Tesla shares dropped sharply on Friday after the electric-car company disclosed that its chief of accounting was leaving the company only weeks after coming aboard. The upheaval in the executive ranks emerged hours after the company’s chief executive, Elon Musk, appeared live on YouTube taking a deep drag on what appeared to be a marijuana… Continue reading Tesla Shaken by a Departure and What Elon Musk Was Smoking
Author: New York Times Online News
Elon Musk Details ‘Excruciating’ Personal Toll of Tesla Turmoil
Elon Musk was at home in Los Angeles, struggling to maintain his composure. “This past year has been the most difficult and painful year of my career,” he said. “It was excruciating.” The year has only gotten more intense for Mr. Musk, the chairman and chief executive of the electric-car maker Tesla, since he abruptly… Continue reading Elon Musk Details ‘Excruciating’ Personal Toll of Tesla Turmoil
Elon Musk Says Meetings With Saudis Preceded Tweet on Taking Tesla Private
Elon Musk, Tesla’s chief executive, said on Monday that he had held meetings with representatives of a Saudi sovereign wealth fund who expressed an eagerness to help him take the electric-car maker private. Writing in a post on Tesla’s corporate blog, Mr. Musk offered his fullest explanation yet for what he said were the circumstances… Continue reading Elon Musk Says Meetings With Saudis Preceded Tweet on Taking Tesla Private
Uber Hit With Cap as New York City Takes Lead in Crackdown
New York is the latest city to grapple with questions over how to regulate the company. In London, Uber’s most lucrative European market, Uber recently regained its taxi license after the company agreed to stricter regulations, including providing the city with traffic data. Uber has also faced regulatory battles in American cities, like Austin, Tex.,… Continue reading Uber Hit With Cap as New York City Takes Lead in Crackdown
Stop Uber From Flooding New York
On Tuesday evening, the New York City Council introduced a bill to place a temporary cap on the number of for-hire vehicles — the kind provided by services like Uber and Lyft — allowed on the city’s streets. It’s about time: In recent years these cars have flooded New York, clogging our streets and driving… Continue reading Stop Uber From Flooding New York
Actually, Curbing Uber Won’t Relieve Heavy Traffic
Are ride-sharing and -hailing services like Uber and Lyft causing road congestion? This has been the perception in cities across the country, and the companies have come under fire for it. In New York City, it has led to a proposal to curb, for a year, for-hire-vehicle companies from adding new driver’s licenses (except for… Continue reading Actually, Curbing Uber Won’t Relieve Heavy Traffic
Elon Musk Accuses Tesla Employee of Sabotage
In scrambling to ramp up production of its Model 3 electric car, Tesla has run into trouble with robots and automated machinery, a need for more workers and a shortage of battery packs — all fairly typical issues in starting up an auto plant. Now the company’s chief executive, Elon Musk, suspects a more unusual… Continue reading Elon Musk Accuses Tesla Employee of Sabotage
Common Sense: ‘Mustang Means Freedom’: Why Ford Is Saving an American Icon
A souped-up 1967 Mustang fastback stars in “The Fast and the Furious: Tokyo Drift.” But Mustangs aren’t all about high testosterone. A 1966 convertible is featured in “The Princess Diaries,” and Ford said 27 percent of Mustang buyers are women. William Clay Ford Jr., Ford’s executive chairman and the great-grandson of founder Henry Ford, is… Continue reading Common Sense: ‘Mustang Means Freedom’: Why Ford Is Saving an American Icon
Apple, Spurned by Others, Signs Deal With Volkswagen for Driverless Cars
Two former Apple employees also recalled how their colleagues built a model of a sport-utility vehicle with four seats facing each other, which some employees tested by sitting inside, similar to a design Mercedes advertised in 2015. As recently as 2016, Apple planned to spend hundreds of millions of dollars to build research and development… Continue reading Apple, Spurned by Others, Signs Deal With Volkswagen for Driverless Cars
After Fatal Uber Crash, a Self-Driving Start-Up Moves Forward
Because the cars are equipped with sensors that gather information about their surroundings by sending out pulses of light — as well as radar and an array of cameras — the cars could potentially operate at night as well. But the start-up decided to keep a tight rein on its service before gradually expanding the… Continue reading After Fatal Uber Crash, a Self-Driving Start-Up Moves Forward