Tesla seeks hearing on California regulator Autopilot allegations

California Declines Tesla's (TSLA) Challenge to Racial Bias Lawsuit

California's Office of Administrative Law, in a letter, declined to review Tesla Inc's (NASDAQ: TSLA) claim that the state's civil rights watchdog suing the company is rushing without conducting full investigations.

the Department of Civil Rights (DCR) has filed a pending lawsuit against... More

Ford (F) Announces 3,000 Job Cuts

Ford Motor Company (NYSE: F) announced on Monday that the company will cut 3,000 salaried and contract jobs as it restructures to catch up with Tesla (NASDAQ: TSLA) in the race for software driven electric vehicles. The cuts... More

Tesla (TSLA) to Raise FSD Price to $15K

Tesla (NASDAQ: TSLA) CEO, Elon Musk announced on Twitter Sunday that the electric vehicle company would be increasing the price of its full self-driving program by 25%. The price will increase to $15,000 from $12,000 on Sept. 5, Musk said in a tweet.

After wide... More

Judge Orders Tesla (TSLA) Case Against Former Engineer Goes to Arbitration

San Francisco federal judge James Donato ordered that a dispute between Tesla Inc (NASDAQ: TSLA) and its former engineer Alexander Yatskov to arbitration following a Thursday hearing.

Tesla sued Yatskov in May for allegedly taking confidential information about the company's Dojo AI-training supercomputer and... More

Lucid Motors (LCID) Introduces Tri-Motor Lucid Air Sapphire

American electric vehicle manufacturer Lucid Motors (NASDAQ: LCID) on Friday introduced Sapphire, Lucid's new ultra-high-performance brand. The new brand will be led by the worlds first fully electric luxury super-sports sedan, the new Lucid Air Sapphire.

With an expected price tag of $249,000, the Sapphire is equipped with the highly anticipated three-motor powertrain, featuring a new twin motor rear-drive unit and a single motor front-drive unit.

"With three state-of-the-art electric motors all developed and manufactured in-house by Lucid Lucid Air Sapphire reaches an entirely new level of performance," said Eric Bach, SVP of... More

Tesla (TSLA) Seeks Hearing Following Allegations by California Regulators

According to a report by Reuters published Thursday, electric vehicle giant, Tesla Inc. (NASDAQ: TSLA) has asked for a hearing to present a defense after it was accused by a California state transportation regulator of falsely advertising its Autopilot and Full Self-Driving features as providing... More