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China handed Elon Musk special privileges to set up a Tesla plant in the country, but it may leave him vulnerable to leverage from Beijing, The New York Times reported.
Financing a car means taking out a car loan for a certain amount of money that you pay back over time, with interest, at a monthly rate.
The U.S. government on Wednesday sued Hyundai and Kia's American financing arm, accusing it of repossessing vehicles leased by military service members without first obtaining court permission as required by law.
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Tesla will reveal more information about its long-promised robotaxi on August 8, according to CEO Elon Musk. The annoucement came on the same day Reuters published a report claiming Tesla had canceled development on Project Redwood, an effort by the automaker to build an affordable $25,000 electric vehicle. Hours after accusing the wire service of «lying (again),» Musk took to X at 4:49pm ET to share the news. «Tesla robotaxi unveil on 8/8,» he said.
By Kevin PeacheyCost of living correspondent
Approximately 22% of respondents to an Edelman Financial Engines survey mentioned their goal to buy a car in 2024.(iStock)
The company’s Guaranteed Future Value program is part of a renewed focus to be seen as a value-oriented choice for consumers – particularly now, when every dollar counts.