Elon Musk and the EU’s Internal Market chief Thierry Breton met on Monday, May 9, at Tesla Giga Texas. The two hinted at reaching an agreement on the EU’s digital media regulation ahead of Musk’s Twitter takeover. Breton shared a clip of his meeting with Elon Musk on Twitter. He noted that Musk’s plans for Twitter seemed […]
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A Tesla owner in China who purchased one of the company’s vehicles and claimed it had faulty brakes admitted the story was fabricated today in an issued apology on a Chinese social media network. Tesla fended off many instances of misinformation campaigns in China over the past two years, many of which were owners stating […]
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Volkswagen AG’s CEO Herbert Diess is one of the key reasons the automotive group has become Europe’s best-selling electric vehicle brand in 2022, but the frontman of the German automotive giant admits he was blindsided when Tesla’s speed and preparation were among the company’s biggest advantages. “I have to say we didn’t expect our main […]
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Lordstown Motors (NASDAQ: RIDE) announced on Monday it would delay the sale of its Ohio manufacturing plant to Foxconn by four days. The company also stated it would need an additional $150 million in capital to begin boosting production of its initial vehicle, the Endurance, an all-electric pickup truck. The announcement of the delay in […]
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Tesla CEO Elon Musk is reportedly set to meet with Indonesian President Joko Widodo as early as this week to discuss electric vehicle supply chain development in the Southeast Asian country. Tesla representatives traveled to Indonesia last week to discuss nickel production at a hub in the country, according to a report from Reuters. The reps, […]
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Elon Musk’s targets for Twitter — provided that his acquisition of the social media company is successful — are classic Musk. As per recent reports, Musk is looking to double Twitter’s revenue from subscriptions alone to $10 billion by 2028, twice the amount of the company’s total revenue last year. Apart from this, Musk is […]
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Tesla Gigafactory Berlin will be under a comprehensive inspection this month. The update was announced by the Ministry of the Environment, which noted that the electric vehicle production facility would be inspected from May 9 to May 20, 2022. The comprehensive inspection comes about a month and a half after Giga Berlin formally started vehicle […]
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Tesla has filed suit against former engineer Alexander Yatskov for allegedly stealing confidential information related to the company’s Project Dojo supercomputer, which the company will be using to train its self-driving neural networks. According to Tesla, Yatskov downloaded confidential and tightly guarded information about Dojo on his personal devices. What’s worse is that when Tesla […]
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The Tesla India team was reassigned to Asia-Pacific (APAC) and other markets. The team in India includes Sami Jain, who previously worked for Porsche on the legacy automaker’s electrification effort. It also included David Feinstein, who has been with Tesla for years and works with global and international businesses. Most of Tesla’s employees in India […]
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Ford plans to sell 8 million of its Rivian shares. The lockup period for Rivian’s IPO will expire on Sunday, May 8. The lockup period refers to when early investors cannot sell their shares after a company’s IPO. Sources told CNBC‘s David Faber that Ford will sell its Rivian shares through Goldman Sachs. JPMorgan Chase […]
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