Tesla’s significant cost-cutting effort has affected employee work schedules and the supply of some small parts used to make vehicles, CNBC reported on Thursday. CNBC described three cost-reduction measures that Tesla had not made public: Asking employees to work remotely and keep travel to a minimum. Telling hourly employees at the Gigafactory — the factory… Continue reading Tesla is reportedly sending hourly employees home early and asking them to take time off as the company cuts costs (TSLA)
Author: Business Insider
Uber is not criminally liable for its self-driving car killing a pedestrian last year, prosecutors say
Uber is not criminally liable in a March 2018 crash in Tempe, Arizona, in which one of the company’s self-driving cars struck and killed a pedestrian, prosecutors said on Tuesday. The Yavapai County Attorney said in a letter made public that there was “no basis for criminal liability” for Uber, but that the back-up driver,… Continue reading Uber is not criminally liable for its self-driving car killing a pedestrian last year, prosecutors say
Volkswagen and Ford reveal new details about their self-driving partnership (F, VWAPY, AUDVF, GOOGL, GM)
This is an excerpt from a story delivered exclusively to Business Insider Intelligence Transportation & Logistics Briefing subscribers. To receive the full story plus other insights each morning, click here. Ford and German automaker Volkswagen are reportedly close to finalizing a new joint venture to develop self-driving vehicles and technologies, according to The Wall Street… Continue reading Volkswagen and Ford reveal new details about their self-driving partnership (F, VWAPY, AUDVF, GOOGL, GM)
Embark has disclosed the disengagement stats of its self-driving semi-trucks (GM, GOOGL, DMLRY, TSLA, AMZN)
This story was delivered to Business Insider Intelligence Transportation & Logistics Briefing subscribers hours before it appeared on Business Insider. To be the first to know, please click here. Autonomous semi-trucks have long been expected to arrive before self-driving cars. YouTube/Embark However, a new voluntary disclosure of disengagements — the number of times a human… Continue reading Embark has disclosed the disengagement stats of its self-driving semi-trucks (GM, GOOGL, DMLRY, TSLA, AMZN)
Elon Musk said Tesla cars will likely drive without human assistance by the end of 2019 (TSLA)
Tesla CEO Elon Musk said on Wednesday that he expects Tesla vehicles to be able to safely drive themselves without human assistance by the end of 2019. “When will we think it’s safe for full self-driving? It’s probably towards the end of this year, and then it’s up to regulators to decide when they want… Continue reading Elon Musk said Tesla cars will likely drive without human assistance by the end of 2019 (TSLA)
Musk said ‘manufacturing design improvements’ are coming to the Model 3. Former Tesla engineers told us what that could mean. (TSLA)
A mass layoff, the building of a new factory in China, and plans to begin manufacturing the Model Y indicate a new phase at Tesla. And based on a recent letter to employees from CEO Elon Musk, the new Model 3 vehicle will not be left untouched, as the company hopes to sell to sell… Continue reading Musk said ‘manufacturing design improvements’ are coming to the Model 3. Former Tesla engineers told us what that could mean. (TSLA)
Didi Chuxing has formed a joint venture with automaker BJEV
This story was delivered to Business Insider Intelligence Transportation & Logistics Briefing subscribers hours before it appeared on Business Insider. To be the first to know, please click here. Chinese ride-hailing giant Didi Chuxing has formed a joint venture with BJEV, a subsidiary of Chinese state-owned automaker BAIC, to co-develop electric vehicle (EV) technologies, according… Continue reading Didi Chuxing has formed a joint venture with automaker BJEV
Elon Musk said he expects Tesla to deliver around 50% more cars than last year, even if there’s a global recession (TSLA)
Tesla CEO Elon Musk expects the automaker to deliver around 50% more vehicles in 2019 than it did in 2018, even if there’s a global recession, he said on Wednesday. “Even if there’s a global recession, we’re expecting deliveries this year to be about 50% higher than last year,” Musk said Tesla’s fourth-quarter earnings call.… Continue reading Elon Musk said he expects Tesla to deliver around 50% more cars than last year, even if there’s a global recession (TSLA)
Elon Musk says Tesla will be profitable for ‘all quarters going forward’ (TSLA)
After reporting its first-ever consecutive quarterly profits, Tesla CEO Elon Musk says the company will be able to sustain that profitability. “I’m optimistic about being profitable in Q1,” Musk said on the company’s fourth-quarter earnings call on Wednesday. “Not by a lot, but I am optimistic about being profitable in Q1 and all quarters going… Continue reading Elon Musk says Tesla will be profitable for ‘all quarters going forward’ (TSLA)
Tesla says it will start making Model 3s at its upcoming factory in China faster than expected (TSLA)
Tesla will start making Model 3 sedans at its upcoming factory in Shanghai by the end of 2019, the automaker said on Wednesday. Tesla had previously said parts of Model 3 production would begin in China before the end of 2019, but the automaker’s fourth-quarter earnings letter indicates that it has become more optimistic about… Continue reading Tesla says it will start making Model 3s at its upcoming factory in China faster than expected (TSLA)