Dana Hull and Tom Metcalf, Bloomberg News Published 6:17 p.m. ET May 7, 2018 Tesla Inc.’s Elon Musk (Photo: Stephan Savoia / AP, file) Tesla Inc.’s Elon Musk is putting some money where his trash-talking mouth is. The chief executive officer bought about $9.85 million worth of Tesla shares on Monday, his biggest purchase since… Continue reading Musk buys $9.85M in Tesla stock after taunting shorts
Tag: Tesla
UPDATE 3-Uber sets safety review; media report says software cited in fatal crash
(Reuters) – Uber Technologies Inc [UBER.UL] on Monday said it has retained a former top U.S. transportation official to advise it on safety after a fatal self-driving crash in March, but it declined to comment on a technology website’s report that a software flaw was responsible for the accident. The Uber logo is displayed on… Continue reading UPDATE 3-Uber sets safety review; media report says software cited in fatal crash
Fire at Mercedes-Benz supplier affects local production
By Jason Morton Staff Writer Explosions and a large fire at a parts supplier for Mercedes-Benz U.S. International has slowed production at the automobile manufacturing plant. The blaze broke out in the early morning hours of Wednesday at a manufacturing plant for Meridian Magnesium Products for America in Eaton Rapids, Michigan. In a letter to employees that… Continue reading Fire at Mercedes-Benz supplier affects local production
China’s BYD, US Hybrid to develop first-ever hydrogen electric bus
China’s leading electric vehicle maker BYD announced Wednesday to team with US Hybrid Corporation to develop a hydrogen fuel cells battery-electric bus.[Photo/IC] LOS ANGELES – China’s leading electric vehicle maker BYD announced Wednesday to team with US Hybrid Corporation to develop a hydrogen fuel cells battery-electric bus. According to a press release of BYD (Build… Continue reading China’s BYD, US Hybrid to develop first-ever hydrogen electric bus
Tesla reportedly locks out contractors in midst of Model 3 ramp up
Last Wednesday, during Tesla’s earnings call, we learned that CEO Elon Musk planned to restructure the company and to cut the number of contractors used at Tesla’s factories. That day came suddenly this morning. Electrek reported this morning that it had obtained an internal memo from Musk noting that contractors’ time was up, and that… Continue reading Tesla reportedly locks out contractors in midst of Model 3 ramp up
BRIEF-Tesla Says We Continually Evaluate Capital Expenditure Needs & May Raise Additional Capital To Fund Growth Of Business
May 7 (Reuters) – Tesla Inc: * TESLA, GIVING NO TIMEFRAME, SAYS WE CONTINUALLY EVALUATE CAPITAL EXPENDITURE NEEDS & MAY RAISE ADDITIONAL CAPITAL TO FUND GROWTH OF BUSINESS – SEC FILING Source text: [bit.ly/2FRNCLs] Further company coverage: Our Standards:The Thomson Reuters Trust Principles. Go to Source
Automobili Pininfarina Will Deliver an Electric Hypercar in 2020
The famous Italian styling house won’t just design cars for others any more—it’ll make them itself. @MAROCCIAPHOTO Pininfarina has decades of esteemed automotive design under its belt. Its current Indian ownership, Mahindra & Mahindra concluded that it was time for Pininfarina to graduate from design alone, and begin selling cars under its own name. On… Continue reading Automobili Pininfarina Will Deliver an Electric Hypercar in 2020
Top Automotive Industry News for Week of April 30 – May 6, 2018
Here is the most important news associated with the automotive industry identified by the AEA for the week April 30, 2018 – May 6, 2018. We hope it helps you stay up to speed on the key developments in our industry: -Automotive Manufacturing News- All new cars and SUVs sold in the US must now… Continue reading Top Automotive Industry News for Week of April 30 – May 6, 2018
Pininfarina: why the design house is making an electric supercar
At Palazzo Barberini in the heart of Rome earlier this month, a handful of billionaires, multimillionaires and, tagging along some distance behind, representatives of the world’s automotive press had their first look at a new £1.7 million hypercar. In the imposingly grand surroundings of the 17th-century palace, now repurposed as a fine art gallery, those… Continue reading Pininfarina: why the design house is making an electric supercar
Tesla teases a potential giant new record-breaking 1 GWh energy storage project to be announced soon
Tesla has recently deployed several very large energy storage projects, but a new one could apparently dwarf them all. There was an important detail that came out of Tesla’s Q1 conference call but was mostly overlooked: Elon Musk teased a potential giant 1 GWh energy storage project, which would make it the biggest in the world by… Continue reading Tesla teases a potential giant new record-breaking 1 GWh energy storage project to be announced soon