The battle over gig worker status is heating up

The fight over whether gig workers are independent contractors or employees has been heating up this week on both state and federal levels. The stakes? A once disruptive business model could soon be disrupted itself. On the state level, this week has seen developments in the Proposition 22 saga as companies relying on gig workers… Continue reading The battle over gig worker status is heating up

Toyota delves into EV technology with new V2G pilot program

In a seemingly paradoxical change in mindset, Toyota announced a new partnership Thursday with Oncor Electric Delivery to explore the benefits of vehicle-to-grid (V2G) EV technology for drivers and the grid. Despite years of lobbying against electric vehicles, Toyota has apparently changed its stance over the past few months. Seeing the success of EV leaders… Continue reading Toyota delves into EV technology with new V2G pilot program

Tesla launches ‘Tesla Electric’ to become an electricity retailer

Tesla has launched “Tesla Electric” to become an electricity retailer through its Powerwall owners – starting with some markets in Texas. After gaining experience through its virtual power plants (VPPs), Tesla is taking things a step further with the launch of “Tesla Electric.” Instead of reacting to specific “events” and providing services to your local… Continue reading Tesla launches ‘Tesla Electric’ to become an electricity retailer

Tesla is on the verge of announcing a factory in Mexico, report says

Tesla has reportedly acquired land in Nuevo Leon, Mexico, and it is on the verge of announcing a plan to build a factory on it. Earlier this year, people crossing the border between Texas and Nuevo Leon were surprised to see not just the usual marked lanes for cars and trucks, but also one marked… Continue reading Tesla is on the verge of announcing a factory in Mexico, report says

Elon Musk sells another huge chunk of Tesla shares

Anadolu Agency | Anadolu Agency | Getty Images Tesla CEO Elon Musk has sold about 22 million more shares of his electric vehicle business, which were worth around $3.6 billion, according to a financial filing out Wednesday night. The transactions took place between Monday and Wednesday of this week according to the filings with the Securities and Exchange… Continue reading Elon Musk sells another huge chunk of Tesla shares

Legalcategory

–   Twitter dropped a law firm that CEO Elon Musk disparaged. –   McGuireWoods rehired an attorney who served on the congressional committee investigating the Jan. 6, 2021 Capitol attack.  –  Susman Godfrey announced year-end associate bonuses between $85,000 and $160,000, down from last year but higher than those offered by bigger competitors. Go… Continue reading Legalcategory

China’s EV exports won’t be a mostly Tesla story for much longer

This content is only available to subscribers. Get unlimited digital access. $1 for 6 Months. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The eNewspaper, a digital replica of the print paper, every day. Trusted, up-to-date local Detroit and Michigan breaking news. Newsletters on topics that… Continue reading China’s EV exports won’t be a mostly Tesla story for much longer

Elon Musk’s role at Tesla questioned as Twitter occupies his attention

This content is only available to subscribers. Get unlimited digital access. $1 for 6 Months. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The eNewspaper, a digital replica of the print paper, every day. Trusted, up-to-date local Detroit and Michigan breaking news. Newsletters on topics that… Continue reading Elon Musk’s role at Tesla questioned as Twitter occupies his attention

Elon Musk Quietly Unloads Billions in Tesla Shares as Price Plummets

“The Twitter nightmare continues as Musk uses Tesla as his own ATM machine to keep funding the red ink at Twitter…” Stonk Wonk Elon Musk has once again sold a mindboggling cache of Tesla stock — even as the electric vehicle maker’s stock value continues a precipitous decline. As the Wall Street Journal reports, Musk quietly sold… Continue reading Elon Musk Quietly Unloads Billions in Tesla Shares as Price Plummets