Tesla to pay $42 million for employee crash that injured motorcyclist

Tesla to pay  million for employee crash that injured motorcyclist

The Tesla Inc. logo is captured on a sign of one of its shops in Zurich on Nov. 13, 2023. Joan Cros | Nurphoto | Getty Images An Indiana jury found that electric vehicle maker Tesla and one of its employees was partially liable in a 2017 crash between a company-owned Ford truck and a … Read more

Musk visits German Tesla Gigafactory after suspected arson attack

Musk visits German Tesla Gigafactory after suspected arson attack

Tesla CEO Elon Musk carries on his shoulders his son X Æ A-XII as he addresses employess during a visit at the company’s electric car plant in Gruenheide near Berlin. Odd Andersen | Afp | Getty Images Elon Musk on Wednesday visited the Tesla Gigafactory near Berlin, which was forced to halt production last week … Read more

EV euphoria is dead. Automakers trumpet consumer choice in U.S.

EV euphoria is dead. Automakers trumpet consumer choice in U.S.

Andrew Merry | Moment | Getty Images DETROIT — The buzz around electric vehicles is wearing off. For years, the automotive industry has been in a state of EV euphoria. Automakers trotted out optimistic sales forecasts for electric models and announced ambitious targets for EV growth. Wall Street boosted valuations for legacy automakers and startup … Read more

GM hires ex-Tesla, Google exec to lead manufacturing

GM hires ex-Tesla, Google exec to lead manufacturing

General Motors Executive Vice President Global Manufacturing and Labor Relations Gerald Johnson (middle) watches as engineers and technicians set-up and test the machines that will be used to manufacture Level 1 face masks at a plant in Warren, Michigan. Photo by John F. Martin for General Motors DETROIT – General Motors’ long-time head of manufacturing … Read more

OpenAI denies Musk lawsuit claim that there was founding agreement

OpenAI denies Musk lawsuit claim that there was founding agreement

Elon Musk, chief executive officer of Tesla Inc., speaks at the Atreju convention in Rome, Italy, on Saturday, Dec. 16, 2023. The annual event, organized by Giorgia Meloni’s Brothers of Italy party, began in 1998 as a convention for right-wing youths and has evolved into a political kermesse, including ministers and members of the opposition. … Read more

The future of EVs in the collectible cars market, from Tesla to BMW

The future of EVs in the collectible cars market, from Tesla to BMW

Elon Musk at a Tesla Motors press conference at the 2009 North American Auto Show. James Leynse | Corbis Historical | Getty Images The term “collectible vehicle” might conjure up images of an elegant convertible from the 1930s, or maybe a souped-up muscle car. But time moves on. A new crop of all-electric vehicles and … Read more

Trump wants Elon Musk to speak at Republican convention

Trump wants Elon Musk to speak at Republican convention

Former President Donald Trump and his allies on the Republican National Committee want to convince Tesla and SpaceX CEO Elon Musk to speak at the GOP convention in July, people familiar with the matter told CNBC. Republican leaders believe that giving Musk a speaking slot at the convention could lead to some of his fans … Read more

El-Erian and Krugman can’t shake off their market fears

El-Erian and Krugman can’t shake off their market fears

Traders work on the floor of the New York Stock Exchange during morning trading on February 29, 2024 in New York City.  Michael M. Santiago | Getty Images A new day, a new all-time high. From stocks to bitcoin, asset classes across the board have been hitting uncharted territories. Why? There are a few reasons … Read more

Novo Nordisk market cap surpasses Tesla on new obesity pill trial data

Novo Nordisk market cap surpasses Tesla on new obesity pill trial data

The logo of Danish pharmaceutical company is pictured at their headquarters in Bagsvaerd outside of Copenhagen, Denmark on February 1, 2017. Liselotte Sabroe | AFP | Getty Images Wegovy obesity drug maker Novo Nordisk surpassed Tesla in market value Thursday, after fresh early trial data showed positive results for its new experimental weight loss pill. … Read more

Starting price and performance details

Starting price and performance details

Rivian CEO RJ Scaringe stands next to a R2 SUV at an unveiling event in Laguna Beach, California, U.S., March 7, 2024.  Mike Blake | Reuters Rivian Automotive surprised consumers and next new vehicle will be an all-electric midsize SUV called the R2 that’s expected to start around $45,000 when it goes on sale in … Read more