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Shares in Elon Musk’s Tesla extend losses after another downgrade

Still, Mr Black’s firm last week pared its Tesla holdings, and its price target for the stock to $US250 from $US290. In a separate post on X this week, Mr Black said: “We’ve

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Lotus is launching a sedan, Emeya, and its Eletre SUV is about to go on sale in Australia

Gibbs insists, however, that clever engineering overcomes the obvious disadvantages. “I can attest to that personally. Both from a performance point of view, and in terms of handling, the engineers have done an

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Edmunds: ‘Storm is brewing’ fueled by negative equity | Auto Remarketing Auto Fin Journal

Cherokee Media Group asked Jessica Caldwell of Edmunds about negative equity during a conversation at NADA Show 2024 in February. Caldwell immediately replied, “Right now, that is a yikes.” The latest Edmunds Used

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U.S. Auto Dealer Sentiment Improves in Q1, but Current Market View Remains Weak as Profit Pressures Replace Inventory Woes

ATLANTA, March 13, 2024 – The Cox Automotive Dealer Sentiment Index (CADSI) shows that current market sentiment improved slightly in the first quarter compared to the fourth quarter of 2023, increasing from 40

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Volkswagen says tough market to weigh on car sales growth in 2024

By Miranda Murray and Nick Carey BERLIN (Reuters) -Volkswagen expects a 3% rise in its car sales this year, down sharply from 2023 amid a gloomy economic outlook and growing competition. Presenting the

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Over 100k annual electric ute sales needed by 2029 to hit Australian emissions target

The Federal Government’s proposed emissions standards will require half of all ute sales in Australia to be of electric models by 2029, a recent study has found. The Australian Automobile Association (AAA) –

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Toyota Corolla and Yaris hatchbacks now hybrid-only

Toyota Australia is no longer selling new petrol-engined versions of the Toyota Corolla and Yaris hatchbacks. Toyota Australia sales, marketing and franchise operations chief Sean Hanley announced the move today at the launch

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New car prices to increase under fuel efficiency standards: Toyota

Australia’s biggest car-maker has given its starkest warning yet that prices of some new cars are set to increase under NVES Toyota Australia has given its starkest warning yet that the Toyota HiLux,

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The Best $10K You Can Spend on a Used Car, According to Experts

Bruce Benedict / Kia The average cost of a used car in the U.S. is $26,533, according to Kelley Blue Book (KBB). But if you’re on a tight budget, or if you’re looking

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EVs were once luxury vehicles. Now, they’re for every driver

The company did introduce slightly lower-priced models; the Model S, a five-door sedan, first produced in 2012, had a base price of $60,890 (£47,615). Still, its cost left it squarely out of reach

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