By Christina Amann 3 Min Read MUNICH (Reuters) – BMW aims to return to its pre-pandemic operating margin target as the global economy recovers, but big investments in electric cars mean the automaker will have to simplify its vehicle portfolio, its finance chief told Reuters. Slideshow ( 3 images ) Nicolas Peter said orders had… Continue reading BMW targets higher margins while investing in electric cars
Tag: Tesla
Rivian uses one of Elon Musk’s favorite job-interview techniques to determine which candidates stand out from the pack (TSLA)
Rivian and Elon Musk note the amount of detail job seekers use to describe problems they’ve faced. To Musk, too little detail indicates you’re overstating the role you played. For Rivian, failing to give credit to coworkers suggests you’re not a team player. Visit Business Insider’s homepage for more stories. Rivian CEO RJ Scaringe and… Continue reading Rivian uses one of Elon Musk’s favorite job-interview techniques to determine which candidates stand out from the pack (TSLA)
Billionaire investor Seth Klarman lambasts the Fed for distorting markets — and says Tesla’s stock has surged ‘seemingly beyond all reason’
Seth Klarman, president and CEO of the The Baupost Group Getty Images/ Scott Olson Billionaire investor Seth Klarman warns stimulus and interest rates are masking market risks. The Baupost chief compared investors to “frogs in water that is slowly being heated to a boil.” Klarman added that Tesla stock has surged “seemingly beyond all reason.”… Continue reading Billionaire investor Seth Klarman lambasts the Fed for distorting markets — and says Tesla’s stock has surged ‘seemingly beyond all reason’
German Handelsblatt: Carbon dioxide emissions: Volkswagen just misses the EU’s CO2 target: a million-dollar fine threatens001143
Volkswagen misses emissions targets VW parking lot in Wolfsburg: The car company will only meet the EU emissions standards this year. (Photo: dpa) Düsseldorf The Volkswagen Group just missed the European fleet targets for carbon dioxide emissions. As the company announced on Thursday, the average value of all cars sold in Europe in the past… Continue reading German Handelsblatt: Carbon dioxide emissions: Volkswagen just misses the EU’s CO2 target: a million-dollar fine threatens001143
Tesla drops Model 3 prices in Europe
Tesla has reduced Model 3 prices in several European markets, which could be partly linked to exchange rate changes – though the correlation is not exactly consistent. Tesla in Europe Tesla has long been the leader in electric vehicles as the automaker was early in investing in mass volume production while major automakers were focusing… Continue reading Tesla drops Model 3 prices in Europe
Electric Car Maker BYD Seeks Up to $3.6 Billion in Placement
(Bloomberg) — BYD Co., a Chinese electric-vehicle manufacturer backed by Warren Buffett, is looking to raise as much as $3.6 billion from a sale of its Hong Kong-listed shares, capitalizing on rising demand for new-energy vehicles and a blistering stock rally. BYD is selling 121.1 million shares at HK$222 to HK$228 each, according to terms… Continue reading Electric Car Maker BYD Seeks Up to $3.6 Billion in Placement
Investors pump $125 million into EV charging startup Volta
Volta is riding a wave of investor enthusiasm for electric vehicles and related businesses. By Paul Lienert Volta, a San Francisco-based electric vehicle charging startup, said on Tuesday it had raised $125 million from investors. The Series D round brings Volta’s total funding to more than $200 million, the company said. Volta is riding a… Continue reading Investors pump $125 million into EV charging startup Volta
Elon Musk said it was ‘Not a Flamethrower’
After two days locked up in an Italian prison, American Max Craddock was finally able to make his case to a judge. “It’s not a weapon of war,” his lawyer told the investigating magistrate. “It’s a toy they sell to children.” Craddock had been arrested in the Sardinian port city of Olbia in June 2018… Continue reading Elon Musk said it was ‘Not a Flamethrower’
An electric-car battery that can be charged as fast as filling up your gas tank was just shown off by a startup
An electric-car battery that can be charged in five minutes was announced on Monday. Standard electric-vehicle batteries take about 8 hours to fully charge. The faster-charging capability would make EVs more accessible to the general public. Visit Business Insider’s homepage for more stories. An electric-car battery that can be charged in 5 minutes, the amount… Continue reading An electric-car battery that can be charged as fast as filling up your gas tank was just shown off by a startup
First look at Tesla’s new structural battery pack that will power its future electric cars
Electrek obtained the first picture of Tesla’s new structural battery pack with a honeycomb architecture that will power its future electric vehicles. Tesla structural battery pack At its Battery Day event last year, Tesla not only unveiled its new 4680 battery cell but also a new battery architecture built around the new cell. Inspired by… Continue reading First look at Tesla’s new structural battery pack that will power its future electric cars