Elon Musk’s bankers are considering Tesla (TSLA) stock-backed margin loans to support Twitter, which is under heavy interest expenses. Stock-backed margin loans are a popular way for billionaires whose money is tied up in stocks to get some cash. You can be worth $100 billion on paper, but if all that money is tied up… Continue reading Elon Musk might need new Tesla-backed margin loans to support Twitter
Author: Electrek Newsfeed
All-electric Chevy Camaro and Cadillac Escalade brands will be the next GM EV spinoffs
To be the best, you’ve got to beat the best. General Motors plans to transition several iconic brands into the EV era as the automaker gears up for an all-electric future. The latest names under consideration for an EV spinoff are two timeless classics – the Chevrolet Camaro and the Cadillac Escalade. Sources from within… Continue reading All-electric Chevy Camaro and Cadillac Escalade brands will be the next GM EV spinoffs
Honda unveils $7,300 light electric van to meet the high demand for commercial EVs
An electric vehicle for around $7,300? You heard that right. Honda announced today a new light commercial electric van set to launch in spring 2024 that’s ideal for both personal and business use. Honda unveils electric “N-VAN” light commercial van With a starting price of 1 million yen, which currently amounts to about $7,300, Honda’s… Continue reading Honda unveils $7,300 light electric van to meet the high demand for commercial EVs
GM striving to double L2 chargers through its community program, with 1K dealers enrolled
General Motors revealed Wednesday almost 1,000 GM dealers have enrolled in its Dealer Community Charging Program so far. GM says it intends to nearly double the availability of Level 2 (L2) EV charging in the US and Canada, with plans to add up to 40,000 chargers in underserved communities where infrastructure is currently limited. GM… Continue reading GM striving to double L2 chargers through its community program, with 1K dealers enrolled
Tesla on self-driving claims: ‘failure to realize long-term, aspirational goal is not fraud’
Tesla defended itself in a lawsuit over its self-driving claims brought by a customer by saying that “mere failure to realize a long-term, aspirational goal is not fraud.” In September, we reported on a Tesla owner filing a class-action lawsuit against Tesla over “allegedly misleading the public regarding its Autopilot, Enhanced Autopilot, and Full Self-Driving… Continue reading Tesla on self-driving claims: ‘failure to realize long-term, aspirational goal is not fraud’
Outlet claims Tesla China president will replace Elon Musk as CEO right after losing fake news case
In a truly bizarre situation, media outlet Pingwest claims that Tesla has decided to replace Elon Musk as CEO with Tom Zhu, president of Tesla China, right after losing a lawsuit over fake news against Tesla. Pingwest is a Chinese tech publication with a decent-size following on social media and dozens of employees, according to… Continue reading Outlet claims Tesla China president will replace Elon Musk as CEO right after losing fake news case
Tesla launches in Thailand, opens Model 3 and Y orders at competitive prices
Tesla has officially launched in Thailand and opened orders for Model 3 and Model Y at competitive prices. It has been a little while since Tesla has expanded into a brand-new market. The company was trying hard to enter the Indian market for years, but the effort was put on hold earlier this year after negotiations with… Continue reading Tesla launches in Thailand, opens Model 3 and Y orders at competitive prices
Tesla says it is adding radar in its cars next month amid self-driving suite concerns
Tesla told the FCC that it plans to market a new radar starting next month. The move raises even more concerns about potentially needed updates to its hardware suite to achieve the promised self-driving capability. Since 2016, Tesla has claimed that all its vehicles produced going forward have “all the needed hardware” to become self-driving… Continue reading Tesla says it is adding radar in its cars next month amid self-driving suite concerns
Elon Musk tells Biden Tesla is opening its Supercharger network, but how?
Elon Musk told President Biden that Tesla is opening its Supercharger network, but the plan has been unclear since Tesla opened its charge connector. Over the last year, Tesla has been working to open its Supercharger network to non-Tesla electric vehicles. In Europe, Tesla has already opened hundreds of stations in most countries it operate… Continue reading Elon Musk tells Biden Tesla is opening its Supercharger network, but how?
Tesla Gigafactory Berlin in ‘total chaos,’ says worker in report about labor issues
Tesla Gigafactory Berlin is reportedly in “total chaos,” according to a factory employee talking to Wired in a report highlighting labor issues at the factory. The automaker is currently trying to simultaneously ramp up production at Gigafactory Texas and Gigafactory Berlin, both massive factories by any standard. Tesla plans to have over 10,000 workers at… Continue reading Tesla Gigafactory Berlin in ‘total chaos,’ says worker in report about labor issues