Elon Musk is facing yet another lawsuit over his planned Twitter acquisition. Reuters reports investors have sued the Tesla CEO for allegedly manipulating stock prices ahead of his $44 billion takeover bid. As in an earlier suit, Musk supposedly saved $156 million by failing to disclose that he’d bought more than a 5 percent stake… Continue reading Twitter investors sue Elon Musk over stock manipulation claims
Tag: Tesla
Tesla moves to expand Gigafactory Berlin on new 250-acre land
Tesla has started to officially move to expand Gigafactory Berlin on a new 250-acre lot with the submission of the construction plan to the municipality. The automaker has just started production at the factory, and it is still having issues ramping things up, but that’s not stopping the company from already expanding the plant. Tesla… Continue reading Tesla moves to expand Gigafactory Berlin on new 250-acre land
Twitter shareholders sue Elon Musk and Twitter over chaotic deal
Since Musk’s acquisition bid, Twitter’s share price has dropped more than 12%, and Tesla’s is down about 28% as part of a broad sell-off in tech stocks. Go to Source
Drive I/O | Shanghai automakers hit by lockdowns, China’s new push for driverless cars
Top automakers such as Tesla and SAIC (Volkswagen’s partner in China) are slowly rolling towards a restart after weeks of shutdowns of their plants in Shanghai, China’s worst coronavirus outbreak site, in two years. Baidu and self-driving unicorn Pony.ai received permits to offer fully autonomous rides to the Beijing public in late April, the first… Continue reading Drive I/O | Shanghai automakers hit by lockdowns, China’s new push for driverless cars
Microsoft Exec Accused of Watching VR Porn in Front of Employees
Bizarre. Not Cool Microsoft’s team meetings sound like a nightmare. In a new Insider investigation, dozens of employees claim misconduct is rampant at the software giant, and often excused for the “golden boys” who make the company the most money. The report alleges that an executive named Alex Kipman, who leads a team that CEO Satya Nadella… Continue reading Microsoft Exec Accused of Watching VR Porn in Front of Employees
Twitter shareholder sues Elon Musk for tanking the company’s stock
A new lawsuit on behalf of Twitter shareholders was filed against Elon Musk in federal district court in San Francisco on Wednesday night, alleging that the Tesla CEO has actively manipulated the company’s stock for personal gain. The complaint focuses on Musk’s conduct since signing the purchase agreement with Twitter’s board on April 25th, particularly… Continue reading Twitter shareholder sues Elon Musk for tanking the company’s stock
Tesla, other EV companies ask for federal investment in heavy-duty truck charging
Tesla, along with other electric vehicle companies and environmental groups, asked the Biden administration to invest in charging infrastructure for electric buses, trucks, and other medium- and heavy-duty vehicles. The groups want the administration to allocate 10 percent of the money for electric vehicle charging in the bipartisan infrastructure bill signed last November — a… Continue reading Tesla, other EV companies ask for federal investment in heavy-duty truck charging
Video
BEIJING, May 26 (Reuters) – If global automakers think they can extend their dominance in China into the electric era, they may be in for a shock. Kings of the combustion age such as General Motors and Volkswagen are falling behind local players in the booming electric vehicle (EV) market in China, a country that’s… Continue reading Video
Luminar hires execs from Apple, Nvidia and Tesla
Luminar, the U.S. lidar company, is the latest to poach executives from Apple, Nvidia and Tesla in the continuing talent war in automated driving and autonomous vehicle technology. Christopher “CJ” Moore, director of autonomous systems at Apple and former director of Tesla’s Autopilot software, has joined Luminar as VP of software. Taner Ozcelik, founder of… Continue reading Luminar hires execs from Apple, Nvidia and Tesla
The 5 best home battery and backup systems of 2022
If you have a power outage and it looks like the power will be off for an extended period of time, you need backup power from a battery system or battery backup unit. You can either maintain power for a few hours with an air-cooled home generator that is powered by either gasoline or propane,… Continue reading The 5 best home battery and backup systems of 2022