Investors blame Elon Musk and wonder how much more the stock will fall. Go to Source
Author: New York Times Online News
Jeep Plant Shutdown Imperils Illinois Town and 1,350 Workers
Stellantis plans to idle the factory, which makes the Cherokee, as it shifts to electric vehicles. Labor talks and a union election may be affected. Go to Source
Black Ice and White Knuckles: Braving the Elements on Iceland’s Ring Road
In summer, the roughly 830-mile route offers drivers midnight sun, along with plenty of traffic. Other times of the year, its snowy delights are more solitary, and slippery. Go to Source
Elon Musk’s Distraction Is Just One of Tesla’s Problems
The maker of electric cars faces sharp competition, plummeting shares and production woes while its chief executive is preoccupied with Twitter. Go to Source
Tesla’s Direct Sales Model Helps It Thwart Customer Lawsuits
Sales contracts prevent buyers of the company’s electric cars from pursuing class-action suits if something goes wrong. Go to Source
GM Unit’s Self-Driving Taxis Are Subject of US Safety Investigation
The National Highway Traffic Safety Administration is looking into unexpected braking by cars operated by Cruise, a part of General Motors. Go to Source
Tesla’s Profit Jumped 12% in Fourth Quarter
Tesla said Wednesday that profit in the fourth quarter of 2022 rose 12 percent from the previous quarter, above Wall Street expectations, capping a tumultuous year that included intensifying competition, supply chain disruptions and concerns about the behavior of its chief executive, Elon Musk. Net profit for the quarter was $3.7 billion, up from $3.3… Continue reading Tesla’s Profit Jumped 12% in Fourth Quarter
Tesla Will Build Heavy Trucks at a New Factory in Nevada
Tesla will build a factory in northern Nevada that will manufacture electric semi trucks, the company said Tuesday, putting pressure on traditional truck makers like Daimler and Volvo that are just beginning to sell battery-powered vehicles. The factory, along with a new battery plant, will add 3,000 employees at an existing Tesla facility east of… Continue reading Tesla Will Build Heavy Trucks at a New Factory in Nevada
Elon Musk Said Tesla Buyout Plan Didn’t Involve ‘a Specific Number’
Under direct questioning by a federal judge on Tuesday, Elon Musk could not say exactly how much money investors were considering putting into his 2018 proposal to take Tesla off the stock market. Mr. Musk wrote on Twitter on Aug. 7, 2018, that he had “funding secured” for the deal. But during his last day… Continue reading Elon Musk Said Tesla Buyout Plan Didn’t Involve ‘a Specific Number’
Elon Musk Testifies That His Tweets Did Not Drive Tesla’s Stock Price
In his testimony, Mr. Musk said he thought Twitter was “the best way to communicate with people,” including “investors, big and small.” He also said he used Twitter to share memes, a comment that drew laughter from some people watching the trial. Mr. Musk also acknowledged that in July 2018 his associates and friends, including… Continue reading Elon Musk Testifies That His Tweets Did Not Drive Tesla’s Stock Price