Yorkers a rare chance to dig into the soil, connect with nature and make something beautiful grow. “The tree bed is the unsung hero of the urban forest,” said Andrea Parker, executive director of the Gowanus Canal Conservancy, which has “ambassadors” in the Gowanus section of Brooklyn who watch over young trees and fill their beds with native plants. “If we’re going to build a robust tree canopy for the city, we need to be thinking about the ground and caring for the ground.”

Persons: ”, Andrea Parker Organizations: Conservancy Locations: New York City, Gowanus, Brooklyn

☆ A New Plan to Hire Thousands of Workers to Help N.Y.C. Families in Need
▼ + stars: | 2024-03-13 | by ( Jeffery C. Mays | ) www.nytimes.com time to read: +2 min

New York City is the nation’s largest municipal employer, but has struggled recently to recruit and retain employees. As of September 2023, there were over 20,000 vacant municipal jobs, according to Council data. City officials say they have recently hired 1,000 workers and reduced the delays in processing benefits. “This does not have to be our reality.”How the Plan Would Work: Partly by hiring CUNY students and seasonal workers. The second part of the effort would connect workers who are typically underemployed, including young people and asylum seekers, with seasonal city jobs such as cleanup crews or internships in various industries.

Persons: Ms, Adams, Henry Garrido, Eric Adams’s Organizations: CUNY, District, City University of New Locations: York, New York City, City University of New York, New York

☆ EV euphoria is dead. Automakers trumpet consumer choice for U.S. car shoppers
▼ + stars: | 2024-03-13 | by ( Michael Wayland | ) www.cnbc.com time to read: +11 min

Andrew Merry | Moment | Getty ImagesDETROIT — The buzz around electric vehicles is wearing off. U.S. EV sales were a record 1.2 million units last year, representing 7.6% of the overall national market, Cox Automotive estimates. "Moving on to less tech-savvy buyers will slow the EV market share growth over the next few years." Automakers wanted to emulate Tesla's success, with some promising to exclusively offer EVs in the not-too-distant future. "Toyota is almost completely absent from the [battery electric vehicle] market yet will gain more U.S. market share than any other car company this year.

Persons: hasn't, Andrew Merry, Aston Martin, Tesla, Elon Musk, Marin Gjaja, Ford, Pablo Di Si, Sam Fiorani, Romeo, Bentley, Mary Barra, there's, Cadillac, John Roth, We've, Gjaja, Jim Farley, Rebecca Cook, Oliver Blume, Akio Toyoda, Morgan Stanley, Adam Jonas, It's, Biden, Cox, Michelle Krebs, EVs, Trisha Jung Organizations: DETROIT, EV, Ford Motor, General Motors, Mercedes, Benz, Volkswagen, Jaguar, Rover, CNBC, GM, Hyundai Motor, Kia, Toyota Motor, VW, U.S, Cox Automotive, AutoForecast Solutions, Volvo, Buick, Cadillac, Honda, Ford Motor Co, Ford, Amperex Technology, Toyota, Cox, Tesla, Nissan, Nissan U.S, Environmental Protection Agency, Alliance for Automotive Innovation, American Automotive, Detroit automakers Locations: EVs, Europe, U.S, North America, Warren , Michigan, Detroit, Marshall , Michigan, Romulus , Michigan

☆ Tesla’s Berlin factory comes back online as power is restored after arson attack
▼ + stars: | 2024-03-12 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +3 min

London/Berlin CNN —Production at Tesla’s factory near Berlin is gradually resuming after the plant was reconnected to the power grid late on Monday following a week-long closure caused by an arson attack. Now production at the factory should be gradually ramped up, CNN affiliate RTL has reported. Prices in Germany for Model Y vehicles, the only cars manufactured at the factory, start at €44,990 ($49,196). That means a week of output is worth about €324 million ($354 million) in sales for Tesla. An aerial view of the Tesla car plant near Berlin on March 10, 2024.

Persons: E.DIS, ”, Tesla, Odd Andersen, ” Musk, Stephanie Halasz Organizations: Berlin CNN —, CNN, “, RTL, Elon Musk’s, Tesla, EVs, Getty, Volcano Group, Reuters Locations: Berlin, —, Europe, Germany, London

☆ Tesla's only European factory is getting back to business after an arson attack shut it down
▼ + stars: | 2024-03-12 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +2 min

Tesla's Gigafactory in Germany shut down earlier this month after an arson attack. The factory employs 12,500 people and produces 1,000 cars per day. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementTesla's German Gigafactory is getting back to business — earlier than anticipated — after an arson attack forced it to shut down for roughly a week. The so-called Volcano Group took responsibility for the attack.

Persons: Tesla's Gigafactory, —, E.DIS, Tesla, Elon Musk Organizations: Service, CNN, Reuters, Group, Business Locations: Germany, Berlin, Europe

☆ Buying a new car could cost you $7,600 a year on top of the sticker price, nearly double a decade ago
▼ + stars: | 2024-03-12 | by ( Cork Gaines | ) www.businessinsider.com time to read: +3 min

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

☆ It is absolutely urgent for both parties to find a way to reduce our debt: Former Rep. Steve Israel
▼ + stars: | 2024-03-12 | 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 EmailIt is absolutely urgent for both parties to find a way to reduce our debt: Former Rep. Steve IsraelFormer U.S. Congressman Kevin Brady (R-Texas) and former U.S. Congressman Steve Israel (D-N.Y.) join 'Squawk Box' to discuss President Biden's $7.3 trillion budge plan for the next fiscal year, Biden's tax hike plans, how to best tackle the national debt, and more.

Persons: Steve Israel, Kevin Brady, Biden's Organizations: Steve Israel Former U.S Locations: Texas

☆ Why are prices still so high? Corporate greed, some say.
▼ + stars: | 2024-03-11 | by ( Tami Luhby | ) edition.cnn.com time to read: +7 min

While supply chain problems and high demand may have helped spur inflation early in the pandemic, Rosolino believes there’s another key reason why prices have soared and remained high: Corporate greed. It’s corporate greed.”Nick Rosolino feels businesses won't lower their prices as long as consumers keep spending. “Too many corporations raise prices to pad their profits, charging more and more for less and less,” Biden said. Companies are typically slower to reduce their prices when costs decline than they are to raise prices when their expenses jump. Corporate profits have contributed to inflation, though experts differ on the extent.

Persons: Nick Rosolino, Rosolino, there’s, ”, “ It’s, Nick Rosolino Reluctantly, Joe Biden, “, ” Biden, Cookie Monster, Lael Brainard, Goldman Sachs, Neil Bradley, Heather Vargas, ” Vargas, ” Heather Vargas, Heather Vargas Vargas, –, Kellogg, Gary Pilnick’s, Companies haven’t, Aaron Hackman, McKinley Conner, Aaron Hackman “, Hackman Organizations: CNN, America, White, Economic Council, Federal Reserve, Companies, Federal Reserve Bank of Kansas City, US Chamber of Commerce, of Labor Statistics, “ Locations: Maine, New Gloucester , Maine, Portland, Heights , California, Fort Lauderdale , Florida

☆ Rivian R2 vs Tesla Model Y: How the two electric SUVs stack up
▼ + stars: | 2024-03-10 | by ( Nora Naughton | ) www.businessinsider.com time to read: +1 min

The R2 SUV will go head-to-head with the ultra-popular Tesla Model Y. The boxy R2 looks more rugged than the Model Y. AdvertisementRivian is taking aim at Tesla with the R2, a smaller and more affordable SUV that will compete with the Model Y. The Model Y will be stiff competition for Rivian's R2. Here's how Rivian's R2 stacks up against its top competitor, the Tesla Model Y.

Persons: — Organizations: Tesla, Service, Elon Musk's EV

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