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Continue ReadingRecently, Tesla's operational metrics have deteriorated and aren't much better than the industry average anymore. Read more here...
Continue ReadingDespite an OK earnings season thus far, stocks are bearing the brunt of softening investor sentiment and corporate uncertainty...
Continue ReadingA Southern California jury finds that an advanced driver-assistance system didn’t have a manufacturing flaw...
Continue ReadingThe leading Tesla rivals in China are due to report EV sales for October, with startups Nio, Li Auto and XPeng on tap Wednesday. Chinese EV giant BYD is also on deck. Tesla does not report monthly EV sales...
Continue Reading(Reuters) -Tesla on Tuesday won the first U.S. trial over allegations that its Autopilot driver assistant feature led to a death, a major victory for the automaker as it faces several other similar lawsuits across the country. Tesla argued human error caused the crash. Representatives for Tesla and the plaintiffs did not immediately comment on the verdict...
Continue ReadingTesla on Tuesday won the first U.S. trial over allegations that its Autopilot driver assistant feature led to a death, a major victory for the automaker as it faces several other similar lawsuits across the country. The case, in a California state court, was filed by two passengers in a 2019 crash who accused the company of knowing Autopilot was defective when it sold the car. Tesla argued human error caused the crash...
Continue ReadingFain took over as UAW president in March. Occasionally wearing camo or a T-shirt that said “Eat the Rich,” Fain devised a Patton-like strategy to strike all three auto makers at once and to expand the strike seemingly without provocation or warning. Wages will rise about 25% over the life of the contract, wage tiers, which were prior concessions the Union made when auto makers were losing billions, are gone and there will be electric vehicle jobs filled by UAW workers...
Continue ReadingAfter two seemingly conflicting earnings reports this week, investors can be forgiven some confusion. ON Semiconductor—better known as OnSemi—saw its shares slide more than 20% on Monday following a disappointing third-quarter report. Wolfspeed saw its share price jump 20% Tuesday morning following its own results for the same period...
Continue ReadingShares of Tesla Inc. advanced 1.76% to $200.84 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ.....
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