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Tag: Autos

Former Uber self-driving head Levandowski agrees to plea deal over Google secrets

Former Uber self-driving head Levandowski agrees to plea deal over Google secrets

Anthony Levandowski Eric Risberg | AP Anthony Levandowski, known for advancing self-driving car technology in the last decade, agreed to plead guilty on Thursday to taking sensitive documents from his former employer Google before joining rival Uber. He will serve no more than 30 months in prison as part of an agreement with federal prosecutors […]

Tesla Fremont factory not ‘essential business’ says Alameda County

Tesla Fremont factory not ‘essential business’ says Alameda County

Workers assemble cars on the line at Tesla’s factory in Fremont. David Butow | Corbis News | Getty Images The Alameda County Sheriff’s office said in an official tweet on Tuesday night that Tesla’s Fremont car factory is not an “essential business” under the definition of its “shelter in place” order, implemented to slow the […]

Tesla customers in China irate over cars delivered with older hardware

Tesla customers in China irate over cars delivered with older hardware

A worker in a face mask walks past gates at the Tesla Gigafactory in Shanghai, China, on Feb. 17, 2020. Qilai Shen | Bloomberg | Getty Images Tesla customers in China are complaining the company delivered new Model 3s with a version of Autopilot hardware that was not as advanced as promised. According to a […]

Tesla is under pressure to revitalize its solar and storage business

Tesla is under pressure to revitalize its solar and storage business

Elon Musk reveals prototypes of the Tesla Solar Roof on October 28, 2016 Tesla Even with a record fourth quarter for its solar energy and storage systems business, Tesla’s energy revenue declined by over $24 million in 2019, after several rounds of layoffs that started the prior year. The company is now under pressure to […]

Tesla offering $2 billion in common stock with Elon Musk buying

Tesla offering $2 billion in common stock with Elon Musk buying

Tesla shares slid after the electric automaker said it plans a $2 billion common stock offering, just two weeks after CEO Elon Musk said the company would not take advantage of its surging stock to raise more capital. Musk himself will buy as much as $10 million of stock in this offering, while Tesla board member Larry Ellison […]

Why Tesla stock seems expensive, even compared to other tech stocks

Why Tesla stock seems expensive, even compared to other tech stocks

A Tesla Model S is displayed during the London Motor and Tech Show at ExCel on May 16, 2019 in London, England. John Keeble | Getty Images News | Getty Images Tesla’s valuation has soared well past other automakers, even those which produce millions more cars each year, causing Morgan Stanley to take a look […]

TSLA jumps past $900 in early trading

TSLA jumps past $900 in early trading

Tesla stock is surging again, set to open Tuesday’s trading at a new record high as major shareholder Ron Baron forecast the company will top $1 trillion in revenue in a decade and as investors who bet against the stock scrambled to catch up. “I just can’t believe this freaking stock. It’s insane,” Roth Capital analyst […]

General Motors playing to its strengths with the GMC Hummer EV pickup

General Motors playing to its strengths with the GMC Hummer EV pickup

DETROIT – General Motors is playing to its strengths from a profitability and product standpoint by resurrecting Hummer as an all-electric vehicle under its GMC truck and SUV brand, according to officials. The automaker is attempting to cash-in on the reputation of an already-established brand while removing any “negative baggage” of the gas-guzzling, environment-harming Hummers […]

Tesla won’t raise capital, will focus on battery cost

Tesla won’t raise capital, will focus on battery cost

Tesla Inc CEO Elon Musk attends an opening ceremony for Tesla China-made Model Y program in Shanghai, China January 7, 2020. Aly Song | Reuters Tesla shares extended their rally on Wednesday, rising more than 11% after market hours following better-than-expected results for the last quarter of 2019. On an earnings call to discuss the […]

Lamborghini’s 2019 sales jump 43%, driven by its Urus SUV

Lamborghini’s 2019 sales jump 43%, driven by its Urus SUV

Exterior of the 2019 Lamborghini Urus with a base retail price starting at $200,000. Adam Jeffery | CNBC Lamborghini reported a scorching 43% jump in sales in 2019, driven by its new Urus SUV. Lamborghini is the latest high-end car company to report record sales in 2019, boosted by their hulking, powerful SUV’s than traditional […]