Thursday, 21 June 2018

Tag Archives: Tesla

Elon Musk buys 72K of Tesla shares

LONDON: Tesla Chief Executive Officer Elon Musk bought 72,500 shares of the company’s common stock, a regulatory filing showed on Wednesday. Musk bought the shares at between $342.44 and $347.44 per share in multiple transactions on Tuesday and Wednesday. He is already the electric car maker’s largest shareholder and now ...

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Tesla has laid off about nine percent of its employees

NEW YORK: Tesla has laid off about nine percent of its employees, Electrek first reported. This is part of the reorganization Musk talked about in May on the company’s quarterly earnings call. The layoffs reportedly started on Monday and will be made official at some point today. Tesla, which also operates ...

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Tesla confirm driver had engaged autopilot in crash

WASHINGTON: The National Highway Traffic Safety Administration (NHTSA) said on Wednesday that it was sending a team to investigate the crash of a Tesla Model S in Utah last week. The driver of the Tesla said the car was in ‘Autopilot’ mode at the time of the crash when the ...

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California to allow self-driving cars on road

CALIFORNIA: Driverless cars will be tested in California for the first time without a person behind a steering wheel under new rules that state regulators approved Monday for the fast-developing technology. The regulations are a major step toward getting autonomous vehicles to dealerships and onto the streets of California, where ...

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Hackers used Tesla’s cloud to mine cryptocurrency

LONDON: The electric car maker was hit by hackers recently, something security researchers at cloud security firm RedLock revealed. RedLock said that the unprotected Kubernetes console that Tesla owns saw hackers getting into their systems, and mining cryptocurrency. Kubernetes is something Google designed, and is used to deploy and manage ...

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Tesla to build 250MW virtual power plant

PERTH: The South Australia Labor government has unveiled plans to build a 250MW “virtual power plant”, linking household rooftop solar and battery storage, in what it says will be the world’s biggest. The project aims to connect at least 50,000 households, beginning with low-income Housing Trust (social housing) properties, which ...

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Chinese Electric-Car Startup NIO Undercuts Tesla With Debut Model

LONDON: Chinese electric-car maker NIO has launched sales of its first vehicle three years after the company was founded, undercutting the price of a rival model from Tesla Inc. Chinese customers can buy the ES8 sports utility vehicle, with a range of 500 kilometers (311 miles) on a single charge, ...

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Tesla builds world’s largest battery

MELBOURNE: Tesla has built the world’s largest battery in less than 100 days, with founder Elon Musk tweeting his congratulations Thursday to the company team behind the effort. Congratulations to the Tesla crew and South Australian authorities who worked so hard to get this manufactured and installed in record time! ...

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Leadership the key to small to medium business sector

LONDON: Think innovation and leadership and it is hard to go past Elon Musk. The driver behind the Tesla electric vehicle has demonstrated that if you think big and do your research, nothing is impossible. “If you’re trying to create a company, it’s like baking a cake. You have to ...

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Elon Musk unveils Tesla electric truck

LONDON: Tesla has unveiled its first electric articulated lorry, designed to challenge diesel trucks as king of the road. The long-anticipated Tesla Semi has a range of 500 miles on a single charge. Tesla says the vehicle – known in the US as a semi-trailer truck – will go into ...

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