Tag: Tesla

Biden’s EV subsidy plan draws ire of Japan and European automakers

NEW YORK/WASHINGTON — Japanese and European automakers have cried foul over Washington’s plans to subsidize electric vehicles made by union labor, declaring that the treatment would amount to a two-tiered system favoring a select group of manufacturers. The Biden administration and Democratic lawmakers look to finalize a scheme that would grant a $4,500 tax credit… Continue reading Biden’s EV subsidy plan draws ire of Japan and European automakers

CATL to supply batteries for upcoming Fisker Ocean SUV

Fisker Inc. has announced a formal agreement with CATL to supply batteries to the upcoming Ocean electric SUV, as it approaches production next year. CATL will provide small and large battery packs of different chemistries to Fisker over the next few years, delivering an initial annual capacity of over five-gigawatt hours (GWh). By now, most… Continue reading CATL to supply batteries for upcoming Fisker Ocean SUV

XPeng launches ‘Smart Driving Points’ beta, eerily similar to Tesla’s ‘Safety Score’

Chinese EV automaker XPeng Motors has taken a play out of Tesla’s book and will implement a ‘Smart Driving Points’ scoring system to ensure future owners don’t abuse its self-driving technology. The safety monitoring system has launched in beta form ahead of a 2022 rollout, and appears to be eerily similar to Tesla’s recent ‘Safety… Continue reading XPeng launches ‘Smart Driving Points’ beta, eerily similar to Tesla’s ‘Safety Score’

Tesla’s Elon Musk bemoans German red tape, again

By Reuters Staff 2 Min Read Slideshow ( 2 images ) FRANKFURT (Reuters) – Tesla Inc Chief Executive Elon Musk took to Twitter to bemoan a consultation process launched on Tuesday for local citizens to express objections to a huge factory he is building near Berlin. The process, being repeated over concerns the first time… Continue reading Tesla’s Elon Musk bemoans German red tape, again

New York hedge fund stands to make over $5bn on Avis Budget share surge

Receive free Avis Budget Group Inc updates We’ll send you a myFT Daily Digest email rounding up the latest Avis Budget Group Inc news every morning. A New York hedge fund stands to make billions of dollars on a sudden leap in the shares of Avis Budget, the once ailing rental car company that catapulted… Continue reading New York hedge fund stands to make over $5bn on Avis Budget share surge

Elon Musk’s wealth is now three times more than that of Mukesh Ambani’s

Elon Musk There appears to be no ceiling for the growth in wealth of the world’s richest man and owner of Tesla Inc, Elon Musk. Monday’s over 8 per cent rally in shares of the electric vehicle company saw Musk’s wealth surge $9 billion in a day to over $311 billion. The surge in his… Continue reading Elon Musk’s wealth is now three times more than that of Mukesh Ambani’s

Tesla recalls 11,704 vehicles after identifying Full Self-Driving Beta software error

Tesla voluntarily recalled nearly 11,704 vehicles after identifying a software error that could cause a false forward-collision warning or unexpected activation of the automatic emergency brake system, the National Highway Traffic and Safety Administration said. All of the affected vehicles had early access to the automaker’s “Full Self-Driving Beta,” it’s advanced driver assistance system. The… Continue reading Tesla recalls 11,704 vehicles after identifying Full Self-Driving Beta software error

Autos & Transportation · 2:19 PM UTCMusk says Tesla has not signed a contract with Hertz yet, halts stock rallyTesla Inc’s top boss Elon Musk said the…

Nov 2 (Reuters) – Tesla Inc’s (TSLA.O) top boss Elon Musk said the company had not signed a contract with Hertz, more than a week after the car rental firm announced a massive deal with the electric carmaker. Tesla’s shares fell 4% in early trading on Tuesday, after a steep jump following the news of… Continue reading Autos & Transportation · 2:19 PM UTCMusk says Tesla has not signed a contract with Hertz yet, halts stock rallyTesla Inc’s top boss Elon Musk said the…