Elon Musk, the chief executive of Tesla, blindsided competitors, suppliers and his own employees this week by reversing course on his aggressive push to build electric vehicle chargers in the United States, a major priority of the Biden administration. Mr. Musk’s decision to lay off the 500-member team responsible for installing charging stations, and to… Continue reading Tesla Pullback Puts Onus on Others to Build Electric Vehicle Chargers
Author: New York Times Online News
Andrettis Keep Fighting to Enter F1
Andretti is a storied name in motorsport, as drivers and owners in open-wheel racing. Mario won most of the world’s major races in his career and took the Formula 1 drivers’ championship in 1978, only the second American to claim the title. His son Michael also raced in Formula 1, as Ayrton Senna’s teammate at… Continue reading Andrettis Keep Fighting to Enter F1
China’s Electric Cars Keep Improving, a Worry for Rivals Elsewhere
Automakers in China are building a new generation of bigger, more technologically advanced and competitive electric cars, threatening to leap further ahead of their global rivals as they step up exports around the world. The dozens of car companies operating in China plan to put 71 new battery electric models on sale this year. Many… Continue reading China’s Electric Cars Keep Improving, a Worry for Rivals Elsewhere
Tesla Fires Charger Team Amid Hundreds of Layoffs
Elon Musk has gutted the part of Tesla responsible for building electric vehicle charging stations, sowing uncertainty about the future of the largest and most reliable U.S. charging network. The layoffs of about 500 Tesla employees, which many of them posted about on social media on Tuesday, raised questions about deals that Mr. Musk, Tesla’s… Continue reading Tesla Fires Charger Team Amid Hundreds of Layoffs
Elon Musk Reaches Deals in China on Self-Driving Teslas
Tesla has concluded a series of arrangements with regulators and a Chinese artificial intelligence company during a quick trip to Beijing on Sunday and Monday by Elon Musk, the carmaker’s chief executive, potentially clearing the way for the company to offer its most advanced self-driving software on cars in China. Tesla had faced a couple… Continue reading Elon Musk Reaches Deals in China on Self-Driving Teslas
U.S. Investigating Tesla Recall of Autopilot
The federal government’s main auto safety agency said on Friday that it was investigating Tesla’s recall of its Autopilot driver-assistance system because regulators were concerned that the company had not done enough to ensure that drivers remained attentive while using the technology. The National Highway Traffic Safety Administration said in documents posted on its website… Continue reading U.S. Investigating Tesla Recall of Autopilot
Honda Commits to E.V.s With Big Investment in Canada
Honda Motor on Thursday said it and several suppliers would invest $11 billion to build batteries and electric cars in Ontario, a significant commitment from a company that has been slow to embrace the technology. Like Toyota and other Japanese carmakers, Honda has emphasized hybrid vehicles, in which gasoline engines are augmented by electric motors,… Continue reading Honda Commits to E.V.s With Big Investment in Canada
Daimler Truck Workers in North Carolina Are Poised to Strike
Workers who make trucks and buses for Daimler Truck in North Carolina appeared poised to strike on Friday as contract talks remained deadlocked. A contract covering 7,000 Daimler employees represented by the United Automobile Workers will expire at the end of Friday. The German company has four factories in North Carolina, where it builds Freightliner… Continue reading Daimler Truck Workers in North Carolina Are Poised to Strike
Tesla Earnings Report: Revenue Fell to $21.3 Billion, Adding to Strategy Concerns
Tesla reported on Tuesday that it made significantly less money in the first three months of the year because of its tepid car sales, reinforcing concern among investors that the company led by Elon Musk is losing ground in the market for electric vehicles. Profit fell 55 percent, to $1.1 billion, from the first quarter… Continue reading Tesla Earnings Report: Revenue Fell to $21.3 Billion, Adding to Strategy Concerns
G.M. Reports Big Jump in Profit on Gasoline Car Sales
General Motors on Tuesday reported a big jump in profits for the first three months of the year, based on the strength of its gasoline vehicle business, and raised its outlook for the rest of the year. The company saw slow growth in electric vehicles, but robust sales of internal combustion vehicles, especially pickup trucks,… Continue reading G.M. Reports Big Jump in Profit on Gasoline Car Sales