New York hedge fund stands to make over $5bn on Avis Budget share surge

Receive free Avis Budget Group Inc updates We’ll send you a myFT Daily Digest email rounding up the latest Avis Budget Group Inc news every morning. A New York hedge fund stands to make billions of dollars on a sudden leap in the shares of Avis Budget, the once ailing rental car company that catapulted… Continue reading New York hedge fund stands to make over $5bn on Avis Budget share surge

Elon Musk’s wealth is now three times more than that of Mukesh Ambani’s

Elon Musk There appears to be no ceiling for the growth in wealth of the world’s richest man and owner of Tesla Inc, Elon Musk. Monday’s over 8 per cent rally in shares of the electric vehicle company saw Musk’s wealth surge $9 billion in a day to over $311 billion. The surge in his… Continue reading Elon Musk’s wealth is now three times more than that of Mukesh Ambani’s

Tesla recalls 11,704 vehicles after identifying Full Self-Driving Beta software error

Tesla voluntarily recalled nearly 11,704 vehicles after identifying a software error that could cause a false forward-collision warning or unexpected activation of the automatic emergency brake system, the National Highway Traffic and Safety Administration said. All of the affected vehicles had early access to the automaker’s “Full Self-Driving Beta,” it’s advanced driver assistance system. The… Continue reading Tesla recalls 11,704 vehicles after identifying Full Self-Driving Beta software error

Autos & Transportation · 2:19 PM UTCMusk says Tesla has not signed a contract with Hertz yet, halts stock rallyTesla Inc’s top boss Elon Musk said the…

Nov 2 (Reuters) – Tesla Inc’s (TSLA.O) top boss Elon Musk said the company had not signed a contract with Hertz, more than a week after the car rental firm announced a massive deal with the electric carmaker. Tesla’s shares fell 4% in early trading on Tuesday, after a steep jump following the news of… Continue reading Autos & Transportation · 2:19 PM UTCMusk says Tesla has not signed a contract with Hertz yet, halts stock rallyTesla Inc’s top boss Elon Musk said the…

Elon Musk says Tesla has not signed Hertz deal

You’re welcome! If any of this is based on Hertz, I’d like to emphasize that no contract has been signed yet. Tesla has far more demand than production, therefore we will only sell cars to Hertz for the same margin as to consumers. Hertz deal has zero effect on our economics. — Elon Musk (@elonmusk)… Continue reading Elon Musk says Tesla has not signed Hertz deal

Musk says Tesla has not signed a contract with Hertz yet, halts stock rally

By Reuters Staff 2 Min Read Slideshow ( 2 images ) (Reuters) – Tesla Inc top boss Elon Musk said the electric carmaker had not signed a contract with Hertz, more than a week after the car rental firm announced a massive deal with the electric car company. Tesla’s shares fell 5% to $1,146 in… Continue reading Musk says Tesla has not signed a contract with Hertz yet, halts stock rally

Tesla recalls nearly 12,000 U.S. vehicles over software communication error

By David Shepardson 3 Min Read WASHINGTON (Reuters) – Tesla Inc is recalling nearly 12,000 U.S. vehicles sold since 2017 because a communication error may cause a false forward-collision warning or unexpected activation of the emergency brakes, the National Highway Traffic Safety Administration (NHTSA) said Tuesday. FILE PHOTO: A Tesla logo on a Model S… Continue reading Tesla recalls nearly 12,000 U.S. vehicles over software communication error

Autos & Transportation · 11:20 AM UTCTesla recalls nearly 12,000 U.S. vehicles over software communication errorTesla Inc is recalling nearly 12,000 U…

A Tesla logo on a Model S is photographed inside of a Tesla dealership in New York, U.S., April 29, 2016. REUTERS/Lucas Jackson/File Photo/File Photo WASHINGTON, Nov 2 (Reuters) – Tesla Inc is recalling nearly 12,000 U.S. vehicles sold since 2017 because a communication error may cause a false forward-collision warning or unexpected activation of… Continue reading Autos & Transportation · 11:20 AM UTCTesla recalls nearly 12,000 U.S. vehicles over software communication errorTesla Inc is recalling nearly 12,000 U…