Elon Musk isn’t about to catch a hoped-for break from the SEC any time soon. Sources for The Wall Street Journal claim the SEC is investigating whether Musk and his brother Kimbal violated insider trading regulations with recent share sales. Officials are concerned Elon might have told Kimbal he planned to ask Twitter followers about… Continue reading SEC opens investigation into Elon Musk over possible insider trading
Tag: Tesla
Ford CEO calls out NIO and Tesla as the competition ‘it must beat,’ denies rumors of splitting ICE and EVs into separate businesses
Ford’s Chief Executive Officer, Jim Farley, recently spoke during a virtual auto tech conference held by Wolfe Research, in which he spoke about Ford’s plans for the future. During the webcast, the Ford CEO specifically named Tesla and NIO as its biggest competitors, vowing to beat them. He also denied previously reported rumors about Ford’s… Continue reading Ford CEO calls out NIO and Tesla as the competition ‘it must beat,’ denies rumors of splitting ICE and EVs into separate businesses
Temasek-backed Ola Electric plans to build battery plant in India
Softbank Group-backed Ola Electric plans to build a battery cell manufacturing plant in India with a capacity of up to 50 gigawatt hours (GWh), a source told Reuters, as part of its broader electrification push. Ola will need 40 Gwh of battery capacity to meet its annual target to produce 10 million electric scooters and the remainder will be for electric cars,… Continue reading Temasek-backed Ola Electric plans to build battery plant in India
Tesla Recalls Cars With Full Self-Driving to Prevent Rolling Stops
Tesla is recalling 54,000 cars equipped with its Full Self-Driving software to disable a feature that in certain conditions lets the vehicles roll slowly through intersections without stopping. The move comes after the automaker was criticized on social media for enabling “rolling stops” in violation of traffic regulations. “Failing to stop at a stop sign… Continue reading Tesla Recalls Cars With Full Self-Driving to Prevent Rolling Stops
Tesla announces new investment in Gigafactory Shanghai on road to 1 million electric cars per year
Tesla announced a new investment to expand production at Gigafactory Shanghai on the road to achieving a production capacity of 1 million electric cars per year at the factory. Last year, CEO Elon Musk disclosed that Gigafactory Shanghai has now surpassed Fremont Factory in production capacity, and Tesla has made the Chinese factory its new main… Continue reading Tesla announces new investment in Gigafactory Shanghai on road to 1 million electric cars per year
@Toyota: Off-Chain Credit Data Meets On-Chain Loans: Our Investment in Teller
As a former chief privacy officer and privacy wonk, I understand and appreciate the value of data, privacy, compliance, and governance. The Fair Credit Reporting Act of 1970 (FCRA) is a favorite law of mine (for those of us that collect favorite pieces of legislation). The FCRA wisely refrains from restricting the availability of data,… Continue reading @Toyota: Off-Chain Credit Data Meets On-Chain Loans: Our Investment in Teller
BYD zooms past Tesla in China’s electric-car market
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EV batteries: just swap them
One of the very few drawbacks of electric vehicles is the charge time. But what if we could swap batteries rather than plug them in? Swapping electric vehicle (EV) batteries isn’t new, Tesla came up with the concept in 2013, but back then individual EV owners didn’t take to the idea. Solving long-haul “range anxiety”… Continue reading EV batteries: just swap them
LG Ensol and Samsung SDI to increase density of small cylindrical batteries by 10%
Next standard model of 21700to be released within the yearImprove electric vehicle space utilizationExpected to improve competitiveness of domestic batteries LG Energy Solution and Samsung SDI willlaunch the next generation ofsmall cylindrical (standard 21700) batteries, with 10% increased energy density. Their strategy is to upgrade their current flagship 4.8~5.0Ah products to 5.3~5.6Ah by the end… Continue reading LG Ensol and Samsung SDI to increase density of small cylindrical batteries by 10%
Volkswagen Is Considering a Plan to Spin Off Porsche in an I.P.O.
Volkswagen said it was considering hiving off its profitable Porsche division into a separate company with its own stock listing. The transaction would help the automaker raise money to invest in electric vehicles while also potentially returning more control of the high-performance carmaker to descendants of its founder. Volkswagen preferred shares, the most widely traded,… Continue reading Volkswagen Is Considering a Plan to Spin Off Porsche in an I.P.O.