Autos

Airfares, hotel rates and rental car prices fell in July. Here’s how you can score a good deal

Airfares, hotel rates and rental car prices fell in July. Here’s how you can score a good deal

Fluxfactory | E+ | Getty Images Travelers saw prices fall for big-ticket pieces of their vacation budgets in July, offering at least a temporary reprieve after soaring costs earlier this year. Airfares fell nearly 8% from June to July, while prices for rental cars and lodging such as hotels declined 9.5% and about 3%, respectively, …

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Elon Musk challenges Twitter CEO Parag Agrawal to a debate on bots

Elon Musk challenges Twitter CEO Parag Agrawal to a debate on bots

Centi-billionaire Elon Musk provoked Twitter and challenged the company’s CEO Parag Agrawal to a “public debate” about fake accounts and spam in the midst of a contentious legal battle over a $44 billion acquisition. Musk filed a bid with the Securities and Exchange to acquire Twitter back in April this year. After the companies agreed to …

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California DMV accuses Tesla of deceptive practices in marketing Autopilot and Full Self-Driving options

California DMV accuses Tesla of deceptive practices in marketing Autopilot and Full Self-Driving options

Brand new Tesla cars sit in a parking lot at a Tesla showroom on June 27, 2022 in Corte Madera, California.  Justin Sullivan | Getty Images News | Getty Images The California Department of Motor Vehicles has accused Tesla of engaging in deceptive practices around the marketing of its driver assistance systems, which are branded …

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Carvana Cuts Costs as Demand for Used Autos Remains Under Pressure

Carvana Cuts Costs as Demand for Used Autos Remains Under Pressure

Online used-car dealer Carvana Co. said it is aggressively cutting costs as demand from consumers remains under pressure and the company faces the prospect of an economic downturn. Carvana—an early pandemic star that has struggled during the recovery—pledged in April to rein in expenses after it reported its first-ever quarterly-sales decline and said it would …

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GM to expand its hands-free Super Cruise system to span 400,000 miles, including Route 66 and the Pacific Coast Highway

GM to expand its hands-free Super Cruise system to span 400,000 miles, including Route 66 and the Pacific Coast Highway

That green light means you can take your hands off the wheel. Just keep your eyes on the road! Mack Hogan | CNBC DETROIT – General Motors is expanding its Super Cruise hands-free driving system in the U.S. and Canada later this year, introducing the feature for non-interstate roadways and highways such as Route 66 …

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Amazon is starting to deliver packages with Rivian electric vans

Amazon is starting to deliver packages with Rivian electric vans

Amazon said Thursday it will begin to start using electric vans developed in partnership with Rivian to make deliveries. Amazon Amazon is beginning to roll out some of the electric delivery vans that it developed with Rivian Automotive, the companies announced Thursday.  In September 2019, Amazon founder and then-CEO Jeff Bezos stood on stage at …

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Tesla's Next Profit Is Anybody's Guess. Watch These 2 Points Instead.

Tesla’s Next Profit Is Anybody’s Guess. Watch These 2 Points Instead.

Text size Tesla’s Shanghai Gigafactory is the company’s most productive factory. Xiaolu Chu/Getty Images No one knows what to expect, or what investors will focus on, when Tesla reports its quarterly earnings on Wednesday, but the key points to watch are clear: cash flow and demand. Lockdowns in China to fight Covid-19 constrained production at …

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States are spending billions on electric vehicles in battle to replace automotive capital Michigan

States are spending billions on electric vehicles in battle to replace automotive capital Michigan

For as long as there has been an auto industry, Michigan has been its epicenter. But now, the industry is making clear that it is not bound by tradition. The move to electric vehicles — rapidly accelerating as the price of fossil fuels rises and battery technology improves — is easily the biggest shakeup in …

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QuantumScape promised a revolutionary EV battery. Here's why investors are still waiting

QuantumScape promised a revolutionary EV battery. Here’s why investors are still waiting

A solid-state battery development lab for QuantumScape. QuantumScape The electric vehicle space has seen a handful of impressive stock market debuts in recent years, but battery start-up QuantumScape’s first few weeks of trading were remarkable even by EV stock standards.   QuantumScape, which was founded in 2010, went public via a merger with a special-purpose …

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