Tag: Autos
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Dwindling cash and soaring memory costs: Tech’s AI buildout has ballooning price tag
Amazon, Alphabet and Tesla all reported negative cash flow in the latest quarter, while Meta’s cash generation plummeted by 91%.
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EV prices aren’t following the ‘law of used cars,’ analyst says — what it means for buyers and sellers
The prices for used electric vehicles have risen this year, which is unusual, experts said. Affordability and high gas prices help explain why, they said.
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Rivian reduces 2026 spending plans, narrows earnings guidance
Rivian reduced its 2026 spending plans and slightly narrowed its previously forecasted losses this year as the company reported second-quarter results.
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Ferrari CEO says he ‘would not change anything’ about polarizing Luce EV debut
Ferrari is pleased with the launch of the Luce all-electric vehicle despite significant criticism upon the car’s spring debut, according to CEO Benedetto Vigna.
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Ferrari raises 2026 guidance after Q2 earnings beat
Ferrari is bumping up its 2026 guidance after beating Wall Street’s second quarter expectations amid “healthy” demand for its products.
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Jeep maker Stellantis swings to profit on rising demand in North America; shares fall 5%
Auto giant Stellantis on Thursday swung to profit in the second quarter, boosted by rising demand in North America.
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SpaceX faces House Energy Committee demand to tour its AI data centers in Memphis
The ranking member of the House Committee on Energy is demanding SpaceX records and a tour of its data centers and power plants in and around Memphis.
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Carvana stock falls 15% as auto retailer’s 2026 earnings guidance misses Wall Street’s expectations
Carvana said Wednesday it expects earnings of between $2.7 billion and $3 billion this year after reporting record quarterly results for the second quarter.
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Audi continues U.S. product push with three-row Q9 SUV
Audi sales have struggled in the U.S. over the last several quarters. The brand has been hit by tariffs and a market shift away from EVs. New product may help.
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Elon Musk’s xAI sues Minnesota over law to ban ‘nudify’ apps
Elon Musk’s xAI, now owned by SpaceX, is challenging a law that would ban so-called nudify apps in Minnesota
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