Tesla will build its newest factory in Austin, Texas, the company said Wednesday. Tulsa, Austin, and other cities had fiercely competed in recent months to win the $1 billion investment. Eventually, the plant will make Tesla’s Cybertruck and hire up to 5,000 workers, the company said. Visit Business Insider’s homepage for more stories. It’s official… Continue reading It’s official — Tesla picks Austin, Texas as the location for its new $1 billion Cybertruck factory (TSLA)
Author: Business Insider
Tesla has chosen the site of its next US factory (TSLA)
Tesla has selected the site for its next US factory. At first, the electric-car maker did not disclose the site’s location. But after this story was published, Tesla said the factory will be built in Austin, Texas. Are you a current or former Tesla employee? Do you have an opinion about what it’s like to… Continue reading Tesla has chosen the site of its next US factory (TSLA)
Uber is sharing user data on drivers or riders who may have come into contact with coronavirus-infected individuals to aid contact tracing efforts
This story was delivered to Insider Intelligence Digital Health Briefing subscribers earlier this morning. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Digital Health industry with the Digital Health Briefing. You can learn more about subscribing here. The ride-hailing giant unveiled an initiative to share user data on drivers or riders who may… Continue reading Uber is sharing user data on drivers or riders who may have come into contact with coronavirus-infected individuals to aid contact tracing efforts
Nikola plummets 21% after company files to sell 24 million shares (NKLA)
Nikola fell as much as 21% on Monday after the company filed a prospectus outlining its intent to sell up to 23.9 million shares. Additionally, existing shareholders are looking to sell up to 53.4 million shares, according to the prospectus. Nikola said the proceeds from the sale would be used for general corporate purposes. Visit… Continue reading Nikola plummets 21% after company files to sell 24 million shares (NKLA)
The Tesla of China plummets 18% after Goldman downgrades to sell and expects 46% downside on high valuation (NIO)
Nio Inc. plunged as much as 18% on Friday after Goldman Sachs downgraded the Chinese electric vehicle maker to “sell” due to its high valuation. Shares of Nio have surged 221% year-to-date as of Thursday’s close as investors’ euphoria around electric vehicle companies soars, in part driven by Tesla’s meteoric rise. In a note published… Continue reading The Tesla of China plummets 18% after Goldman downgrades to sell and expects 46% downside on high valuation (NIO)
New Tesla registrations in California nearly halved in the second quarter, data shows (TSLA)
Tesla’s vehicle registrations nearly halved in the U.S. state of California during the second quarter, according to data from Cross-Sell, a marketing research firm that collates title and registration data. Most parts of the United States were under government-imposed stay-at-home orders between April and June to combat the spread of the coronavirus outbreak, which impacted… Continue reading New Tesla registrations in California nearly halved in the second quarter, data shows (TSLA)
Local Texas officials approved nearly $65 million in tax subsidies for Tesla to build its Cybertruck factory near Austin — but there’s still no word on Elon Musk’s decision (TSLA)
Officials in Travis County, Texas — which includes Austin — approved $14.7 million worth of tax rebates for a potential Tesla factory on Tuesday. The county deal would be on top of $50 million from a local school district, totalling nearly $65 million. There’s no word yet on which city Tesla may choose, and Tulsa,… Continue reading Local Texas officials approved nearly $65 million in tax subsidies for Tesla to build its Cybertruck factory near Austin — but there’s still no word on Elon Musk’s decision (TSLA)
The CEO of Lucid Motors reveals the most important lesson he learned from Elon Musk when he worked for him at Tesla
Lucid Motors CEO Peter Rawlinson worked for Tesla CEO Elon Musk from 2009 to 2012. Rawlinson said the biggest lesson he learned from Musk is the importance of relentless optimism. “Sometimes you have to put all your chips in,” Rawlinson said. Are you a current or former Lucid employee? Do you have an opinion about… Continue reading The CEO of Lucid Motors reveals the most important lesson he learned from Elon Musk when he worked for him at Tesla
This VC just raised $150 million to invest in ground transportation startups. He says there are better opportunities than trying to find the next Tesla. (AAPL, LYFT, TSLA)
Quin Garcia’s venture firm, Autotech Ventures, is on the lookout for new deals. Autotech focuses on startups that are involved in ground transportation in some way, but instead of looking for the next Tesla, it invests in those making software or services or that are developing marketplaces. It’s already had some notable successes — it… Continue reading This VC just raised $150 million to invest in ground transportation startups. He says there are better opportunities than trying to find the next Tesla. (AAPL, LYFT, TSLA)
Uber CEO Dara Khosrowshahi says ride-hailing will make up only 50% of the company’s business moving forward as food delivery growth surges (UBER)
Uber’s efforts to diversify outside of ride-hailing will continue for the foreseeable future, CEO Dara Khosrowshahi told NDTV in an interview Thursday evening. “I think it’s going to be 50-50,” Khosrowshahi said, in response to a question about how he expects Uber’s business will be split moving forward between ride-hailing and other divisions like food… Continue reading Uber CEO Dara Khosrowshahi says ride-hailing will make up only 50% of the company’s business moving forward as food delivery growth surges (UBER)