Articles written by Anan Ashraf - Benzinga

World Billionaires Lose $134B In Friday Market Slump, Jeff Bezos And Elon Musk Take The Biggest Hits

Amazon.com Inc's lower-than-expected net sales for the second quarter and disappointing outlook weighed heavily on the company's share price on Friday, and also on its founder Jeff Bezos' net worth. This slump was part of a larger financial hit that erased $134 billion from the wealth of the globe's 500 richest individuals.

Elon Musk Says He Spoke To Donald Trump About 'Government Deficiency Commission:' Tesla CEO Expresses Interest In Joining Body To Reduce 'Accumulation Of Laws'

Tesla Inc CEO Elon Musk said on Friday that he discussed the idea of a 'government deficiency commission' with Republican Presidential candidate Donald Trump in case the former President reclaims the White House. The CEO also expressed his willingness to be part of it.

Tesla Says It Can Make One Powerwall 3 Every 25 Seconds: CEO Elon Musk Terms It 'A Great Product'

Elon Musk Vows To Investigate Tesla's Lawsuit Against EVject In Response To Female Driver's Safety Concerns At Charging Stations

Tesla Inc CEO Elon Musk assured a female customer on Friday that he would investigate the EV giant's lawsuit against EVject, a company that makes a 'breakaway' charging connector for Tesla EV drivers.

Tesla Investor Sawyer Merritt Says This Can Help EV Giant 'Reduce Their Own Costs Between 15%-30%:' Elon Musk Calls It '...A Major Breakthrough'

Tesla CEO Elon Musk on Friday termed the use of dry cathode 4680 cells in the company's stainless steel Cybertruck a "major breakthrough" capable of major cost reduction to the company.

Ford Reports 31% Increase In EV Sales, Driven By Popularity Of Tesla Cybertruck Rival F-150 Lightning

Dearborn-based Ford Motor Co said on Friday that it sold 31% more EVs in the U.S. last month than last year, thanks to the rising popularity of its EV pickup truck.

Tesla's Franz von Holzhausen, Cybertruck's Lead Designer, Celebrates 16 Years: 'Amazing What The Team Has Accomplished'

Senior Design Executive Franz von Holzhausen celebrates 16 years with Tesla, known for design of unconventional Cybertruck, approved by CEO Musk.

Kia Sold More EV9 And EV6 SUVs In US In July Than GM Sold Hummer EVs Throughout Q2

Kia America outsold General Motors' Hummer EV sales in Q2 with its EV9 and EV6 SUVs, selling 3,362 units in July compared to GM's 2,929 units for the entire quarter.

Tesla CEO Elon Musk Says State EV Incentives Are 'Seldom Used:' 'Maybe Lack Of Awareness Or Excessively Paperwork...'

Tesla CEO Elon Musk says lack of awareness or excessive paperwork may be behind underutilization of EV incentives in many US states.

Warren Buffett-Backed BYD's Pure EV Sales Drop To Lowest In Five Months In July While Hybrid Vehicle Sales Surge 67%

BYD, backed by Warren Buffett, sold 340,799 new energy passenger vehicles in July, a 31% jump from last year despite a drop in BEV sales.

Elon Musk Dreams Of Tesla Making A Drivetrain Every Second, 5X Faster Than Right Now

Tesla's Elon Musk envisions making a drivetrain every second, 80% faster than current production. 10 millionth drive unit produced on July 3.

Starliner Delays Weigh On Boeing's Space Segment, Company Reports $1B Loss On Fixed-Price Programs In Q2

Boeing's defense, space, and security segment recorded a loss of $913 million due to delays with its Starliner spacecraft in Q2. More losses expected in future periods.

Tesla Has A 'Clear Path' To Improving FSD In August And Reducing 'Interventions,' Says Elon Musk

Tesla's Elon Musk announced a clear path to improving FSD technology by doubling average miles between interventions in August, aiming for fully autonomous vehicles.

Li Auto, XPeng, Nio: July EV Deliveries From Chinese EV Startups Compared

Chinese EV maker Li Auto reports 49.4% increase in sales, delivering record 51,000 vehicles in July, with continued popularity of Li L6 SUV.

Tesla CEO Elon Musk Says Warren Buffett-Backed EV Maker BYD Should Change Approach To Autonomy 'Fast Or They're In Trouble'

Tesla CEO Elon Musk warned that Chinese EV maker BYD needs to change its approach to vehicle autonomy fast to avoid going obsolete.

Elon Musk's Tesla Makes 10 Millionth Drive Unit, More Than Half Of Them Made In Giga Nevada

Tesla announces production of 10 millionth drive unit, CEO Elon Musk congratulates team. Most units made in Nevada factory.

Amazon Nowhere Close To Its 100K Electric Delivery Vans By 2030 Target: Here's How Many It Still Has To Deploy (Updated)

Amazon plans to have 100,000 electric delivery vans on the road by 2030, but currently only has 19,000. This goal includes vehicles from Rivian and other manufacturers. The company delivered 680 million packages with EVs in 2023.

Biden Administration's Tariffs On China-Made EVs To Protect Domestic Automakers Pushed Back

USTR will take more time to review public comments on hike in import tariffs on Chinese products, final decision expected in August 2024.

Tesla Engineer Showcases First Cybertruck With Dry Cathode 4680 Cells Aimed At Reducing Costs

A Tesla engineer showed off the company's first-ever Cybertruck powered by dry cathode 4680 cells, aiming to achieve profitability by the end of 2021.

Lucid Commences Pre-Production Of Model X Rival Gravity SUV: 'Not All EVs Are Born Equal,' Says CEO Peter Rawlinson

Lucid Group CEO Peter Rawlinson shares video of first Gravity SUV pre-production model, set to start production later this year. Could rival Tesla's Model X and Y in pricing and features.