Tesla CEO Elon Musk compared the chip shortage to the toilet paper buying frenzy in 2020. He said the supply snags have caused companies to “overorder” semiconductor chips. Tesla is reportedly in talks to stock up on the chips by buying in bulk ahead of time. See more stories on Insider’s business page. Tesla CEO… Continue reading Tesla CEO Elon Musk says the auto chip shortage is like the toilet paper frenzy last year, only worse (TSLA)
Tag: Tesla
Tesla uses its new social platform to try to help Delaware open up to electric cars
Tesla is using its new social platform, “Engage Tesla,” to help influence Delaware to support electric vehicles and direct car sales. Earlier this year, we reported that the automaker killed its forum and launched a new platform called “Engage Tesla” to serve as a “home base” for owners’ clubs and Tesla’s policy team. Now, we… Continue reading Tesla uses its new social platform to try to help Delaware open up to electric cars
Elon Musk compares chip shortage to toilet paper in the pandemic, admits it’s affecting Tesla
Elon Musk commented on the current global microchip, comparing it to the toilet paper shortage in the early pandemic, and admitted that it is a significant challenge for Tesla. The pandemic has resulted in an increase in demand for many electronics and computers that the supply chain couldn’t handle, especially the semiconductor industry. This microchip… Continue reading Elon Musk compares chip shortage to toilet paper in the pandemic, admits it’s affecting Tesla
Tesla aims to secure $1 billion a year in battery minerals from Australia
Tesla has confirmed through its chairwoman that the automaker is aiming to secure $1 billion a year in battery minerals, especially lithium and nickel, from Australia. Robyn Denholm, Tesla’s chairwoman who also happens to be Australia, was attending a Minerals Council of Australia event today and commented on the automaker’s effort to secure resources in… Continue reading Tesla aims to secure $1 billion a year in battery minerals from Australia
Tesla posts biggest drop in 3 weeks on market-share loss
The drop adds to the pressure on Tesla’s share price in recent months as investors eyed growing competitive threats Go to Source
Elon Musk Tweets About “Baby Shark,” Causing Financial Chaos
“Baby Shark crushes all!” Elon Shark Seemingly innocuous tweets by one of the richest people in the world should arguably be met with a dismissive shrug shake of the head. But when it’s Elon Musk, errant posts can send entire markets into a tailspin. In the latest instance, the Tesla CEO sent shares of Samsung… Continue reading Elon Musk Tweets About “Baby Shark,” Causing Financial Chaos
Tesla Owner Admits That Brake Failure Claims Were Made Up
A wave of Chinese Tesla owners are starting to come forward, admitting they staged “brake failures.” Hype Cycle A crackdown by Tesla’s legal team in China has led to a wave of public apologies by Chinese Tesla owners who previously alleged their vehicles experienced “brake failures,” Teslarati reports. Tesla has struggled recently to keep up… Continue reading Tesla Owner Admits That Brake Failure Claims Were Made Up
Why Xpeng Stock Is Higher Today
Reuters Explainer: Tesla drops radar; is Autopilot system safe? Tesla Inc has dropped radar sensors from its semi-autonomous driving system, Autopilot, raising concerns over the safety of the camera-only version, Tesla Vision. Tesla aims to make the driver-assist system fully self-driving, and many in that young industry are skeptical that a vision-only system will work,… Continue reading Why Xpeng Stock Is Higher Today
An EV company is planning a crypto-mining car that will dig for bitcoin and dogecoin while parked
Bitcoin mining is highly energy intensive. Jakub Porzycki/NurPhoto via Getty Images Canadian electric-vehicle maker Daymak is planning a car that will mine bitcoin while charging. It is intended to launch in 2023, and Daymak is accepting pre-order payments in cryptocurrencies. Critics have slammed bitcoin mining, however, as very energy intensive and bad for the environment.… Continue reading An EV company is planning a crypto-mining car that will dig for bitcoin and dogecoin while parked
Tesla has recalled nearly 6,000 Model 3 and Model Y vehicles over potentially loose brake caliper bolts
Nearly 6,000 Tesla Model 3 and Model Ys have been recalled because of potentially loose bolts, filings showed. Loose brake caliper bolts could cause a loss of tire pressure, Tesla said in the filing. Tesla said it would inspect, tighten, or replace the bolts as necessary. See more stories on Insider’s business page. Tesla has… Continue reading Tesla has recalled nearly 6,000 Model 3 and Model Y vehicles over potentially loose brake caliper bolts