A new electric car could eventually cost as little as $3,000, Morgan Stanley analysts said. The bank expects electric-vehicle prices to continue to drop for the next decade at least. Plummeting EV prices could render gas-powered cars completely obsolete, they said. See more stories on Insider’s business page. The cheapest electric car for sale in… Continue reading Electric vehicles could cost less than $5,000 some day, Morgan Stanley analysts predict (GM, TSLA)
Author: Business Insider
Elon Musk says some Tesla drivers were removed from beta tests for its Full Self-Driving software for not paying attention to the road
Tesla CEO Elon Musk said his company pulled access for some Full Self-Driving software testers. Tesla “revoked beta where drivers did not pay sufficient attention to the road,” Musk said. On Friday, CNBC reported NTSB chair Robert Sumwalt sought new requirements for public testing. See more stories on Insider’s business page. Tesla CEO Elon Musk… Continue reading Elon Musk says some Tesla drivers were removed from beta tests for its Full Self-Driving software for not paying attention to the road
A fire broke out at Tesla’s Fremont factory, caused by molten aluminum and hydraulic fluid
A fire broke out at Tesla’s Fremont, California factory on Thursday. Fremont firefighters brought it under control with the help of Tesla’s fire response team. The fire was caused by “molten aluminum and hydraulic fluid.” See more stories on Insider’s business page. A fire broke out at Tesla’s Fremont factory in California on Thursday afternoon.… Continue reading A fire broke out at Tesla’s Fremont factory, caused by molten aluminum and hydraulic fluid
Altimeter SPACs surge on reported $40 billion deal for Singapore ride-hailing company Grab
Tan Hooi Ling is a co-founder of Grab and the current COO. S3studio/Getty Images Altimeter Capital is in talks with ride-hailing company Grab to bring the company public in a $40 billion deal, according to a report from The Wall Street Journal. If the deal goes through, it would mark the biggest SPAC deal on… Continue reading Altimeter SPACs surge on reported $40 billion deal for Singapore ride-hailing company Grab
Tesla says ‘full self-driving’ beta software will never be fully autonomous, emails to regulators show (TSLA)
Tesla told regulators its “full self-driving” beta won’t be fully autonomous when it’s released. Emails between Tesla and California’s DMV about the software were made public on Friday. The emails appear to contradict some of what CEO Elon Musk has said about the tech. Visit the Business section of Insider for more stories. From launching… Continue reading Tesla says ‘full self-driving’ beta software will never be fully autonomous, emails to regulators show (TSLA)
‘Big Short’ investor Michael Burry has warned of a stock-market bubble and slammed Tesla, Robinhood, bitcoin, and the GameStop frenzy in recent weeks. Here are his 17 best tweets.
Christian Bale as Michael Burry in “The Big Short.” The Big Short/Netflix Michael Burry has been sounding the alarm on hype and speculation in markets for months, warning that the reckless promoting and buying will result in a devastating crash. The investor has taken aim at Tesla – which he’s short – as well as… Continue reading ‘Big Short’ investor Michael Burry has warned of a stock-market bubble and slammed Tesla, Robinhood, bitcoin, and the GameStop frenzy in recent weeks. Here are his 17 best tweets.
Take a look at Elon Musk’s weird and whacky merchandise, from red satin Tesla shorts to tequila and flamethrowers
Elon Musk has built a host of products other than cars, rockets and holes underground. Just last year, the billionaire released Tesla Tequila and red satin short shorts. The Boring Company’s flamethrower, from 2018, is still showing up at police hauls. Visit the Business section of Insider for more stories. Elon Musk is known for… Continue reading Take a look at Elon Musk’s weird and whacky merchandise, from red satin Tesla shorts to tequila and flamethrowers
The true disrupter in the auto industry isn’t Tesla — it’s Fisker (TSLA, FSR)
Nobody really saw this one coming. A year ago, Henrik Fisker was an admired auto-industry veteran, but with a failed startup behind him. Fisker Automotive’s 2013 bankruptcy sent Fisker back to his roots in design for a spell, but it didn’t discourage him from taking another crack at building a car company. Fisker Inc., however,… Continue reading The true disrupter in the auto industry isn’t Tesla — it’s Fisker (TSLA, FSR)
Elon Musk says Tesla will double its Full Self-Driving software’s beta program. It comes amid news that Ford’s Mustang Mach-E is eating into Tesla’s US sales.
Tesla CEO Elon Musk on Friday said the carmaker would double a beta testing program for its self-driving software. The news comes amid reports that Ford’s electric Mustang Mach-E seems to be eating into Tesla’s lead in the electric vehicle market. On Twitter, Musk said:“If you want the Tesla Full Self-Driving Beta downloaded to your… Continue reading Elon Musk says Tesla will double its Full Self-Driving software’s beta program. It comes amid news that Ford’s Mustang Mach-E is eating into Tesla’s US sales.
Uber is in its strongest position in years
Uber has made many changes over the years, and the pandemic has forced a reckoning in its business. It has offloaded expensive distractions and put its focus back on ride-hailing and food delivery. CEO Dara Khosrowshahi is nearing a $100 million payday as Wall Street embraces Uber’s turnaround. Visit the Business section of Insider for… Continue reading Uber is in its strongest position in years