Volkswagen’s new business strategy puts software and autonomous driving front and center

Volkswagen will ramp up its software, mobility as a service and battery tech to stay competitive in the coming decades, as it and other automakers prepare for the largest transition in personal mobility since the invention of the car. Laying out the company strategy Tuesday, Chief Executive Officer Herbert Diess emphasized a top-to-bottom transformation in… Continue reading Volkswagen’s new business strategy puts software and autonomous driving front and center

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 Cybertruck is rumored to be behind ~$400 million camera deal with Samsung

Reports coming out of Korea state that Samsung has signed a massive $436 million deal to supply cameras to the “number 1 American EV manufacturer” for a vehicle unveiled in November 2019. It would indicate the deal is to supply cameras for the Tesla Cybertruck electric pickup truck. Earlier today, the Korea Economic Daily reported… Continue reading Tesla Cybertruck is rumored to be behind ~$400 million camera deal with Samsung