The US highway safety administration is investigating some Tesla Model S vehicles that could have faulty memory chips. When the components wear out, the main media control center for the car can fail, NHTSA said. Tesla did not respond to a request for comment about the new investigation. There have been no accidents due to… Continue reading The US government is investigating 63,000 Tesla Model S vehicles over possible touchscreen failures (TSLA)
Author: Business Insider
Ford’s all-electric Mustang Mach-E will have a hands-free driving mode option to compete with Tesla’s Autopilot
Ford will offer Active Drive Assist, which is a hands-free driving system. The system uses an infrared camera to track the driver’s eye gaze and head position to make sure they are watching the road. The feature will first appear as an option for the all-electric Mustang Mach-E. Visit Business Insider’s homepage for more stories.… Continue reading Ford’s all-electric Mustang Mach-E will have a hands-free driving mode option to compete with Tesla’s Autopilot
Nikola Motors, a Tesla competitor with zero revenue, is worth $23 billion. That doesn’t faze its founder. (NKLA)
Nikola Motors is worth $23 billion despite zero sales or revenue. Founder and chairman Trevor Milton told CNBC that’s because investors “don’t care.” Instead, they care about reducing emissions and the promise of Nikola’s technology. While Tesla has its eyes on a battery powered semi-truck, Nikola is eyeing hydrogen fuel cells. Visit Business Insider’s homepage… Continue reading Nikola Motors, a Tesla competitor with zero revenue, is worth $23 billion. That doesn’t faze its founder. (NKLA)
Leaked email from Elon Musk reveals the Model Y is experiencing production ‘challenges’ while passing the Model 3 as the top priority at Tesla’s US car factory (TSLA)
Tesla’s Model Y SUV is the No. 1 priority at the electric-car maker’s Fremont, California, factory, CEO Elon Musk said in an email to employees on June 6. Tesla is dealing with manufacturing and supply-chain “challenges” related to the Model Y, Musk said. Musk also referenced “tough conditions” on one assembly line and said they… Continue reading Leaked email from Elon Musk reveals the Model Y is experiencing production ‘challenges’ while passing the Model 3 as the top priority at Tesla’s US car factory (TSLA)
Days after layoffs, an Uber exec sold over half her Uber stock for $8.6 million, while cofounder Garrett Camp has sold $69.6 million in stock since March 12 (UBER)
Days after Uber laid off about a quarter of its workforce, one of its senior executives — marketing leader Jill Hazelbaker — sold more than half of her stake of Uber shares for $8.6 million. Employees have been chattering about the sale internally, not only because of its timing but because of its size, with… Continue reading Days after layoffs, an Uber exec sold over half her Uber stock for $8.6 million, while cofounder Garrett Camp has sold $69.6 million in stock since March 12 (UBER)
Elon Musk has officially hit the first milestone of his $55 billion compensation package (TSLA)
Elon Musk unlocks first part of $55 billion compensation package – Business Insider World globe An icon of the world globe, indicating different international options.” US Edition Facebook Icon The letter F. Twitter icon A stylized bird with an open mouth, tweeting. LinkedIn icon The word “in”. YouTube icon A play button in the shape… Continue reading Elon Musk has officially hit the first milestone of his $55 billion compensation package (TSLA)
Elon Musk says he wants to make a new Tesla truck smaller than the forthcoming Cybertruck
The Tesla Cybertruck’s size will no longer be reduced by 3%, CEO Elon Musk said in a recent tweet. Instead, it will keep its original size. Musk says Tesla will likely create a smaller truck than the Cybertruck “at some point.” Visit Business Insider’s homepage for more stories. Despite previous reports of Elon Musk considering… Continue reading Elon Musk says he wants to make a new Tesla truck smaller than the forthcoming Cybertruck
Volkswagen will sell its new European EVs in a similar way to Tesla — here’s how it works
Volkswagen will sell its all-electric ID family of cars through a hybrid dealer and direct sales model. The new model is effective in Europe only at this point. Volkswagen will announce how it will sell its electric cars in the US at a later date. Visit Business Insider’s homepage for more stories. Tesla famously uses… Continue reading Volkswagen will sell its new European EVs in a similar way to Tesla — here’s how it works
‘Nobody’s making money in this business’: Uber’s CEO defends a possible GrubHub merger amid criticism of the reported merger talks (UBER, GRUB)
Cries that a combined Uber and GrubHub could control up to 90% of the food-delivery market are overblown, according to chief executive Dara Khosrowshahi. As everyone from grocery stores to independent restaurants and chains make the switch to delivery amid the coronavirus pandemic, the market is growing too rapidly for any one business to grab… Continue reading ‘Nobody’s making money in this business’: Uber’s CEO defends a possible GrubHub merger amid criticism of the reported merger talks (UBER, GRUB)
Car dealerships are taking Tesla’s lead by embracing online sales in the wake of COVID-19. Now industry insiders say salespeople will have less power over customers because of it. (CVNA, KMX)
Online car sales and home deliveries have become more popular in the wake of the novel coronavirus. That trend will continue well into the future, auto industry executives told Business Insider. “Customers will welcome the power shifting back in their direction, and they deserve that,” said Laura Schwab, president of Aston Martin in the Americas.… Continue reading Car dealerships are taking Tesla’s lead by embracing online sales in the wake of COVID-19. Now industry insiders say salespeople will have less power over customers because of it. (CVNA, KMX)