NEW YORK (Reuters) – Tesla on Thursday reached an agreement to settle a class action lawsuit with buyers of its Model S and Model X cars who alleged that the company’s assisted-driving Autopilot system was “essentially unusable and demonstrably dangerous.” FILE PHOTO: A Tesla Model S car is seen in a showroom in Santa Monica,… Continue reading UPDATE 2-Tesla settles class action lawsuit over ‘dangerous’ Autopilot system
Tag: Tesla
Whatever happened to that $35,000 Tesla Model 3 you still can’t buy?
Tesla As tax credits threaten to run out and more powerful and expensive versions launch, buyers are still waiting Tesla’s Model 3 … has Elon Musk bitten off more than he can chew? Photograph: Tesla This week saw Tesla’s enigmatic chief executive Elon Musk take to Twitter to announce two more powerful, and more expensive,… Continue reading Whatever happened to that $35,000 Tesla Model 3 you still can’t buy?
UAW: Elon Musk's tweet violates federal labor law
CLOSE Elon Musk criticized the news media for what he described as irresponsible reporting and suggested he would launch a website to assess the legitimacy of reporters. Time Tesla CEO Elon Musk unveils the new Tesla factory in Fremont, Calif., in 2010. Next to him is the Tesla electric car Model S sedan. (Photo: Paul… Continue reading UAW: Elon Musk's tweet violates federal labor law
UPDATE 3-Uber disabled emergency braking in self-driving car -U.S. agency
WASHINGTON (Reuters) – Uber [UBER.UL] had disabled an emergency braking system in a self-driving vehicle that struck and killed a woman in Arizona in March after failing to identify the pedestrian, the National Transportation Safety Board said in a preliminary report released on Thursday. FILE PHOTO: U.S. National Transportation Safety Board (NTSB) investigators examine a… Continue reading UPDATE 3-Uber disabled emergency braking in self-driving car -U.S. agency
UPDATE 1-UAW accuses Musk of threatening Tesla workers over unionization
(Reuters) – The United Auto Workers union (UAW) has filed a complaint accusing Tesla Inc (TSLA.O) Chief Executive Elon Musk of illegally threatening to take away benefits from workers who join the union. FILE PHOTO: Elon Musk listens at a press conference following the first launch of a SpaceX Falcon Heavy rocket at the Kennedy… Continue reading UPDATE 1-UAW accuses Musk of threatening Tesla workers over unionization
Rivian Automotive Closes Financing Round of $200 Million
author: Eric Walz Rivian Automotive, an automotive technology company developing electric SUVs and pickup trucks has secured $200 million of debt financing from Standard Chartered Bank, adding to the financing Rivian has already secured from other investors, including Sumitomo Corporation of Americas (SCOA). RJ Scaringe, Founder and Chief Executive Officer of Rivian, stated, “This latest… Continue reading Rivian Automotive Closes Financing Round of $200 Million
Uber is building a flying taxi technology center in Paris
Uber Uber has wildly ambitious plans to send flying taxis soaring over cities, but building them will be orders of magnitude harder than anything it has ever done. As such, the company announced that it will open a Paris lab dedicated to its Elevate program called the Advanced Technologies Center in Paris (ATCP). Uber will… Continue reading Uber is building a flying taxi technology center in Paris
Flight of the Valkyries.
The serially loss-making Aston Martin Holdings Ltd. is purring again. At least, that’s the conclusion you might draw from the few financial figures the luxury carmaker hands out to journalists each quarter. Revenue jumped by half last year thanks to swish new models such as the DB11. The private-equity and Kuwaiti-owned company’s 87 million pounds ($116 million) of… Continue reading Flight of the Valkyries.
Toyota to ramp up hydrogen fuel cell vehicle sales around 2020
TOKYO (Reuters) – Toyota Motor Corp (7203.T) on Thursday said it plans to set up a facility to mass manufacture hydrogen fuel cell stacks, a key component of fuel cell vehicles, as it seeks to ramp up production of hydrogen-powered cars and expand their usage as a zero-emission alternative to gasoline vehicles. Employees of Toyota… Continue reading Toyota to ramp up hydrogen fuel cell vehicle sales around 2020
Upstarts emerge to chase Tesla’s lead in electric vehicles
A slew of well-funded new entrants backed by massive amounts of capital are chasing Tesla’s lead in an effort to power the next generation of the electric vehicle industry. Electric vehicle startups have raised more than $2 billion in the U.S. over the first months of 2018 alone, a huge increase over the $650 million… Continue reading Upstarts emerge to chase Tesla’s lead in electric vehicles