Porsche is borrowing 400 employees from parent company Audi for at least two years to help meet booming demand for the all-electric Tayca, its Tesla competitor, reported German industry publication Automobilwoche. An Audi spokesperson confirmed the move to Automobilwoche. Soon after Porsche began taking orders for the Taycan, in 2018, stronger than expected demand… Continue reading Porsche is selling so many all-electric Taycans, it’s borrowing hundreds of Audi workers to ramp up production
Author: Business Insider
Chinese Tesla rival Nio wants to lower the price of owning an EV by selling cars and leasing their batteries
On Thursday, Chinese electric vehicle maker Nio announced plans for a “battery as a service” option with its cars. The company will let buyers lease their batteries for about $150 per month, lowering the purchase price of the car. Customers will have access to battery-swap locations and chargers throughout China, Nio said. Visit Business Insider’s… Continue reading Chinese Tesla rival Nio wants to lower the price of owning an EV by selling cars and leasing their batteries
BMW and Daimler’s ride-hailing service Free Now says operations are profitable and it has beaten Uber to a 2-year license in London
Free Now, Uber’s big ride-hailing competitor in Europe, says its overall European operations are profitable in contrast to US rivals. Free Now also won a two-year license to operate in London in August. Uber meanwhile is scrabbling to appeal a 2019 decision to scrap its London license. Free Now is owned by two European car… Continue reading BMW and Daimler’s ride-hailing service Free Now says operations are profitable and it has beaten Uber to a 2-year license in London
German court ruled Tesla’s touchscreen windshield wiper controls are the same as texting while driving (TSLA)
Tesla’s touchscreen windshield wiper controls are the same as using a phone while driving, a German court said in March. The case stems from a 2017 wreck which landed a driver with a fine and license suspension, and regained attention when a local blog published details of the ruling in late July and US media… Continue reading German court ruled Tesla’s touchscreen windshield wiper controls are the same as texting while driving (TSLA)
Uber and Lyft just got hit with another lawsuit in California over claims the companies are skirting the state’s gig worker law (UBER, LYFT)
California’s labor commissioner announced Wednesday that her office is suing Uber and Lyft, claiming the companies are stealing wages from drivers by “willfully misclassifying” them as contractors instead of employees. The suit alleges that Uber and Lyft have failed to pay drivers minimum wage, sick pay, unemployment, and other benefits guaranteed to employees under state law.… Continue reading Uber and Lyft just got hit with another lawsuit in California over claims the companies are skirting the state’s gig worker law (UBER, LYFT)
Elon Musk says it’s ‘highly likely’ Tesla will eventually create a smaller version of the Cybertruck (TSLA)
Tesla CEO Elon Musk said that it’s ‘highly likely’ Tesla will eventually create a smaller version of the Cybertruck. A smaller Cybertruck would likely appeal to the European market because there’s higher demand for smaller vehicles amid regulations around emissions and road width. Tesla is planning to produce the new Cybertruck at Gigafactory Austin by… Continue reading Elon Musk says it’s ‘highly likely’ Tesla will eventually create a smaller version of the Cybertruck (TSLA)
Tesla competitor Nikola has surged as much as 33% in 2 days ahead of its quarterly earnings release (NKLA)
Nikola, an electric-vehicle and battery maker that competes with Tesla, is schedule to report quarterly earnings after market close on Tuesday. Shares of the company have surged 33% in the last two days through Tuesday’s high. “Nikola’s first report as a public company will likely be heavily scrutinized, but financial information will be sparse at… Continue reading Tesla competitor Nikola has surged as much as 33% in 2 days ahead of its quarterly earnings release (NKLA)
Elon Musk says a third Tesla car factory in the US is ‘likely’ after it finishes Austin and Berlin construction (TSLA)
A third Tesla car factory in the US is likely, Elon Musk said on a podcast released Monday. Tesla announced in July that its second US car factory would be in Austin, Texas. It’s also building a Gigafactory in Europe, near Berlin, Germany, and operates one in Shanghai, China. Visit Business Insider’s homepage for more… Continue reading Elon Musk says a third Tesla car factory in the US is ‘likely’ after it finishes Austin and Berlin construction (TSLA)
Elon Musk says Tesla will create a normal pickup truck if the Cybertruck doesn’t sell, as a ‘fallback strategy’ (TSLA)
Despite hundreds of thousands of Cybertruck pre-orders, Elon Musk told Automotive News that Tesla will build a “normal truck, no problem” if people don’t buy the unique design. An exact number or pre-orders isn’t known. Musk has previously said Tesla had crossed 200,000 pre-orders since the Cybertruck was revealed in November, but a Wedbush analyst… Continue reading Elon Musk says Tesla will create a normal pickup truck if the Cybertruck doesn’t sell, as a ‘fallback strategy’ (TSLA)
Tesla competitor Nio surges 13% after reporting July deliveries skyrocketed (NIO)
Ng Han Guan/Associated Press Shares of Nio, a Chinese competitor to Tesla, surged as much as 13% Monday after the company reported an uptick in July deliveries. The company announced Monday that it delivered 3,533 vehicles in July, a more than 322% increase from the same month a year ago. So far in 2020, Nio… Continue reading Tesla competitor Nio surges 13% after reporting July deliveries skyrocketed (NIO)