Tag: Tesla

Twitter hit with mass resignations after Elon Musk’s ‘hardcore’ ultimatum

Elon Musk is now facing a new crisis at Twitter as a wave of employees seemed to reject his ultimatum of an “extremely hardcore” Twitter 2.0 or leave the company. Hours after a deadline for workers to check “yes” on a Google form accepting “long hours at high intensity, it seems a large number of… Continue reading Twitter hit with mass resignations after Elon Musk’s ‘hardcore’ ultimatum

Elon Musk changes Twitter’s remote work rules, again

Elon Musk is changing Twitter’s remote work rules yet again amid deadline for employees to commit to his vision for a “hardcore” company. Musk, who previously banned remote work at Twitter, has now indicated that some remote work is possible, Bloomberg and The Verge report. “Regarding remote work, all that is required for approval is that your… Continue reading Elon Musk changes Twitter’s remote work rules, again

Democratic senators ask FTC to investigate Elon Musk over his handling of Twitter

A group of Democratic senators have asked the FTC to investigate Elon Musk over his handling of users’ privacy and security in the wake of his takeover of Twitter. In a letter to FTC Chair Lina Khan, the senators cite Musk’s botched rollout of Twitter Blue’s paid verifications, as well as the departures of Twitter’s… Continue reading Democratic senators ask FTC to investigate Elon Musk over his handling of Twitter

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Nov 17 (Reuters) – Hundreds of Twitter employees are estimated to be leaving the beleaguered social media company following an ultimatum from new owner Elon Musk that staffers sign up for “long hours at high intensity,” or leave. In a poll on the workplace app Blind, which verifies employees through their work email addresses and… Continue reading Untitled

U.S. Auto Sales Point to Continued Demand

Several automakers indicated they expected demand to remain firm, or at least outpace supply. G.M. has taken steps to increase truck production at its plant in Flint, Mich., and reopened a plant in Oshawa, Ontario. “We’re not seeing any indications demand for our vehicles is softening,” said Jim Cain, a G.M. spokesman. “Overall, the consumer… Continue reading U.S. Auto Sales Point to Continued Demand

BrightDrop is tracking $1 billion revenue in 2023

General Motors’ e-delivery van subsidiary BrightDrop said Thursday it’s on track to reach $1 billion in revenue next year. The company, which launched in 2021 and was incubated at the automaker’s global innovation center, said reaching the financial milestone would make it one of the quickest tech startups to reach unicorn status, ahead of Apple,… Continue reading BrightDrop is tracking $1 billion revenue in 2023

GM secures nickel for EV ramp-up from Vale’s new Quebec Battery Valley factory

GM and Vale announced that they have come to an agreement for the former to get a significant part of the nickel sulfate that Vale plans to produce at its upcoming new Quebec Battery Valley factory. There’s a region in Quebec around Bécancour, just outside of the city of Trois-Rivières, that people are starting to call… Continue reading GM secures nickel for EV ramp-up from Vale’s new Quebec Battery Valley factory

New York State is funding an EV-only consumer loan platform

EV seed-stage company Tenet, which offers consumer loans for EVs, today announced it has secured $25 million in a first-of-its-kind warehouse facility from NY Green Bank for EV loan financing that originates in New York State.  If you’re not familiar with the term warehouse financing, it’s “a form of inventory financing that involves a loan made by… Continue reading New York State is funding an EV-only consumer loan platform

Tesla lithium refinery project moves to private negotiations in Texas

Tesla is currently working on a lithium refinery project that would be coming to Corpus Christi, Texas, and it sounds like the automaker is in the final stretch of its negotiations with the authorities. In September, we learned that Tesla has a plan to build a lithium refining facility on the Gulf Coast of Texas.… Continue reading Tesla lithium refinery project moves to private negotiations in Texas