Nextmove, a German car-rental company, planned to buy 100 Tesla Model 3s this year, which would have made it the largest customer of Elon Musk’s electric-car maker in Europe. That all changed after the first 15 deliveries, according to a report in Bloomberg News on Friday, when Nextmove CEO Stefan Moeller opted to cancel the… Continue reading A German rental-car company said it canceled plans to buy 100 Tesla Model 3s because of quality issues (TSLA)
Author: Business Insider
Uber’s CEO says it considered buying Caviar before DoorDash snapped up the competitor for $410 million (UBER)
There’s a frenzy of acquisitions happening in the red-hot food delivery space, but Uber doesn’t appear interested in making a play. Uber looked at a potential buyout of couriering competitor Caviar this summer, but ultimately passed on the deal, CEO Dara Khosrowshahi told CNBC Friday morning. Caviar was eventually sold by its owner, Square, to… Continue reading Uber’s CEO says it considered buying Caviar before DoorDash snapped up the competitor for $410 million (UBER)
Lyft’s second quarter was way better than Wall Street expected (LYFT)
Lyft on Wednesday reported second-quarter earnings that topped Wall Street’s expectations, while boosting its guidance for the full year. Here are the important numbers: Revenue: $867 million ($809 million expected) Losses per share: $0.68 (adjusted) vs. $1.74 expected Active riders: 21.8 million Markets Insider Shares of Lyft, which went public in March, rose as much… Continue reading Lyft’s second quarter was way better than Wall Street expected (LYFT)
Porsche has 30,000 reservations for the Taycan, its sleek-looking Tesla rival. Here’s what we know about the car.
Porsche has received 30,000 reservations for the electric Taycan sports car, Porsche human-resources manager Andreas Haffner recently told the German publication Handelsblatt. “There are 30,000 orders for the Taycan,” she said. Read more: Tesla needs to redesign the Model S sedan — here are 9 changes I’d like to see Handelsblatt reported that the reservations… Continue reading Porsche has 30,000 reservations for the Taycan, its sleek-looking Tesla rival. Here’s what we know about the car.
A Tesla employee died at the Gigafactory earlier this month — and the investigation is ongoing (TSLA)
A Tesla employee was found dead at the Gigafactory earlier this month, Tesla has confirmed. Michael Johnston, 61, was found dead on the third floor of the Gigafactory on Monday, July 22nd, the Storey County Police Department told Business Insider. Law enforcement was called at 5:47 am PT. The Storey County Police Department is still… Continue reading A Tesla employee died at the Gigafactory earlier this month — and the investigation is ongoing (TSLA)
Tesla bailed on its harassment lawsuit against a short seller after refusing to provide evidence of its claims (TSLA)
There are hundreds of lawsuits against Tesla, most of them warranty suits or issues with suppliers, but some have become bizarre spectacles for anyone watching the stock. Tesla’s now defunct suit against Randeep Hothi fits into the latter category. In April, Tesla accused Hothi of menacing and injuring its employees, and driving recklessly around them… Continue reading Tesla bailed on its harassment lawsuit against a short seller after refusing to provide evidence of its claims (TSLA)
Uber says it’s raising prices on its dockless e-bike fleet in several US cities (UBER)
It’s going to cost more money to use Uber’s dockless electric Jump bikes in several cities across the US. The pricing equation for Jump bikes varies by city. Initially, in Providence, Rhode Island, the e-bikes cost $2 to unlock, with the first 30 minutes free. The charge was $0.07 a minute after that. Now the… Continue reading Uber says it’s raising prices on its dockless e-bike fleet in several US cities (UBER)
The man in charge of marketing the Ford F-150 calls Tesla a ‘credible competitor,’ but says Elon Musk won’t influence what Ford does with the electric version of its best-selling pickup truck
Ford announced in January that it plans to develop an all-electric version of its F-150 pickup truck. The electric F-150, which does not yet have a release date, will face competition from established automakers like General Motors and newer companies like Tesla and Rivian. In June, Tesla CEO Elon Musk said the electric-car maker’s pickup… Continue reading The man in charge of marketing the Ford F-150 calls Tesla a ‘credible competitor,’ but says Elon Musk won’t influence what Ford does with the electric version of its best-selling pickup truck
A former Tesla employee admitted to uploading Autopilot files to his iCloud account, but denied he’s using them at the Tesla competitor where he now works (TSLA)
Guangzhi Cao, a former Tesla employee who worked on Autopilot, the electric-car maker’s semi-autonomous driver-assistance system, admitted in a July 8 court filing to uploading files related to Autopilot to his personal iCloud account before leaving to work at a competitor. Tesla sued Cao in March, alleging that he had uploaded over 300,000 files and… Continue reading A former Tesla employee admitted to uploading Autopilot files to his iCloud account, but denied he’s using them at the Tesla competitor where he now works (TSLA)
Tesla reportedly plans to expand its production capacity in Fremont, according to a leaked email (TSLA)
Tesla plans to increase production capacity at its Fremont, California, plant, according to an email from the company’s president of automotive Jerome Guillen which was published in part by Bloomberg news. “While we can’t be too specific in this email, I know you will be delighted with the upcoming developments,” Guilen said in an email… Continue reading Tesla reportedly plans to expand its production capacity in Fremont, according to a leaked email (TSLA)