Tesla seeks hearing on California regulator Autopilot allegations
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California Declines Tesla's (TSLA) Challenge to Racial Bias Lawsuit
August 22, 2022 1:17 PM EDTCalifornia'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
August 22, 2022 12:07 PM EDTFord 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
August 22, 2022 10:48 AM EDTTesla (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
August 19, 2022 2:59 PM EDTSan 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
August 19, 2022 2:04 PM EDTAmerican 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
August 18, 2022 3:50 PM EDTAccording 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
