Tesla sues former engineer for allegedly passing tech secrets to Chinese rival Xiaopeng March 22, 2019 Tesla has accused a former employee of stealing trade secrets and handing them over to a Chinese rival. Elon Musk’s firm has filed a lawsuit alleging one of its former engineers, Guangazhi Cao, copied the source code for its Autopilot self-driving technology before joining Chinese startup Xiaopeng Motors. Read more: Tesla launches new Model Y [...]
Tesla launches new Model Y to enter SUV market March 15, 2019 Tesla has officially launched its second mass-market car, the Model Y. The electric vehicle was unveiled in Los Angeles on Thursday with the company announcing that the first release will be a long-range version at a price of $47,000 (£35,489). It will be able to travel up to 300 miles before it needs recharging, whereas [...]
‘Serious First Amendment issues’: Tesla CEO Elon Musk’s lawyers slam SEC’s latest attack on tweets March 12, 2019 Lawyers for Elon Musk say that the US financial regulator's claims that the Tesla chief executive violated a previous settlement by posting a tweet has serious implications for First Amendment issues. Read more: Regulator accuses Elon Musk of misleading investors with new Tesla tweet The Securities and Exchange Commission (SEC) had asked a New York [...]
Tesla hikes vehicle prices as it scales back drastic store closure plan March 11, 2019 Tesla will raise the prices of its high-end vehicles by roughly three per cent as it scales back a controversial plan to close most of its stores. The electric car manufacturer said the price hike will apply to the more expensive variants of the Model 3, as well as Model S and X, but not [...]
Futuristic entrepreneurs are helping us reach for the stars March 11, 2019 Houston, there is no problem. America is back in the space race. “We’re really at the forefront,” says US President Trump. “Nobody is doing what we’re doing.” He’s right. But in a break with tradition, the US is now leaning on its entrepreneurs, rather than the Federal Reserve, to fund its interplanetary aspirations. The latest [...]
Space X unmanned capsule splashes down after space centre mission March 8, 2019 An unmanned capsule from Elon Musk’s Space X has splashed down successfully in the Atlantic Ocean after a short-term stay on the International Space Station. The landing marks the end of the first orbital test mission as NASA looks to resume human space travel from US soil this year. Read more: Space X Dragon capsule successfully [...]
Space X Dragon capsule successfully docks with International Space Station March 3, 2019 A capsule launched by Elon Musk’s Space X successfully docked with the International Space Station (ISS) today as part of its demonstration mission. The Dragon vehicle made the attachment autonomously having launched on Saturday from Kennedy Space Center in Florida. The 4.9 metre tall capsule contained a dummy called Ripley and 90kg of supplies. It [...]
Space X launches unmanned crew capsule to International Space Station in step forward for sending humans into orbit March 2, 2019 Elon Musk’s Space X on Saturday took a giant leap forward in its quest to resume human space flight from US soil, launching a rocket with an unmanned crew capsule towards the International Space Station. Space X’s 4.9 metre tall Crew Dragon capsule, on a Falcon 9 rocket, lifted off from the Kennedy Space Center [...]
Tesla shares drop as Elon Musk outlines plan to close stores and move sales online in bid to cut car prices March 1, 2019 Tesla is set to close most of its physical locations as it shifts worldwide sales online, it said today, sending shares down almost eight per cent to 295p. Read more: Regulator accuses Elon Musk of misleading investors with new Tesla tweet The stores will not close immediately but are expected to “wind down” over the [...]
Regulator asks court to hold Elon Musk in contempt as another Tesla tweet lands him in hot water February 26, 2019 The Securities and Exchange Commission (SEC) has asked a judge to hold Tesla billionaire Elon Musk in contempt over a fresh tweet the regulator believes could have misled investors. Musk told his followers on 19 February that “Tesla made 0 cars in 2011, but will make around 500k in 2019”. Read more: Elon Musk denies [...]