The sell-off in Chinese stocks continues today. The Chinese regime’s treatment of private businesses like Didi seems to have spooked international investors. We ask how big is the problem for China. Just when you thought traveling is back, some U.S. flights have to make extra stops on extended flights, or cancel the flights altogether. Tesla…
Mercedes-Benz Hits Accelerator in E-Car Race With Tesla
LONDON—Mercedes-Benz maker Daimler plans to invest more than 40 billion euros ($47 billion) by 2030 to be ready to take on Tesla in an all-electric car market, but warned the shift in technology would lead to job cuts. Outlining its strategy for an electric future, the inventor of the modern motor car said on Thursday…
NTD Business Full Broadcast (July 12)
Richard Branson safely back on Earth, after blasting off into space in his own ship. He beat Jeff Bezos by nine days. Stay with us to watch it happen. Rat, causing serious damage to electric cars, and apparently their favorite car is … Tesla, find out why that is. With prices going up for everything, swimming pools are seeing it…
NTD Business Full Broadcast (July 2)
Job growth picking up speed in the U.S.. But wages are barely up, and the unemployment rate even rose last month. NTD asks a labor economist why. Exciting plans for the 4th of July weekend? Well, keep this in mind: gas prices this independence day are expected to be the highest in almost a decade. The second richest man in…
Tesla Second-Quarter Deliveries Meet Analysts’ Estimates as Chip Shortage Weighs
Tesla Inc on Friday posted record vehicle deliveries for the second quarter that were in line with Wall Street estimates as the electric-car maker coped with a shortage of chips and relied on sales of its cheaper models. Tesla weathered the global supply crisis better than legacy automakers, but CEO Elon Musk has warned of…
Tesla Recalls Vehicles in China for Online Software Update
BEIJING—Chinese regulators said on Saturday Tesla Inc would recall nearly 300,000 China-made and imported Model 3 and Model Y cars for an online software update related to assisted driving, with owners not required to return their vehicles. The State Administration for Market Regulation said on its website that the move is linked to an assisted…
Veteran Media Figure Reveals How the Chinese Media ‘Set the Tempo’ to Destroy Tesla
Recently, a short video of veteran radio host Wang Li talking about how the Chinese media managed to mislead the public and ruin Tesla’s reputation was circulated widely on the internet. In the video, Li said a fan asked him about how anyone could dispute the reports that come out every day in China about a…
Musk Says Tesla Will Accept Bitcoins When Miners Use More Clean Energy
Tesla CEO Elon Musk tweeted on Sunday that the electric carmarker will resume allowing bitcoin transactions when miners who verify transactions use more renewable energy. “When there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions,” he said in a tweet. Bitcoin rose 5.1 percent…
Are Tesla’s Sudden China Woes a Harbinger of Things to Come?
News Analysis To see the impact China’s fickle market can do to a company’s value, look no further than Tesla. On April 20, the Chinese Communist Party (CCP)’s media and regulators began a series of public rebukes against the California-based electric carmaker. The criticisms were broad, ranging from Tesla’s car safety, to data gathering practices,…
Tesla Doubles Down on Camera-Based Autopilot Amid Growing Scrutiny
BERKELEY, Calif.—Tesla Inc said on Tuesday it will drop a radar sensor in favour of a camera-focused Autopilot system for its Model 3 and Model Y vehicles in North America starting this month. The move came amid growing scrutiny by regulators and media about the safety of what Tesla dubs “Autopilot” and “Full Self-Driving (FSD)”…
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