South Korea has launched a federal safety probe into Tesla. Braking and steering systems including the Autopilot function are part of South Korea’s investigation into Tesla. Tesla’s beat out Hyundai’s Kona EV in South Korea in June as competition heats up in Hyundai’s home market. Visit Business Insider’s homepage for more stories. South Korea said… Continue reading Tesla faces a South Korean safety investigation into its Autopilot, braking, and steering systems
Author: Business Insider
A YouTuber whose Tesla channel has over 30 million views says 2 key signs show you’re ready to quit your day job and make videos full time
Before you quit your job to make YouTube videos full time, you should string together a few months where you earn enough money doing it to meet your financial needs, Ben Sullins, who runs a YouTube channel about Tesla and electric vehicles, said. And you should be able to hit that goal without having to… Continue reading A YouTuber whose Tesla channel has over 30 million views says 2 key signs show you’re ready to quit your day job and make videos full time
Elon Musk says Tesla doesn’t want to crush rivals, and the company is open to licensing its self-driving software and battery technology (TSLA)
Elon Musk tweeted Tuesday that Tesla would consider licensing its self-driving software and supplying battery technology to other automakers. “We’re just trying to accelerate sustainable energy, not crush competitors!” Musk said. Musk’s comments came in response to a blog post about German automakers looking to close the technological gap between them and Tesla. Visit Business… Continue reading Elon Musk says Tesla doesn’t want to crush rivals, and the company is open to licensing its self-driving software and battery technology (TSLA)
New York must pay Uber and Lyft drivers unemployment benefits after an ‘inexcusable delay,’ a federal judge ruled (UBER, LYFT)
A federal judge in New York ruled Tuesday that the state must quickly pay unemployment benefits to Uber and Lyft drivers, earlier reported by The New York Times. Drivers and an advocacy group sued the state, saying it was taking too long to pay drivers, and Tuesday’s ruling requires the state to clear its backlog… Continue reading New York must pay Uber and Lyft drivers unemployment benefits after an ‘inexcusable delay,’ a federal judge ruled (UBER, LYFT)
Bernstein downgrades Tesla and says the stock will tank 42% from its ‘mind-boggling’ valuation
Reuters Tesla shares are far too expensive to recommend after more than tripling in 2020, the Bernstein analyst Toni Sacconaghi wrote in a note. The firm lowered its Tesla stock rating to “underperform” from “market perform” on Tuesday and maintained a $900 price target, implying that shares will tumble 42% over the next year. Though… Continue reading Bernstein downgrades Tesla and says the stock will tank 42% from its ‘mind-boggling’ valuation
Tesla quietly revealed it got a government coronavirus bailout after Elon Musk opposed another stimulus package (TSLA)
Four days after CEO Elon Musk decried “special interest earmarks” in economic relief packages, Tesla revealed that it also received government aid in response to the coronavirus. “As part of various governmental responses to the pandemic granted to companies globally, we received certain payroll related benefits which helped to reduce the impact of the COVID-19… Continue reading Tesla quietly revealed it got a government coronavirus bailout after Elon Musk opposed another stimulus package (TSLA)
Insiders describe the rise of PR wunderkind Jill Hazelbaker, who helped clean up Uber’s corporate crisis and became one of Silicon Valley’s most powerful execs
Jill Hazelbaker has gone from representing powerful political figures like John McCain and Michael Bloomberg to tech giants Google, Snap, and Uber. Hazelbaker’s path from politics to Silicon Valley is typical in PR, but her rapid rise has impressed the public relations industry. Business Insider spoke to 11 of her current and former colleagues and… Continue reading Insiders describe the rise of PR wunderkind Jill Hazelbaker, who helped clean up Uber’s corporate crisis and became one of Silicon Valley’s most powerful execs
Bill Gates calls Elon Musk’s comments on COVID-19 ‘outrageous’ (TSLA, MSFT)
Bill Gates called Elon Musk’s comments about the coronavirus pandemic “outrageous” when speaking with CNBC. “Elon’s positioning is to maintain a high level of outrageous comments,” the Microsoft cofounder said during the interview. Musk has cast doubt on the severity of the virus on Twitter and has rallied against shelter-in-place orders meant to curb its… Continue reading Bill Gates calls Elon Musk’s comments on COVID-19 ‘outrageous’ (TSLA, MSFT)
Elon Musk thinks he had the coronavirus in January — and now wears a mask when at Tesla’s factory (TSLA)
Elon Musk told The New York Times he thinks he had COVID-19 in January. Because of the possible coronavirus case, the Tesla CEO now wears a mask when at the company’s factory. In the interview, Musk doubled down on false claims implying that young people are not in danger from the virus and ignored rampant… Continue reading Elon Musk thinks he had the coronavirus in January — and now wears a mask when at Tesla’s factory (TSLA)
Elon Musk appeared to imply that Jeff Bezos is too old and Blue Origin is ‘too slow’ to reach the moon
Elon Musk escalated his years-long feud with Jeff Bezos in a new interview with The New York Times. Musk appeared to call Bezos too old and Bezos reusable rocket company, Blue Origin, too slow to ever accomplish its goal of sending people to the moon. Musk and Bezos have been feuding over space travel for… Continue reading Elon Musk appeared to imply that Jeff Bezos is too old and Blue Origin is ‘too slow’ to reach the moon