Tag: automotive
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Tesla issues $13.8M in stock to buy trailers in bid to improve electric vehicle deliveries
Tesla is using over $13 million worth of stock to get trucks and trailers that will transport its electrical vehicles to customers, the most recent effort by the automaker to increase its delivery and logistics services. Rather than using cash, Tesla issued $13.8 million in stock, a new securities filing posted Monday shows. Tesla used…
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Transportation Weekly: Polestar CEO speaks, Tesla terminology, and a tribute
Welcome back to Transportation Weekly; I’m your host Kirsten Korosec, senior Transport reporter at TechCrunch . This is the fourth edition of our newsletter, a weekly jaunt to the wonderful world of transport and how we (and our bundles ) move. This week we talk with Polestar CEO Thomas Ingenlath, dig into Lyft’s S-1, be…
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Polestar unveils its all-electric response to the Tesla Model 3
Volvo’s standalone electrical performance brand Polestar introduced Wednesday its first all-electric vehicle — a five-door fastback that’s gunning for its Tesla Model 3. Each time an electric vehicle — concept, prototype, or production version — has been unveiled, the expression “Tesla killer” has been tossed about no matter whether that car will come to market.…
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The SEC has asked a judge to hold Elon Musk in contempt for violating his settlement with the agency
The U.S. Securities and Exchange Commission asked a judge to Maintain Elon Musk in contempt for violating his October 16 settlement with the agency. Bloomberg News reported. Though it is declining comment we got the bureau ’ s complaint. Tesla has yet to respond to our requests. At the crux of things: Last Tuesday night,…
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Autonomous truck startup TuSimple hits unicorn status in latest round
Another autonomous vehicle unicorn has joined the herd. TuSimple, a self-driving truck startup running daily routes for clients in Arizona, has increased $95 million in a Series D financing round led by Sina Corp. as the firm prepares to scale its industrial autonomous fleet to over 50 trucks by June. The startup, which launched in 2015…
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Tesla’s $218M Maxwell acquisition aims to give its batteries a boost
Tesla has got energy storage company Maxwell Technologies within an all-stock deal a deal aimed at helping its batteries are improved by the automaker that was electric and costs as more competitors enter the marketplace. The deal will appreciate every one of Maxwell’s 45.9 million shares at $4.75. The merger is expected to close in…
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Tesla reports back-to-back profitable quarters
Tesla reported Wednesday a profit of $139 million, or $0.78 per share, along with better-than-expected earnings, nevertheless failed to meet analysts’ expectations for earnings in the fourth quarter. Shares dropped after the markets closed and are down 1.7 percent as of 2:30 pm PT. Tesla has been able to string together two lucrative intervals in…
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Elon Musk wants Teslas to automatically call a tow truck when something breaks
Since Tesla gets more automobiles on the road and ramps production up, the organization is working out a few speed bumps as soon as it comes to service. Getting it fixed will take longer than many owners are willing to wait, when something goes wrong for. In September of this past year, Elon Musk guaranteed…
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Porsche Taycan owners will get three years free charging at hundreds of Electrify America stations
Owners of the upcoming Porsche Taycan will get three decades of free charging at countless Electrify America public channels that can blanket the U.S. in the coming months. And that may include access to DC rapid chargers that will allow the Taycan, that can be intended to have an 800 volt battery which can take a…
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Tesla will end its buyer referral program for ‘adding too much cost’
At the end of the month, Tesla will finish a long-running referral program that provided incentives for present Tesla owners to help push sales. In its current iterations, the referral program talented new buyers who found their way to a Tesla through a buddy with six months of free charging at Supercharger stations. Most recently,…