WILMINGTON, Del—Tesla Inc shareholders urged a judge on Tuesday to find Elon Musk coerced the company’s board into a 2016 deal for SolarCity and asked that the chief executive be ordered to pay the electric vehicle company one of the largest judgments ever of $13 billion. “This case has always been about whether the acquisition…
Tesla Investors Urge Judge to Order Musk Repay $13 Billion for SolarCity Deal
Tesla CEO Elon Musk to Visit Berlin Factory in Mid February
BERLIN—Elon Musk will visit Tesla’s factory in Berlin in mid-February, the chief executive said on Twitter Tuesday, following speculation on Twitter that he would be in Germany this month. “I obv can’t comment on every rumor, but this isn’t true. Am headed to Berlin mid Feb, not this week,” Musk said in a tweet in…
Credit Suisse Chairman Resigns; Walmart Planning to Create Crypto, NFTs | NTD Business
The chairman of one of Europe’s largest banks is resigning, why is he leaving, and how will it impact the bank? Walmart appears to be entering the metaverse, with plans to sell virtual products and create its own digital currency. Tesla seeking to cut its reliance on China for a key component for batteries. Why the…
Canada Opens Probe Into Tesla’s Heating System Following Consumer Complaints
San Francisco—Canada’s auto safety regulator said on Thursday it has opened an investigation into the heating system of Tesla Model 3 and Model Y vehicles following 16 consumer complaints about its performance during cold weather. Transport Canada said it is concerned that a malfunctioning heating and air-conditioning system “may affect windshield defogging/defrosting and therefore driver…
Tesla Inks Deal to Get Key Battery Component Outside China
LONDON—Tesla is turning to Mozambique for a key component in its electric car batteries in what analysts believe is a first-of-its-kind deal designed to reduce its dependence on China for graphite. Elon Musk’s company signed an agreement last month with Australia’s Syrah Resources, which operates one of the world’s largest graphite mines in the southern…
Elon Musk Says Tesla Accepting Dogecoin Payments for Some Merchandise, Cryptocurrency Surges
Elon Musk has announced that Tesla is accepting payment for some merchandise with Dogecoin, sending the meme-based cryptocurrency surging and marking a return for the electric-vehicle maker to accept digital currencies for some purchases. The Tesla chief executive wrote on Twitter on Jan. 14, “Tesla merch buyable with Dogecoin” but did not provide further details as to…
China ‘Will Use You, and Then Shove You Aside,’ Expert Warns Tesla as It Tries to Capture Chinese Market
January 14, 2022
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Business & EconomyChinaChinese RegimeCompaniesforced technology transferHuaweiInfiltrating the WestIP theftSpecial TopicstechnologyteslaUSUS NewsUS-China relations
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Beijing’s national strategy of forced technology transfer means that Tesla will eventually be squeezed out of the Chinese market, just like the fate suffered by other Western companies in the past, said Robert Atkinson, president of Washington-based nonprofit Information Technology and Innovation Foundation (ITIF). “At the end of the day, the strategy for China is…
Court Rejects Tesla Push to Reinstate Higher US Fuel Economy Penalties
WASHINGTON—A U.S. appeals court on Thursday rejected a request from Tesla Inc. to quickly reinstate higher civil penalties for automakers who fail to meet U.S. fuel economy standards. The Second Circuit U.S. Court of Appeals had rejected the electric vehicle maker’s request in April for immediate action pending a National Highway Traffic Safety Administration (NHSTA)…
Tesla’s Musk Says ‘Working Through Challenges’ With India Government
NEW DELHI—Tesla Inc. is “still working through a lot of challenges with the government” in India, its billionaire chief executive Elon Musk said on Twitter on Thursday, responding to a question on when it would launch its electric cars in the country. Tesla had plans to begin selling imported cars in India last year and…
California DMV Reviewing Approach to Regulating Tesla’s Public Self-Driving Test: Report
January 12, 2022
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California is reevaluating Tesla Inc.’s Full Self-Driving (FSD) test program, to determine if the electric-car maker’s software should fall under its motor vehicle department’s autonomous vehicle regulations, the Los Angeles Times reported on Tuesday. FSD is an advanced driver assistance system that handles some driving tasks, but Tesla says it does not make vehicles completely…
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