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George Soros buys Tesla ($TSLA) and other tech stocks

Teslarati

million shares in General Motors. His decision to buy a new $20 million stake in Tesla’s stock comes just after Tesla’s shareholders voted in favor of a 3:1 stock split which will take place on August 25. Ford has also increased EV production and saw a 76.6% Earlier this year, Soros sold his 1.26

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2024 Hyundai Ioniq 6 undercuts Tesla Model 3 by more than $9,000

Baua Electric

A dealer bulletin shows that all versions of the 2024 Ioniq 6 are eligible for $7,500 in “retail bonus cash”—a rebate that can essentially be applied only to purchases, and not with Hyundai’s current low-interest financing, CarsDirect notes. and starts at $40,380 including destination.

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Tesla stock narrowly misses losing streak record, aided by China sales

Teslarati

However, that success was briefly interrupted recently with a nearly 5-week-long streak of losses, which Yahoo Finance reports would have been a record for the company since 2021, if not for a solid rebound on Friday. Since the start of the year, Tesla stock has been consistently recovering from its low point at the end of last year.

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GM Maven introduces monthly offering for members; vehicles include the Chevrolet Tahoe and Chevrolet Volt

Green Car Congress

Maven, General Motors’ personal mobility brand, has expanded its offerings to include a new monthly service, Maven Reserve. Members can access popular GM vehicles for an extended time period without the commitment of leasing, financing or buying. and Waterloo, Ontario, Canada.

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Penske Seeking to Buy Saturn

Green Car Congress

General Motors Corp. GM would continue production, on a contract basis, of the Saturn Aura, Vue and Outlook. and Penske Automotive Group confirmed details of a proposed transaction under which Penske would acquire the Saturn brand. Earlier post.) ( Earlier post.)

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GM expected to outline spending cuts on self-driving unit Cruise

Teslarati

General Motors (GM) is expected to announce significant spending cuts on its self-driving unit Cruise this week, following a series of bad news for the subsidiary after an incident with one of its robotaxis last month. billion to buy out Softbank’s minority stake in the company.

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Germany announces plan for EV subsidy reductions

Teslarati

Conversations regarding the potential elimination of these subsidies continued into late last month when German Finance Minister Christian Lindner said it may be time to eliminate the programs. Early on, subsidy programs are a great way for new products to gain substantial momentum and encourage customers to purchase them.

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