Tesla, CEO Elon Musk took to Twitter on Thursday night to dispute rumors that Model 3 cancellations are outpacing orders. The move came after Needham & Co., a New York-based investment bank, downgraded Tesla shares from hold to sell. Needham’s report, which included several reasons for taking a bearish position on Tesla, specifically cited, “slower… Continue reading ‘Dunno where this bs came from’: Elon Musk slams claims that Tesla Model 3 cancellations are outpacing deposits (TSLA)
Author: Business Insider
Volvo’s new Polestar 2 electric-car will start at $40,000 and have a range of 350 miles per charge
The Tesla Model 3 will see a direct rival from Volvo Cars’ newly minted Polestar brand, and the first details about the electric car have come out. Speaking to Autocar, Polestar COO Jonathan Goodman said the second Polestar model, fittingly called Polestar 2, will boast up to a 350-mile range, up to 405 horsepower, and… Continue reading Volvo’s new Polestar 2 electric-car will start at $40,000 and have a range of 350 miles per charge
‘We were huge idiots and didn’t know what we were doing’: Elon Musk blames Tesla’s Model 3 production issues on being ‘naive’ (TSLA)
In an interview with Bloomberg, Tesla CEO Elon Musk said “we were huge idiots and didn’t know what were doing” when attempting to redesign Tesla’s production process for the Model 3. Musk had hoped to make vehicle production faster and less expensive by significantly increasing the amount of automation Tesla used in its factories. But… Continue reading ‘We were huge idiots and didn’t know what we were doing’: Elon Musk blames Tesla’s Model 3 production issues on being ‘naive’ (TSLA)
Alphabet says Loon and Wing are ready to become real businesses, but it’s impossible to know if any of its ‘other bets’ are paying off (GOOG)
Loon and Wing can no longer be considered loony or wing nut ideas. Now, whether either of them will ever make any money for parent company Alphabet, or were worth what it invested in them is still anyone’s guess. Google’s parent company announced Wednesday that Loon, which is developing a balloon-based internet delivery system, and… Continue reading Alphabet says Loon and Wing are ready to become real businesses, but it’s impossible to know if any of its ‘other bets’ are paying off (GOOG)
Tesla’s tent factory could damage its high-tech reputation, analyst says (TSLA)
Reuters Tesla reached its goal of producing 5,000 Model 3 sedans in a week early Sunday morning. The burst of production was thanks to its new assembly line in a tent next to its Fremont, California plant. Evercore ISI warned clients Tuesday that the low-tech factory addition could damage Tesla’s reputation as a high-tech company.… Continue reading Tesla’s tent factory could damage its high-tech reputation, analyst says (TSLA)
Tesla’s mounting problems could have been easily avoided (TSLA)
It would be an understatement of the highest order to say that Tesla has been in any way boring for the past 12 months. What we’re dealing with here is basically a total war on numerous fronts, ranging from automobile manufacturing to experiments in robotics to financial speculation to 21st-century media relations. The whole combative… Continue reading Tesla’s mounting problems could have been easily avoided (TSLA)
Elon Musk says Tesla could put its first European Gigafactory in Germany
Elon Musk said Tesla favors Germany as the location for its first European Gigafactory. Industry experts expect a green car revolution to boost Europe’s battery market to around 250 billion euros ($290 billion) by 2025. Tesla has faced challenges ramping up Model 3 production, forcing it in recent days to announce plans to cut several… Continue reading Elon Musk says Tesla could put its first European Gigafactory in Germany
Tesla’s new Model 3 assembly line is in a giant tent outside its Fremont factory (TSLA)
Tesla‘s new Model 3 assembly line is in a tent, CEO Elon Musk said on Monday. Musk posted a photo of the assembly line to Twitter on Saturday and said the line was built in three weeks with “minimal resources.” On Monday, Musk described the structure housing the assembly line as “a giant tent.” “Needed… Continue reading Tesla’s new Model 3 assembly line is in a giant tent outside its Fremont factory (TSLA)
Elon Musk is accusing a Tesla employee of trying to sabotage the company (TSLA)
Tesla CEO Elon Musk said a Tesla employee has engaged in sabotage against the company, CNBC reports. In an email obtained by the publication, which Musk sent on Sunday night, Musk said the employee had changed parts of the company’s manufacturing operating system code and sent “highly sensitive” company data to outside parties. Musk reportedly… Continue reading Elon Musk is accusing a Tesla employee of trying to sabotage the company (TSLA)
Uber CEO says New York City should charge a fee on all ride-hailing trips to help out struggling taxi drivers
NEW YORK (AP) — The chief executive of Uber said New York City should impose a fee on app-hailed rides and taxis to help taxi medallion owners who are struggling with debt. CEO Dara Khosrowshahi told the New York Post on Monday that the city should put the surcharge into a fund to help taxi… Continue reading Uber CEO says New York City should charge a fee on all ride-hailing trips to help out struggling taxi drivers