• Tesla wins case against Gigafactory whistleblower

    Tesla wins case against Gigafactory whistleblower

    Tesla has won its case against a whistleblower who was fired for hacking and transferring company data to a news publication. The electric automaker had filed a lawsuit against former Gigafactory employee Martin Tripp in 2018 after he got caught leaking an exposé to Business Insider. According to the information Tripp leaked, Tesla was shipping …
  • Nikola’s stock slides amid questions from short-seller

    Nikola’s stock slides amid questions from short-seller

    Shares of Nikola sank 7 percent on Tuesday after the short-selling research house that alleged the electric truck maker misled investors over its technology said the company had failed to address most of its queries. Nikola has rejected the accusations and threatened to take legal action against short-seller Hindenburg since its research into the company sparked …
  • Shares of Tesla rival Nikola crater after ‘fraud’ accusation

    Shares of Tesla rival Nikola crater after ‘fraud’ accusation

    One of Tesla’s main rivals is planning to take legal action against an activist short-seller that accused it of being “an intricate fraud.” Shares of electric automaker Nikola — which like Tesla is named after the 19th-century inventor — were down more than 15 percent Friday afternoon after a report from Hindenburg Research accused founder …
  • Volkswagen’s new electric car panned by German auto magazine

    Volkswagen’s new electric car panned by German auto magazine

    The newest electric car from Volkswagen has been critically panned by a German auto magazine, which said the vehicle fell short of the world’s largest automaker’s usual standards. In addition to sub-par fit and finish, with “Auto Motor und Sport” describing the inside of the hood as looking “like it was painted with a spray …
  • Uber promises every vehicle will be electric by 2040

    Uber promises every vehicle will be electric by 2040

    Uber on Tuesday said every vehicle on its global ride-hailing platform will be electric by 2040, and it vowed to contribute $800 million through 2025 to help drivers switch to battery-powered vehicles, including discounts for vehicles bought or leased from partner automakers. Uber, which as of early February said it had 5 million drivers worldwide, …
  • GM takes $2B stake in Nikola, will produce Tesla rival’s electric truck

    GM takes $2B stake in Nikola, will produce Tesla rival’s electric truck

    General Motors has taken an 11 percent stake in electric-vehicle maker Nikola, through a multibillion-dollar partnership with the Tesla rival announced Tuesday. Under the deal, GM will get $2 billion in Nikola stock to engineer and manufacture the all-electric Badger pickup truck that the Phoenix-based startup first unveiled in February. Nikola will also get access …
  • Tesla skyrockets to new record high, leaving rivals in the dust

    Tesla skyrockets to new record high, leaving rivals in the dust

    Tesla shares continued their meteoric rise on Thursday, scoring yet another record high and further expanding the distance between the Silicon Valley electric carmaker and its traditional auto industry rivals. Tesla shares rose to $2,290 in mid-day trading before leveling out at $2,240, the highest price since the company went public at $17 a share …
  • Tesla shares rise as company moves closer to S&P 500

    Tesla shares rise as company moves closer to S&P 500

    Tesla shares extended their rally on Wednesday ahead of a quarterly report from the electric-car maker that might clear the way for it to join the S&P 500 and attract some $40 billion in new demand for the stock. A net profit, under Generally Accepted Accounting Principles, would mark four consecutive profitable quarters, a first …
  • Germany forbids Tesla’s ‘misleading’ autonomous-driving claims

    Germany forbids Tesla’s ‘misleading’ autonomous-driving claims

    Germany has banned Tesla from repeating what a court says are misleading advertising statements relating to the capabilities of the firm’s driver assistance systems and to autonomous driving, a Munich judge ruled on Tuesday. Tesla can appeal the ruling. The case was brought by Germany’s Wettbewerbszentrale, an industry-sponsored body tasked with policing anti-competitive practices. The …
  • Tesla slashes price of Model Y SUV as coronavirus hurts demand

    Tesla slashes price of Model Y SUV as coronavirus hurts demand

    Tesla on Monday slashed the price of its Model Y SUV by $3,000, just four months after its launch, as it looks to keep up its strong sales numbers amid the global pandemic. The Model Y now starts at $49,990, down nearly 6 percent from its previous price of $52,990, according to Tesla’s website. The …