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The Musk-Twitter Deal as Seen in Tweets
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The Musk-Twitter Deal as Seen in Tweets

Updated Oct. 26, 2022 3:00 pm ET Listen to article (1 minute)  Elon Musk may close his $44 billion acquisition of Twitter before the end of the week. The takeover has been one of the most unusual blockbuster transactions in recent memory, with months of twists and turns. The billionaire entrepreneur, who also runs Tesla...

In-wheel motors could be the future of electric cars
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In-wheel motors could be the future of electric cars

London CNN Business  —  In 1900, Ferdinand Porsche and Ludwig Lohner unveiled an electric car with battery-powered motors attached to its front wheels. It was seen as a sensation, but the technology never took off as petrol cars accelerated to world domination. More than a century later, in-wheel motors are making a comeback. Mounted in...

Elon Musk didn’t want EV tax credits. Now Tesla is warming up to them
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Elon Musk didn’t want EV tax credits. Now Tesla is warming up to them

Washington, DC CNN  —  Tesla buyers may be able to take advantage of new federal tax credits for electric vehicles next year, the automaker’s executives said Wednesday. The credits can be as large as $7,500 for new vehicles and $4,000 for used vehicles. Tesla’s eligibility for the previous tax credits ended in Jan. 2020 when...

Why BMW really decided to make batteries in the US
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Why BMW really decided to make batteries in the US

CNN  —  BMW recently announced a $1.7 billion investment to help prepare its huge Spartanburg, South Carolina, factory to produce electric cars and SUVs. That sum included $700 million for the construction of a battery manufacturing plant nearby. Spartanburg is BMW’s largest factory anywhere in the world. It employs 11,000 people and produces 40,000 SUVs...

Tesla Stock Drops After Earnings—and Even Musk Can’t Calm the Unease
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Tesla Stock Drops After Earnings—and Even Musk Can’t Calm the Unease

Tesla reported slightly better-than-expected third-quarter earnings but the stock was dropping anyway because its numbers alone weren’t good enough to quell investor unease about Tesla growth—and not even bullish comments from CEO Elon Musk could send the stock higher. For the third quarter, Tesla (ticker: TSLA) reported $1.05 in per-share earnings from $21.5 billion in...

Tesla Earns Record Operating Profit. Wall Street Yawns.
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Tesla Earns Record Operating Profit. Wall Street Yawns.

Tesla reported slightly better-than-expected third-quarter earnings, but its stock is dropping anyway because its bottom-line numbers aren’t enough to quell investor questions about the company and the industry. In its report, Tesla (ticker: TSLA) reiterated its guidance for 50% volume growth for the foreseeable future, but there isn’t much added detail about that future. That...