China Evergrande in talks with Xiaomi consortium to sell EV unit stake-sources

Smartphone maker Xiaomi has been ramping up investments in EV suppliers after it unveiled its EV ambition with an investment of $10 billion in March, following its peers from Apple Inc to Huawei Technologies Co as they bet on more cars becoming battery-powered and smart. HONG KONG/SHANGHAI: Embattled Chinese property developer Evergrande Group is in… Continue reading China Evergrande in talks with Xiaomi consortium to sell EV unit stake-sources

Toyota to reduce production in Japan and North America due to chip shortage

Toyota said Thursday that it would reduce production in Japan and North America due to a shortage of semiconductor chips, a sign that even the best-run supply chains are being affected by the shortage. In Japan, the automaker will reduce production by 40 percent later this month and into September, which will affect most of… Continue reading Toyota to reduce production in Japan and North America due to chip shortage

Ample raises $160M to scale its battery swapping service

San Francisco-based Ample has raised a $160 million Series C to scale its battery swapping service, the largest round yet for the 8-year-old startup that wants to completely rethink how we use electric vehicles. Ample’s approach is relatively straightforward: Cars equipped with the company’s modular battery pack can drive into one of Ample’s automated charging… Continue reading Ample raises $160M to scale its battery swapping service

Tesla’s ‘neural net’ is set to be the star of Elon Musk’s AI day (TSLA)

Tesla’s AI day comes just days after NHTSA launched a probe into its Autopilot system. The event will provide updates on Tesla’s self-driving technology and serve as a recruitment opportunity. Here’s what experts expect Elon Musk and other executives to discuss at the event on Thursday. Loading Something is loading. Tesla’s AI day, set for… Continue reading Tesla’s ‘neural net’ is set to be the star of Elon Musk’s AI day (TSLA)

Tesla Model S and Model Y customers are suffering months-long delivery delays, report says

Customers waiting for Tesla Model S and Model Y cars are experiencing long delays, CNBC reports. One Model S Plaid customer was told to expect their car in March, but still doesn’t have it. A Tesla worker told CNBC that staff are scared to ask for more information on what’s causing delays. Loading Something is… Continue reading Tesla Model S and Model Y customers are suffering months-long delivery delays, report says

Global funds are pessimistic about Apple, Amazon, Microsoft, Tesla, and other stocks, Bank of America says. These are the 10 they’re piling into instead.

Bank of America notes that stocks that funds are overweight in tend to outperform, and vice versa. Chinese stocks saw massive outflows from funds in July as regulatory pressures ramped up. Here are the 10 stocks that funds are most overweight in right now, according to Bank of America. See more stories on Insider’s business… Continue reading Global funds are pessimistic about Apple, Amazon, Microsoft, Tesla, and other stocks, Bank of America says. These are the 10 they’re piling into instead.

Tesla AI Day might rely on ‘one more thing’ moment to be impactful

Tesla is holding its ‘AI Day’ today and the automaker might have to rely on a ‘one more thing’ moment for the presentation to be impactful and move the needle. Over the last few years, Tesla started holding events, not really to unveil new products, but to present new technologies that it has been working… Continue reading Tesla AI Day might rely on ‘one more thing’ moment to be impactful

How to calculate an electric vehicle’s charge costs

One of the challenges people have with electric vehicles is figuring out how much they cost to operate. The price of fully charging an electric vehicle’s battery can vary wildly depending on when and where you charge it. For the bigger picture, you should also include the amortized cost of buying and installing a home… Continue reading How to calculate an electric vehicle’s charge costs

Do Not Attempt To Imitate This Video of a Tesla Forging Floodwaters

But if you do, make sure to get it on video. Swimming Tesla Yet another Tesla driver has attempted to take their vehicle for a swim. In a video shared by the Twitter account Tesla Owners of Silicon Valley, a Tesla can be seen wading through several feet of flood waters. The Tesla easily shrugged… Continue reading Do Not Attempt To Imitate This Video of a Tesla Forging Floodwaters

Technology · August 18, 2021 · 10:05 PM UTCMusk’s ‘AI Day’ confronts tough questions about Tesla’s technologyAt Tesla’s “Autonomy Day” event in April …

The TESLA logo is seen outside a dealership in the Brooklyn borough of New York City, U.S., April 26, 2021. REUTERS/Shannon Stapleton SAN FRANCISCO, Aug 18 (Reuters) – At Tesla’s “Autonomy Day” event in April 2019, Chief Executive Elon Musk said that by mid-2020 Tesla (TSLA.O) would have over a million self-driving vehicles where riders… Continue reading Technology · August 18, 2021 · 10:05 PM UTCMusk’s ‘AI Day’ confronts tough questions about Tesla’s technologyAt Tesla’s “Autonomy Day” event in April …