Tesla’s dominance of EVs is eroding as cheaper cars hit the market

Tesla's dominance of EVs is eroding as cheaper cars hit the market

You’re here is still the top-selling electric vehicle brand in the US, but its dominance is eroding as rivals offer a growing number of more affordable models, according to a report Tuesday by S&P Global Mobility. The data firm found that Tesla’s market share of new registered electric vehicles in the US stood at 65% … Read more

Hyundai’s best years in the US face an Inflation Reduction Act test

Hyundai's best years in the US face an Inflation Reduction Act test

Drew Anger | Getty Images News | Getty Images SAVANNAH, Ga. — Hyundai Motor Group is having its best years ever in the US The South Korean automaker has successfully moved from bargain economy vehicles and dancing hamsters to competing against formidable automakers in the highly profitable American market. The company’s Hyundai, Kia and Genesis … Read more

Why investors have jumped off the Carvana bandwagon

Why investors have jumped off the Carvana bandwagon

Ernie Garcia, CEO, Carvana Scott Mlyn | CNBC DETROIT – Last year, carvana CEO and cofounder Ernie Garcia went on a victory lap. He touted the company’s “landmark” second-quarter results on Aug. 5, 2021 that included the used car retailer’s first-ever quarterly net profit. He then reminisced about the rapid growth of “a bunch of … Read more

States are counting votes with key races still in play. Here’s what to know

States are counting votes with key races still in play.  Here's what to know

CNN — Key races to determine control of the Senate in Arizona and Nevada have yet to be called as both states race to count hundreds of thousands of ballots that have yet to be processed. It still may be hours – or days – before enough ballots are counted in those states to determine … Read more

General Motors (GM) earnings Q2 2022

General Motors (GM) earnings Q2 2022

GM CEO Mary Barra talks with media prior to the start of the 2017 General Motors Company Annual Meeting of Stockholders Tuesday, June 6, 2017 at GM Global Headquarters in Detroit, Michigan. Photo by John F. Martin for GM General Motors reported second-quarter earnings that fell short of Wall Street’s estimates after the company was … Read more