Court Finds Tesla Guilty of Nerfing Battery Performance in Software Update

Tesla never showed up to court. Cannot Stop the Battery A court in Norway has found Tesla guilty of limiting charging speeds and battery capacity via software update, Electrek reports. Barring an appeal, Tesla will have to pay $16,000 to any Norwegian drivers whose Teslas were affected by the update — roughly 10,000 customers, according… Continue reading Court Finds Tesla Guilty of Nerfing Battery Performance in Software Update

Tesla Tests Luminar Sensor Musk Scorned as ‘Fool’s Errand’

(Bloomberg) — Tesla Inc., whose boss Elon Musk says he can develop a fully self-driving car without using laser-sensor technology, has a contract to use such sensors from Luminar Technologies Inc. for testing and development, according to people familiar with the matter. A photo of a Tesla Model Y with a roof rack of lidar… Continue reading Tesla Tests Luminar Sensor Musk Scorned as ‘Fool’s Errand’

Exclusive: Ford follows GM, VW with two new dedicated EV platforms by 2025 – sources

By Paul Lienert, Ben Klayman 4 Min Read DETROIT (Reuters) – Ford Motor Co will announce on Wednesday that it is developing two dedicated all-electric vehicle platforms, one for full-size trucks and SUVs, the other for cars and smaller SUVs, as part of a strategy to catch General Motors Co, Volkswagen AG and Tesla Inc… Continue reading Exclusive: Ford follows GM, VW with two new dedicated EV platforms by 2025 – sources

Why today is the golden age of the electric car startup — and the big automakers’ century of dominance may be at an end

Electric vehicles have far fewer parts and require less labor to build than gas cars.  EV startups are using special purpose acquisition corporations to tap the capital markets. New auto entrants must overcome barriers such as laws prohibiting company-owned stores. See more stories on Insider’s business page. Tucker, DeLorean, Kaiser-Frazer, Avanti. The American auto industry… Continue reading Why today is the golden age of the electric car startup — and the big automakers’ century of dominance may be at an end

A court ordered Tesla to pay $480,000 to Norwegian customers who say their cars’ battery life dropped after a software update, a report says

A Norwegian court ordered Tesla to compensate 30 Model S owners with $16,000 each, a report said. A software update on the cars slowed charging speeds and cut the battery range, the owners said. Tesla has until May 30 to pay, or it can appeal. See more stories on Insider’s business page. Tesla has been… Continue reading A court ordered Tesla to pay $480,000 to Norwegian customers who say their cars’ battery life dropped after a software update, a report says

Tesla sets up China site to store car data locally

U.S. electric vehicle maker Tesla Inc (TSLA.O) said on Tuesday it had established a site in China to store car data locally, as automakers come under growing scrutiny over how they handle information collected by vehicle cameras and sensors. Tesla said in a Weibo post that data generated by all cars it sells in China,… Continue reading Tesla sets up China site to store car data locally

China Tech Digest: Tesla Claims To Establish Data Center In China; Neolix Self-driving Delivery Vehicle Permitted To Operate On Road

Tesla: We have established a data center in China to achieve data storage localization Tesla stated on its official Weibo account that we have established a data center in China to localize data storage and will continue to add more local data centers. All data generated from the sales of vehicles in the Chinese mainland… Continue reading China Tech Digest: Tesla Claims To Establish Data Center In China; Neolix Self-driving Delivery Vehicle Permitted To Operate On Road

Apex.AI Names Former Deutsche Bank & Canoo Executive as Chief Financial Officer

PALO ALTO, Calif., May 25, 2021 /PRNewswire/ — Apex.AI, a company developing breakthrough safety-certified software for the automotive industry, announced today that Paul Balciunas has been named Chief Financial Officer, effective immediately. In his role, Balciunas will lead fundraising efforts that will enable Apex.AI to expand its product offerings to new areas in addition to… Continue reading Apex.AI Names Former Deutsche Bank & Canoo Executive as Chief Financial Officer

Musk says he supports crypto in battle with fiat money (May 22)

(This May 22 story corrects paragraph six to make clear Musk called “dogecoin” a hustle, not bitcoin) Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk tweeted on Saturday that in a battle between fiat and cryptocurrencies, his support is with crypto. “The true battle is between fiat & crypto. On balance, I support the latter,”… Continue reading Musk says he supports crypto in battle with fiat money (May 22)