Chinese electric vehicle (EV) maker Nio is looking to unveil a new model this month under its mass-market brand, along with another, smaller model targeting a sub-$30,000 price tag for one expected to be unveiled next year. Nio officially launched its website for the Onvo mass-market brand, teasing the upcoming L60 as the company’s first […]
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Waymo, the driverless ride-hailing company owned by Google parent company Alphabet, is now looking to begin testing in a number of new cities in the San Francisco Bay Area, following the company’s approval to expand gained earlier this year. After Waymo gained official approval to expand operations to Los Angeles and other parts of the […]
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Tesla’s Senior Vice President of Automotive is reportedly moving back into a position in China, after leaving the country to help with the automaker’s global operations last year. Tesla’s SVP Automotive Tom Zhu was transferred from Gigafactory China to the current position at Giga Austin last year to help with the U.S. plant’s production ramp. […]
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Tesla has launched a new round of layoffs as part of its massive cost-cutting offensive, trimming multiple facets of its business as it navigates between two major growth waves. Several weeks ago, Tesla started laying off employees in an effort to save money as it navigates through questionable economic times in its business. While Tesla […]
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Tesla’s Optimus humanoid robot seems poised to receive a significant upgrade later this year. As per a recent comment from CEO Elon Musk, Optimus’ hands will be upgraded to have 22 degrees of freedom (DoF). That’s already very close to a human’s hands, which have 27 degrees of freedom. Tesla released a new video of […]
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Morgan Stanley analyst Adam Jonas recently shared some thoughts after personally experiencing FSD (Supervised) V12.3.6. Jonas seemed quite impressed with the advanced driver-assist system, noting that it becomes cautious or assertive when it should be. He also noted that the improvements from FSD (Supervised) V12.3.4 to V12.3.6 are quite evident. Jonas noted that the version of FSD that he recently experienced included minor tweaks, […]
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Elon Musk believes it is an “obvious move” for legendary investor Warren Buffett to buy Tesla stock. Buffett is one of the most successful investors in recent memory and has let the market dictate nearly every decision he makes, including his McDonald’s breakfast choice. It was revealed that Buffett recently let go of 115 million […]
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Hyundai is investing nearly $1billion to develop self-driving technology through Motional, an autonomous driving startup. “Hyundai Motor Group decided to obtain stable management rights in Motional to proactively develop autonomous driving technology and internalize core technology,” said the South Korean automaker. Hyundai and Aptiv, an Irish-American automotive technology company, established Motional in March 2020. Hyundai […]
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One of Tesla’s largest individual shareholders has spoken out against CEO Elon Musk and his stake in the company, as investors vote on the CEO’s recently rejected 2018 pay package. After a Delaware judge ruled in favor of a shareholder in a lawsuit in January, officially voiding Musk’s 2018 compensation package worth $55.8 billion, Tesla […]
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Electric ride-hailing company Revel sees Tesla’s abandoned Supercharger projects in New York as an opportunity, as it considers whether it should build out its own charging stations at the already-powered sites. After Tesla laid off Supercharging executives and their entire department last week, many plans for Supercharger sites have reportedly been abandoned, leaving room for […]
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