Elon Musk warned Tesla staff Tuesday that the company’s high-flying could crash if profits don’t continue to grow. He said shares could fall like a soufflé under a sledgehammer. Tesla reported its fourth consecutive quarterly profit in October, and is expected to report its first annual profit this year. Shares of Tesla have risen more… Continue reading Elon Musk warns Tesla staff that its stock could ‘get crushed like a soufflé under a sledgehammer’ if the company isn’t careful about spending (TSLA)
Tag: Electric vehicles
Volkswagen unveils ‘Mission T’ to catch up to Tesla — and has tapped a Porsche race-car engineer to help make it happen (TSLA, VW)
Volkswagen’s CEO is facing a vote of confidence from the automaker’s board this week. Herbert Diess has reportedly ruffled feathers internally as he pushed for corporate change and more investment in electric vehicles. In a new blog post, he outlined how Volkswagen formed ‘Mission T’ to take on Tesla and electrify all its brands. Visit… Continue reading Volkswagen unveils ‘Mission T’ to catch up to Tesla — and has tapped a Porsche race-car engineer to help make it happen (TSLA, VW)
The rise and fall of the Nikola Badger, the all-electric Cybertruck rival that never was
Nikola Motor Company’s Badger all-electric pickup truck was one of the most highly anticipated products from the startup, and on the EV market as a whole. The company also got the attention of General Motors, which partnered with it in a $2 billion deal to build the Badger. But 2020 saw fraud allegations and a… Continue reading The rise and fall of the Nikola Badger, the all-electric Cybertruck rival that never was
@VW Group: Across Germany: endurance test with ID.3(((ID.3 – combined power consumption in kWh/100 km (NEDC): 15.4-14.5, CO2 emissions in g/km: 0; efficiency class: A+.))) covering 28,198 kilometres between Oberstdorf and Sylt
“If you’re open-minded, you can have plenty of fun with an electric car like the ID.3,” Rainer Zietlow says. And he should know because Zietlow, originally from Mannheim, and his companion Dominic Brüner from Hannover spent 65 days travelling the length and breadth of Germany to test the long-distance capabilities of the new Volkswagen model… Continue reading @VW Group: Across Germany: endurance test with ID.3(((ID.3 – combined power consumption in kWh/100 km (NEDC): 15.4-14.5, CO2 emissions in g/km: 0; efficiency class: A+.))) covering 28,198 kilometres between Oberstdorf and Sylt
@VW Group: Audi is using augmented reality to increase efficiency in logistics planning
Audi relies on augmented reality (AR) to plan complex logistics processes: Virtual presentation of three dimensional holograms that are shown in their actual environment helps planners to better evaluate the future situation. Because of this, prototypes of containers or equipment, etc., which are elaborate to produce, are no longer necessary. Audi uses the new generation… Continue reading @VW Group: Audi is using augmented reality to increase efficiency in logistics planning
VW seeks to avert crisis after CEO demands confidence vote
By Jan Schwartz, Edward Taylor 5 Min Read FRANKFURT (Reuters) – Volkswagen, the world’s largest vehicle maker by sales, risked a leadership crisis on Tuesday after Chief Executive Herbert Diess forced a vote of confidence in his reform efforts by asking for an early contract extension. FILE PHOTO: Volkswagen Group Chief Executive Officer Herbert Diess… Continue reading VW seeks to avert crisis after CEO demands confidence vote
Tesla CEO says he is open to friendly deal with rival carmaker
By Reuters Staff 1 Min Read FILE PHOTO: SpaceX owner and Tesla CEO Elon Musk looks on after arriving on the red carpet for the Axel Springer award, in Berlin, Germany, December 1, 2020. REUTERS/Hannibal Hanschke/Pool FRANKFURT (Reuters) – Tesla Chief Executive Elon Musk on Tuesday said he was open to discussing a merger of… Continue reading Tesla CEO says he is open to friendly deal with rival carmaker
Electric Car Maker Claims Elon Musk Crashed Its EV Into a Brick Wall
Three-Wheeled Crash The founder of Arcimoto, a company producing peppy electric three-wheeled electric vehicles in Oregon, claims that Tesla CEO Elon Musk crashed one of its cars into a brick wall in the fall of 2019. “Elon is the very first one to ever crash an Arcimoto, a production Arcimoto,” CEO Mark Frohnmayer told Galileo Russell,… Continue reading Electric Car Maker Claims Elon Musk Crashed Its EV Into a Brick Wall
Tesla whistleblower Martin Tripp ordered to pay $400,000 to settle hacking case
Martin Tripp, the former Tesla worker who has been embroiled in a bitter legal battle with CEO Elon Musk for over two years, was ordered to pay his former employer $400,000 after admitting to leaking confidential information to a reporter. The settlement is intended to bring an end to one of the more sordid stories… Continue reading Tesla whistleblower Martin Tripp ordered to pay $400,000 to settle hacking case
Mercedes-Benz Bank offers insurance especially for electric vans
01.
December 2020
Stuttgart
Mercedes-Benz Bank is boosting the attractiveness of the transition to sustainable mobility with eVan insurance. The coverage has been adapted for electric vehicles so that the charging cable, wallbox, and battery are also covered, among other items. A 15 percent discount on the insurance premium is granted. Stuttgart. Effective immediately, Mercedes-Benz Bank, together with the insurance partner R+V/KRAVAG, is offering new insurance policies especially for electric vans[1]. Customers thus profit from modules that have been specially adapted to the requirements and characteristics of electric vehicles. The full coverage insurance, for example includes cover for inductive charging plates, charging cables and wallboxes, disposal costs for the battery, and replacement value cover for the vehicle and the battery[2]. In addition, the scope of cover also includes modules from the classic van insurance such as coverage of brake damage, breakdowns, and breaka..