Why Tesla was kicked out of the S&P 500’s ESG index

Why Tesla was kicked out of the S&P 500's ESG index

An aerial view of the Tesla Fremont Factory on May 13, 2020 in Fremont, California. Justin Sullivan | Getty Images The S&P 500 booted electric vehicle maker Tesla from its ESG Index in an annual rebalancing. Meanwhile, Apple, Microsoft, Amazon and even oil and gas multinational Exxon Mobil were included on the list. The S&P … Read more

EV battery costs set to spike as raw material shortages drags on

EV battery costs set to spike as raw material shortages drags on

Attendees look at the all-electric Ford F-150 Lightning pickup truck at the Washington Auto Show in Washington on Tuesday, January 25, 2022. Bill Clark | CQ-Roll Call, Inc. | Getty Images The cost to produce electric vehicles is primed to surge over the next four years, according to a new report, the result of scarcity … Read more

Experts spell out do’s and don’ts for parents amid baby formula shortage

White House chief of staff Ron Klain says the White House is "absolutely" and "strongly" considering having President Joe Biden invoke the Defense Production Act to address the urgent baby formula shortage problem plaguing the country.

White House chief of staff Ron Klain says the White House is “absolutely” and “strongly” considering having President Joe Biden invoke the Defense Production Act to address the urgent baby formula shortage problem plaguing the country. (Paul Hennessy, Associated Press) Estimated read time: 6-7 minutes SALT LAKE CITY — Utah health experts addressed growing concerns … Read more

Audi RS 5’s New Competition Package Has Coilovers

Audi RS 5's New Competition Package Has Coilovers

2023 Audi RS 5 with Competition packagePicture: Audi In an effort to make the RS 5 more of a driver’s car — and more competitive with BMW M and Mercedes-AMG machines — Audi is giving the RS 5 a new Competition package. You get some serious performance goodies — but it all comes at a … Read more

Illinois Revokes Carvana’s Dealer License Over Titling Issues

Illinois Revokes Carvana's Dealer License Over Titling Issues

Photo: Joe Raedle (Getty Images) Carvana is presently forbidden from selling cars in the land of Lincoln, Rivian is suing its seat supplier and Tesla’s closing the order books for a vehicle it was supposed to start manufacturing six months ago. All that and more in The Morning Shift for Tuesday, May 17, 2022. 1st … Read more

How Carvana went from a Wall Street top pick to meme stock trading

How Carvana went from a Wall Street top pick to meme stock trading

Ernie Garcia, CEO, Carvana Scott Mlyn | CNBC Carvana CEO Ernie Garcia III regularly tells Wall Street that “the market continues” in the company’s mission to become the largest and most profitable used car retailer in the world. Its stock price has marched this year as well, just in the wrong direction for investors. Within … Read more

After the ‘hippie’ bus and Beetle, VW makes eyes at America once again

After the 'hippie' bus and Beetle, VW makes eyes at America once again

As Volkswagen looks to resurrect the Scout brand in the United States, CEO Herbert Diess has shed light on the decision, saying it represents an opportunity for the German auto giant to “become much more American.” VW announced plans to re-launch the Scout as a fully-electric pick-up and “rugged” SUV last Wednesday, with prototypes due … Read more

Auto supplier Magna uniquely positioned to benefit from electric trucks

Auto supplier Magna uniquely positioned to benefit from electric trucks

DETROIT – If electric pickup trucks from the Detroit automakers take off, auto supplier Magna International is in a unique position to benefit from producing a crucial part of the vehicles. The Canadian company produces the enclosures that house the lithium-ion batteries of the Ford F-150 Lightning and Hummer EV pickups. The parts are highly … Read more

George Soros Backs Bet on Rivian as Ford Delivers Bad News

George Soros Backs Bet on Rivian as Ford Delivers Bad News

Rivian (RIVN) – Get Rivian Automotive, Inc. Class A Report got scared but the electric vehicle maker made up for it well. The young manufacturer of electric SUVs and pickups has just cleared some of the many doubts hanging over its short-term future. The Irvine, Calif.-based company confirmed its production target of 25,000 vehicles in … Read more

Cold, hard, sanitary cash? BYU study finds going cashless to prevent COVID-19 was ‘useless’

Liz Atkinson, manager of the Quicksilver store at the Outlets at Traverse Mountain in Lehi, cleans a terminal after a transaction on May 1, 2020. Many businesses began encouraging transactions with plastic debit and credit cards as a safety measure to fight the spread of COVID-19. Now, a study from BYU says that plastic payment cards are actually worse for carrying the coronavirus than cash and coins.

Liz Atkinson, manager of the Quicksilver store at the Outlets at Traverse Mountain in Lehi, cleans a terminal after a transaction on May 1, 2020. Many businesses began encouraging transactions with plastic debit and credit cards as a safety measure to fight the spread of COVID -19. Now, a study from BYU says that plastic … Read more