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☆ What investors should know about the U.S. easing vehicle emissions rules
▼ + stars: | 2024-03-23 | by ( Michael Wayland | ) www.cnbc.com time to read: +6 min

President Joe Biden speaks at the United Auto Workers political convention at the Marriott Marquis in Washington, D.C., Jan. 24, 2024. The new Environmental Protection Agency rules released Wednesday aim to cut tailpipe emissions by 49% between model years 2027 and 2032. The EPA set a target for EVs to make up at least 35% of new vehicle sales by 2032. The EPA's new strategy for cutting tailpipe emissions doesn't focus only on EVs. The EPA's percentage targets for EV adoption are not mandates but expectations for how automakers could meet the emissions regulations.

Persons: Joe Biden, Saul Loeb, Biden, Emmanuel Rosner, Mary Barra, Ngan, John Bozzella, Stocks, Tesla, weren't, Chelsea Hodgkins, Martin Viecha, Chris Kapsch, Morgan Stanley, Adam Jonas Organizations: United Auto Workers, Marriott Marquis, Washington , D.C, AFP, Getty, DETROIT, Environmental Protection Agency, EPA, EV, Detroit Automotive, Wall Street, Detroit, General Motors, Ford Motor, Chrysler, capex, Deutsche Bank, Chevrolet Silverado, Huntington Place Convention, Afp, Alliance for Automotive Innovation, United Auto Workers union, UAW, Toyota, Public Citizen, Sierra Club, Democratic, GM, Ford Locations: Washington ,, Detroit , Michigan, U.S, Detroit, Michigan

☆ Biden slows his timeline for the shift to EVs in a compromise with unions concerned about jobs
▼ + stars: | 2024-03-20 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +5 min

President Joe Biden is giving automakers more time to ramp up sales of electric vehicles, following pressure from the industry and labor unions concerned about a rapid transition to EVs. Cars are the single-largest source of greenhouse gas emissions. Still, the United Auto Workers worries that a rapid shift to EVs will cost jobs because EV manufacturing requires fewer assembly parts. Pacing EV adoptionThe tailpipe rules land as the EV market hits some bumps in the road. AdvertisementStill, analysts predict that EV sales will continue to push higher, thanks to newer models at more affordable prices and the continued build-out of charging stations.

Persons: Joe Biden, —, John Bozzella, Kelley, Power, Albert Gore, Tesla Organizations: Service, Environmental Protection Agency, Wednesday, Business, United Auto Workers, UAW, Alliance for Automotive Innovation, Ford, General Motors, Zero Emissions Transportation Association, EV, EPA, Research Locations: United States

☆ UAW files for union vote at Volkswagen’s Tennessee plant
▼ + stars: | 2024-03-18 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —The United Auto Workers union is seeking a union representation vote among more than 4,000 hourly workers at the Volkswagen plant in Chattanooga, Tennessee. The union has announced a broad-based campaign to win representation at the American plants of 13 nonunion automakers. That is slightly more than the union’s representation at the three unionized automakers, which have about 145,000 UAW members between them. The VW Chattanooga plant is the only factory operated by VW that does not have union representation. Once the election process starts, management often holds mandatory meetings with staff to make the case against union representation, and that convinces some earlier supporters of the union to end their support.

Persons: –, ”, Victor Vaughn, ” Vaughn, “ Organizations: New, New York CNN, United Auto Workers, Volkswagen, BMW, Honda, Hyundai, Mazda, Nissan, Subaru, Toyota, Volvo, – Tesla, –, Motors, Ford, Jeep, Dodge, Chrysler, VW, ” Locations: New York, Chattanooga , Tennessee, VW Chattanooga, Chattanooga

CNN —Former President Donald Trump warned Saturday that if he were to lose the 2024 election, it would be a “bloodbath” for the US auto industry and the country. That’ll be the least of it.”The comment came in the midst of an extended riff on the auto industry, unions, the transition to electric vehicles and auto plants in Mexico. The Trump campaign shot back Saturday night, saying the former president was speaking about autoworkers. “Biden’s policies will create an economic bloodbath for the auto industry and autoworkers,” Trump campaign spokeswoman Karoline Leavitt said. “Crooked Joe Biden and his campaign are engaging in deceptively, out-of-context editing that puts Roman Polanski to shame,” Trump campaign spokesman Steven Cheung told CNN.

Persons: Donald Trump, Trump, “ We’re, you’re, ” Trump, don’t, autoworkers, isn’t, I’m, ”, Bernie Moreno, Trump’s, Joe Biden’s, “, ” Biden, James Singer, Karoline Leavitt, Crooked Joe Biden, Roman Polanski, Steven Cheung, Fani Willis, Biden, they’ve, it’s, Adolf Hitler Organizations: CNN, EV, Trump, CNBC, Republican, Fulton, Capitol, US Locations: Vandalia , Ohio, Mexico, Rust, Fulton County

☆ Morgan Stanley's car guru has a new under-the-radar pick that benefits from EV industry setbacks
▼ + stars: | 2024-03-11 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Morgan Stanley has a stock in mind for investors looking to profit as the electric vehicle industry attempts to overcome some hurdles: Phinia . PHIN 1D mountain Phinia shares rise after Morgan Stanley initiates coverage Shares rose 4% on Monday. "With approximately 100% FCF conversion and an 8 to 9% combined cash return yield, PHIN is our preferred risk/reward amongst US suppliers." Underpinning the firm's "ICE is Nice" thesis is the expectation for a slower-than-expected adoption of battery electric vehicles, as the industry grapples with a slew of "underappreciated" geopolitical, environmental and economic hurdles, Jonas wrote. "A stable top-line, above-peer margins, minimal leverage… this is a free cash flow story, augmented by cash return," he wrote.

Persons: Morgan Stanley, Adam Jonas, Morgan Stanley's, Jonas Organizations: ICE, EV Locations: BorgWarner, U.S

☆ Warren Buffett once warned that most dot.com startups would fail. His words lit a fire under Amazon's Jeff Bezos.
▼ + stars: | 2024-03-10 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Warren Buffett warned during the dot-com bubble that most internet startups were doomed to fail. Jeff Bezos took the investor's words to heart and told Amazon's workforce to never get complacent. AdvertisementWarren Buffett's famous warning during the internet bubble was a wake-up call for Jeff Bezos that Amazon's long-term survival was the furthest thing from guaranteed. He predicted that would be the case for internet startups too, with all the hype and speculation fading over time and leaving only a handful of companies surviving. This story is available exclusively to Business Insider subscribers.

Persons: Warren Buffett, Jeff Bezos, Buffett, Milton Berg, —, Warren Buffett's, Berkshire Hathaway Organizations: Service, Berkshire, US, Business Locations: Sun

Those more concerned with the climate crisis are asking a bigger question: what does this all mean for the planet? Gas-powered cars, hybrids and EVs all emit roughly the same amount of pollution to manufacture, until you get to producing the battery. Fully electric cars use large batteries made of materials that require heavy mining. And that would still mean less climate pollution on the road overall. And fully electric cars won’t be truly “green” until the energy that charges them comes from renewable sources, like wind and solar.

Persons: Akio Toyoda, EVs, Joe Biden’s, Toyota’s, Daniel Sperling, —, ”, Sam Abuelsamid, Abuelsamid, InfluenceMap, Biden, Kelley, Albert Gore, Gore, I’m, “, ” Monica Nagashima, Lia, Kena, Stephen Ciccone, ” Ciccone, BEV, ” UC’s Sperling Organizations: CNN, Toyota, Auto, US, Toyota Prius Prime, Toyota Toyota, Institute of Transportation Studies, University of California, Ford, EPA, Gas, American Council for, Prius, EV, InfluenceMap, United, Lexus, Cox Automotive, Zero Emission Transportation Association, Getty, Toyota Motor North America, ” Toyota Locations: California, West Virginia, Canada, Australia, United States, EVs, InfluenceMap’s, Japan, Rockland, Blauvelt , New York

☆ Promises Donald Trump has made so far in his campaign for a second term
▼ + stars: | 2024-03-06 | by ( Piper Hudspethblackburn | Piper Hudspeth Blackburn | ) edition.cnn.com time to read: +17 min

Trump also said in that campaign video that he would cut funding for schools that teach critical race theory and gender ideology. Health careLast November, Trump promised to replace the Affordable Care Act, known colloquially as Obamacare, in a series of posts on Truth Social. Trump also vowed in a June 2023 campaign video to reinstate his previous executive order so that the US government would pay the same price for pharmaceuticals as other developed countries. The former president added in a campaign video that he would stop lobbyists and government contractors from pushing senior military officials toward war. We will reverse almost all of them,” Trump said in a campaign video.

Persons: Donald Trump, Joe Biden, Immigration Trump, Trump, ”, “, ” “ We’ll, ” Trump, Education Trump, Obamacare, Biden, ” “, Antonin Scalia, Samuel Alito, Clarence Thomas, ‘ Everybody’s, ’, ‘, he’s, Energy Trump, “ We’re, ” “ It’s, Equity “, CNN’s Tami Luhby, Kate Sullivan, Kristin Holmes Organizations: CNN, Republican, Immigration, Des Moines Register, ATF, FBI, DHS, Hamas, Department of Defense, Education, of Education, of Justice, Department of Education, Health, Trump, Democrats, Trump Administration, Justice, CIA, Department, U.S, Attorneys, Soros District, Marxist, National Guard, Department of Justice, NATO, Cities, Environmental Protection Agency, Energy, Trade, Trump Reciprocal Trade, Economy Trump, Black Conservative, Rifle Association, Legislative Action, Equity Locations: United States, Israel, America, United States of America, State, Washington , DC, Washington, NATO, American, South Carolina, Russia, Ukraine, New Hampshire, New, China, Michigan, Des Moines , Iowa

☆ Russia's new tank — its T-14 Armata — is probably too expensive to use in Ukraine, top weapons maker says
▼ + stars: | 2024-03-04 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

Russia's most advanced tank is likely too costly to use in Ukraine, the head of a top defense firm said. The new T-14 Armata is estimated to cost between $5 million and $9 million. AdvertisementA Russian T-14 Armata tank on display at the International Military Forum Army outside Moscow on Aug. 15, 2023. AdvertisementRussian T-14 Armata tanks drive toward Red Square for the Victory Day parade on May 9, 2015. AdvertisementRussian T-90M and T-14 Armata tanks parade through Red Square during the general rehearsal of the Victory Day military parade on May 7, 2022.

Persons: —, Sergey Chemezov, ALEXANDER NEMENOV, Sean Gallup, Chemezov, Vladimir Putin, Bradley, Kirill Kudryavtsev Organizations: Service, International Military Forum Army, Getty, Abrams, Red, Victory Day, Getty Images Locations: Ukraine, Russia, Moscow, Russian, AFP, NATO, US, Getty Images Moscow, Britain

☆ The Apple car's apparent death is another grim sign for EVs
▼ + stars: | 2024-02-28 | by ( Hayley Peterson | Nora Naughton | ) www.businessinsider.com time to read: +3 min

Apple appears to be tapping out as car companies scramble to adjust EV plans. AdvertisementThe Apple car is dead (apparently). The scrapped plans would be a grim sign for the EV market in the US, which has suffered from flagging demand. As BI reported earlier this month, car companies are rethinking EV plans in response to softening demand for pure electric cars. Automakers shift EV plansLike Apple, US auto companies have been shifting plans to account for softer EV demand.

Persons: —, Apple's, BYD, We're, Stella Li, Li, Mary Barra, Elon Musk's Tesla, Musk, Harald Wilhelm, Mercedes Organizations: Apple, Service, EV, Bloomberg, Yahoo Finance, General, Volvo, Polestar, Benz Locations: North America

☆ The Apple car is the latest casualty in the brutal EV market
▼ + stars: | 2024-02-28 | by ( Hayley Peterson | Nora Naughton | ) www.businessinsider.com time to read: +2 min

Read previewThe Apple car is dead (apparently). The scrapped plans would be a grim sign for the EV market in the US, which has suffered from flagging demand. As BI reported earlier this month, car companies are rethinking EV plans in response to softening demand for pure electric cars. Apple's "Project Titan" car was also supposed to be an autonomous, expensive technology that most car companies have already put on the back burner. Automakers shift EV plansLike Apple, US auto companies have been shifting plans to account for softer EV demand.

Persons: —, Apple's, BYD, We're, Stella Li, Li, Mary Barra, Elon Musk's Tesla, Musk, Harald Wilhelm, Mercedes Organizations: Service, EV, Apple, Bloomberg, Business, Yahoo Finance, General, Volvo, Polestar, Benz Locations: North America

☆ A look into Michigan’s economic prospects as automotive jobs see a decline
▼ + stars: | 2024-02-27 | by ( Chris Isidore | Tami Luhby | ) edition.cnn.com time to read: +11 min

Jobs in the state’s auto plants, parts factories and corporate offices shrank by 35% since 1990, according to figures from the Bureau of Labor Statistics. And those jobs make up only 3.7% of the jobs in the state, roughly half what it was in 1990. Some of the auto jobs disappeared because of automation. “But it is still the cornerstone of the Southeast Michigan economy. The categories understate the importance.”But other segments of the Michigan economy now rival autos.

Persons: –, Stellantis, Jeff Kowalsky, Patrick Anderson, “ I’m, ” Anderson, Brian Peters, Peters, ” Peters, Anderson, Bill Pugliano, Gretchen Whitmer, Whitmer, there’s, ”, Monique Stanton, Stanton, ” Stanton, Matthew Hatcher, Donald Trump, Joe Biden Organizations: New, New York CNN, Republican, Democratic, Bureau of Labor Statistics, Motors, Ford, Fiat Chrysler —, GM, Fiat Chrysler, Getty, Anderson Economic Group, Michigan Center for Data, Michigan Health & Hospital Association, Health, Big, Chrysler, United Auto Workers, General Motors, North, Gov, Census, ICE, Michigan, Michigan League, Public, Missouri Economic Research, Information, Fox News, Democrats, Shoppers, Bloomberg, Washington Post, Monmouth University Locations: New York, Michigan, Mexico, Southern, Edmunds, Dearborn , Michigan, AFP, Southeast Michigan, Lansing , Michigan, North America, Marshall , Michigan, Florida, Texas, Illinois, California, Living, Somerset, Troy , Michigan

☆ China, Xi Jinping Plan to Crush Elon Musk, Tesla, and the US EV Industry
▼ + stars: | 2024-02-25 | by ( Linette Lopez | ) www.businessinsider.com time to read: +13 min

If China EV Inc. were allowed to enter the US today or next year, the legacies would be gutted." The year Musk tittered at the idea of Chinese EVs overtaking Tesla, the country produced only 5,000 electric cars. It has more trade barrier protection from a China Auto Inc. onslaught, but it may not work forever. AdvertisementWe want to maintain an auto industry in the US — that's essential for jobs, national security, and for other sectors of the economy. Sure, Chinese EV makers are lean and mean, but they've never had to deal with international markets before.

Persons: Elon Musk, Warren Buffett, Le, haven't, carmakers, Jim Farley, Tesla, Xi, Andy Wong, Xi Jinping, Li Auto, BYD, Trump, Mary Lovely, Joe Biden's, Biden, it's, Lovely, they've Organizations: Tesla, Bloomberg TV, America's, GM, Ford, Sino, EV, China EV Inc, ascendance, Chery, US, Chinese Communist Party, CCP, Companies, SAIC, Energy Department, China Auto Inc, Peterson Institute, United Auto Workers, White, Auto Locations: Chinese, China, Beijing, Japan, Europe, North America, Brussels, Washington, Hungary, Mexico, Canada, America

☆ Zero-carbon energy generated a record 41% of US power in 2023
▼ + stars: | 2024-02-22 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +5 min

A record amount of renewable energy, led by solar, was added to the grid. It was the opposite story for wind power. They generated a record 41% of US power in 2023. Rowlands-Rees said that falling gas prices made it the cheapest form of energy in 2023. The power sector, as recently as 2016, was the top emitter.

Persons: BloombergNEF, Tom Rowlands, Rees, BloombergNEF's, Rowlands, —, Biden, Jeannie Salo Organizations: Service, Investments, Business, Companies, Industry, Schneider Electric, Toyota Locations: China, America, Japan, Southeast Asia, Coast, New York, Massachusetts, Georgia, North Carolina, Business

☆ A traditional automaker just turned a profit on EVs
▼ + stars: | 2024-02-15 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —Electric vehicles are finally turning a profit for Stellantis, CEO Carlos Tavares said Thursday, and, in contrast to some rivals, it will not cut back on producing EVs. The announcement marks an important milestone for electric vehicles and for traditional automakers, which have struggled to make money on EVs even as demand has grown. Ford, the only company to break out results separately for electric and traditional vehicles, reported that it lost $4.7 billion in EVs last year, or more than $40,000 per vehicle. But he said that EVs, while profitable, are still not as profitable as traditional gas-powered vehicles. That includes profit sharing for about 38,000 United Auto Workers union members at an average of $13,860, down from $14,760 a year earlier.

Persons: Carlos Tavares, ”, Tesla, Traveras, Stellantis Organizations: New, New York CNN —, Fiat Chrysler, PSA Group, Ford, GM, General Motors, Jeep, Chrysler, Dodge, United Auto Workers, UAW Locations: New York, Detroit, EVs, Europe, Paris

☆ In America, Headlights are blinding but not in other countries, this tech is why
▼ + stars: | 2024-02-15 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +8 min

In Europe and Asia, many cars offer adaptive driving beam headlights that can do this. But that still means driving much – or most – of the time using only low beam headlights that don’t reach very far. That means it will probably be years before ADB headlights are widely available in the US. But, while driving, the lights work just like standard high beam, low beam headlights. It will be years before they can offer new, redesigned ADB headlights that meet the standards, auto industry sources say.

Persons: ”, “, Michael Larsen, Larsen, Matt Brumbelow Organizations: CNN, ADB, Traffic Safety Administration, NHTSA, Ford, Volkswagen, Insurance Institute for Highway, Society of Automotive Engineers, ” Audi, “, General Motors, Society of Automotive, EU, Audi, Mercedes, Insurance Institute for Highway Safety Locations: Europe, Asia, China, Canada, United States, America, American

☆ Here are Wednesday's biggest analyst calls: Tesla, Nvidia, Arm, Citi, Walmart, First Solar, Ulta, GE & more
▼ + stars: | 2024-02-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

UBS downgrades Waste Management to neutral from buy UBS said the trash company has a "lofty" valuation. Citi reiterates Nvidia as buy Citi said its standing by its buy rating heading into earnings next week. " UBS upgrades HF Sinclair to buy from neutral UBS said the refiner is underappreciated. UBS upgrades Huntington Bancshares to buy from neutral UBS said it sees "strong strategic positioning" for the regional bank. Citi downgrades GlobalFoundries to neutral from buy Citi downgraded the semi company following earnings on Tuesday.

Persons: Wells, Redburn, Morgan Stanley, Tesla, it's, Piper Sandler, Piper, Jane Fraser's, Q, BRKRs, BRKR, DINO, D.A, Davidson downgrades Airbnb, Evercore, GlobalFoundries, Bernstein, Wingstop Organizations: Wells, RBC, Enphase Energy, Shoals Technologies, SolarEdge Technologies, UBS downgrades Waste Management, UBS, Citi, Nvidia, JPMorgan, Sinclair, diesel, Deutsche Bank, General, Deutsche, GE, ABNB, ABNB's, Walmart, ISI, Huntington, HSBC, Palantir, HP, Bank of America, of America, Design Systems, Rivals Locations: EBITDA

☆ Your next Tesla could be made by China
▼ + stars: | 2024-02-14 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

Elon Musk invited the suppliers to Mexico as part of plans for cheaper Teslas, Bloomberg reported. That move could be stoking concerns among US officials and EV makers over China's influence. China has a "highly organized, highly efficient supply chain," Venkatesh Prasad, chief innovation officer at the Center for Automotive Research, told Bloomberg. AdvertisementTesla, which also makes cars in the US, and other US-based EV makers may also be feeling the heat from competitors. Mary Lovely, a senior fellow at the Peterson Institute for International Economics, told Bloomberg.

Persons: Elon Musk, —, Tesla's, Venkatesh Prasad, Tesla, stoke, Katherine Tai, Tai, Biden, EVs, China's, Tesla's Musk, Mary Lovely Organizations: Bloomberg, Service, Center for Automotive Research, Business, Trump, Chinese Communist Party, US Trade Rep, Nikkei, EV, Peterson Institute for International Economics Locations: Mexico, Monterrey, Shanghai, Mexican, Nuevo Leon, Austin, China, Beijing, Washington, DC, United States

☆ Battery swapping is taking off in China — and it could help rescue the EV revolution in the US
▼ + stars: | 2024-02-03 | by ( Tom Carter | ) www.businessinsider.com time to read: +8 min

The Tesla rival pioneering battery-swappingFounded by entrepreneur William Li — sometimes referred to as "China's Elon Musk" — in 2014, Nio has built a network of more than 2,000 battery swap stations in China. Experts told BI that battery swapping offers a solution to many of those concerns — in theory. Ample battery swapping technology promises to swap out an EV battery in under five minutes. It's a heavy innovation because battery swap is closely connected with the vehicle design and the sales model," said Dr Shen. Ample, which in the future plans to charge users a battery subscription fee to use its swap stations, has battery swap stations operating in Spain, Japan, and California, where it has worked mainly with fleet providers such as Uber.

Persons: —, William Li —, China's Elon, Nio, Fei Shen, William Li, HECTOR RETAMAL, JAC, Shen, Dylan Khoo, John Helveston, Helveston, Khoo, John De Souza, De Souza Organizations: Service, Business, EV, Chery, ABI Research, George Washington University, Fiat Locations: China, Europe, West, San Francisco, Spain, Japan, California

☆ Tesla owners are peeved about an update that was meant to fix Autopilot
▼ + stars: | 2024-01-29 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Read previewSome Tesla owners aren't too happy about a recent software update that targets the carmaker's driver-assist feature. AdvertisementAnother Tesla owner, Christian Fielden, told the Journal the update made him feel like his car was "bullying" him. The publication said it found at least 30 Tesla owners had filed complaints about the update with US automotive safety regulators. Tesla fans have also started criticizing the update on social media, with some blaming the update on safety regulators, who have been critical of Tesla's Autopilot and Full Self-Driving features. Tesla has warned that its Autopilot feature and its Full Self-Driving add-on require a licensed operator and are not a substitute for a driver.

Persons: —, Tesla, Larry Pecan, he's, Christian Fielden, Elon, @elonmusk, GtCZxtPrzu — Rodney Niya Organizations: Service, Business, Wall Street Journal, Safety

☆ Detroit Lions: Historically beleaguered team is banishing demons with landmark playoff run after being known for heartbreak, unwanted records and a curse
▼ + stars: | 2024-01-27 | by ( Ben Morse | ) edition.cnn.com time to read: +11 min

CNN —Sixteen years ago, the Detroit Lions made history – but for all the wrong reasons. St. Brown catches a touchdown against Tampa Bay Buccaneers cornerback Zyon McCollum during the second half of their NFC divisional round playoff game. Campbell watches from the sideline during the second quarter of the Lions' game against the Baltimore Ravens at M&T Bank Stadium. Mitch Stringer/USA TODAY Sports/ReutersThat speech, which some mocked and others praised, came three years to the day before the Lions’ playoff victory over the Bucs. A final standJanuary 12, 1992: the last time the Detroit Lions took to the field for an NFC Championship game.

Persons: –, it’s, Ra St, Brown, Dan Campbell’s, ”, . Brown, Zyon McCollum, Lon Horwedel, Dave Birkett, Birkett, Bobby Layne ’, Layne –, Layne, Jonathan Daniel, Birkett isn’t, ’ ”, Barry Sanders, Calvin Johnson, Matthew Stafford, Charlie Sanders –, Hall, underachieving, Campbell, ‘, “, You’ve, “ It’s, we’re, Mitch Stringer, Campbell’s, Michael Jackson, George HW Bush, Darrell Green, Rich Lipski, Penei Sewell, Ifeatu Melifonwu, Aidan Hutchinson, Alim McNeill, Jahmyr Gibbs, Sam LaPorta, Brian Branch, Jared Goff, ” Birkett, they’ve, Alex Chepeska, ” Chepeska, I’d, ” Jahmyr Gibbs, Kevork Djansezian, “ I’ve Organizations: CNN, Detroit Lions, NFL, Ford, Lions, Super, San Francisco 49ers, NFC, Detroit, Tampa Bay Buccaneers, Tampa Bay, Reuters, University of Michigan, Pittsburgh Steelers, Green Bay Packers, The Packers, Hall of Fame, Anderson Economic, Baltimore Ravens, T Bank, USA, Washington Redskins, Washington Post, –, HBO, Los Angeles Chargers, SoFi, 49ers Locations: Motor, Las Vegas, St, Detroit, –, Michigan

☆ Elon Musk warns Tesla workers they'll be sleeping on the production line to build its new mass-market EV
▼ + stars: | 2024-01-25 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Elon Musk said Tesla engineers will have to sleep on the production line to build the company's next-gen EV. Tesla workers have previously said they slept on factory floors during production ramp-ups. AdvertisementElon Musk warned Tesla workers to prepare themselves for a challenging production ramp-up as he previewed plans to build a mass-market vehicle. AdvertisementIt wouldn't be the first time that Tesla workers have reportedly had to sleep on manufacturing lines to meet the company's production deadlines. Tesla workers could face a heightened form of what Musk previously dubbed as "production hell" during Tesla's 2017 Model 3 ramp-up.

Persons: Elon Musk, Tesla, —, Elon, Musk, Tesla's Organizations: Service, Reuters, EV, BYD, Business Locations: Texas, Tesla's

☆ Apple, Zuck, Elon, and the lesson of Microsoft Windows
▼ + stars: | 2024-01-24 | by ( Alistair Barr | ) www.businessinsider.com time to read: +9 min

However, this person has been investing for more than 2 decades and sold a startup to a big tech company in the first dot-com boom. "The lesson of Microsoft Windows"Then this hedge funder schooled me on the "lesson of Microsoft Windows." He also pointed out that if you don't own a big platform, your life kinda sucks. AdvertisementThe biggest betsThis is why big tech companies are investing 100s of billions of dollars to find the next big platforms. Big Tech is all about winning our attention and being the first "funnel" that sends us out into the world.

Persons: Mark Zuckerberg, —, Apple, Tesla, it's, Mark Gurman, I've, Matthew Ball, Zuckerberg, Ball, OpenAI, Nora Naughton, Elon Musk Organizations: Apple, Service, Apple's, Microsoft, Microsoft Windows, Android, Amazon, Google, Big Tech, Tesla, Software, GM, Ford, Meta Locations: American

☆ Tesla set to report fourth-quarter earnings after the bell
▼ + stars: | 2024-01-24 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +4 min

Tesla is set to report fourth-quarter earnings for 2023 after the bell Wednesday. Tesla shareholders submitted questions for executives to answer via the platform Say Technologies ahead of the earnings call. They're asking when Tesla plans to debut its "next-generation" vehicle, a more affordable EV referred to by fans as the Model 2. Gerber said on CNBC's "Last Call" with Brian Sullivan, that Musk was "blackmailing" Tesla shareholders, and that "the idea that he doesn't control Tesla is absurd." WATCH: Elon Musk is very much in charge of Tesla

Persons: Elon Musk, Tesla, Musk, Elon, Ross Gerber, who's, bristled, Gerber, Brian Sullivan Organizations: Tesla Inc, Fratelli, LSEG, Labor, General Motors, Ford, United Auto Workers, Tesla, Investors, Twitter Locations: Italy, Rome, U.S, Sweden, Scandinavia, Europe, Nevada, Tesla

☆ Detroit Lions ticket prices are going through the roof as rare playoff run stimulates local economy
▼ + stars: | 2024-01-19 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

And the entire Detroit economy is cashing in on the team’s rare playoff success, not just the ticket vendors. Normally closed on Sundays in January, Vertical Detroit was jam-packed last Sunday to host fans before the Lions game. Detroit Lions quarterback Jared Goff walks off the field after an NFL wild-card playoff football game against the Los Angeles Rams, Sunday, Jan. 14, 2024, in Detroit. ‘Trying to rebuild the city’This weekend’s Lions playoff game, airing on NBC, will once again put Detroit in the national spotlight. A boost to tourism from an unlikely spot — the Detroit Lions — should help support that comeback.

Persons: That’s, Eminem, ”, Tyler Theile, Remy Lutfy, ” Lutfy, Jared Goff, Paul Sancya, Taylor Swift, Matt Ferrel, ” Ferrel, Henry Ford, Ford Hamp, ” Theile, Lutfy, “ We’ve Organizations: CNN, Lions, Super, Tampa Bay Buccaneers, San Francisco 49ers, Dallas Cowboys, The Lions, Detroit, Anderson Economic, AEG, Detroit Lions, NFL, Los Angeles Rams, “, Ford, Firestone, NBC, steakhouse Locations: Detroit, TickPick, City

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