Tesla deliveries: Automaker delivered a record 1.3 million vehicles in 2022, but it still disappointed Wall Street

New York CNN  —  Tesla delivered a record number of cars last year, as sales continued to grow by percentages any other major automaker would dream about. But Tesla still managed to disappoint Wall Street throughout 2022 – and the last quarter was no different. The electric automaker delivered 1.3 million vehicles in 2022, up … Read more

GM reports strong profit for Q3, reaffirms guidance in ‘major step’ for automaker

General Motors (GM) reported profit jumped in the third quarter, driven by record revenue and robust demand. For the quarter, GM reported revenue of $41.89 billion, just slightly below analyst expectations of $42.37 billion, but still a record amount for the automaker. GM’s adjusted third quarter EPS came in at $2.25, well ahead of expectations … Read more

BMW to invest $1.7 billion in South Carolina as automaker shifts to electric vehicles

BMW will invest $1 billion in its sprawling factory near Spartanburg, South Carolina, to start building electric vehicles and an additional $700 million to build a electric-battery plant nearby. The German automaker’s announcement Wednesday reflects its commitment to transitioning to electric-vehicle production in North America, in line with similarly ambitious plans by other major automakers. … Read more