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Tesla, Elon Musk win dismissal of lawsuit over Model 3 production

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FILE PHOTO: A Tesla Model 3 car is displayed during a media preview at the Auto China 2018 motor show in Beijing, China April 25, 2018. REUTERS/Jason Lee/File Photo SAN FRANCISCO (Reuters) – A federal judge in San Francisco dismissed for the second time a securities fraud lawsuit brought by Tesla Inc shareholders alleging that Read More

Tesla lagging behind competitors in European EV markets

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CEO Elon Musk and the Tesla team have succeeded in making their company the most widely used electric vehicle brand name, but this has not yet led to global EV (electric vehicle) sales dominance. Competitor BMW just issued a report conducted by global consulting firm IHS Markit and based on new vehicle registrations from Feb. 2018 to Feb. Read More

Boeing’s latest crashes pose serious risk to global AI development – analysts

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Two deadly crashes involving Boeing’s newest airplane in less than six months puts in jeopardy not only the credibility of the manufacturer, but also new technologies actively being pushed by the world’s top tech firms. All Boeing 737 MAX 8 planes operated by global carriers were grounded earlier this month after an Ethiopian Airlines aircraft Read More

Musk's lawyers call tweet in SEC's contempt bid 'not material'

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FILE PHOTO: SpaceX founder Elon Musk looks on at a post-launch news conference after the SpaceX Falcon 9 rocket, carrying the Crew Dragon spacecraft, lifted off on an uncrewed test flight to the International Space Station from the Kennedy Space Center in Cape Canaveral, Florida, U.S., March 2, 2019. REUTERS/Mike Blake NEW YORK (Reuters) – Read More

Musk's lawyers say U.S. SEC has not met heavy burden to show contempt

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FILE PHOTO: SpaceX founder Elon Musk looks on at a post-launch news conference after the SpaceX Falcon 9 rocket, carrying the Crew Dragon spacecraft, lifted off on an uncrewed test flight to the International Space Station from the Kennedy Space Center in Cape Canaveral, Florida, U.S., March 2, 2019. REUTERS/Mike Blake NEW YORK (Reuters) – Read More

Wall Street stumbles as investors spooked by signs of economic slowdown

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NEW YORK (Reuters) – Wall Street stocks sold off sharply on Friday, with all three major U.S. stock indexes dropping between 1 and 2 percent as weak factory data from the United States and Europe led to an inversion of U.S. Treasury yields, fueling fears of a global economic downturn. Traders work on the floor Read More

Tesla's Musk tells employees vehicle deliveries 'primary priority' near end of first quarter

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FILE PHOTO: Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China January 7, 2019. REUTERS/Aly Song/File Photo (Reuters) – Tesla Inc’s vehicle deliveries scheduled across Europe, China and North America should be a “primary priority” for all employees during the last 10 days of the first quarter, Chief Executive Officer Read More

From California to Oslo: foreign subsidies fuel Norway's e-car boom, for now

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OSLO (Reuters) – On the outskirts of Oslo, a row of Fiat 500es imported from California stand parked in the snow outside the Buddy Electric dealership, part of a global flow of pre-owned electric cars to Norway powered by green subsidies elsewhere in the world. Maiken Skram of Buddy Electric car dealer company shows the Read More

Ford adds production of electric vehicles at second North American site

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DETROIT (Reuters) – Ford Motor Co said on Wednesday it is adding production of a fully electric vehicle at a second North American plant as part of its $11 billion investment plan set last year. FILE PHOTO: The Ford logo is seen at the North American International Auto Show in Detroit, Michigan, U.S., January 15, Read More

Volvo expects electric car margins to match conventional vehicles by 2025

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FILE PHOTO: An electric vehicle charging cable is seen on the bonnet of a Volvo hybrid car in this picture illustration taken July 6, 2017. REUTERS/Phil Noble/Illustration GOTHENBURG (Reuters) – Volvo Cars expects its margins on electric cars to match those of vehicles with combustion engines by 2025, the head of the Chinese-owned Swedish carmaker Read More