Tesla’s effort to build a new Gigafactory near Berlin has had a few hiccups, but it seems to be going smoothly overall. However, it looks like the automaker might have to battle with IG Metall, a powerful union in Germany. Elon Musk came to Berlin earlier this week and got showered with compliments by German… Continue reading Tesla and powerful German union prepare for a fight over Gigafactory Berlin workforce
Tag: Tesla
Tesla CEO Elon Musk says he’d be open to merger talks with a rival. ‘We’d certainly have that conversation.’
Tesla CEO Elon Musk said Tuesday that he would be open to discussing a merger with a rival automaker. “We’d certainly have that conversation,” he told Mathias Döpfner, CEO of Business Insider parent company Axel Springer. But Tesla wouldn’t launch a “hostile takeover,” he said. Tesla faced hostility from its rivals when he started out,… Continue reading Tesla CEO Elon Musk says he’d be open to merger talks with a rival. ‘We’d certainly have that conversation.’
Elon Musk would consider having Tesla acquire a legacy automaker
Elon Musk would consider leveraging Tesla’s mega $554 billion market cap to buy a legacy automaker, but only if it was on friendly terms, the billionaire entrepreneur said Tuesday in a wide-ranging interview with Axel Springer CEO Mathias Döpfner. Musk, who received an award Tuesday from the media giant, discussed his various interests and businesses,… Continue reading Elon Musk would consider having Tesla acquire a legacy automaker
Elon Musk warns Tesla staff that its stock could ‘get crushed like a soufflé under a sledgehammer’ if the company isn’t careful about spending (TSLA)
Elon Musk warned Tesla staff Tuesday that the company’s high-flying could crash if profits don’t continue to grow. He said shares could fall like a soufflé under a sledgehammer. Tesla reported its fourth consecutive quarterly profit in October, and is expected to report its first annual profit this year. Shares of Tesla have risen more… Continue reading Elon Musk warns Tesla staff that its stock could ‘get crushed like a soufflé under a sledgehammer’ if the company isn’t careful about spending (TSLA)
Volkswagen unveils ‘Mission T’ to catch up to Tesla — and has tapped a Porsche race-car engineer to help make it happen (TSLA, VW)
Volkswagen’s CEO is facing a vote of confidence from the automaker’s board this week. Herbert Diess has reportedly ruffled feathers internally as he pushed for corporate change and more investment in electric vehicles. In a new blog post, he outlined how Volkswagen formed ‘Mission T’ to take on Tesla and electrify all its brands. Visit… Continue reading Volkswagen unveils ‘Mission T’ to catch up to Tesla — and has tapped a Porsche race-car engineer to help make it happen (TSLA, VW)
VW seeks to avert crisis after CEO demands confidence vote
By Jan Schwartz, Edward Taylor 5 Min Read FRANKFURT (Reuters) – Volkswagen, the world’s largest vehicle maker by sales, risked a leadership crisis on Tuesday after Chief Executive Herbert Diess forced a vote of confidence in his reform efforts by asking for an early contract extension. FILE PHOTO: Volkswagen Group Chief Executive Officer Herbert Diess… Continue reading VW seeks to avert crisis after CEO demands confidence vote
Tesla CEO says he is open to friendly deal with rival carmaker
By Reuters Staff 1 Min Read FILE PHOTO: SpaceX owner and Tesla CEO Elon Musk looks on after arriving on the red carpet for the Axel Springer award, in Berlin, Germany, December 1, 2020. REUTERS/Hannibal Hanschke/Pool FRANKFURT (Reuters) – Tesla Chief Executive Elon Musk on Tuesday said he was open to discussing a merger of… Continue reading Tesla CEO says he is open to friendly deal with rival carmaker
Electric Car Maker Claims Elon Musk Crashed Its EV Into a Brick Wall
Three-Wheeled Crash The founder of Arcimoto, a company producing peppy electric three-wheeled electric vehicles in Oregon, claims that Tesla CEO Elon Musk crashed one of its cars into a brick wall in the fall of 2019. “Elon is the very first one to ever crash an Arcimoto, a production Arcimoto,” CEO Mark Frohnmayer told Galileo Russell,… Continue reading Electric Car Maker Claims Elon Musk Crashed Its EV Into a Brick Wall
Tesla whistleblower Martin Tripp ordered to pay $400,000 to settle hacking case
Martin Tripp, the former Tesla worker who has been embroiled in a bitter legal battle with CEO Elon Musk for over two years, was ordered to pay his former employer $400,000 after admitting to leaking confidential information to a reporter. The settlement is intended to bring an end to one of the more sordid stories… Continue reading Tesla whistleblower Martin Tripp ordered to pay $400,000 to settle hacking case
Former Tesla employee to pay $400,000 to end lawsuit over tips to reporters
By Jonathan Stempel 2 Min Read FILE PHOTO: The Tesla logo is seen on a car at Tesla’s new showroom in Manhattan’s Meatpacking District in New York City, U.S., Dec. 14, 2017. REUTERS/Brendan McDermid/File Photo (Reuters) – A former Tesla Inc factory employee will pay Elon Musk’s electric car maker $400,000 after it accused him… Continue reading Former Tesla employee to pay $400,000 to end lawsuit over tips to reporters