Author: Bingborg Newsfeed

Tesla Plunges After a Bizarre Conference Call

Elon Musk told investors not to buy Tesla Inc. shares if they can’t stomach volatility. They got the message. The comments — part of a bizarre, heated conference call after the close Wednesday — sent the electric-car maker’s stock plunging. Tesla fell as much as 8.6 percent Thursday after the chief executive officer rejected analysts’… Continue reading Tesla Plunges After a Bizarre Conference Call

As Musk Berates Analysts, VW Unleashes Massive Counterpunch

A few hours after Elon Musk berated analysts for what he perceived as unimaginative questions, Volkswagen AG said it was writing a check for batteries that almost match Tesla Inc.’s entire market value. VW has awarded 40 billion euros ($48 billion) in contracts to battery producers, double from just a few weeks ago. The deals… Continue reading As Musk Berates Analysts, VW Unleashes Massive Counterpunch

Tesla’s Bonkers Earnings Call Was Actually Perfect

In hindsight, Elon Musk’s statement at the beginning of Tesla Inc.’s latest earnings call that “We’re going to go as long as there are good questions to answer” sounds less like encouragement and more like a warning. As you may have heard, the CEO decided the “good questions” from analysts ran out in about half an… Continue reading Tesla’s Bonkers Earnings Call Was Actually Perfect

After Tesla Debacle, Denmark Reconsiders Electric Car Subsidies

Denmark may be open to financial incentives to buy electric cars after seeing a dramatic drop in sales of non-polluting vehicles, according to Prime Minister Lars Lokke Rasmussen. “We have tax incentives for electric cars, and you could discuss if they should be bigger. I will not exclude that,” Rasmussen said in an interview in… Continue reading After Tesla Debacle, Denmark Reconsiders Electric Car Subsidies

Ford Is About to Abandon American Sedans

The Model T, the ’32 deuce coupe, the Thunderbird, the Mustang: For much of its 115-year history, Ford Motor Co. has been synonymous with cars. But now Ford, one of the great engines of 20th Century American industry, is about to do the unthinkable: abandon the American car business almost entirely. Henry Ford and the… Continue reading Ford Is About to Abandon American Sedans

Porsche Doubles Target for Deliveries of Electric Cars by 2025

Porsche set one of the industry’s most aggressive targets for selling plug-in hybrid and battery-powered cars, predicting the vehicles will make up as many as half of its deliveries by 2025 in a sign the shift to electric models is speeding up. The Volkswagen AG luxury brand is readying the all-electric Mission E sports car… Continue reading Porsche Doubles Target for Deliveries of Electric Cars by 2025

NIO Capital Is Said Close to Completing $500 Million Auto Fund

NIO Capital, the investment firm affiliated to Chinese electric-vehicle startup NIO, is close to completing the first round of its $500 million offshore fund that will put money in new automotive technologies, according to people with direct knowledge of the matter. The company is discussing with sovereign-wealth funds, energy and insurance companies in Asia and… Continue reading NIO Capital Is Said Close to Completing $500 Million Auto Fund