Tesla Inc. and Netflix Inc. may have first-mover benefits in their categories but that’s where the similarities end for the companies, Ark Investment Management analyst Brett Winton wrote in a Twitter post on Tuesday. What Happened The Tesla bull analyst was responding to early-stage venture SK Ventures’ co-founder Paul Kedrosky’s view that there are parallels between the two companies and their stocks. Kedrosky said…
Ark’s Wood Remains Bullish on Tesla as US Recession Fears Rise
NEW YORK—Star stock picker Cathie Wood of Ark Invest remained bullish on top holding Tesla Inc on Tuesday despite growing fears of a U.S. recession and shutdowns of the car maker’s Shanghai factory due to spiking coronavirus cases. “What we said during COVID about innovation solving problems will move into overdrive,” she told a webinar,…
Toyota Joins Tesla in Developing Self-Driving Tech With Low-Cost Cameras
San Francisco—Toyota Motor Corp unit Woven Planet is following the lead of Tesla Inc in trying to advance self-driving technology with low-cost cameras. Woven Planet told Reuters it is able to use cameras to collect data and effectively train its self-driving system, a “breakthrough” that it hopes will help drive down costs and scale up…
Tesla to Seek Shareholder Approval for Stock Split; Shares Surge
Tesla Inc. will seek investor approval to increase its number of shares to enable a stock split in the form of a dividend, the electric-car maker said on Monday, sending its shares up about 5 percent. The plan came as the company suspended its Shanghai factory amid COVID-19-related lockdown measures and its artificial intelligence head…
Elon Musk Sees Battery Production Snags Next Year: Here’s How He Thinks Tesla’s Scaling-Up Plans Will Be Hit
Tesla Inc CEO Elon Musk said on Tuesday he sees challenges with battery production next year that can hold back scaling up plans for the electric vehicle maker over the next two to three years. What Happened Musk told workers at Tesla’s Giga Berlin, after handing over the first Model Y deliveries to customers, that the EV maker is being held back by numerous…
Tesla Tells US Lawmakers Autopilot Requires ‘Constant Monitoring’
WASHINGTON—Tesla Inc defended the safety benefits of its advanced driver assistance system Autopilot and its Full Self-Driving (FSD) capability but acknowledged they require “constant monitoring and attention of the driver.” Democratic Senators Richard Blumenthal and Ed Markey wrote Tesla Chief Executive Elon Musk on Feb. 8 raising “significant concerns” about the electric-car maker’s Autopilot and…
Musk Invites UAW Union to Hold Vote at Tesla California Factory
Tesla Inc Chief Executive Officer Elon Musk said on Thursday he was inviting labor union United Auto Workers (UAW) to hold a vote at the electric carmaker’s California factory. The announcement comes three months after the billionaire entrepreneur criticized the Biden administration and Democrats for a proposal to give union-made, U.S.-built electric vehicles an additional…
Tesla Countersues JPMorgan, Claims Bank Sought ‘Windfall’ After Musk Tweet
NEW YORK—Tesla Inc. on Monday fought back against JPMorgan Chase & Co over a disputed bond contract, countersuing the bank for seeking a “windfall” following Elon Musk’s notorious 2018 tweet that he might take his electric car company private. In a filing in Manhattan federal court, Tesla accused JPMorgan of “bad faith and avarice” for…
NHTSA Opens Preliminary Investigation Into Infotainment System in 580,000 Tesla Cars
December 22, 2021
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The National Highway Traffic Safety Administration (NHTSA) announced on Dec 22. that it has opened a formal investigation into Tesla over the safety of its front center touchscreen that could allow drivers to play video games while the vehicle is in motion. The U.S. auto safety regulator said that it is looking into 580,000 Tesla…
US Auto Safety Agency Presses Tesla on Video Game Feature
WASHINGTON—Expressing concern about distraction-affected vehicle crashes, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Wednesday it is discussing with Tesla Inc the electric carmaker’s software update that lets users play video games on a touch screen mounted in front of the dashboard. Tesla added the games in an over-the-air software update sent to…
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