A Beijing court ordered Tesla to pay $175,000 to a secondhand Model S buyer for concealing crash damage, Chinese outlet Caixin reported. The buyer discovered that parts of the car were welded together after it broke down multiple times, Caixin said. The used cars Tesla sells are supposed to exhibit “no evidence of structural repairs,”… Continue reading Tesla was ordered to pay a Model S buyer $175,000 for hiding structural damage on a pre-owned car (TSLA)
Author: Business Insider
Chinese Uber competitor DiDi unveiled a futuristic EV made specifically for ride-sharing — see the D1
DiDi Chuxing has unveiled a custom electric sedan built specifically for ride-shares: the D1. The D1 was built in partnership with electric vehicle maker BYD. The electric vehicle has features like a smart steering wheel, several touchscreens, and artificial intelligence systems. The D1s will be used by drivers across cities in China over the next several… Continue reading Chinese Uber competitor DiDi unveiled a futuristic EV made specifically for ride-sharing — see the D1
Elon Musk is reportedly planning a move to Texas after his tirade about California’s coronavirus response (TSLA)
Elon Musk has informed friends that he plans to move to Texas, CNBC reports. The news comes after Musk threatened in May to move Tesla out of California because of its response to the coronavirus. Texas famously has no state income tax, which could save Musk a lot of money on his massive pay package. … Continue reading Elon Musk is reportedly planning a move to Texas after his tirade about California’s coronavirus response (TSLA)
Elon Musk is open to talking about merging Tesla with another car company. These are the 4 most likely candidates. (TSLA)
Tesla CEO Elon Musk said on Tuesday that he would be open to discussing a merger with a rival automaker. Experts told Business Insider that Ford, General Motors, Nio, and the Renault-Nissan-Mitsubishi alliance would be Tesla’s most likely merger candidates. They could offer Tesla manufacturing expertise, a larger global footprint, and a stronger position in… Continue reading Elon Musk is open to talking about merging Tesla with another car company. These are the 4 most likely candidates. (TSLA)
How the designer of Lucid Motors’ $80,000 Tesla rival transformed a 2015 sketch into the EV of the future
Business Insider spoke with Derek Jenkins, the VP of design at Lucid Motors, about designing the company’s upcoming Air EV. The Air debuted in September. The Air was first sketched out in 2015 and the design team had to figure out what would still look futuristic by the time the car debuted in 2020. Because… Continue reading How the designer of Lucid Motors’ $80,000 Tesla rival transformed a 2015 sketch into the EV of the future
Goldman Sachs says Tesla will sell 15 million cars per year by 2040 — nearly double General Motors (TSLA, GS)
Tesla’s already worth more than any other American automaker, and Goldman Sachs expects it to soon overtake their sales numbers too. The bank on Wednesday upped its financial estimates and price target for the automaker’s high-flying stock to $780, the highest on Wall Street, citing continued market share gains. “If Tesla sustains its mid to… Continue reading Goldman Sachs says Tesla will sell 15 million cars per year by 2040 — nearly double General Motors (TSLA, GS)
Tesla CEO Elon Musk says he’d be open to merger talks with a rival. ‘We’d certainly have that conversation.’
Tesla CEO Elon Musk said Tuesday that he would be open to discussing a merger with a rival automaker. “We’d certainly have that conversation,” he told Mathias Döpfner, CEO of Business Insider parent company Axel Springer. But Tesla wouldn’t launch a “hostile takeover,” he said. Tesla faced hostility from its rivals when he started out,… Continue reading Tesla CEO Elon Musk says he’d be open to merger talks with a rival. ‘We’d certainly have that conversation.’
Elon Musk warns Tesla staff that its stock could ‘get crushed like a soufflé under a sledgehammer’ if the company isn’t careful about spending (TSLA)
Elon Musk warned Tesla staff Tuesday that the company’s high-flying could crash if profits don’t continue to grow. He said shares could fall like a soufflé under a sledgehammer. Tesla reported its fourth consecutive quarterly profit in October, and is expected to report its first annual profit this year. Shares of Tesla have risen more… Continue reading Elon Musk warns Tesla staff that its stock could ‘get crushed like a soufflé under a sledgehammer’ if the company isn’t careful about spending (TSLA)
Volkswagen unveils ‘Mission T’ to catch up to Tesla — and has tapped a Porsche race-car engineer to help make it happen (TSLA, VW)
Volkswagen’s CEO is facing a vote of confidence from the automaker’s board this week. Herbert Diess has reportedly ruffled feathers internally as he pushed for corporate change and more investment in electric vehicles. In a new blog post, he outlined how Volkswagen formed ‘Mission T’ to take on Tesla and electrify all its brands. Visit… Continue reading Volkswagen unveils ‘Mission T’ to catch up to Tesla — and has tapped a Porsche race-car engineer to help make it happen (TSLA, VW)
The rise and fall of the Nikola Badger, the all-electric Cybertruck rival that never was
Nikola Motor Company’s Badger all-electric pickup truck was one of the most highly anticipated products from the startup, and on the EV market as a whole. The company also got the attention of General Motors, which partnered with it in a $2 billion deal to build the Badger. But 2020 saw fraud allegations and a… Continue reading The rise and fall of the Nikola Badger, the all-electric Cybertruck rival that never was