A Rhode Island judge sided with a Tesla owner and the ACLU in a spat over a vanity licence plate. Sean Carroll said he got the ‘FKGAS’ tags after his daughter said charging the car at home was like fake gas. He’s not opposed to other, more profane, interpretations of the plate either. His attorneys… Continue reading Judge rules Tesla owner can keep ‘FKGAS’ license plate after state DMV threatened to revoke it (TSLA)
Author: Business Insider
Billionaire Chamath Palihapitiya says Tesla is still undervalued as people continue to misunderstand its ‘fundamentally disruptive’ technology
FILE PHOTO: Chamath Palihapitiya, Founder and CEO of Social Capital, presents during the 2018 Sohn Investment Conference in New York Brendan McDermid/Reuters Billionaire investor Chamath Palihapitiya said Tesla is “generally misvalued” as people misunderstand its business model and “fundamentally disruptive” technology. The Social Capital CEO said Tesla is “no longer about the car business” but… Continue reading Billionaire Chamath Palihapitiya says Tesla is still undervalued as people continue to misunderstand its ‘fundamentally disruptive’ technology
Uber secured its London future in a landmark court case — but the mayor warned he would scrutinize the taxi service and take ‘swift action’ if needed
Mayor Sadiq Khan of London on Monday responded to a court victory by Uber by saying he would keep a close eye on the company to ensure it’s meeting safety requirements. Uber won an appeal against the regulator Transport for London in court Monday and will now be issued a new operating license. Transport for… Continue reading Uber secured its London future in a landmark court case — but the mayor warned he would scrutinize the taxi service and take ‘swift action’ if needed
2,200 Polestar 2 EVs just got recalled over a software defect that can cause them to shut off randomly
Geely, the parent company behind Polestar and Volvo, recalled about 2,200 Polestar 2s over a software defect, Reuters reported via Swedish financial paper Dagens Industri. The defect can cause the cars to lose power and stop running, even while they are driving. The recall only affects Polestar 2s in China and certain parts of Europe.… Continue reading 2,200 Polestar 2 EVs just got recalled over a software defect that can cause them to shut off randomly
Uber Freight raises $500 million from New York-based private equity firm at a $3.3 billion post-money valuation
Uber has announced it has sold a $500 million stake in its Uber Freight logistics business to New York-based private equity firm Greenbriar Equity Group. Uber will retain majority ownership of Uber Freight. The investment values the logistics arm of the company at $3.3 billion on a post-money basis. Visit Business Insider’s homepage for more… Continue reading Uber Freight raises $500 million from New York-based private equity firm at a $3.3 billion post-money valuation
Tesla will sell its electric cars in India in 2021 ‘for sure,’ Elon Musk said
Tesla will enter the Indian market in 2021, CEO Elon Musk tweeted on Friday. The Indian government is pushing for a boost in electric vehicle sales as it increasingly focuses on cutting emissions, and said that 30% of the country’s vehicles on the road must be electric by 2030. India has the world’s fifth biggest… Continue reading Tesla will sell its electric cars in India in 2021 ‘for sure,’ Elon Musk said
Tesla drops China-made Model 3 price by up to 10% as it introduces cheaper batteries
Tesla cut prices for its Chinese-market Model 3 sedans by up to 10%, as reported by Reuters. The company will outfit future standard-range Chinese-made Model 3s with cheaper, cobalt-free battery packs, anonymous sources told Reuters recently. Tesla did not confirm which batteries the standard-range car with the updated price currently uses. The basic Model 3… Continue reading Tesla drops China-made Model 3 price by up to 10% as it introduces cheaper batteries
Elon Musk hints that Tesla’s factories in Berlin and Shanghai will each design and build ‘original cars’
Elon Musk appeared to confirm on Monday that the US-based electric-vehicle company is planning to eventually design and manufacture new and differing car models at Gigafactory Shanghai and Berlin. This comes as Musk recently presented at Tesla’s “Battery Day” on September 22 that he expects a $25,000 “fully autonomous electric vehicle” to hit the automobile… Continue reading Elon Musk hints that Tesla’s factories in Berlin and Shanghai will each design and build ‘original cars’
Elon Musk says Tesla will ‘probably’ make 20 million electric vehicles a year by 2030 — more than 50 times what it produced last year
CEO Elon Musk said Tesla expected to produce 20 million electric vehicles per year before 2030. This is more than 50 times what Tesla produced in 2019. Musk also said he expected the electric vehicle market to produce more than 30 million vehicles annually by 2027. Visit Business Insider’s homepage for more stories. Tesla will… Continue reading Elon Musk says Tesla will ‘probably’ make 20 million electric vehicles a year by 2030 — more than 50 times what it produced last year
California’s ban of gas-powered cars by 2035 looks great for Tesla, but could distract the young automaker from its best chance to grow (TSLA)
When California Gov. Gavin Newsom announced last week that the state would ban new sales of internal-combustion engines after 2035, the obvious and immediate reaction was, “This has to be great news for Tesla!” And it is great news for America’s dominant electric-vehicle manufacturer, which currently makes almost all its cars in the Golden State.… Continue reading California’s ban of gas-powered cars by 2035 looks great for Tesla, but could distract the young automaker from its best chance to grow (TSLA)