Tag: Tesla

Chinese EV battery maker CATL extends deal with Tesla

BEIJING, June 28 (Reuters) – Chinese electric vehicle battery maker CATL (300750.SZ) said on Monday it has extended a battery supply deal with U.S. EV maker Tesla Inc (TSLA.O) to 2025. Ningde-based CATL said in a stock exchange filing that it would supply battery cells to Tesla, which is making Model 3 sedans and Model… Continue reading Chinese EV battery maker CATL extends deal with Tesla

Tesla’s recall of 285,000 cars in China is a ‘black-eye moment’ for the EV maker — but that won’t derail its strong prospects, Wedbush says

Tesla Inc CEO Elon Musk speaks at an opening ceremony for Tesla China-made Model Y program in Shanghai. Reuters Tesla’s recall of most of its cars delivered in China won’t derail its growth prospects, according to Wedbush. Analyst Dan Ives said the incident is a clear “black-eye moment” for Tesla, already having reputational issues in… Continue reading Tesla’s recall of 285,000 cars in China is a ‘black-eye moment’ for the EV maker — but that won’t derail its strong prospects, Wedbush says

Tesla is recalling around 285,000 vehicles in China because drivers are switching on its Autopilot feature by accident. It plans to update the software remotely.

Tesla will update software on about 285,000 vehicles in China, a state regulator said on Saturday.  Autopilot software will be updated on some Model 3 and Y vehicles, Reuters reported. Drivers “easily activate the cruise control function by mistake,” the regulator said, AFP reported. See more stories on Insider’s business page. About 285,000 Tesla vehicles… Continue reading Tesla is recalling around 285,000 vehicles in China because drivers are switching on its Autopilot feature by accident. It plans to update the software remotely.

Panasonic unloads entire Tesla stake

OSAKA — Panasonic sold its entire stake in key battery customer Tesla — a holding worth around 400 billion yen ($3.6 billion) — last fiscal year, Nikkei learned Friday. The move gives the Japanese company billions of dollars to fund new strategic investments, such as the $7.1 billion purchase of U.S. software company Blue Yonder.… Continue reading Panasonic unloads entire Tesla stake

Tesla battery supplier Panasonic sold its entire TSLA stake for an insane profit

Panasonic, Tesla’s main battery supplier, confirmed that it sold its entire stake in the electric automaker, and it claims that it won’t change its relationship. Believe it or not, there was a time when Tesla had issues convincing battery suppliers to sell them cells. No one had put cylindrical li-ion battery cells in an electric… Continue reading Tesla battery supplier Panasonic sold its entire TSLA stake for an insane profit

Panasonic sells Tesla stake for $3.6 billion

A logo of Panasonic Corp is pictured at the Combined Exhibition of Advanced Technologies at the Makuhari Messe in Chiba, Japan, October 2, 2017. REUTERS/Toru Hanai/File Photo Panasonic wants to reduce reliance on Tesla Panasonic seeks to raise cash for investing in growth Sale will not change relationship – Panasonic spokesperson TOKYO, June 25 (Reuters)… Continue reading Panasonic sells Tesla stake for $3.6 billion

Chinese EV maker Xpeng to list on Hong Kong Stock Exchange …

Chinese electric-vehicle maker Xpeng Inc said on Thursday it was looking to list its common shares on the Hong Kong Stock Exchange as part of a global offering to raise as much as $2 billion. After the proposed listing, Xpeng‘s Class A ordinary shares in Hong Kong will be convertible with its American depositary shares (ADS) that are… Continue reading Chinese EV maker Xpeng to list on Hong Kong Stock Exchange …

Elon Musk Dumped Radar for Tesla’s Self-Driving Cars. His A.I. Chief Explains Why.

Reuters Videos Nasdaq jumps to record high The Nasdaq closed at its highest level – ever – on Tuesday, as Federal Reserve Chairman Jerome Powell told lawmakers the Fed is keeping an eye on inflation but is still a long way from removing crisis-era assistance to the economy.The Dow rose 68 points. The S&P 500… Continue reading Elon Musk Dumped Radar for Tesla’s Self-Driving Cars. His A.I. Chief Explains Why.

Sputtering Nissan-Renault alliance stirs shareholder unrest

TOKYO — Nissan Motor’s general shareholders meeting Tuesday spotlighted the struggles of the automaker’s alliance with Renault and Mitsubishi Motors, a partnership that initially promised to rival the likes of Toyota Motor and Volkswagen. Nissan CEO Makoto Uchida apologized to investors for the gap that has opened between Nissan and its rivals, and also for… Continue reading Sputtering Nissan-Renault alliance stirs shareholder unrest