Tesla’s Musk seeks to end SEC muzzle
Tesla Inc Chief Executive Elon Musk asked a federal judge to terminate his 2018 agreement with the top U.S. securities regulator. Musk also asked the judge to block a U.S. Securities and Exchange Commission (SEC) subpoena requesting records of pre-approval of a Twitter poll he conducted in November. Musk’s lawyers wrote to U.S. District Judge Alison […]
Exclusive Tesla supplier Catl plans a major battery plant in Shanghai
China’s CATL is planning a major new automotive battery plant in Shanghai. Continuing a blistering pace of expansion that will cement its lead as the world’s No.1 supplier. The factory in Shanghai will put it close to Tesla Inc’s Chinese production base after it began supplying batteries for the U.S. automaker’s Model 3 cars in China last […]
Tesla to buy more than $1 BLN of Australian battery minerals a year
Tesla said that it expects to spend more than $1 billion a year on battery raw materials from Australia given the country’s reliable mining industry and responsible production practices. Robyn Denholm, chair of the U.S. carmaker, said that Australia, which is rich in minerals used for batteries like lithium and nickel, is poised to benefit as […]
Musk says Tesla new self-driving rollout could take a couple months
Tesla Inc is tweaking its self-driving software to eliminate a phantom braking problem. It may soon release a significantly improved version within few months, stated Elon Musk. Tesla shares were down 4.4% at $589.89. The U.S. safety regulator said it has launched a probe into a fatal crash near Fontana, California, involving one of the […]