The biggest climate bill in U.S. history is heading to the House after passing in the Senate. Economist Stephen Moore joins us for analysis. Japan’s SoftBank posts one of its biggest losses in history. Now, it’s selling its shares in some major companies. Tesla could lose its license to make and sell cars in California….
Stephen Moore on New Democrat Spending Bill; SoftBank Has Record Quarterly Net Loss | NTD Business
California DMV Accuses Tesla of False Advertising. At Issue: Autopilot and Full Self-Driving
August 8, 2022
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By Russ Mitchell From Los Angeles Times The California Department of Motor Vehicles has accused Tesla of false advertising in its promotion of the company’s signature Autopilot and Full Self-Driving technologies. The agency alleges the electric carmaker misled customers with advertising language on its website describing Autopilot and Full Self-Driving technologies as more capable than…
Tesla Sets Aug 25 as Trading Day for Three-for-One Split Shares
Tesla Inc. said on Friday trading in its three-for-one split shares will start on Aug. 25, after the electric vehicle maker’s shareholders approved the proposal during its annual meeting. Shareholders of the EV maker voted for board recommendations on most issues at the company’s annual meeting on Thursday, including re-electing directors, approving a stock split,…
Bloody Batteries: China’s Exploitation of Congolese Children for Cobalt in Electric Car Batteries
July 27, 2022
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bloody batteriesCCPChinaChina InsiderChinese CompaniesClimate PoliciescobaltcongoleseDemocratic Republic of CongoElectric carsEpochTVFordGlobal ExpansionGMInfiltrating the WestInternational RelationsNew York TimesSocial IssuesSpecial TopicsTech CompetitiontechnologyteslaThreat from Communist ChinaUS-China relations
Mining companies backed by the Chinese regime are using Congolese children to mine cobalt, a key component in electric car batteries. Are American carmakers helping China to exploit African children? China dominates the world’s cobalt processing. In the Democratic Republic of Congo, there are unsafe working conditions, pay of less than $1 a day, injuries,…
Tesla on Fire: Pro Racer and Taiwanese Celebrity Trapped in a Burning Tesla Car
On July 22, Taiwanese Pro Racer, beloved celebrity Jimmy Lin, and his son Jenson Lin were trapped inside a crashed Tesla car. Witnesses saw Lin’s car steer to the right abruptly before hitting a pedestrian island just before reaching a highway. By the time Jimmy Lin was pulled out of the flaming vehicle, he was…
Pro Racer and Taiwanese Celebrity Trapped in a Burning Tesla Car
On July 22, Taiwanese Pro Racer, beloved celebrity Jimmy Lin, and his son Jenson Lin were trapped inside a crashed Tesla car. Witnesses saw Lin’s car steer to the right abruptly before hitting a pedestrian island just before reaching a highway. By the time Jimmy Lin was pulled out of the flaming vehicle, he was…
Tesla Gets ‘Exclusive Express Lane’ at US–Mexico Border Crossing: Reports
Elon Musk’s Tesla has been given its own dedicated lane at the U.S.–Mexico border crossing near Laredo, Texas, to help speed up and streamline the process for suppliers traveling through the crossing, according to reports. The electric vehicle maker moved its headquarters from Palo Alto, California, to Austin, Texas, last year and has since struck a deal with one of Mexico’s…
Tesla Sold 75 Percent of Bitcoin Holdings to Boost ‘Overall Liquidity’
After making a significant investment in Bitcoin last year, Tesla Motors sold 75 percent of its holdings in the second quarter, the company confirmed Wednesday. Tesla converted $936 million worth of Bitcoin into fiat currency and added the cash to its balance sheet, according to the electric vehicle maker’s earnings release (pdf). Tesla’s crypto holdings…
German Consumer Group Files Lawsuit Against Tesla Over Privacy Concerns, CO2 Ads
BERLIN—Germany’s largest consumer protection group VZBV has filed a lawsuit against Tesla in a Berlin court over alleged misleading advertising and data protection violations, the group said on Tuesday. The group said Tesla made misleading statements on how much carbon-dioxide emissions consumers save when purchasing a Tesla electric vehicle. The car’s sentry mode, which records…
Tesla Sold 75 Percent of Bitcoin Holdings, Adding $936 Million to Balance Sheet
Tesla reported that it sold much of its Bitcoin investment after saying the cryptocurrency was one of a number of factors that impacted operating income in the second quarter of 2022. The electric car company told shareholders on Wednesday in its Q2 Quarterly Update (pdf) that it converted around 75 percent of its Bitcoin purchases…
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