Ford EV customers will gain access to Tesla’s 12,000 high-speed Superchargers in North America in early 2024, according to the CEOs of the two companies. Ford CEO Jim Farley disclosed the deal during a live chat with Tesla CEO Elon Musk on Twitter Spaces on Thursday. The deal makes Ford the first major car manufacturer…
Tesla to Pick Location for New Factory This Year, Musk Says
Tesla Inc. Chief Executive Officer Elon Musk said on Tuesday the automaker would probably pick a location for a new factory by the end of this year. When the Wall Street Journal’s Thorold Barker asked Musk at an event if India was interesting, he said, “Absolutely.” Tesla is “serious” about its plans to establish a…
Musk Says He’s Not Stepping Down as Tesla CEO, Tells Shareholders the Company Will Advertise
Elon Musk on Tuesday dismissed speculation that he might step down as Tesla’s CEO and told the company’s annual shareholders meeting that the electric car and solar panel company would start doing some advertising. “Say it ain’t so,” one shareholder asked Musk about stepping down as Tesla’s leader. “It ain’t so,” he replied without further…
Musk Calls George Soros ‘Magneto,’ Sparks Criticism From Israeli Official
Elon Musk compared controversial billionaire Democratic donor George Soros to “X-Men” supervillain “Magneto” in a series of tweets on May 15, just days after Soros’s firm disclosed having sold off its stake in Tesla. “Soros reminds me of Magneto,” the Twitter owner wrote, referring to the Marvel comic villain who is a Jewish Holocaust survivor. He added that Hungarian-born…
‘Made in USA’: Treasury Details Solar Panel Tax Credits
Made in China, but qualify for U.S. tax breaks? The Treasury Department’s guidelines on solar panels are raising eyebrows in some sectors. The Treasury says the panels only need to be assembled stateside to make the cut, even if the parts are made elsewhere. Investors are rallying behind the news, but critics warn it will…
Musk’s Request to Modify Deal Requiring Vetting of His Twitter Posts Denied by Appeals Court
A federal appeals court has rejected Elon Musk’s plea to dismiss or amend the 2018 fraud settlement he reached with the U.S. Securities and Exchange Commission (SEC). The settlement, which established a consent decree mandating that Musk’s tweets be vetted by a lawyer before posting, will remain in effect. The decision raises questions about Musk’s compliance…
Tesla Raises US Prices for All Its Vehicles Except Model 3
Tesla Inc. increased the U.S. prices of its Model S, X, and Y electric vehicles by low single-digit percentages on Thursday, though prices were still considerably lower than at the beginning of the year. The company raised the prices for all variants of its higher-priced Model S and X vehicles by $1,000, while prices of…
California Man ‘Lucky to Be Alive’ After Tesla Caught Fire on Highway
A man in California narrowly escaped a dangerous vehicle fire over the weekend, saying he is grateful to be alive after his electric vehicle (EV) suddenly caught fire while he was driving on a highway. “It’s just like all gone. I’m just so lucky to be alive … and I’m so glad that my family…
Tesla Breaks Ground on Texas Lithium Refinery
Tesla Inc. on May 8 broke ground on its new lithium refinery in Corpus Christi, Texas, which CEO Elon Musk said should produce enough battery-grade metal to build 1 million electric vehicles by 2025. The move would make Tesla the only major car manufacturer in North America that will refine its own lithium. The facility…
California Police Department to Replace Vehicle Fleet With Teslas
May 10, 2023
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The South Pasadena Police Department announced its transition to an all-electric vehicle fleet by acquiring Tesla vehicles. The southern Californian police department said it would lease 20 electric 10 Model Ys and 10 Model 3s, for patrols, detective work, and other duties, for 60 months, which will cost the city nearly $2 million in funds. The…
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