Uber was fined $59 million last year for refusing to disclose data on 3,000 sexual-assault reports. The company negotiated that fine down to $150,000 and won’t have to disclose identifiable data. Uber will also donate $9 million to a victims’ relief fund and toward improving the industry. See more stories on Insider’s business page. Uber… Continue reading Uber negotiated a huge cut to a $59 million fine it received for refusing to share data about sexual assaults on its service
Author: Business Insider
Elon Musk doesn’t care if the Cybertruck flops (TSLA)
Elon Musk doesn’t care if the Cybertruck doesn’t sell, he said Thursday. The Tesla CEO admitted the truck looks like nothing else on the market today. Musk also took a swipe at the other truck makers, saying all their models look the same. See more stories on Insider’s business page. Elon Musk dismissed criticism of… Continue reading Elon Musk doesn’t care if the Cybertruck flops (TSLA)
Tesla will likely launch a flying car business by 2050 that could be worth $1,000 per share, according to Morgan Stanley (TSLA)
Elon Musk. Britta Pedersen-Pool/Getty Images Tesla’s launch of a flying car is a matter of when, not if, according to a note from Morgan Stanley. Morgan Stanley thinks a flying car business could be worth as much as $1,000 per share for Tesla. “The chance that Tesla does not ultimately offer products and services to… Continue reading Tesla will likely launch a flying car business by 2050 that could be worth $1,000 per share, according to Morgan Stanley (TSLA)
General Motors has warned owners of 51,000 previously recalled Chevrolet Bolt EVs that they might still pose a fire risk
GM has told some Chevrolet Bolt EV owners to park their vehicles outside immediately after charging. The automaker said it had been “notified of two recent Chevrolet Bolt EV fire incidents.” GM recalled more than 50,000 Bolt EVs in November after reports of battery fires. See more stories on Insider’s business page. General Motors (GM) has… Continue reading General Motors has warned owners of 51,000 previously recalled Chevrolet Bolt EVs that they might still pose a fire risk
Read Elon Musk’s wildest remarks in court, as he says Tesla would die without him and that naming himself ‘technoking’ drove sales (TSLA)
Elon Musk appeared in court on Monday to defend Tesla’s acquisition of SolarCity in 2016. Things got testy between Musk and the plaintiffs’ attorney. Musk said he hates running Tesla and could have worked on Wall Street. See more stories on Insider’s business page. Elon Musk took the stand on Monday to defend Tesla’s 2016… Continue reading Read Elon Musk’s wildest remarks in court, as he says Tesla would die without him and that naming himself ‘technoking’ drove sales (TSLA)
Elon Musk sparred with a lawyer in court on Monday, calling him a ‘bad human’ who asked ‘tricky and deceptive’ questions
Elon Musk called a lawyer a “bad human” in court on Monday. Musk was defending Tesla’s 2016 acquisition of SolarCity in court. Musk told the lawyer, representing Tesla shareholders, that his questions were “tricky and deceptive.” See more stories on Insider’s business page. Elon Musk sparred with a lawyer representing Tesla shareholders in court on… Continue reading Elon Musk sparred with a lawyer in court on Monday, calling him a ‘bad human’ who asked ‘tricky and deceptive’ questions
Elon Musk blames Tesla Energy’s troubles on the Model 3 and the pandemic
Elon Musk appeared in court Monday to defend Tesla’s 2016 acquisition of SolarCity. Musk said Tesla’s solar energy division underperformed because it had focused on Model 3 production. After the Model 3 went to market, Musk said the solar division ran up against the pandemic. See more stories on Insider’s business page. Elon Musk has… Continue reading Elon Musk blames Tesla Energy’s troubles on the Model 3 and the pandemic
Tesla and real-estate giant Brookfield are building a neighborhood in Austin full of renewable-energy tech
Tesla is teaming up with real-estate developers Brookfield and Dacra to build houses in Austin. Homes in the sustainable neighborhood will be equipped with Tesla solar roofs and battery storage. The houses, which are already under construction, will be for sale. See more stories on Insider’s business page. Elon Musk wants in on Texas’ red-hot… Continue reading Tesla and real-estate giant Brookfield are building a neighborhood in Austin full of renewable-energy tech
How Ford, GM, and VW overcame skeptical investors and unseated Tesla as the auto industry’s hottest stocks
The stock prices of traditional automakers like Ford and GM have soared in the last year. The semiconductor shortage has boosted their prices and profits. And investors have responded well to their increasingly bold EV strategies. See more stories on Insider’s business page. Tesla has been the automotive industry’s biggest stock-market success story over the… Continue reading How Ford, GM, and VW overcame skeptical investors and unseated Tesla as the auto industry’s hottest stocks
The rising stars of self-driving vehicles, from companies like Waymo, Aurora, and Cruise
Qian Chu, 27, TuSimple TuSimple As a senior technical project manager at TuSimple, Qian Chu leads the team responsible for technology development, testing, and integration. She was one of TuSimple’s 25 first employees and plays an important role in keeping the development of TuSimple’s automated-driving system on track, a TuSimple spokesperson said. Chu has a… Continue reading The rising stars of self-driving vehicles, from companies like Waymo, Aurora, and Cruise