Tesla and Ganfeng Lithium have agreed to a three-year supply arrangement
Chinese firm Ganfeng Lithium has signed a deal with Tesla to supply the automaker with battery-grade lithium hydroxide. Ganfeng is China’s biggest producer of metal. The contract will run from 1 January 2022 to 31 December 2024. The purchase volumes and values will be subject to purchase orders from Tesla. Ganfeng said that the contract is […]
Tesla pulls its new Full Self-Driving beta due to software ‘issues’
NEW YORK/ SAN FRANCISCO, Oct 24 (Reuters) – U.S. electric car maker Tesla Inc (TSLA.O) on Sunday rolled back the latest version of its Full Self-Driving (FSD) beta software, less than a day after its release after users complained of false collision warnings and other issues. The setback comes as Tesla is under regulatory scrutiny over the […]
Tesla develops its legal and public relations teams in China
Tesla Inc. (TSLA.O) is hiring managers for its legal and external relations teams in China, according to a job posting on the company’s WeChat account, as the electric vehicle maker faces public scrutiny in the country over safety and customer service complaints. U.S.-based Tesla, which is based in Shanghai and produces electric Model 3 sedans […]
Exclusive: U.S. opens probe into 30 million vehicles over air bag inflators
U.S. auto safety investigators have opened a new probe into 30 million vehicles built by nearly two dozen automakers with potentially defective Takata air bag inflators, a government document seen by Reuters on Sunday showed.
The S&P 500 nabs another all-time closing high ahead of Jackson Hole
Wall Street gained ground on Wednesday, with chipmakers and financials helping to push the S&P 500 and the Nasdaq to record closing highs as investors look to the upcoming Jackson Hole Symposium for assurances that Federal Reserve’s timeline for policy tightening remains intact.
S&P 500, Dow hit record highs as defensive shares shine
The benchmark S&P 500 and the Dow industrials hit record highs on Monday as investors moved into defensive sectors and stocks recovered from losses earlier in the session, shaking off glum economic data out of China.
Ford counterattacks in ‘cruise’ dispute with GM
Ford Motor Co (F.N) said late on Friday it will ask the U.S. Patent Office to rescind trademarks obtained by rival General Motors Co (GM.N) for the terms “Cruise” and “Super Cruise,” escalating a brawl GM began by suing Ford over its use of “Blue Cruise” for an automated driving system.
Elon Musk visits Germany, meets with state leaders over ‘gigafactory’
Tesla (TSLA.O) CEO Elon Musk on Wednesday evening met with the leadership of Brandenburg, the German state where the group’s 5.8 billion euro ($6.9 billion) European gigafactory is being built, its Economy Minister Joerg Steinbach said on Twitter.
Rivian considers $5 billion EV plant in Texas, document shows
Amazon.com Inc (AMZN.O) backed electric vehicle (EV) company Rivian is in discussions to invest at least $5 billion in a new vehicle plant near Fort Worth, Texas, a city document showed.
Analysis: UN climate report increases urgency for green investment funds
Dire warnings about climate change are a call to action for investors who put their money into helping the environment. But the news also heightens a debate about how to make these strategies effective, financial executives said.
