Hibernating snakes are complicating Elon Musk’s plans for a gigafactory near Berlin. A German court has told the U.S. billionaire’s electric vehicle company Tesla to suspend clearing of a forest at the site of the proposed factory after environmentalists said that cutting down more trees could endanger hibernating snakes. “The Landesumweltamt (state environmental authority) and Tesla will now be… Continue reading Tesla ordered to stop cutting down trees at its Berlin factory construction site because of hibernating snakes (TSLA)
Tag: Tesla
Tesla retreats from record highs after announcing share sale of up to $5 billion (TSLA)
Odd Andersen/AFP via Getty Images Tesla retreated from record all-time-highs on Tuesday after the electric vehicle manufacturer announced a $5 billion “at-the-market” share offering. The “at-the-market” offering allows Tesla to sell up to $5 billion worth of stock directly into the public markets at its discretion, taking advantage of potential price swings on specific days. … Continue reading Tesla retreats from record highs after announcing share sale of up to $5 billion (TSLA)
Tesla was ordered to pay a Model S buyer $175,000 for hiding structural damage on a pre-owned car (TSLA)
A Beijing court ordered Tesla to pay $175,000 to a secondhand Model S buyer for concealing crash damage, Chinese outlet Caixin reported. The buyer discovered that parts of the car were welded together after it broke down multiple times, Caixin said. The used cars Tesla sells are supposed to exhibit “no evidence of structural repairs,”… Continue reading Tesla was ordered to pay a Model S buyer $175,000 for hiding structural damage on a pre-owned car (TSLA)
Uber sells self-driving unit Uber ATG in deal that will push Aurora’s valuation to $10B
Aurora Innovation, the autonomous vehicle startup backed by Sequoia Capital and Amazon, has reached an agreement with Uber to buy the ride-hailing firm’s self-driving unit in a complex deal that will value the combined company at $10 billion. Aurora is not paying cash for Uber ATG, a company that was valued at $7.25 billion following… Continue reading Uber sells self-driving unit Uber ATG in deal that will push Aurora’s valuation to $10B
Tesla gives deadline to Roadster referral discount winners ahead of finally delivering new Supercar
Tesla is contacting owners who referred enough new buyers through their referral program to get a discount on a new Roadster to let them know about a new deadline. Could this finally mean production is coming? Tesla Referral Program Tesla’s referral program has changed a lot over the years. It went from a relatively high… Continue reading Tesla gives deadline to Roadster referral discount winners ahead of finally delivering new Supercar
Fisker to enter UK market in 2023 with Ocean electric SUV
Fisker, maker of the Ocean electric SUV that’s due to launch in 2022, has announced plans to enter the UK market in 2023. The American start-up firm, headed by Danish engineer and entrepreneur Henrik Fisker, will first set up is first ‘consumer experience centre’ in London in 2022 to allow potential buyers to get up close and personal… Continue reading Fisker to enter UK market in 2023 with Ocean electric SUV
ATLIS Motor Vehicles Expands Leadership Team With Industry Experts
MESA, Ariz., Dec. 7, 2020 /PRNewswire/ — Atlis Motor Vehicles (ATLIS), a start-up mobility technology company that is developing an electric work truck and the batteries and motors to drive it, announced today the addition of two new members to its leadership team that is comprised of experts in multiple disciplines, such as mathematics, physics, artificial… Continue reading ATLIS Motor Vehicles Expands Leadership Team With Industry Experts
About 150 Cadillac dealers would rather leave the brand than sell EVs
Sponsored Links GM Dealerships might hamper GM’s plans to electrify its cars. Wall Street Journal tipsters claim that roughly 150 GM dealerships in the US have decided to drop the Cadillac brand and accept a buyout (ranging from $300,000 to over $1 million) rather than spend about $200,000 to upgrade the dealerships with charging stations,… Continue reading About 150 Cadillac dealers would rather leave the brand than sell EVs
Tesla’s racially diverse workforce is led mostly by white men, internal report shows
Tesla’s top leadership positions skew white and male with just 4% of those roles going to Black employees, according to the company’s first diversity and inclusion report released Friday. The report shows that overall the company, which has factories in California, Nevada and New York, has a workforce that includes women as well as Black,… Continue reading Tesla’s racially diverse workforce is led mostly by white men, internal report shows
Elon Musk reportedly plans to move to Texas
Tesla and SpaceX CEO Elon Musk is planning to move from California to Texas, a move that would potentially save him from a huge personal income tax bill, CNBC reported. Musk announced in July that Tesla was building its next US factory in Austin, where it will produce its Cybertruck, Model Y, Model 3, and… Continue reading Elon Musk reportedly plans to move to Texas