Elon Musk Elon Musk has notified co-investors who committed to help fund his $44 billion acquisition of Twitter Inc that he plans to close his buyout of the social media firm by Friday, according to a person familiar with the matter. Equity investors, including Sequoia Capital, Binance, Qatar Investment Authority and others have received the… Continue reading Elon Musk informs co-investors he plans to close Twitter deal by Friday: Source
Tag: Tesla
Cleantechnica: Tesla Could Be “Recession-Resilient,” Says Elon Musk 002340
As many tech companies are finding ways to cut costs and downsize ahead of an expected recession, Tesla CEO Elon Musk seems confident that the automaker will be okay. While Tesla is unlikely to be completely immune from the economic downturn, Musk doesn’t expect Tesla’s production to slow down at all because of one key factor.… Continue reading Cleantechnica: Tesla Could Be “Recession-Resilient,” Says Elon Musk 002340
Cleantechnica: Europe Electric Car Sales — 16% of New Cars Fully Electric, 24% Have a Plug 002339
After over a year in the red, Europe was back in black in August, with a 3% growth rate. September confirmed the trend with a 9% increase in market sales, signaling that the worst of the production constraints might be over. Although, with an energy-derived recession knocking on the door, this uptick might not last… Continue reading Cleantechnica: Europe Electric Car Sales — 16% of New Cars Fully Electric, 24% Have a Plug 002339
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SEOUL, Oct 26 (Reuters) – Tesla Inc supplier LG Energy Solution Ltd (LGES) (373220.KS) on Wednesday swung to a profit in the third quarter on the back of strong electric vehicle (EV) battery demand and favourable foreign exchange rates. South Korea’s LGES, which also sells EV batteries to automakers including General Motors Co (GM.N), Ford… Continue reading Untitled
Tesla’s new Cybertruck Giga Press is on its way
Idra, the maker of Tesla’s large casting press, confirmed that it is now shipping Tesla’s Cybertruck Giga Press, which is going to be the new world’s largest press. Earlier this year, Idra teased a new 9,000-pound Giga press that would take the prize as largest in the world. Considering Tesla’s relationship with Idra, it was… Continue reading Tesla’s new Cybertruck Giga Press is on its way
Tesla expands ‘high-volume’ hiring in Quebec amid rumors of a factory
Tesla is expanding the hiring of recruiters and a support team for a “high-volume” hiring effort in Quebec amid rumors of a potential factory coming to the region. Earlier this year, we started reporting on evidence that Tesla has been looking at a potential location in Canada for its next Gigafactory. Tesla plans to ramp… Continue reading Tesla expands ‘high-volume’ hiring in Quebec amid rumors of a factory
South Korea, U.S. in ‘intense conversation’ over EV tax credits, ambassador says
Hyundai executives and government officials break ground on the automaker’s new “Metaplant America” in Bryan County, Georgia, on Tues., Oct. 25, 2022. CNBC | Michael Wayland SAVANNAH, Ga. – South Korean officials are working closely with the U.S. government to adjust restrictive regulations on electric vehicles under the recently passed Inflation Reduction Act, according to… Continue reading South Korea, U.S. in ‘intense conversation’ over EV tax credits, ambassador says
Elon Musk Has Lost $100 Billion in Under a Year
Last year, as his net worth soared past $300 billion dollars, Elon Musk was crowned the world’s richest person in history. Fast forward about 11 months — involving a “bad feeling” about the economy, a sudden, complicated, and likely soiled bid to buy Twitter, and a self-imposed foray into social media foreign policy — and according… Continue reading Elon Musk Has Lost $100 Billion in Under a Year
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Oct 25 (Reuters) – Elon Musk has pledged to close his $44 billion Twitter Inc (TWTR.N) deal by Friday in a video conference call with bankers who are helping fund the deal, Bloomberg News reported on Tuesday, citing people with knowledge of the matter. The banks have finished putting together the final credit agreement and… Continue reading Untitled
Has the research expenditure for autonomous driving paid off?
The industry has invested billions in the development of autonomous driving, but the commercialization is a long time coming. Ten years ago, there was optimism that autonomous driving would be on the market by the 2020s. Today there is at least one model that has level 3. level 4 there are a few in the… Continue reading Has the research expenditure for autonomous driving paid off?