And yet, as Robert Lowell wrote, “No rocket goes as far astray as man.” In recent months, as the outrages at Twitter and elsewhere began to multiply, Musk seemed determined to squander much of the good will he had built up over his career. I asked Slavik, the plaintiffs’ attorney, whether the recent shift in… Continue reading Elon Musk’s Appetite for Destruction
Category: US Motoring Press
Elon Musk Goes to Trial Over His 2018 Plan to Take Tesla Private
More than four years after he said he had secured the funding to take Tesla off the stock market, Elon Musk will try to defend that statement in a trial that began on Tuesday in a federal court in San Francisco. The case is brought by investors who claim Mr. Musk, the electric automaker’s chief… Continue reading Elon Musk Goes to Trial Over His 2018 Plan to Take Tesla Private
Tesla Cuts Prices Sharply as It Moves to Bolster Demand
New competitors are on the way, too. This year, General Motors is supposed to start making electric versions of its Chevrolet Silverado pickup and Chevrolet Blazer and Equinox sport utility vehicles. Tesla has also had trouble in China, its largest market, where a local manufacturer, BYD, is now the No. 1 electric vehicle brand. Tesla… Continue reading Tesla Cuts Prices Sharply as It Moves to Bolster Demand
Uber Drivers Say They Are Struggling: ‘This Is Not Sustainable’
But it has not been enough for Ishtiaq Ahmed, 42, who works for Uber and Lyft and lives with his wife and four children in Brooklyn. Mr. Ahmed said that, more than a decade ago, he used to earn $700 to $800 a day with the app services. Now, he is lucky to make $140.… Continue reading Uber Drivers Say They Are Struggling: ‘This Is Not Sustainable’
Mercedes-Benz Plans to Build U.S. Electric Car Charging Network
Mercedes-Benz said Thursday that it would install a network of 2,500 high-powered chargers in the United States by 2027, a sign the German carmaker is expanding its commitment to electric vehicles by borrowing a page from Tesla’s playbook. The fast chargers, distributed among 400 stations, will operate under the Mercedes brand. Owners of the company’s… Continue reading Mercedes-Benz Plans to Build U.S. Electric Car Charging Network
Tesla Sales in China Slump as Competition Intensifies
Tesla sales in China, the world’s largest car market and a crucial element of the company’s fortunes, slumped at the end of 2022 as domestic manufacturers like BYD gained ground with lower-priced electric vehicles, according to data published Thursday. Tesla sold around 56,000 cars in China last month, a decline of 21 percent from a… Continue reading Tesla Sales in China Slump as Competition Intensifies
Tesla Car Sales Grow Slower Than Expected, Amplifying Concerns
Tesla said Monday that deliveries in the last three months of the year rose 18 percent from the previous quarter, disappointing Wall Street analysts and adding to pressure on Elon Musk, the company’s chief executive, to focus on making cars rather than overhauling Twitter. Tesla said it delivered 405,000 electric cars from October through December.… Continue reading Tesla Car Sales Grow Slower Than Expected, Amplifying Concerns
Auto loan delinquencies are rising. Here’s what to do if you’re struggling with payments
Fotostorm | E+ | Getty Images For a rising share of car owners, monthly auto loan payments appear to be evolving into a problem. While borrowers who are behind on their payments by more than 60 days represent a tiny portion of all outstanding auto loans — 1.84% — their ranks are growing, according to… Continue reading Auto loan delinquencies are rising. Here’s what to do if you’re struggling with payments
Jury finds Musk, Tesla not liable in securities fraud trial following ‘funding secured’ tweets
Tesla CEO Elon Musk and his security detail depart the company’s local office in Washington, January 27, 2023. Jonathan Ernst | Reuters Elon Musk and Tesla were found not liable by a jury in a San Francisco federal court on Friday in a class-action securities fraud trial stemming from tweets Musk made in 2018. The… Continue reading Jury finds Musk, Tesla not liable in securities fraud trial following ‘funding secured’ tweets
Tesla hikes price of Model Y after US alters tax credit rule
Detroit – Tesla has raised prices on its Model Y in the U.S., apparently due to rising demand and changes in U.S. government rules that make more versions of the small SUV eligible for tax credits. The Austin, Texas, electric vehicle company bumped up the price of the Model Y Long Range version by about… Continue reading Tesla hikes price of Model Y after US alters tax credit rule