Tesla investigating social media video of one of its cars catching fire in Shanghai April 22, 2019 Electric car marker Tesla has said it is investigating a video that is circulating on Chinese social media which appears to show one of its most popular vehicles catching fire. The video shows a stationary Tesla car, identified as the Model S, erupting into flames while in a car park in Shanghai on Sunday evening. Tesla [...]
Four Tesla directors to leave company in board streamlining April 20, 2019 Tesla has announced that four of the eleven members on its board will be leaving the company over the next two years in a move to increase efficiency. In a regulatory filing, the company said that Brad Buss, Antonio Gracias, Stephen Jurvetson, and Linda Johnson Rice would not be standing for re-election in the annual meetings [...]
Elon Musk channels a sheep as he and English Rural Life museum swap pictures April 18, 2019 The Museum of English Rural Life has adopted Elon Musk's Twitter display picture, after the Tesla CEO decided to take their sheep image and start answering tweets about Tesla cars with sheep puns. Now visitors to the page of the Museum of English Rural Life will be greeted with Musk's face in a joke that continues [...]
Former VW boss Martin Winterkorn faces criminal charges for emissions scandal April 15, 2019 German prosecutors have charged former chief executive of Volkswagen Martin Winterkorn with fraud for his alleged part in the car maker’s diesel emissions testing scandal. Read more: Volkswagen to build Tesla-style gigafactories for electric car batteries Today, just a stone’s throw away from the firm’s Wolfsburg base, prosecutors in Braunschweig said they were pressing charges [...]
Volkswagen to build Tesla-style gigafactories as it ramps up electric car production April 15, 2019 Volkswagen is pushing its electric battery suppliers to build factories with at least one Gigawatt manufacturing capacity, according to its chief executive. Read more: Panasonic reviews plans for expansion of Tesla Gigafactory Joint venture partners such as South Korean firm SK Innovation (SKI) would need to build a so-called gigafactory because “anything below that amount [...]
Facebookers prepare to take the bus as National Express buys Californian shuttle stake April 12, 2019 The National Express Group has bought a majority stake in Californian shuttle service, WeDriveU, for $84.3m (£64.5m). The transport operator has purchased a 60 per cent share in the American company, which drives workers around Silicon Valley to their jobs at firms like Facebook, Tesla and Amazon. Read more: Indian airline Jet Airways grounds international flights [...]
Panasonic reviews plans for investment in Gigafactory battery plant with Tesla April 11, 2019 Panasonic is reviewing further investments in battery manufacturing at its Tesla Gigafactory site amid fears of declining demand for the high-performance electric cars. The move comes after local media reports stated the two companies had frozen plans to expand capacity at the Gigafactory 1 site in Nevada by a further 50 per cent. Read more: [...]
Twitter chief executive Jack Dorsey receives annual salary of $1.40 for 2018 April 9, 2019 Twitter co-founder Jack Dorsey was paid a salary last year for the first time since he was appointed as chief executive of the social media giant in 2015. Dorsey was paid $1.40 in 2018, likely alluding to Twitter’s former 140 character limit, joining the ranks of other tech billionaires such as Facebook founder Mark Zuckerberg [...]
Tesla’s Musk and SEC ordered to settle out of court within a fortnight April 5, 2019 Tesla billionaire Elon Musk said it was “most likely” that he and the US markets watchdog would be able to settle their differences. A US judge ordered yesterday that the two come to an agreement within a fortnight, and said she could rule on whether Musk violated his recent fraud settlement with the regulator if they [...]
Tesla shares fall after Elon Musk’s company confirms huge quarterly drop in car deliveries April 4, 2019 Tesla shares fell nearly nine per cent in early US trading this afternoon, after the electric car giant said its deliveries have suffered a record 31 per cent quarterly drop. The manufacturer’s stock value fell to $266.32 this afternoon, having closed yesterday at $291.81 as investors digested the results. Read more: Elon Musk helps Sheryl [...]