Tesla has stopped a planned expansion of its Shanghai plant, sources told Reuters. Tesla will slow production in China because of tensions between the China and US, they said. The expanded Shanghai plant would have allowed Tesla to produce 200,000 extra vehicles, they said. See more stories on Insider’s business page. Tesla no longer intends… Continue reading Tesla has scrapped plans to expand its Shanghai Model 3 factory, and will slow production in China because of US-Beijing tensions, according to a report
Tag: Tesla
Dogecoin surges after Elon Musk hints Tesla could accept the meme-coin as payment
Yuriko Nakao/Getty Images; Britta Pedersen-Pool/Getty Images; Samantha Lee/Insider Dogecoin spiked by as much as 20% on Tuesday after Elon Musk tweeted a poll asking if his followers want Tesla to accept the cryptocurrency as payment, hinting that this could be a payment method for the electric-vehicle maker. The digital asset surged to 53 cents from… Continue reading Dogecoin surges after Elon Musk hints Tesla could accept the meme-coin as payment
Lidar startup Innovusion closes $64M round led by Temasek
More investors are joining the wave to bet on lidar, the remote sensing method that uses laser light to measure distances and has garnered ample interest from automakers in recent times. But it’s also a technology that has long been scorned by Elon Musk partly due to its once exorbitant costs. Innovusion, a five-year-old lidar… Continue reading Lidar startup Innovusion closes $64M round led by Temasek
Autopilot couldn’t have been engaged during fatal Tesla crash, NTSB says (TSLA)
The NTSB on Monday released a preliminary investigation into a fatal Tesla crash in April. The agency said its tests indicate Autopilot cannot be used on the road where the crash happened. Local police initially said there was no driver at the wheel when the accident occurred. See more stories on Insider’s business page. The… Continue reading Autopilot couldn’t have been engaged during fatal Tesla crash, NTSB says (TSLA)
The Station: Einride preps for a US expansion, Argo AI reveals its lidar specs and a Tesla Autopilot reality check
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello and welcome back to The Station, a weekly newsletter dedicated to all the ways people and packages move (today and in the future) from Point A to… Continue reading The Station: Einride preps for a US expansion, Argo AI reveals its lidar specs and a Tesla Autopilot reality check
Panasonic: profits depend on Tesla as client not competitor
Japanese electronics group may be upbeat but its reliance on carmaker remains a concern Go to Source
Tesla refutes Elon Musk’s timeline on ‘full self-driving’
What Tesla CEO Elon Musk says publicly about the company’s progress on a fully autonomous driving system doesn’t match up with “engineering reality,” according to a memo that summarizes a meeting between California regulators and employees at the automaker. The memo, which transparency site Plainsite obtained via a Freedom of Information Act request and subsequently… Continue reading Tesla refutes Elon Musk’s timeline on ‘full self-driving’
Tesla is set for another fight against unionization, this time over Gigafactory Berlin
Tesla is set for another fight against unionization, this time over Gigafactory Berlin. IG Metall, a powerful union in the German auto industry, confirmed that it wants to have a worker council at the factory. There have been several unionization efforts at Tesla over the years. For years, United Auto Workers (UAW) tried to unionize… Continue reading Tesla is set for another fight against unionization, this time over Gigafactory Berlin
Martinrea International Inc. Reports First-Quarter Results, Provides Long-Term Outlook, and Declares Dividend
TORONTO, May 06, 2021 (GLOBE NEWSWIRE) — Martinrea International Inc. (TSX : MRE), a diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems, today announced the release of its financial results for the first quarter ended March 31, 2021 and that it has… Continue reading Martinrea International Inc. Reports First-Quarter Results, Provides Long-Term Outlook, and Declares Dividend
Tesla has told a regulator that its ‘Full Self-Driving’ tech might not be ready by the end of the year
Tesla said its “Full Self-Driving” feature might be delayed, according to a memo seen by Reuters. Elon Musk has previously said he was “highly confident” that FSD could be achieved this year. The FSD feature, currently a $10,000 add-on, has proved dangerous for some drivers. See more stories on Insider’s business page. Tesla on Thursday… Continue reading Tesla has told a regulator that its ‘Full Self-Driving’ tech might not be ready by the end of the year