Tag TSLA

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Xpeng, the Chinese electric vehicle start-up backed by Volkswagen, has suspended a senior executive over alleged corruption. The company said Li Feng, a vice-president who oversaw supply chain procurement, was suspended after an internal investigation but gave no further details of the allegations. “This incident has had limited impact and will not disrupt our business or production processes,” Xpeng told the Financial Times on Wednesday, adding that it had a “strict stance” against corruption...

(Bloomberg) -- Huawei Technologies Co. has scored a hit in China with its latest electric vehicle, making its manufacturing partner Asia’s top stock over the past month and giving Tesla Inc. and other rivals reason to take notice. Most Read from BloombergIsrael Latest: Israeli Death Toll in Hamas Attack Reaches 1,200Hamas Got Around Israel’s Surveillance Prowess by Going DarkIsrael Latest: Top US General Warns Iran to Stay Out of ConflictAfghanistan’s Viral Supercar Makes Global Debut at Doha Sh...

Lucid has struggled with low production and delivery figures, resulting in significant financial losses. Read more to see a detailed analysis on LCID stock...

Tesla on Tuesday rejected claims by a German union and recent media reports that health and safety provisions at its gigafactory near Berlin were inadequate, stating that protecting workers' health was a top priority. The U.S. electric vehicle maker came under scrutiny in the past fortnight after German media citing local authority documents in Brandenburg reported an unusually high number of work-related accidents requiring workers to take at least three days of sick leave were occurring at the plant, which employs around 11,000 workers. On Monday, German union IG Metall said its membership numbers from Tesla workers were rising steeply amid concerns over health and safety as well as overwork...

Analysts handed Tesla several stock price target reductions early this week. One report predicted gross profit margins would continue falling through at least the fourth quarter. TSLA jumped Tuesday. Tesla announces its third-quarter earnings and revenue on Oct...

One such exhibition we might soon see is from Subaru, which is expected to release an all-new electric vehicle at the 2023 Tokyo Mobility Show in Japan later in October. Subaru also produces an electric vehicle, the Solterra, which was released in 2023 and starts at $44,995. According to auto enthusiasts and blog scuttlebutt, Subaru may unveil a "retro-inspired EV coupe," referred to as the "Subaru Sport Mobility concept," at the Tokyo Mobility Show...

Tesla is reportingly constructing a new bunker of sorts at its Austin, Texas headquarters. The facility, according to The Information, will house part of Dojo, the new supercomputer that Tesla has been designing to enhance its artificial intelligence efforts. This enhancement of Tesla's supercomputing efforts could eventually allow Tesla CEO Elon Musk to compete in yet another vertical: cloud computing...