London CNN — Rivian said Monday it would no longer pursue a deal with Mercedes to build electric vans for businesses in Europe. In a statement, CEO RJ Scaringe said the company needed to be strategic about its investments. “At this point in time, we believe focusing on our consumer business, as well as our […]
New York CNN Business — Here’s more bad news for Tesla CEO Elon Musk — as if he needs any. Investors who took short positions in Tesla stock have made an $11.5 billion profit so far this year, according to Wall Street analytics firm S3 Partners, as Tesla shares lost about half their value. That’s […]
CNN Business — Tesla made the first deliveries of its Semi truck to customers Thursday evening, five years after the heavy-duty hauler was first unveiled. The event included two truck cabs decked out in the livery of Pepsi and Frito-Lay, PepsiCo’s snack foods subsidiary. The Tesla Semi was first shown as a prototype in 2017. […]
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