"Tesla has the potential to become one of the most valuable software companies," UBS said. "This is the next battleground and main driver of valuation from here, in our view."
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Tesla still outsold rivals more than two times over, but it's a little victory for Ford.
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Illustration by Alex Castro / The Verge Samsung has submitted paperwork to Texas officials, requesting a billion dollars in tax incentives to make Austin the future home of the company’s $17 billion chip factory, as noted by Bloomberg and reported last month by the Austin American-Statesman. In the documents, which were filed in January, the company says it plans on bringing 1,800 permanent jobs to the factory over the first 10 years, with an average starting salary around $66K. In return, Samsung is asking for a break on its property taxes: it’s looking for a 100 percent break on its payments to Travis County for 20 years, which the company estimates would save it roughly $718 million, and a 50 percent break on the taxes to the City of Austin for five years, with an estimated... Continue reading…
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"Tesla is not going to be king of the hill in electric forever," former Tesla board member Steve Westly said, citing EV newcomers like GM.
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Transport Minister Nitin Gadkari says India is ready to offer incentives to bring down Tesla’s vehicle production costs and beat China.
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The reason for the slight delay in release date was that Tesla needs more time to build out the AI in the "full self-driving" software, Musk said.
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Volvo unveiled its first fully electric car, the XC40, in 2019. | Image: Volvo Swedish automaker Volvo says it will only sell electric cars by 2030, phasing out all diesel, petrol, and hybrid options in an effort to reduce global carbon emissions. The company previously aimed for half of its cars sales to be electric by 2025, but says the new strategy is an “acceleration” of this goal driven by “strong demand” for its electric options. The company also says future sales of its electric cars in “coming years” will be online-only. Volvo, which is owned by Chinese conglomerate Geely, launched its first fully-electric car, the XC40 Recharge, last year. The SUV has a roughly 200 mile range and can charge its batteries to 80 percent capacity in 40 minutes. In our time with the car we found it to be an “impressive blend... Continue reading…
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With the recent embrace by the likes of Tesla Inc and Mastercard Inc, bitcoin could be at the start of a massive transformation in going mainstream, Citi said in a report.The surge in interest drove bitcoin to a record high of $58,354 and a $1 trillion market capitalisation
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Paul Singer, the boss of $42 billion fund Elliott Management, also struck a pessimistic tone on bitcoin and Tesla.
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Sometimes you just want an electric car with decent range, low-key technology, and not much else Continue reading…
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Rivian could go public as soon as September, Bloomberg reports. Here's what you need to know about the startup.
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As dozens of new battery-powered, plug-in car models come to market, roadtrippers who bought anything but a Tesla are discovering that America’s charging infrastructure isn’t ready for prime time
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Neuralink's technology could help study and treat neurological disorders. Musk also claims it could one day meld human consciousness with AI.
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While it's true most electric car shoppers end up selecting a Tesla, the battle to win them over is wide open, according to a new survey from JD Power.
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The study on car-buying trends argued that Tesla "could be displaced by a worthy alternative," and people are open to other options.
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Fisker is promising more range and more power for its Ocean electric SUV than first expected, though the new EV is still a long way from production kicking off. The announcement, part of Fisker’s Q4 2020 financial results, comes on the heels of a new partnership between the automaker and Foxconn to produce the EV that will follow the Ocean. … Continue reading
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Microsoft co-founder isn’t mesmerized by the cryptocurrency.
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The billionaire was responding to unverified reports that he may be under regulatory scrutiny for his consistent touting of the coin.
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Tesla has temporarily halted production of the Model 3 at its Freemont factory in a move analyst Dan Ives of Wedbush called "chip shortage driven."
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Tesla has established a "significant first mover advantage" over new entrants in EV market, but Rivian, Lucid Motors, and Fisker are also attractive, says CFRA's Garrett Nelson.
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