A federal jury in San Francisco on Monday ordered Tesla Inc to pay about $3.2 million to a Black former employee after he won a racial harassment lawsuit against the electric-vehicle maker, far less than the $15 million he rejected last year in opting for a new trial. The verdict came after a week-long retrial […]
Tesla Inc.
Rising interest rates are eating into the reserves that U.S. life insurers must hold to deal with rate fluctuations, ratings agency Fitch Ratings said on Monday, creating an accounting issue that could impact insurers’ income. Interest maintenance reserves (IMRs) smooth insurers’ balance sheets by showing interest-related capital gains and losses on fixed-income assets, and amortizing […]
Tesla Inc on Sunday posted record quarterly vehicle deliveries, but quarter-on-quarter sales growth was modest despite price cuts as rising competition and a bleak economic outlook weighed. Tesla delivered 422,875 vehicles for the first three months of this year, up 4% from the previous quarter. This was 36% higher than a year ago. In January, […]
Hard work, dedication, perseverance, and a little bit of luck: that’s how most get to the top of their chosen fields. In honor of Women’s Month, we are kicking off our profile series with the woman behind the artificial intelligence (AI) tool that broke the Internet in late 2022, ChatGPT. She’s part of the 22 […]
Tesla is readying a production revamp of its top-selling Model Y, according to three people with knowledge of the plan. The changes to the Model Y – code-named Project Juniper – involve the exterior and interior of the electric vehicle (EV) with a target of starting production in 2024, according to two of the people, […]
Tesla Inc will cut assembly costs by half in future generations of cars, engineers told investors on Wednesday, but Chief Executive Elon Musk did not unveil when it will debut a much-awaited affordable electric vehicle. Shares fell more than 5% in after hours trade following the company’s investor day from its Texas headquarters. More than […]
Elon Musk will confront a critical challenge during Tesla’s Investor Day on March 1: Convincing investors that even though rivals are catching up, the electric-vehicle pioneer can make another leap forward to widen its lead. Tesla Inc was the No. 1 EV maker worldwide in 2022, but China’s BYD and others are closing the gap […]
A 77-year-old factory in a hard-luck Ohio town sputtered into high gear to produce a new line of electric garbage trucks. A short drive away, construction began on a $20 billion plant that will take pizza-sized silicon wafers and make them into computer chips used in everything from data centers to cars. The two Ohio […]
A 77-year-old factory in a hard-luck Ohio town sputtered into high gear to produce a new line of electric garbage trucks. A short drive away, construction began on a $20 billion plant that will take pizza-sized silicon wafers and make them into computer chips used in everything from data centers to cars. The two Ohio […]
Tesla Inc will recall more than 362,000 U.S. vehicles to update its Full Self-Driving (FSD) Beta software after U.S. regulators said on Thursday the driver assistance system did not adequately adhere to traffic safety laws and could cause crashes. The National Highway Traffic Safety Administration (NHTSA) said the Tesla software allows a vehicle to “exceed […]