BEIJING—U.S. electric vehicle maker Tesla Inc. said on Monday it had built a research center and a separate data center in Shanghai, where it manufactures Model 3 sedans and Model Y sport-utility vehicles. The auto research and development center, Tesla’s first outside the United States, employs engineers for software, electronics, materials, and charging, it said…
Tesla Opens New China Research, Data Centers; Will Store Data Locally
October 25, 2021
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Tesla Temporarily Pulls Its New Full Self-Driving Beta Software Due to ‘Issues’: Elon Musk
Electric car maker Tesla has pulled back on the latest version of its full self-driving (FSD) beta software just one day after it was released, Chief Executive Elon Musk announced on Sunday. Tesla released its 10.3 FSD update to drivers on Saturday night and Sunday morning along with a list of release notes. The list mentions…
Tesla Temporarily Pulls Its New Full Self-Driving Beta Software Due to ‘Issues’
Electric car maker Tesla has withdrawn the latest version of its full self-driving (FSD) beta software just one day after it was released, Chief Executive Elon Musk announced on Oct. 24. Tesla released its 10.3 FSD update to drivers on Oct. 23 and Oct. 24, along with a list of release notes. The list mentions changes…
Futures Edge Higher as Big Tech Earnings Take Centre Stage
October 25, 2021
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U.S. stock index futures edged higher on Monday as investors geared up for earnings reports from heavyweight technology companies this week, while PayPal jumped after it said it was not interested in buying Pinterest. Tesla Inc. rose 2.6 percent in premarket trading after the electric-car maker raised prices of its Model X, Model S variants…
Hertz Orders 100,000 Tesla Cars for End of 2022
October 25, 2021
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Hertz said on Monday the car rental firm has ordered 100,000 Tesla Inc. cars for delivery by the end of 2022 as it invests to build the largest electric vehicle rental fleet in North America. Tesla shares were up 4 percent at $946.32 before the bell. Hertz had filed for bankruptcy protection last year as…
Tesla Hikes Price of Model X, Model S Variants by $5,000
Electric-car maker Tesla Inc. on Saturday announced a price hike of $5,000 for its Model X Long Range and Model S Long Range variants. The Model X Long Range and S Long Range will now sell for $104,990 and $94,990, respectively. According to Tesla’s website, the electric carmaker also increased the price of the Model…
Dutch Forensic Lab Says It Has Decoded Tesla’s Driving Data
October 23, 2021
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LONDON—The Dutch government’s forensic lab said on Thursday it had decrypted electric carmaker Tesla Inc’s closely guarded driving data-storage system, uncovering a wealth of information that could be used to investigate serious accidents. It was already known that Tesla cars store data from accidents, but the Netherlands Forensic Institute (NFI) said it had discovered far…
‘Tesla in Tunnels’ Project of Elon Musk’s Boring Company Gets Green Light to Expand in Las Vegas
Tesla Inc. CEO Elon Musk’s tunneling enterprise The Boring Company has received regulatory approval to build a tunnel-based transportation system under the Las Vegas Strip. What Happened The Boring Company took to Twitter to announce that the transportation system, dubbed the “Vegas Loop,” is expanding and thanked the regulators for their approval. The regulatory approval…
US Transport Chief Defends Auto Safety Agency After Musk Criticism
WASHINGTON—U.S. Transportation Secretary Pete Buttigieg said on Wednesday that Tesla Chief Executive Elon Musk should directly raise with him any issues about the hiring of a senior safety adviser who has been critical of the automaker. “He’s welcome to call me if he’s concerned,” Buttigieg told reporters at an event on Wednesday. “We are responsible…
Is Tesla on Track to Deliver Apple-Like Gross Margins Amid China Demand Rebound? Bulls Munster and Ives React to Q3 Earnings
Tesla Inc.’s impressive third-quarter earnings and revenue beat despite the impact of chip shortage indicates a robust electric vehicle trajectory for the Elon Musk-led company in the current quarter and beyond, according to analysts from Loup Ventures and Wedbush Securities. Tesla Analysts Wedbush analyst Daniel Ives has maintained an Outperform rating and a price target…
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