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Ford Motor puts $500 million into electric pickup producer Rivian

6 hours ago DieselGasoil Comments Off on Ford Motor puts $500 million into electric pickup producer Rivian
(Reuters) – Ford Motor said on Wednesday it was investing $500 million in U.S. electric pickup truck startup Rivian Automotive LLC, becoming the latest deep pocket investor in the firm, which is seen as a potential rival to Silicon Valley’s Tesla Inc (TSLA.O). FILE PHOTO: R.J. Scaringe, Rivian’s 35-year-old CEO, introduces his company’s R1T all-electric Read More

Tesla promises return to profit in third quarter after large loss, may raise more capital

13 hours ago DieselGasoil Comments Off on Tesla promises return to profit in third quarter after large loss, may raise more capital
(Reuters) – Tesla Inc lost $700 million in the first quarter but predicted it would return to profit in the third quarter as it cuts costs and improves delivery after facing issues ramping up shipments outside the United States. FILE PHOTO: A Tesla logo is seen at a groundbreaking ceremony of Tesla Shanghai Gigafactory in Read More

Tesla promises return to profit after first-half losses

14 hours ago DieselGasoil Comments Off on Tesla promises return to profit after first-half losses
FILE PHOTO: A Tesla logo is seen at a groundbreaking ceremony of Tesla Shanghai Gigafactory in Shanghai, China January 7, 2019. REUTERS/Aly Song (Reuters) – Tesla Inc said on Wednesday it would return to profit in the third quarter of 2019 after racking up two consecutive losses in the first half of the year, as Read More

Exclusive: Behind Airbnb’s bet on show business to hook travelers

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SAN FRANCISCO (Reuters) – Hollywood has a new suitor in Silicon Valley. FILE PHOTO: The logos of Airbnb are displayed at an Airbnb event in Tokyo, Japan, June 14, 2018. REUTERS/Issei Kato Airbnb Inc, the high-flying startup for booking home rentals around the world, has ambitions to develop a slate of original shows to whet Read More

Tesla upgrades Model S, X cars, brings backs cheaper variants

1 day ago DieselGasoil Comments Off on Tesla upgrades Model S, X cars, brings backs cheaper variants
FILE PHOTO: A Tesla logo is seen in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson/File Photo (Reuters) – Tesla Inc, struggling with delay in delivery of its higher-priced Model S and X luxury cars, said on Tuesday it will bring back lower-priced options for those cars and roll out upgrades to improve their Read More

Model S fire video adds to Tesla woes pre-results

3 days ago DieselGasoil Comments Off on Model S fire video adds to Tesla woes pre-results
SHANGHAI (Reuters) – Video of a parked Tesla Inc Model S exploding and a Wall Street downgrade of the electric carmaker’s stock pushed shares down 4 percent on Monday, as it prepared to issue results for a troubled first quarter. FILE PHOTO: A Tesla logo is seen on a wheel rim during the media day Read More

Robot news presenter causes a stir on Russian TV

5 days ago DieselGasoil Comments Off on Robot news presenter causes a stir on Russian TV
Russian state news channel Rossiya 24 has introduced a robot presenter for some of its bulletins. ‘Alex’ has already caused a stir, with some viewers complaining about his appearance and accusing him of peddling political propaganda. The robot was developed by Promobot in the city of Perm. His silicon head is modelled on the face Read More

Tesla to shrink board to seven directors from 11

5 days ago DieselGasoil Comments Off on Tesla to shrink board to seven directors from 11
(Reuters) – Tesla Inc said on Friday that four members of its eleven-member board would be leaving over the next two years, as the electric car company looks to streamline its board. FILE PHOTO: A Tesla logo is seen in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson/File Photo Brad Buss, Antonio Gracias, Stephen Read More

SEC fines Prosper Funding $3 million for overstating net returns to investors

6 days ago DieselGasoil Comments Off on SEC fines Prosper Funding $3 million for overstating net returns to investors
FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011. REUTERS/Jonathan Ernst/File Photo WASHINGTON (Reuters) – The Securities and Exchange Commission on Friday said Silicon Valley-based Prosper Funding LLC will pay a $3 million penalty for miscalculating and materially overstating annualized net returns Read More

Unfriended: Facebook under fire from media ‘baying for blood’

1 week ago DieselGasoil Comments Off on Unfriended: Facebook under fire from media ‘baying for blood’
Several negative stories about Facebook are filling the news vacuum after the Notre Dame fire, as the social media behemoth finds itself in the crosshairs of media and Democrats still seeking a scapegoat for the 2016 election. In the early hours of Tuesday, NBC News published a special report about “secret documents” supposedly revealing Facebook Read More