Apple, ex-Tesla, engineer Michael Schwekutsch jumps to Archer aviation

Attendees watch as aircraft maker Archer is unveiled on June 10, 2021 in Hawthorne, California. Patrick T. Fallon | AFP | Getty Images Michael Schweikoch, director of engineering at the Apple Special Projects Group that is said to be working on self-driving cars, has left to join air taxi startup Archer as senior vice president … Read more

Cramer says he’s not ready to sell Nvidia, sees stock at $10 trillion one day

CNBC’s Jim Cramer said Wednesday that he’s not ready to sell any Nvidia stock just yet, although he recently booked some profits in two other trust-winning charities, Advanced Micro Devices and Ford. Kramer told “Fast Money Halftime Report” that he believes Nvidia’s stock could reach $10 trillion one day. Shares are up 145% year-to-date to … Read more

GM to form new joint venture to produce costly raw materials for EVs

Production is now set to begin at the former assembly plant in Detroit-Hamtramck, less than two years after General Motors announced a massive $2.2 billion investment to renovate the entire facility to build a variety of all-electric trucks and SUVs. Photo by Jeffrey Suger for General Motors DETROIT – General Motors is planning to form … Read more

Auto executives say more than half of U.S. car sales will be EVs by 2030, KPMG survey shows

President Joe Biden speaks during a visit to the General Motors Factory Zero electric vehicle assembly plant, Wednesday, November 17, 2021, in Detroit. Evan Fauci | AP Auto executives believe more than half of their sales will be electric cars by 2030, in line with President Joe Biden’s electric vehicle sales goal, according to a … Read more

BMW unveils high-performance XM hybrid electric concept vehicle

BMW on Monday evening unveiled a new high-performance concept car showcasing an electric crossover expected to begin production late next year in South Carolina. The automaker said the new production vehicle, called the BMW XM, will be available exclusively as a plug-in hybrid electric vehicle under the company’s “M” performance division. The concept vehicle revealed … Read more

Read the e-mail Elon Musk sent Tesla workers on cutting delivery costs

Tesla’s Model Y crossovers are seen at a showroom in Shanghai, China, on January 18, 2021. VCG | China Optical Group | Getty Images Amid ongoing port restrictions and rising shipping costs, Tesla CEO Elon Musk urged employees Friday, in a company-wide email obtained by CNBC, to look for ways to reduce the cost of … Read more

Baidu kicks off robotaxi business, after Beijing city’s fare approval

A safety employee enters a self-driving robotic taxi on October 13, 2020, in Beijing, China, a few days after Baidu launched trial operations for its Apollo Robotaxis. Zhao Jing | China Optical Group | Getty Images BEIJING — The Chinese tech giant told CNBC this week that Baidu could start collecting automated taxi fares in … Read more

5 big issues from regulation and EVs to semiconductors

A technician inspects a computer chip. Safa Ozil | E + | Getty Images GUANGZHOU, China – China’s tech sector has embarked on a wild ride over the past year, with tightening regulations, wiping billions of dollars from companies’ market value and a steady push from Beijing to achieve tech self-sufficiency. These are among the … Read more

Chinese Tesla rival Xpeng wants to sell half of its cars overseas

Xpeng CEO He Xiaopeng stands next to the company’s P7 electric sedan as he addresses the media at the 2020 Beijing Auto Show. Evelyn Cheng | CNBC Chinese electric car startup Xpeng plans to become a global automaker, with half of its car shipments going to countries outside of China, Vice President and Chairman of … Read more

Tesla Texas ‘Gigafactory’ will cost at least $1.06 billion: filings

Elon Musk, CEO of Tesla, stands at the foundry of the Tesla Gigafactory during a press event. general. Patrick Balloul | Image Alliance | Image Alliance | Getty Images Tesla will spend more than $1 billion on a new auto plant in Austin, Texas, and aims to complete construction of several key components of the … Read more