Uber has laid off 100 self-driving car test drivers in Pittsburgh in the wake of a high-profile crash in Arizona.
Tag: Tesla
Ex-Tesla worker makes it official and blows the whistle to SEC
The former Tesla employee who was fired and then sued by the electric vehicle automaker has filed a formal whistleblower tip to the U.S. Securities and Exchange Commission alleging the company has misled investors and put its customers at risk. Martin Tripp has retained Meissner Associates, a whistleblower, securities, investment fraud and employment law firm to represent… Continue reading Ex-Tesla worker makes it official and blows the whistle to SEC
Tesla to build factory in Shanghai
Electric carmaker Tesla has signed an agreement with Chinese authorities to build a factory in Shanghai. The “Gigafactory” would be Tesla’s first outside of the US. It intends to be producing 500,000 vehicles within five years of construction, which is due to start in the “near future”, the company said in a statement. The move… Continue reading Tesla to build factory in Shanghai
After Tesla deal, Shanghai to speed up cancellation of foreign ownership limits
SHANGHAI (Reuters) – Shanghai will accelerate efforts to cancel restrictions on foreign investment in the auto manufacturing sector, a government official said on Wednesday, a day after Tesla (TSLA.O) said it would build a wholly owned auto plant in the city. FILE PHOTO: A woman sits in a Tesla Model 3 car during a media… Continue reading After Tesla deal, Shanghai to speed up cancellation of foreign ownership limits
UPDATE 2-After Tesla deal, Shanghai to speed up cancellation of foreign ownership limits
SHANGHAI (Reuters) – Shanghai will accelerate efforts to cancel restrictions on foreign investment in the auto manufacturing sector, a government official said on Wednesday, a day after Tesla (TSLA.O) said it would build a wholly owned auto plant in the city. FILE PHOTO: A woman sits in a Tesla Model 3 car during a media… Continue reading UPDATE 2-After Tesla deal, Shanghai to speed up cancellation of foreign ownership limits
Tesla ditches reservations, opens up Model 3 car sales to all customers in North America
Tesla is taking orders for its Model 3 electric sedans throughout the U.S. and Canada, no reservations required.
Tesla reaches deal to build electric vehicle factory in China
Tesla has reached a deal with the Shanghai government to build a factory capable of producing 500,000 electric vehicles a year. The factory would be the automaker’s second assembly plant and aimed at serving the alluring Chinese market. Tesla and the Shanghai Municipal People’s Government announced Tuesday they had signed the cooperative agreement. Tesla announced… Continue reading Tesla reaches deal to build electric vehicle factory in China
Tesla shares rise as carmaker plans massive China factory
Telsa is planning to build a large new plant in China, the company confirmed on Tuesday.
Tesla has signed an agreement to build a factory in Shanghai
The pop in Tesla’s share price is striking, he said, because the already cash-strapped Tesla just essentially made another financial commitment. “Even though a Gigafactory in China has been anticipated, now they have an agreement to finance the building of it,” he said. “That will put pressure on an already stressed balance sheet.” Even prior… Continue reading Tesla has signed an agreement to build a factory in
Shanghai
UPDATE 3-Tesla goes big in China with Shanghai plant
SHANGHAI (Reuters) – Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk on Tuesday landed a deal with Chinese authorities to build a new auto plant in Shanghai, its first factory outside the United States, that would double the size of the electric car maker’s global manufacturing. Elon Musk and Shanghai Mayor Ying Yong shake hands.… Continue reading UPDATE 3-Tesla goes big in China with Shanghai plant