Tesla did not immediately respond to a request seeking more details on the tweet. It has previously said the factory would create some 10,000 jobs. Tesla Inc Chief Executive Officer Elon Musk said on Thursday that the electric carmaker’s new vehicle factory in Austin, Texas would involve an investment of more than $10 billion over… Continue reading Musk says Tesla’s Texas factory is $10 bln investment over time
Tag: Tesla
Rivian warns supply issues to hit 2021 production, shares fall 10%
By Akash Sriram, Nivedita Balu 2 Min Read Dec 17 (Reuters) – Rivian Automotive Inc shares fell 10% in premarket trading on Friday, after the electric pick-up truck maker’s first result as a listed company highlighted the challenges it is likely to face in ramping up production to take on EV leader Tesla Inc. Rivian… Continue reading Rivian warns supply issues to hit 2021 production, shares fall 10%
Tesla expands its real-time data car insurance product to Illinois
Tesla has now expanded the availability of its real-time data car insurance product to car owners in Illinois. It’s now the third state to get Tesla Insurance and the second one with the more recent product based on real-time data from the drivers. Tesla Insurance Tesla had already introduced its own insurance product in California,… Continue reading Tesla expands its real-time data car insurance product to Illinois
Musk sells shares worth nearly $14 bln
Elon Musk, CEO of Tesla Tesla Inc Chief Executive Officer Elon Musk has sold nearly $14 billion worth of shares since early November when the world’s richest person polled Twitter users about offloading 10% of his stake in the electric-car maker. The billionaire sold another 934,091 shares for $884.1 million on Thursday to pay for… Continue reading Musk sells shares worth nearly $14 bln
Rivian, an E.V. maker with big ambitions but few sales, will build a new factory in Georgia.
Rivian Automotive, an electric vehicle company that had an initial public offering last month, said on Thursday that it planned to spend $5 billion to build its second factory, in Georgia. The announcement, which came on the same day that Rivian said it lost $1.2 billion in the three months ending in September, was the… Continue reading Rivian, an E.V. maker with big ambitions but few sales, will build a new factory in Georgia.
Waymo says self-driving car that struck pedestrian in San Francisco was in manual mode
A Waymo self-driving Jaguar I-Pace that struck a pedestrian in San Francisco on Wednesday evening was in manual mode, the company told TechCrunch in response to an initial report posted on Reddit. Waymo says the vehicle was in manual mode at the time, meaning the human safety driver who was behind wheel was actually driving.… Continue reading Waymo says self-driving car that struck pedestrian in San Francisco was in manual mode
Elon Musk: Tesla plans to invest over $10 billion in Gigafactory Texas, employ 20,000 workers
Elon Musk says that Tesla plans to invest over $10 billion in Gigafactory Texas and will eventually employ 20,000 workers. Tesla is expected to start Model Y production at Gigafactory Texas in Austin any day now. The new factory is critical to Tesla’s expansion plans in the US. Currently, Tesla sells every car it can… Continue reading Elon Musk: Tesla plans to invest over $10 billion in Gigafactory Texas, employ 20,000 workers
Tesla Model S prototype spotted with new charge port and taillights
A Tesla Model S prototype has been spotted with a new charge port and taillights near the Fremont factory. It could be an upcoming update or the European version. Tesla started producing a refreshed version of the Model S just six months ago with a completely new interior, refreshed exterior features, and updated powertrain. That’s… Continue reading Tesla Model S prototype spotted with new charge port and taillights
Biden’s highway safety pick vows to reduce US traffic deaths
Washington – President Joe Biden’s pick to run the nation’s highway safety agency pledged Thursday to attack a crisis of fatal car crashes by implementing safety rules to deter impaired driving while scrutinizing fast-emerging automated technologies, such as in Tesla vehicles, that could put people at risk. Steven Cliff, a former California pollution regulator, said… Continue reading Biden’s highway safety pick vows to reduce US traffic deaths
Musk says Tesla’s Texas factory is $10 billion investment over time
Tesla Inc. founder Elon Musk speaks in Hawthorne, California, U.S. December 18, 2018. Robyn Beck/Pool via REUTERS//File Photo Register now for FREE unlimited access to Reuters.com Register Dec 16 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk said on Thursday that the electric carmaker’s new vehicle factory in Austin, Texas would involve an… Continue reading Musk says Tesla’s Texas factory is $10 billion investment over time