News Analysis Elon Musk and his companies, Tesla and SpaceX, are under scrutiny for their billion-dollar links to China and their CEO’s political support for the totalitarian country. Some of that support comes in the same breath as his denigration of the United States. While the freedom that America gives business is legendary in attracting…
Tesla and SpaceX Are Apparently Compromised by China
March 23, 2022
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CCP Strategy Is to ‘Buy Off’ US Elites With Lucrative Deals in China’s Markets: Author Peter Schweizer
March 23, 2022
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The Chinese Communist Party (CCP) relies to a large degree on a strategy of luring powerful figures in American politics and business to extend its influence and avoid the consequences of its misdeeds, according to Peter Schweizer, author of the book “Red-Handed: How American Elites Get Rich Helping China.” “The strategy is to buy off…
Dancing Musk Hands Drivers First Teslas From New German Gigafactory
March 23, 2022
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BERLIN—Elon Musk was cheered as he oversaw the handover of Tesla’s first German-made cars at its Gruenheide plant on Tuesday, marking the start of the U.S. automaker’s inaugural European hub just two years after it was first announced. Loud music played as 30 clients and their families got a first glimpse of their shining new…
LA Police Seek Driver After Tesla Street Stunt Ends in Crash
LOS ANGELES—Police sought the public’s help Monday to identify a hit-and-run Tesla driver who crashed while attempting a stunt on an extremely steep Los Angeles street while spectators recorded videos. The incident occurred at 12:10 a.m. Sunday in the hilly Echo Park area, according to a police statement. The rented Tesla sped up a street…
Tesla Halts Work at Shanghai Factory for 2 Days Amid China COVID-19 Curbs: Notice
March 17, 2022
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SHANGHAI—Tesla is suspending production at its Shanghai factory for two days, according to a notice sent internally and to suppliers, as the Chinese regime tightens COVID-19 restrictions to curb the country’s latest outbreak. The Shanghai factory runs around the clock, and suppliers and Tesla staff were told on Wednesday in the notice, reviewed by Reuters,…
Mercedes Takes on Tesla With New U.S. Battery Plant, Electric SUV
TUSCALOOSA, Ala.—Mercedes-Benz AG opened its first U.S. electric vehicle (EV) battery factory on Tuesday and said Japanese battery maker Envision AESC would supply battery modules for U.S.-made Mercedes EVs from a new U.S. plant by the middle of the decade. Alongside the launch of its Bibb County, Alabama battery plant, Mercedes also previewed a large…
Tesla Raises Prices for Second Time in Days on Rising Costs
March 15, 2022
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BEIJING—Tesla Inc. raised its prices in China and the United States for the second time in less than a week, after CEO Elon Musk said the U.S. electric carmaker was facing significant inflationary pressure in raw materials and logistics. The increases come as costs of raw materials are surging, exacerbated by supply chain disruptions following…
Musk Says Tesla, SpaceX Face ‘Significant’ Inflationary Pressure
March 14, 2022
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Tesla Inc. Chief Executive Officer Elon Musk said the U.S. electric carmaker and his rocket company SpaceX are facing significant inflationary pressure in raw materials and logistics. Musk in a tweet on Sunday also asked about inflation rate outlook and said his companies “are not alone,” retweeting an article saying the Ukraine-Russia conflict sent commodity…
Elon Musk Faces Legal Challenge Over Claim That His Tesla Financing Tweet Was True
March 14, 2022
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Tesla Inc. CEO Elon Musk may soon be heading for a courtroom battle with company shareholders who claim that they have lost billions of dollars because of Musk’s 2018 tweet on taking Tesla private. A ruling in favor of the shareholders would allow them to focus at trial solely on connecting Musk’s allegedly false statement…
Stellantis CEO Looks to Catch up With Tesla in Coming Years
Stellantis NV CEO Carlos Tavares sees his company catching up with EV pioneer Tesla Inc in the coming years, Reuters reports from Mobility TV World session. He sees the competition benefitting the consumers. Also Read: Stellantis CEO Says Company Being ‘Forced’ To Make Electric Vehicles, Stellantis, Samsung SDI Collaborate To Produce EV Battery For North Americ Tavares sought for investment…
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