After days of going back and forth with authorities, Tesla will shut down its Buffalo and Fremont plants — both of which are in states hard hit by the coronavirus. Operations will cease at the end of the day on Monday, March 23rd. “You should continue to report to your current location til the end… Continue reading Tesla will suspend production at its Fremont factory starting end of day March 23 in response to coronavirus (TSLA)
Author: Business Insider
Elon Musk keeps downplaying the severity of coronavirus, and hedged his promise to produce ventilators for hospitals mere minutes after making it (TSLA)
Elon Musk said he still believes panic over coronavirus is overblown in a series of tweets Wednesday night, repeatedly questioning or contradicting the predictions of experts. Musk speculated that “panic will cause more harm than the virus,” which has sickened more than 220,000 people and killed over 9,000 people worldwide, with cases in the US… Continue reading Elon Musk keeps downplaying the severity of coronavirus, and hedged his promise to produce ventilators for hospitals mere minutes after making it (TSLA)
Uber says a coronavirus worst-case scenario could cost it $7 billion and rides could slump as much as 80% (UBER)
Uber has seen its rides business shrink up to 80% as the spreading coronavirus forces people to stay home. The company is modeling up to an $7 billion hit in its worst-case scenario model, it said Thursday. Executives said on a conference call that Uber Eats could help ease some of the pain as people… Continue reading Uber says a coronavirus worst-case scenario could cost it $7 billion and rides could slump as much as 80% (UBER)
Leaked email reveals Tesla employees have to use PTO to get paid if they’re staying home because they’re sick, scared of the coronavirus, or unable to work (TSLA)
Tesla is continuing production at its California car factory, Valerie Workman, the company’s head of HR for North America, said in an internal email on Wednesday. Alameda County had suggested on Tuesday that Tesla might have to stop production at the facility as part of an order that nonessential businesses cease most activity. Workers who… Continue reading Leaked email reveals Tesla employees have to use PTO to get paid if they’re staying home because they’re sick, scared of the coronavirus, or unable to work (TSLA)
Uber’s CFO says its ridership has tanked by as much as 50% in cities hit hard by the coronavirus. New data shows that Lyft is suffering, too.
People who drive for Uber or Lyft for a living are seeing demand for their services fall off a cliff in many major urban areas due to restrictions in place to prevent the spread of the coronavirus. Uber’s CFO says that in some areas, like Seattle, rides have tanked by about half. He’s confident that… Continue reading Uber’s CFO says its ridership has tanked by as much as 50% in cities hit hard by the coronavirus. New data shows that Lyft is suffering, too.
Leaked Tesla memo reveals what the company is doing about worker safety as coronavirus spreads
In an internal Tesla memo, the company outlined the safety measures it is taking to address coronavirus. These include travel restrictions and extra cleaning practices at its facilities. The memo, which was viewed by Business Insider, also states that hourly employees who quarantine will be paid for 12 hours of regularly scheduled work per day… Continue reading Leaked Tesla memo reveals what the company is doing about worker safety as coronavirus spreads
Tesla got hauled in by Chinese government after it quietly downgraded the chips in some of its Model 3 cars
Tesla Model 3 owners discovered last week the company had quietly downgraded the computer chip inside their vehicles to an older generation. The discovery sparked outcry and Tesla apologised, saying the outbreak of the coronavirus had slowed its production rate and forced it to ship with the old chip. This week Tesla executives were hauled… Continue reading Tesla got hauled in by Chinese government after it quietly downgraded the chips in some of its Model 3 cars
Bikes and scooters expanded dramatically in the past decade. The president of Ford’s scooter company reveals what’s next for the micromobility industry.
Shared bicycles and electric scooters have risen in popularity in the last few years. Now some of the companies that provide them are the topic of Fortune 500 acquisitions, a major focus of high-profile IPOs. The vehicles themselves have become ingrained into the fabric of cities big and small. There’s a long way to go… Continue reading Bikes and scooters expanded dramatically in the past decade. The president of Ford’s scooter company reveals what’s next for the micromobility industry.
Lyft posted record sales last week, and coronavirus might be the key driver
REUTERS/Mike Blake Lyft racked up record sales and customer journeys in the same week that coronavirus fears sparked a massive stock-market selloff. “Last week was our single biggest week in our history in terms of both revenue and rides,” Lyft finance chief Brian Roberts said. Commuters, shoppers, and others may be springing for Lyft rides… Continue reading Lyft posted record sales last week, and coronavirus might be the key driver
The CEO of the EV charging company ChargePoint explains why he ordered a Tesla Model Y instead of a Ford Mustang Mach-E (TSLA, F)
Pasquale Romano, the CEO of the electric-vehicle charging company ChargePoint, chose to buy Tesla’s Model Y as his next vehicle over the Ford Mustang Mach-E. Romano said it was a close call, but the Model Y’s earlier release date and Romano’s familiarity with the Tesla user experience pushed the Model Y over the edge. The… Continue reading The CEO of the EV charging company ChargePoint explains why he ordered a Tesla Model Y instead of a Ford Mustang Mach-E (TSLA, F)