Signs of turmoil at Tesla multiplied on Monday after the electric car company told employees it would lay off more than 10 percent of the work force to cut costs and two senior executives resigned. The job cuts, amounting to about 14,000 people, come as the company faces increasing competition and declining sales. The management… Continue reading Tesla Will Lay Off More Than 10% of Global Workforce
Author: New York Times Online News
Most N.Y.C. Drivers Who Honk Are Breaking the Law. Can They Be Stopped?
Hardly a second had passed since the light turned green, but there was already a symphony of honks and beeps and toots urging traffic forward on Columbus Avenue. About a minute later, a deep, foghorn-like honk rumbled from a dump truck as it turned onto 89th Street. It was a typical weekday morning on the… Continue reading Most N.Y.C. Drivers Who Honk Are Breaking the Law. Can They Be Stopped?
What Happened When a German Car Factory Went All Electric
Zwickau, a city in Germany’s east, may not be as famous as Detroit, but its economy has revolved around internal combustion engines since August Horch established Audi here at the beginning of the 20th century. So when Volkswagen announced in 2018 that it would convert its Zwickau factory, the largest private employer in the area,… Continue reading What Happened When a German Car Factory Went All Electric
Tesla Settles Lawsuit Over a Fatal Crash Involving Autopilot
Tesla on Monday settled a lawsuit that blamed the automaker’s driver-assistance software for the death of a California man in 2018, averting a trial that would have focused attention on the company’s technology several months before it plans to unveil a self-driving taxi. The trial stemming from the death of Wei Lun Huang, an Apple… Continue reading Tesla Settles Lawsuit Over a Fatal Crash Involving Autopilot
NASA Picks 3 Companies to Help Astronauts Drive Around the Moon
NASA will be renting some cool wheels to drive around the moon. Space agency officials announced on Wednesday that they have hired three companies to come up with preliminary designs for vehicles to take NASA astronauts around the lunar south polar region in the coming years. After the astronauts return to Earth, these vehicles would… Continue reading NASA Picks 3 Companies to Help Astronauts Drive Around the Moon
Ford Slows Its Push Into Electric Vehicles
Ford Motor on Thursday delayed the production of at least two new electric cars and said it would pivot to making more hybrids. Its decision was the latest sign that large automakers have been forced to rethink their strategy for electric vehicles because sales for those models are slowing. The shift by Ford and automakers… Continue reading Ford Slows Its Push Into Electric Vehicles
Tesla’s Sales Drop, a Sign That Its Grip on the E.V. Market Is Slipping
Tesla appeared to be losing command of the market it effectively created after it reported a stunning drop in quarterly sales on Tuesday, raising fresh questions about Elon Musk’s leadership of the company. The sales decline caught investors off guard as rivals like BYD of China and Kia and Hyundai of South Korea reported increases… Continue reading Tesla’s Sales Drop, a Sign That Its Grip on the E.V. Market Is Slipping
Auto Industry Expects Minimal Disruption From Port Shutdown
Concerns about the impact of the Baltimore bridge collapse on auto imports and exports are beginning to ease as car companies turn to other ports along the East Coast. On Thursday, Cox Automotive, a market researcher, said it expected the situation in Baltimore to have no material effect on vehicle sales in the United States.… Continue reading Auto Industry Expects Minimal Disruption From Port Shutdown
Tesla’s Pivot to China Saved Musk. It Also Binds Him to Beijing.
When Elon Musk unveiled the first Chinese-made Teslas in Shanghai in 2020, he went off script and started dancing. Peeling off his jacket, he flung it across the stage in a partial striptease. Mr. Musk had reason to celebrate. A few years earlier, with Tesla on the brink of failure, he had bet on China,… Continue reading Tesla’s Pivot to China Saved Musk. It Also Binds Him to Beijing.
How Elon Musk Became ‘Kind of Pro-China’
When Elon Musk first set up Tesla’s factory in China, he appeared to have the upper hand. He gained access to top leaders and secured policy changes that benefited Tesla. He also got workers accustomed to long hours and fewer protections, after clashing with U.S. regulators over labor conditions at his California plant. The Shanghai… Continue reading How Elon Musk Became ‘Kind of Pro-China’