By Joey Klender Posted on August 12, 2020 Tesla (NASDAQ: TSLA) has decided to split its stock, and investor and TV personality Jim Cramer is a fan of the move. Cramer, a Tesla investor, owner, and former skeptic of the company, believes the move from the electric automaker will encourage younger people to explore investing
Month: August 2020
Goldman Sachs Group Inc. is looking to buy General Motors’ credit card business as it looks to bolster its consumer banking arm, the Wall Street Journal reported Wednesday, citing people familiar with the matter. Barclays is also among a small number of bidders for the automaker’s credit card business, which has about $3 billion in
Tesla has announced a 5 for 1 stock split after market close today – sending its stock (TSLA) jumping as much as 8% in after hours trading. The automaker made the announcement via its investor website on Tuesday: “Tesla, Inc. (“Tesla”) announced today that the Board of Directors has approved and declared a five-for-one split of
Tesla Inc. is splitting its elevated shares in a 5-for-1 exchange, a move timed to make the stock price less expensive for individual investors after becoming the world’s most valuable automaker. Its shares surged on the news in aftermarket trading. Each shareholder of record on Aug. 21 will receive a dividend of four additional shares
Anyone who can afford to blow a six-figure sum on a car is most certainly well-off, but say you have that kind of money lying around, should you want to go electric and buy something like a Porsche Taycan? A rival to the Tesla Model S, the range counts the 4S, Turbo and Turbo S,
Polestar, the premium electric vehicle maker owned China’s Geely and Volvo Cars, would like to eventually be publicly listed, but the immediate focus is on successfully launching the new Polestar 2 electric sedan, the startup’s CEO said. “The mid- and long-term perspective indeed is to be open for the stock market and an IPO,” CEO
Brian Murphy’s 2007 Nissan Frontier will live out its retirement at the Tennessee plant where it was made 13 years ago. The Illinois man, who works as a delivery driver, swapped out his trusty pickup for one of the first 2020 Frontiers last week. Nissan gave Murphy the new truck so it could memorialize his
The big and brawny, yet refined SUV has been thouroughly updated for the 2021 model year, bringing revised styling and added comfort. And on Tuesday, Bentley unveiled the updated version of the Bentayga Speed range-topper. Given its combination of performance and luxury, coupled with some off-road capability, the Bentayga Speed is in a class of
The hills are calling and the 2021 Toyota 4Runner is ready to answer the call. This year, the 4Runner returns with a new special edition but not much else has changed from last year. The blocky, off-road SUV earns a 5.2 TCC Rating. Its capability and style give it some legs, but outdated safety scores
The Bentayga did raise more than a few eyebrows amongst Bentley‘s traditional customers, but it proved to be a hit for the brand and is one of the best luxury SUVs currently on sale. Alas, this particular example that was recently spotted out in public is the most horrible we’ve ever seen. This Bentayga appears
DETROIT — Buick is positioning its newest vehicle, the 2020 Encore GX, to overtake its top-selling U.S. nameplate, the Encore. Over the past year, Buick has eliminated the upper trim levels of the Encore, which is now down to only the base model. Buick says reducing the number of trims helped increase sales last year,
David Freiburger takes us on a journey through time as he recalls 20 moments that made the 426 Hemi engine a legend. #MotorTrend #Hemi #Roadkill Stream the entire Roadkill Universe on MotorTrend for $2/month! https://bit.ly/RoadkillUniverse
If you follow InsideEVs, you likely aware of our friend Brian Jenkins (i1Tesla) and his unique Tesla video content. He took delivery of a Tesla Model Y back in March and has since been providing plenty of interesting coverage. Recently, we shared his off-road-ready Overlanding Model Y setup with you. Now, he talks more specifically
Electric vehicle startup Lucid Motors, which aims to begin selling its first luxury model, the Lucid Air, in early 2021, said Tuesday that the new sedan is the first to achieve a 500-mile driving range. The Lucid Air has an estimated range of 517 miles (832 km), as verified in independent testing, Lucid said. Lucid
By Joey Klender Posted on August 10, 2020 A Tesla Model S was destroyed after a collision with an 18-wheeler nearly tore the electric sedan to shreds. However, the two passengers inside escaped from the accident with some injuries, but their lives completely intact. Reddit user u/quarm813 share photographs of his Model S P90D on
A California judge Monday granted the state’s request for a preliminary injunction blocking Uber Technologies Inc. and Lyft Inc. from classifying their drivers as independent contractors rather than employees. Judge Ethan Schulman of the San Francisco Superior Court delayed enforcing his order by 10 days to give the companies a chance to appeal. The decision
Roughly one month after production of the long-awaited Aston Martin DBX commenced, Harry Metcalfe has had the opportunity to test the performance-focused SUV. Aston Martin has spent roughly five years making the DBX a reality, and its future arguably rests on the DBX’s shoulders. Power is supplied by a 4.0-liter twin-turbocharged V8 sourced from Mercedes-AMG
FRANKFURT — Daimler must find a buyer willing to save its French factory that builds Smart cars because local laws make a closure all but impossible. This puts the automaker in the uncomfortable position of being a distressed seller, unable to extract optimum concessions from potential buyers such as UK industrial group Ineos, which is
Audi last week apologized for a social media ad that some critics called too provocative and others said showed a young girl in danger. The ad showed the girl leaning against the grille of an RS4 station wagon. The caption: “Lets your heart beat faster — in every aspect.” After complaints poured in, Audi removed
Sunglasses. Check. Ballcap. Check. Sunscreen. Check. Spending the afternoon with the top down in a 2021 Porsche 911 Targa 4 instead of slaving over automotive safety ratings and proper hyphen usage. Check, please. Life during coronavirus has stripped us of many of the leisure activities we hold dear, but a top-down convertible drive on a
The difference in Performance and Long Range trims mostly comes down to performance, not features. But with an evolutionary infotainment system, over-the-air updates that keep the car as fresh as a smartphone, and good standard equipment, we give it an 8 out of 10. The most noticeable feature spans overhead. A tinted glass roof stretches
Closed dealerships are not a pretty sight, but they can be pretty interesting when they house some really special abandoned cars. This Maserati and Ferrari dealership in China ups the ante as it’s home to a Porsche Carrera GT, a Ferrari 575 Superamerica and a C5 Corvette Z06. Instagram user cheongermando recently visited the dealership
The 2021 NADA Show must go on — but it may be time to declare it virtual only. As the coronavirus continues to spread, National Automobile Dealers Association leaders are weighing whether they can safely gather Jan. 21-24 in New Orleans. It isn’t looking good. In recent weeks, more in-person industry events have been canceled
Simon Cowell had an accident on a CAB Recon and tells people to read the manual before they ride. An oil spill in Mauritius is causing catastrophic damage to the Indian Island nation’s marine life. Barbados gets 33 electric buses — the largest fleet in the Caribbean. Arcadia Power is committed to making clean energy
NHTSA has opened a preliminary evaluation to assess the cause of interior fires in model-year 2014 Chrysler Town & Country minivans. The agency’s Office of Defects Investigation received three reports in which complainants allege “a fire started at the charge hub mounted in the trim panel located on the driver’s side of the vehicle between
Volvo came up with Polestar. GM says it wants Cadillac to sell only electric cars in the future. FCA may turn Maserati into an all-electric brand as well. Hyundai decided to follow this trend, but we did not expect to see that happen with Ioniq. Forget about the car: that is now the name of
LOS ANGELES — Hyundai Motor Co. is launching a global battery-electric brand using the Ioniq name from its current hybrid and EV hatchbacks. It plans to release three electric vehicles from the new brand in the next four years, starting in early 2021 with a midsize crossover. Hyundai Motor Group, which includes Kia and Genesis,
When thinking about certain modern classics, nostalgia tends to hit like a train. And it’s even worse whenever you’re out driving, because it seems like there’s a BMW 3-Series E46 around every corner, and practically every petrolhead loves an M3 from that very same generation. Depending on the model, miles and overall condition, the best
TOKYO — Japan and Britain agreed to lift auto tariffs for a post-Brexit trade agreement in 2026 despite Japan’s push to lift the tariffs earlier, according to a report in the Nikkei Asian Review. Japanese Foreign Minister Toshimitsu Motegi is currently in negotiations with British Trade Minister Liz Truss in London. Truss said in a
Hyundai Monday morning in South Korea announced the formation of a new dedicated electric-vehicle brand, called Ioniq. The brand follows a formula that Hyundai followed just a few years earlier, with Genesis: take a strong nameplate that applied to several things already, and refocus it. For Genesis, that focus was luxury; for Ioniq it’s “customer-centric