420 Gecs Tesla is about to get into the auto insurance game, CEO Elon Musk announced Wednesday. On a call with investors, Musk said that Tesla is in the process of “building” what he called a “major insurance company,” Business Insider reports. By the end of the year, he hopes to have launched in a… Continue reading Elon Musk Says Tesla Is Launching an Insurance Company
Tag: Tesla
Tesla plans two new electric cars after Cybertruck, Musk tentatively confirms
Elon Musk has tentatively confirmed that Tesla plans two new electric cars, including a compact electric car, to come after Cybertruck. After unveiling the Cybertruck, Musk said that the electric pickup truck is Tesla’s last new product for ‘awhile’. Yet, Tesla has recently given some indications that they are planning some other electric vehicles in… Continue reading Tesla plans two new electric cars after Cybertruck, Musk tentatively confirms
Hyundai Motor second-quarter beats estimates, but warns of long road to market recovery
SEOUL (Reuters) – Hyundai Motor Co (005380.KS) reported a smaller-than-expected drop in profit on high-margin domestic sales and said, while demand should pick up soon, the pace of recovery will be slow due to the impact of the coronavirus pandemic. FILE PHOTO: An employee wearing a mask to prevent contracting the coronavirus disease (COVID-19) waits… Continue reading Hyundai Motor second-quarter beats estimates, but warns of long road to market recovery
‘Please mine more nickel,’ Musk urges as Tesla boosts production
BEIJING/MELBOURNE, July 23 (Reuters) – Tesla Inc boss Elon Musk urged miners to produce more nickel, a key ingredient in the batteries that power the company’s electric cars, warning the current cost of batteries remained a big hurdle to the company’s growth. “Tesla will give you a giant contract for a long period of time… Continue reading ‘Please mine more nickel,’ Musk urges as Tesla boosts production
Elon Musk on Tesla Self-Driving: ‘I can almost go from my house to work with no intervention’
Elon Musk said that he is testing Tesla’s latest alpha built of its self-driving system and claim that he can “almost” go from his house to work without intervention. Last year, Musk announced Tesla’s plan to deploy 1 million “Robotaxi” vehicles for a self-driving ride-sharing network by the end of 2020. The goal is to improve… Continue reading Elon Musk on Tesla Self-Driving: ‘I can almost go from my house to work with no intervention’
Elon Musk hints at Tesla Roadster production in California within 12-18 months
Elon Musk made a rare comment about Tesla Roadster production, which had been delayed a few times, and he hinted at a start to production in California within 12 to 18 months. When Tesla first unveiled the new Roadster in 2017, Musk said that it was coming in 2020. While Tesla never officially delayed the… Continue reading Elon Musk hints at Tesla Roadster production in California within 12-18 months
Tesla Will Build ‘GigaTexas’ to Crank Out Cybertrucks
Everything’s bigger in Texas, including Tesla, which said Wednesday that it will officially open its largest factory yet in the Lone Star State. “GigaTexas” will span a nearly 2,000-acre site near Austin, just 15 minutes from the city’s downtown and five minutes from its airport. On a call with investors to discuss its most recent… Continue reading Tesla Will Build ‘GigaTexas’ to Crank Out Cybertrucks
Electric bus maker Proterra considers deal to go public: sources
(Reuters) – U.S. electric bus manufacturer Proterra Inc is considering going public through a merger with a blank-check company, eschewing the traditional initial public offering that it explored last year, according to people familiar with the matter. Burlingame, California-based Proterra would become the latest electric vehicle maker to merge with a special purpose acquisition company… Continue reading Electric bus maker Proterra considers deal to go public: sources
@Geely: Thu 23 Jul 2020Lotus to establish new advanced technology centre at University of Warwick’s Wellesbourne Campus Read more
• Lotus Cars will establish a new advanced technology centre in Wellesbourne, UK • Lotus Engineering – the consultancy division of Group Lotus – will also base its HQ at the new site • The facility represents a new partnership between Lotus and WMG (formerly Warwick Manufacturing Group) at the University of Warwick • … Continue reading @Geely: Thu 23 Jul 2020Lotus to establish new advanced technology centre at University of Warwick’s Wellesbourne Campus Read more
It’s official — Tesla picks Austin, Texas as the location for its new $1 billion Cybertruck factory (TSLA)
Tesla will build its newest factory in Austin, Texas, the company said Wednesday. Tulsa, Austin, and other cities had fiercely competed in recent months to win the $1 billion investment. Eventually, the plant will make Tesla’s Cybertruck and hire up to 5,000 workers, the company said. Visit Business Insider’s homepage for more stories. It’s official… Continue reading It’s official — Tesla picks Austin, Texas as the location for its new $1 billion Cybertruck factory (TSLA)