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Tesla stages US$386-billion comeback as Musk focuses on AI The chief executive managed to get investors to pay more mind to the automaker’s AI potential than its sluggish sales Bloomberg News This year has been a testament to Elon Musk’s ability to lead Tesla Inc.’s shares into and out of trouble. It’s been a volatile time even …
Tesla Stages US$386-Billion Comeback as Musk Focuses on AI Read More »
Positions span artificial intelligence specialists to more run-of-the-mill service jobs Bloomberg News Tesla Inc. is looking to hire nearly 800 new employees, three months after chief executive Elon Musk hastily ordered the largest round of layoffs in the company’s history. The roles have steadily popped up on Tesla’s careers page in recent weeks, with positions spanning artificial intelligence specialists to …
Tesla Goes on a Hiring Spree after Musk-Ordered Mass Layoffs Read More »
Washington, D.C., July 10, 2024 (GLOBE NEWSWIRE) — New polling conducted nationally and across eight presidential and senate battleground states shows strong opposition among likely voters to government policies designed to ban new gas-powered vehicles and, further, that supermajorities of likely voters say this policy issue will be important to them when deciding which elected officials to …
The lawyers who challenged the pay plan argue that their unusual request to be compensated in stock rather than cash benefits Tesla Bloomberg News The judge who voided Elon Musk’s record-setting Tesla Inc. pay package must now make another momentous decision — whether the lawyers who took the case to trial should be paid what may be the …
Judge Who Voided Elon Musk’s Pay to Rule on US$7B in Legal Fees Read More »
Tariffs on Chinese imports could make things worse by reducing competition and increasing costs Financial Times Clint and Rachel Wells had reasons to consider buying an electric vehicle when it came to replacing one of their cars. But they had even more reasons to stick with gasoline. The couple live in Normal, Ill., which has enjoyed an …
Why Americans Are Not Buying More Electric Vehicles Read More »
Deal is a financial lifeline for Rivian as automakers rethink strategies in a slowing EV market Bloomberg News Volkswagen AG is taking another swing in its long struggle to catch up with Tesla Inc., plowing US$5 billion into a tie-up with that company’s closest would-be rival, Rivian Automotive Inc. VW and Rivian are set to jointly develop battery-powered …
VW Latches Onto Rivian in US$5 billion EV Pact to Catch up to Tesla Read More »
Bloomberg News The EV maker announced weaker-than-expected earnings and plans to cut 15 per cent of its workforce Fisker Inc. filed for bankruptcy on Monday, months after the electric-vehicle startup stopped production of its only model, the oft-malfunctioning Ocean SUV. The company listed between US$500 million and US$1 billion of assets, and between US$100 million and US$500 million of …
Troubled Electric Vehicle Maker Fisker Files for Bankruptcy Read More »
The nation’s largest oil trade group, which includes Exxon Mobil and Chevron, will file a federal lawsuit on Thursday seeking to block the Biden administration’s efforts to reduce planet-warming emissions from cars and light trucks and encourage electric vehicle manufacturing, the group said. The U.S. Environmental Protection Agency issued new tailpipe emission rules in March that will force …
Largest U.S. Oil Trade Group to Sue to Block Biden’s EV Push Read More »
The billionaire said it was difficult for him to answer questions that are ‘of such a significant nature’ Bloomberg News Tesla Inc. chief executive Elon Musk doesn’t want to talk about whether he’s committed to bringing a low-cost electric vehicle to market, or the carmaker’s rough last few months. Elon Musk Visits Troubled Tesla Gigafactory Near Berlin The CEO largely …
Tesla CEO Musk Refuses to Commit to Cheaper Electric Vehicles Read More »
The collateral damage from decelerating EV adoption will be far wider than the energy transition. Electric vehicles have swiftly gone from a rare bright spot in the fight against climate change to a cause for concern. A slowdown in EV adoption has potentially huge implications for the energy transition. It also has ramifications for the many financial institutions that …
UNSOLD: Slowing EV Sales Are Upending Banker Climate Strategies Read More »
