“Yup, he’s a great leader! He motivates us to do great work.” Dear Leader If you take a ride on Loop, Elon Musk’s underground tunnel transportation system in Las Vegas, you might get a bizarrely rosy portrait of the enigmatic megabillionaire during your journey. That’s because The Boring Company provides drivers — yes, the high-tech… Continue reading Elon Musk Employees Are Instructed to Tell People He’s “Awesome” and “Inspiring”
Tag: Tesla
China’s CATL unveils sodium-ion battery as EV popularity rises
BEIJING (Reuters) — China’s CATL on Thursday became the first major automotive battery maker to unveil a sodium-ion battery, saying it planned to set up a supply chain for the new technology in 2023. As electric vehicles become increasingly popular, demand for key battery ingredients, particularly cobalt, has spiked. That has spurred car and battery… Continue reading China’s CATL unveils sodium-ion battery as EV popularity rises
Nikola founder charged with securities fraud
In Southern District of New York federal court on Thursday, Nikola founder Trevor Milton was charged with securities fraud. The charges allege that Milton made a series of materially false claims which portrayed the electric vehicle company Nikola as far closer to releasing a functional product than it actually was, and raising more than $500… Continue reading Nikola founder charged with securities fraud
LG Chem profit surges on pandemic demand, EV battery sales improve
The logo of LG Chem is seen at its office building in Seoul, South Korea, October 16, 2020. REUTERS/Kim Hong-Ji SEOUL, July 29 (Reuters) – South Korea’s LG Chem Ltd (051910.KS) on Thursday posted a four-fold surge in quarterly profit on pandemic-led demand for its chemicals used in making electronic products such as laptops and… Continue reading LG Chem profit surges on pandemic demand, EV battery sales improve
LG Chem’s Q2 profit handily beats estimates on lawsuit money
The logo of LG Chem is seen at its office building in Seoul, South Korea, October 16, 2020. REUTERS/Kim Hong-Ji SEOUL, July 29 (Reuters) – LG Chem Ltd (051910.KS) posted a four-fold surge in second-quarter profit that trumped market expectations, helped by settlement payments from legal disputes with its rival SK Innovation Co Ltd (096770.KS)… Continue reading LG Chem’s Q2 profit handily beats estimates on lawsuit money
Hyundai Motor, LG’s battery unit to invest $1 billon in EV partnership
Construction of the plant will start in the fourth quarter of 2021 and will be completed by the first half of 2023, the companies said. South Korea’s Hyundai Motor Group and LG Energy Solution said on Thursday they would set up a joint venture (JV) in Indonesia to establish a battery cell plant for electric… Continue reading Hyundai Motor, LG’s battery unit to invest $1 billon in EV partnership
Elon Musk offers more details about the opening of Tesla’s Superchargers
The news that Tesla will open up its proprietary Supercharging network to drivers of other electric vehicles is a hugely important development for the EV industry, but there are many questions about how the transition will be achieved. During the company’s Q2 earnings conference call, Elon Musk released some more details about Tesla’s plans (and… Continue reading Elon Musk offers more details about the opening of Tesla’s Superchargers
Battery recycling firm Redwood raises $700 million from big fund managers
By Paul Lienert 2 Min Read (Reuters) -Battery recycling startup Redwood Materials has raised $700 million from a group of high-profile fund managers, including T. Rowe Price, Baillie Gifford and Fidelity, the company said on Wednesday. FILE PHOTO: Attendees look at a Tesla Model X powered by Panasonic batteries during the 2018 CES at the… Continue reading Battery recycling firm Redwood raises $700 million from big fund managers
Analysis-Tesla hikes electric car prices in U.S.; holds line in China
(Reuters) – Tesla Inc showed signs this week of divergent strategies in the world’s two biggest automotive markets, raising prices to boost profit margins in the United States while keeping prices steady in China and hoping to grow sales there. FILE PHOTO: A Tesla sales and service center is shown in Costa Mesa, California, U.S.… Continue reading Analysis-Tesla hikes electric car prices in U.S.; holds line in China
Tesla (TSLA) launches major shift in retail strategy: cheaper locations, remote working, and more
Tesla (TSLA) is currently implementing a major shift in its retail strategy, according to sources familiar with the matter. The automaker will move away from showrooms in fancy malls, and instead it will focus on cheaper locations, remote managing of test drive fleet, and delivery centers. Tesla’s confusing retail strategies Since Tesla doesn’t use the… Continue reading Tesla (TSLA) launches major shift in retail strategy: cheaper locations, remote working, and more