Category: tesla

Tesla Did Not Want to Wait on EU Aid: German Economy Minister

December 6, 2021
AidBusiness & EconomyCompanieseconomyEUEuropeGermanyLocal NewsNorthern CaliforniaPeter AltmaierRegional-Local NewsteslaUSUS NewsWorld
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BERLIN—Tesla did not want to wait for European authorities to make a decision on state funding for its planned battery factory before going ahead with the construction of its site in Germany, outgoing German Economy Minister Peter Altmaier told reporters in Berlin on Monday. As a foreign company, Tesla would have been eligible for state…

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Tesla Seeks Court Approval of Win in Engineer’s Defamation Case

December 6, 2021
approvalBusiness & EconomyCompaniescourtCristina BalandefamationLocal NewsNorthern CaliforniaRegional-Local NewsteslaUSUS News
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Tesla Inc. has asked a U.S. court to affirm an arbitrator’s recent decision dismissing a former engineer’s claims that the automaker fired and defamed her for raising concerns about defective floormats and contracting practices. In a petition filed in San Francisco federal court on Thursday, Tesla said an arbitrator in a Nov. 3 decision found…

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Elon Musk Confirms Tesla’s First Cybertrucks Will Be Quad Motor, 4-Wheel Steering

December 4, 2021
Business & EconomyCompaniesCybertruckElon Musktesla
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Tesla Inc’s most anticipated vehicle, the Cybertruck, has been delayed to the end of 2022. When revealed in 2019, there were single, dual, and tri-motor variants to choose from. But CEO Elon Musk has said the Cybertruck has had multiple updates. Now Musk is answering questions on Twitter about the Cybertruck, first confirming that it…

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Lithium Prices Shoot Up, Disrupting Plans for Electric Car Manufacturers

December 3, 2021
Business & EconomycobaltCompanieseconomylithium ion batteryMarketsteslaUSUS electric vehicle batteryUS News
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Car manufacturers are finding it increasingly pricier to manufacture electric vehicles (EV) as the costs of procuring lithium, one of the main components found in every commercial EV battery, has shot up almost 280 percent since the start of the year. The demand for electric vehicles has pushed up demand for the metal, and supply…

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Tesla Officially Moves Headquarters from California to Texas

December 3, 2021
Business & EconomyBusinesses in COVID-19CompanieseconomyElon MuskheadquartersLocal NewsNorthern CaliforniaRegional-Local NewsSouthern CaliforniaTechteslaTexasUSUS News
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Tesla founder and chief executive Elon Musk has made good on his promise to relocate the company’s headquarters from Palo Alto, California, to Austin, Texas, with a Dec. 1 regulatory filing making the move official. “On December 1, 2021, Tesla, Inc. relocated its corporate headquarters to Gigafactory Texas at 13101 Harold Green Road, Austin, Texas 78725,”…

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Most Popular EV in Canada, Tesla Model 3, No Longer Eligible for Federal Rebate

December 2, 2021
Canadaelectric carEVFederal RebaterebateteslaTesla Model 3World
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OTTAWA—The Tesla Model 3 will no longer top the list of Canada’s most rebated electric car. Transport Canada says the popular battery-operated vehicle was removed from the eligibility list for the federal zero-emission vehicle rebate in late November. The carmaker just raised the base price for the Model 3 to $59,990, well above the $45,000…

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Tesla Launches Electric Quad Bike in US for Kids

December 2, 2021
3rd Coronavirus packageBusiness & EconomyCompaniesCyberquadeconomyelectricKidsLocal NewsNorthern CaliforniaRegional-Local NewsteslaUSUS News
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Tesla Inc. has launched an electric quad bike for kids in the United States for $1,900, two years after the electric-car maker introduced the all-terrain vehicle (ATV) along with its pickup vehicle Cybertruck. The four-wheel ATV—”Cyberquad for Kids”—is inspired by the Cybertruck model and will begin shipping in 2–4 weeks, according to the company website….

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Musk Laments ‘Supply Chain Nightmare’ Facing Cybertruck Production

November 30, 2021
Business & EconomyBusinesses in COVID-19CompanieseconomyElon MuskInternationalsupply chainteslaUSUS NewsWorld
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Tesla Chief Executive Elon Musk on Monday lamented the ongoing supply chain difficulties facing the release of the company’s much-delayed Cybertruck and said he will share updates about the new electric vehicle when the company reports its 2021 earnings. “Oh man, this year has been such a supply chain nightmare & it’s not over!” Musk said in a…

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Stock Wars: Ford vs Tesla

November 27, 2021
Business & EconomyBusiness ColumnistsCompaniesFordInvestmentMarketstesla
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Benzinga’s weekly Stock Wars matches up two leaders in a major industry sector with the goal of determining which company is the better investment. This week, the duel is between two of the most prominent and often controversial companies in the history of the automobile industry: Ford Motor Company and Tesla Inc. Case For Ford…

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Tesla Withdraws State Funding Application for German Battery Plant

November 26, 2021
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BERLIN—Tesla has withdrawn its application for state funding for its planned battery factory near Berlin, the electric vehicle maker said on Friday, adding that construction plans were unchanged. The European Union in January approved a plan that included giving state aid to Tesla, BMW, and others to support production of electric vehicle batteries and help…

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