Tag: Tesla

BYD slumps on chatter Buffett’s Berkshire may have cut stake

(Reuters) – Hong Kong shares of BYD Co Ltd recorded their worst day in 20 months on Tuesday after Citibank’s increased holding of the Chinese EV firm’s stock sparked market chatter that Warren Buffett’s Berkshire Hathaway may have cut its stake. Citibank’s shareholding in BYD has increased by 225 million shares to 388.61 million shares… Continue reading BYD slumps on chatter Buffett’s Berkshire may have cut stake

Is Warren Buffett Selling? Stock in BYD, a Tesla Rival, Is Down.

Reuters Cryptoverse: Shrimps and whales keep bitcoin afloat Shrimps, investors that hold less than 1 bitcoin, are collectively adding to their balance at a rate of 60,460 bitcoin per month, the most aggressive rate in history, according to an analysis by data firm Glassnode. Whales, those with more than 1,000 bitcoin, were adding 140,000 coins… Continue reading Is Warren Buffett Selling? Stock in BYD, a Tesla Rival, Is Down.

German Handelsblatt: Electromobility: Musk’s former head of technology will in future recycle VW batteries in North America004678

Die Umweltbilanz des Elektroautos hängt auch an einer entscheidenden Frage: Was wird aus den Batterien, wenn sie nicht mehr gebraucht werden? Batterien sind nicht nur eine wichtige Komponente, um Autos mehr Reichweite zu geben – sie stecken auch voller seltener Rohstoffe wie Kobalt, Kupfer, Nickel und Lithium.VW Nordamerika setzt darum auf eine neue Partnerschaft für… Continue reading German Handelsblatt: Electromobility: Musk’s former head of technology will in future recycle VW batteries in North America004678

Global Independent Aftermarket Boosted by Out-of-warranty Tesla Vehicles

“Rapid improvements in Tesla’s over-the-air (OTA) update capabilities beyond infotainment and navigation system updates could create new subscription-based aftersales revenue streams for Tesla,” said Anuj Monga, Mobility Research Associate Director at Frost & Sullivan. “Electric vehicle (EV) manufacturers are well-poised to leverage data monetization opportunities by offering OTA update capabilities.” Monga added: “Mobile service on… Continue reading Global Independent Aftermarket Boosted by Out-of-warranty Tesla Vehicles

Cleantechnica: Tesla Leads June EV Sales Surge In China 002104

China’s wholesale sales of new energy passenger vehicles reached 571,000 units in June, surpassing last December’s 505,000 units, according to data released by the China Passenger Car Association this week. Retail sales topped 532,000 vehicles. CNEvPost reports that in June, battery electric vehicles accounted for the vast majority of new energy vehicle (NEV) sales, with… Continue reading Cleantechnica: Tesla Leads June EV Sales Surge In China 002104

As Elon Musk Walks, Twitter Workers Say No One’s in Charge

A number of executives have already left the company in the wake of Musk launching his takeover bid, impacting countless others further down the food chain. “The feeling internally is that people have been applying for jobs, and they’re going to keep applying for jobs,” says the first Twitter staffer. Employees say they felt particularly… Continue reading As Elon Musk Walks, Twitter Workers Say No One’s in Charge

Twitter tells Musk his attempt to bail on $44 billion acquisition is ‘invalid and wrongful’

Twitter’s lawyers have hit back at Elon Musk for his attempt to bail on his $44 billion takeover of the company. The company said Friday, immediately following Musk’s official notice that he wanted to terminate the deal, that it was prepared to pursue legal action against him. Now, in a new filing with the SEC,… Continue reading Twitter tells Musk his attempt to bail on $44 billion acquisition is ‘invalid and wrongful’

Rivian reportedly plans to lay off around five percent of its workforce

Electric truck maker Rivian is reportedly planning to lay off hundreds of workers. While the company hasn’t made a firm decision on mass job cuts, according to Bloomberg, it may shed around five percent of the workforce. With a headcount of more than 14,000, that equates to around 700 employees. Layoffs may be announced in… Continue reading Rivian reportedly plans to lay off around five percent of its workforce

Ford Mustang Mach-E prices up by average of £7700 in 2022

The price of a new Ford Mustang Mach-E has shot up by an average of over £7700 in the last seven months, with one particular variant rising by more than £9300.  Prices for the US-built electric SUV – which now starts at £50,030 – were raised by between £2500 and £5980, depending on specification, earlier this month.  This follows… Continue reading Ford Mustang Mach-E prices up by average of £7700 in 2022