Tesla Inc

Musk says battery cell constraints impact production of Tesla Semi
Business & Finance

Musk says battery cell constraints impact production of Tesla Semi

  • "Demand is no problem, but near-term cell supply makes it hard to scale Semi. This limitation will be less onerous next year," the billionaire entrepreneur said.
  • Musk's statement was in response to a tweet which referred to a news report about the electric carmaker receiving an order for ten Semi trucks from MHX Leasing LLC.
Published 30 Mar, 2021 06:07pm
Tesla urges court to reinstate hike in emissions penalties
Business & Finance

Tesla urges court to reinstate hike in emissions penalties

  • Tesla told the Second Circuit US Court of Appeals the Trump action was "unlawful" and "diminishes the value of performance-based incentives that electric vehicle manufacturers, such as Tesla, accrue under the standards".
  • Tesla, whose electric cars produce zero emissions, sells credits to other automakers to reduce their burden of complying with the regulations, and argues that the Trump rule change makes those credits less valuable.
Published 24 Mar, 2021 09:32pm
Chinese military bans Tesla cars in its complexes on camera concerns
World

Chinese military bans Tesla cars in its complexes on camera concerns

  • Tesla drivers ordered to park outside military property- sources.
  • Residents of military housing notified this week –sources.
  • Military concerned about security due to car cameras –sources.
  • Tesla shares down 1.8% in early deals.
  • Tesla cars popular in China, made in Shanghai Gigafactory.
Published 19 Mar, 2021 08:54pm
Tesla names Musk 'Technoking' in cryptic regulatory filing
Business & Finance

Tesla names Musk 'Technoking' in cryptic regulatory filing

  • The electric-car maker did not elaborate on the reasons for the cryptic new titles in a pair of statements that also said President of Automotive Jerome Guillen had moved to the role of President for Tesla Heavy Trucking, effective March 11.
  • Last month, Tesla revealed it had purchased $1.5 billion of bitcoin and would soon accept it as a form of payment for cars, sending the price of the world's most popular cryptocurrency soaring.
Published 15 Mar, 2021 06:52pm
Toshiba says no evidence it pressured Harvard over AGM vote
Business & Finance

Toshiba says no evidence it pressured Harvard over AGM vote

  • The Japanese conglomerate also said it had concluded there was no need to launch a third-party committee, demanded by its top shareholder Effissimo Capital Management, to investigate if the firm's AGM in July was conducted fairly.
  • On Wednesday, Toshiba said it opposed both proposals and advised other shareholders to vote against them.
Published 17 Feb, 2021 07:18pm
MicroStrategy to borrow $600mn to buy more bitcoin
Markets

MicroStrategy to borrow $600mn to buy more bitcoin

  • Shares of MicroStrategy, the world's largest publicly traded business intelligence company, rose more than 4% on the news, adding to their meteoric 580% surge in the past year.
  • MicroStrategy owns close to 72,000 bitcoin, a regulatory filing showed on Feb. 2, valuing its bitcoin holdings at about $3.6 billion, according to a Reuters calculation.
Published 16 Feb, 2021 09:40pm
Tesla set for at least 1bn euros in German subsidies
Business & Finance

Tesla set for at least 1bn euros in German subsidies

  • The European Union last week approved a plan that includes giving state aid to Tesla, BMW and others to support the production of electric vehicle batteries.
  • The EU's approval of the 2.9 billion euro European Battery Innovation project, which includes more than 40 companies
Published 01 Feb, 2021 09:40pm