The European Commission has warned Tesla CEO Elon Musk that he must comply with EU rules after the billionaire acquired the social media platform, Twitter. “In Europe, the bird will fly by our rules,” Thierry Breton, the EU Commissioner for the Internal Market, wrote on Twitter on Friday morning, just hours after Musk posted that the…
Musk’s ‘Bird Is Freed,’ Twitter Pledge Gets Cool Reception In EU, Where ‘The Bird Will Fly By Our Rules’
DOJ Charges Alleged Chinese Spies With Obstruction
China’s long arm is trying to recruit spies on American soil. But a double agent spoils the plan, leaving Chinese nationals charged for the attempt. NTD visits a Chinese police station in New York—undercover. Protests persist in China. Activists are testing out new ways to speak out, out of view of security cameras. Legislators from…
Tesla Cuts China Prices by up to 9 Percent as Analysts Warn of ‘Price War’
SHANGHAI—Tesla has cut starter prices for its Model 3 and Model Y cars by as much as 9 percent in China, reversing a trend of increases across the industry amid signs of softening demand in the world’s largest auto market. The price cuts, posted in listings on the electric vehicle (EV) giant’s China website on…
Shareholder Group Wants Tesla to Link Musk’s Pay to ESG Metrics
Retail activist shareholder platform Tulipshare called on Tesla Inc. to tie its executive pay to environmental, social, and governance (ESG) factors and said it expects to file a shareholder resolution on the matter for the electric carmaker’s annual meeting next year. Antoine Argouges, chief executive of Britain-based Tulipshare, said a decision by S&P Dow Jones…
Tesla Seeks to Ease Demand Concerns Over Likely 2022 Delivery Target Miss
Tesla Inc. said on Wednesday it expected to miss its vehicle delivery target this year, but downplayed concerns about softening demand after its revenue missed Wall Street estimates. Chief Executive Elon Musk told analysts on a conference call there was excellent demand in the fourth quarter, addressing investors’ concerns that buyers could be discouraged by…
Tesla Cars Will Not Be Approved as Fully Self Driving This Year, Musk Says
Tesla Inc.’s advanced driver assistant software will not gain regulatory approval in 2022, Chief Executive Elon Musk said, signaling that the company is not yet able to satisfy authorities that its cars can be driven without someone behind the wheel. The Silicon Valley automaker sells a $15,000 software add-on called “Full Self-Driving” (FSD) which enables…
Musk Confirms Tesla’s Plans to Build Lithium Refinery in Texas
October 20, 2022
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Tesla CEO Elon Musk has confirmed that the company is pressing ahead with plans to build a lithium refinery in Texas to boost domestic production of the key commodity used in electric vehicle batteries. Musk made the remarks during a Tesla earnings call on Oct. 19, during which he called battery-grade lithium “crazy expensive” and…
Tesla Steps Up Job Ads as Recession Clouds Gather
While Elon Musk may be worried about the economy, job openings on Tesla’s website suggest the world’s most valuable car maker is hiring employees at a quick pace, in nearly every category of job. Tesla this week listed over 6,900 jobs on its career website, almost a 50 percent surge since mid-June, when Reuters began…
Elon Musk’s ‘Special Administrative Zone’ Remarks Anger Taiwan’s Military, Says No More Tesla ‘Purchases’
Days after Elon Musk suggested that Chinese leader Xi Jinping should “figure out a special administrative zone for Taiwan,” the Taiwanese minister said its military would not buy more Tesla Inc. cars. Taiwan’s Minister of Board of Military Operations Chiu Kuo Cheng told a legislative session that the Taiwanese army “will definitely not make any…
GM Takes on Tesla in Home and Commercial Energy Storage, Management
DETROIT—General Motors Co. is expanding beyond car making, with plans to offer energy storage and management services to residential and commercial customers through its new GM Energy unit in a move that puts it in even greater competition with Tesla Inc. GM Energy will bundle the existing Ultium Charge 360 public charging service with two…
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