General Motors (GM) EV push will soon pay off. GM investors are gearing up for an update from CEO Mary Barra this week that includes a mention of the automaker turning a profit on its electric vehicles in 2025. As the race to claim EV market share heats up, many automakers are taking significant losses… Continue reading Can GM electric vehicles turn a profit by 2025? Mary Barra is betting on it
Category: Tech News
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Elon Musk moves his top lieutenant at Tesla to SpaceX after a controversy
Elon Musk’s top lieutenant at Tesla, Omead Afshar, is now working at SpaceX after leaving Tesla over a strange controversy. Omead Afshar’s official position at Tesla is director of the office of the CEO – Elon Musk’s office. But in practice, he has been seen as Musk’s chief of staff since Sam Teller, Musk’s longtime… Continue reading Elon Musk moves his top lieutenant at Tesla to SpaceX after a controversy
Tesla to hold rare event for Tesla Semi deliveries on Dec. 1
Tesla confirmed that it is going to hold an event on December 1 for the first Tesla Semi deliveries. More details about the production version of the electric truck could be released. While Tesla used to hold regular unveiling events for new products and production vehicle programs, the automaker moved away from them since the… Continue reading Tesla to hold rare event for Tesla Semi deliveries on Dec. 1
Tesla helps boost EV market share in California’s crashing auto market
Tesla is showing some strong resilience in California’s crashing car market and is helping boost EV market share to a new record. With the slowdown that came with the pandemic and the more recent supply chain issues, the auto industry has yet to go back to pre-2020 levels of deliveries. California New Car Dealers Association… Continue reading Tesla helps boost EV market share in California’s crashing auto market
Tesla on trial: Autopilot and Elon Musk’s $56 billion pay package under scrutiny in separate cases
/ Elon Musk will take the stand to defend his $56 billion compensation package as CEO of Tesla. At the same time, a manslaughter trial is set to begin in LA for a fatal crash caused by a Tesla owner operating Autopilot. Laura Normand / The Verge As if he doesn’t have enough going on,… Continue reading Tesla on trial: Autopilot and Elon Musk’s $56 billion pay package under scrutiny in separate cases
Oil giant Occidental wants to remake itself as a climate tech leader in Texas
/ Occidental stands to profit off both its oil business and the pollution that it creates by building massive carbon removal projects in Texas. An oil pumpjack pulls oil from the Permian Basin oil field on March 14th, 2022.Photo by Joe Raedle/Getty Images One of the biggest oil producers in the US has a new… Continue reading Oil giant Occidental wants to remake itself as a climate tech leader in Texas
Police Investigating Deadly Accident In Which Tesla Plowed Into Multiple People
Warning: The video is graphic. Deadly Speed A Tesla in China was captured on video killing two people and injuring three others in an alleged brake malfunction — and now, the company is working with Chinese authorities to figure out what, exactly, went so tragically wrong. As Reuters reports, Tesla has publicly affirmed that it’s working… Continue reading Police Investigating Deadly Accident In Which Tesla Plowed Into Multiple People
Crypto.com Accidentally Sent $400 Million to a Competitor
Cryptocurrency exchange Crypto.com — which bought the naming rights, alongside its peers at the newly-imploded FTX — is feeling the pressure following FTX’s collapse. This week, all eyes are on Crypto.com CEO Kris Marszalek, who had to fess up over the weekend to the fact that his company accidentally sent $400 million worth of Ethereum to an… Continue reading Crypto.com Accidentally Sent $400 Million to a Competitor
Experts Say Sam Bankman-Fried’s Best Legal Defense Is to Say He’s Just Really, Really Stupid
“Mismanaging your company and losing a bunch of other people’s money is not criminal.” Thought Crimes As the the FTX implosion continues, the company’s figurehead and just-resigned CEO, Sam Bankman-Fried, may end up facing significant legal peril. If he does, experts say he may end up employing an interesting defense: that his actions weren’t criminal… Continue reading Experts Say Sam Bankman-Fried’s Best Legal Defense Is to Say He’s Just Really, Really Stupid
Nike Will Let People Design and Sell Sneakers for the Metaverse
Although there will be no avatars at the time of launch, the brand’s stated ambition is for the virtual products released on Swoosh to become wearable on and off the platform. “I can imagine the avatars on RTFKT being able to wear our wearables, as well as avatars in games you already play,” says Ron… Continue reading Nike Will Let People Design and Sell Sneakers for the Metaverse