tesla

  1. Hanno Labuschagne

    Mozambique unrest hits Tesla graphite supply

    Mozambique unrest hits Tesla graphite supply Mozambique’s economy is buckling as weeks of intensifying election protests evolve into a revolt that’s increasingly being felt beyond the borders of the southern African nation. The unrest prompted Tesla Inc. supplier Syrah Resources Ltd. to...
  2. Hanno Labuschagne

    Tesla back in trillion-dollar club after Trump win

    Tesla back in trillion-dollar club after Trump win A breakneck rally in Tesla Inc. shares on Friday catapulted the electric vehicle maker’s market value back over the coveted trillion-dollar mark, as investors bet that Donald Trump’s return to the White House can be a positive force for Elon...
  3. Hanno Labuschagne

    Tesla share surge wipes out short-seller 2024 profits

    Tesla share surge wipes out short-seller 2024 profits Tesla Inc.’s blowout earnings caught everyone off guard. But it was the bears who paid the price this week. The electric-vehicle maker’s results delivered a gut-punch to short-sellers — investors who make money by betting that a security...
  4. Hanno Labuschagne

    Tesla Model 3 deposit refunds in South Africa

    Hey everyone I'm looking for people who put down the $1,000 deposit on a Tesla Model 3 back when the company was still planning to launch in SA. I believe it opened deposits in 2016. Recently spoke to someone who got tired of waiting for a local launch and ended up buying an EX30. He is...
  5. Hanno Labuschagne

    All the legal fights Elon Musk and his companies are up against

    All the legal fights Elon Musk and his companies are up against Elon Musk and his companies are embroiled in dozens of lawsuits, ranging from fatal crashes blamed on Tesla Inc.’s Autopilot system to civil rights complaints over the treatment of employees. Tesla’s board and Musk were hit...
  6. Tim_vb

    Elon Musk confirms his threat: give me 25% of Tesla or you don’t get AI and robotics

    ...the CEO suggested that he is “uncomfortable” building AI products at Tesla unless he has “25% control over the company” – something he doesn’t have right now – partly because he decided to sell tens of billions of dollars worth of Tesla shares to buy Twitter. Musk currently owns about 13% of...
  7. Hanno Labuschagne

    Tesla firing nearly entire Supercharger team

    Tesla firing nearly entire Supercharger team Elon Musk has upended a deal the White House saluted early last year to open Tesla Inc.’s electric vehicle (EV) chargers to other automakers, dealing a blow to President Joe Biden’s EV agenda. Musk decided in the last week to eliminate almost the...
  8. Hanno Labuschagne

    Tesla moves production of cheaper cars forward

    Tesla moves production of cheaper cars forward Tesla Inc. is accelerating the launch of less-expensive cars in a bid to revive sagging demand following another disappointing quarter. The electric vehicle (EV) maker aims to start production of new models as soon as this year, well ahead of the...
  9. Hanno Labuschagne

    Tesla slashes prices again

    Tesla slashes prices again Tesla Inc. spent the weekend cutting prices of its models across China, Europe and the US amid slumping sales and a glut of inventory. Late Saturday, the company led by Elon Musk also slashed the price of the driver-assistance software that it calls Full...
  10. Hanno Labuschagne

    Nearly 4,000 Cybertrucks recalled over stuck accelerators

    Nearly 4,000 Cybertrucks recalled over stuck accelerators Tesla Inc. recalled 3,878 Cybertruck pickups to rework or replace accelerator pedals that can dislodge and cause the vehicle to unintentionally accelerate, increasing risk of a crash. The carmaker received notice of two customer claims...
  11. Hanno Labuschagne

    Musk's R1.06-trillion Tesla payday up for another shareholder vote

    Musk's R1.06-trillion Tesla payday up for another shareholder vote Tesla Inc. will ask shareholders to vote again on the same $56-billion (R1.06-trillion) compensation package for chief executive officer Elon Musk that was voided by a Delaware court early this year. In its proxy filing issued...
  12. Hanno Labuschagne

    Tesla's largest-ever staff cuts include two top execs

    Tesla's largest-ever staff cuts include two top execs Two of Tesla Inc.’s top executives have left in the midst of the carmaker’s largest-ever round of job cuts, as slowing electric-vehicle demand leads the company to reduce its global headcount by more than 10%. The cuts could reach closer to...
  13. Hanno Labuschagne

    Tesla could see first quarterly sales drop since 2020

    Tesla could see first quarterly sales drop since 2020 Tesla Inc. may be headed for a gloomy milestone as waning demand for electric vehicles and elevated interest rates take a toll on sales. Analysts rapidly lowered their projections for this week’s deliveries report as the quarter came to a...
  14. Hanno Labuschagne

    Xiaomi's SU7 EV launching on Thursday

    Xiaomi's SU7 EV launching on Thursday Xiaomi Corp.’s $8 billion stock rally faces a key test when the Chinese smartphone giant unveils its first electric vehicle Thursday, as it attempts to muscle into an unfamiliar and intensely competitive market. It will start selling its SU7 series in...
  15. Hanno Labuschagne

    Best EVs not for sale in SA

    Best EVs not for sale in SA While the number of electric vehicle (EV) models on sale in South Africa has jumped in the past few years, many of the world's best-reviewed options are unavailable locally. There were nearly 30 distinct EV models on sale in South Africa at the end of 2023, with...
  16. Hanno Labuschagne

    Lexus tops driver assistance safety rankings — beating Tesla and Mercedes-Benz

    Lexus tops driver assistance safety rankings — beating Tesla and Mercedes-Benz One of the auto industry’s most closely watched evaluators of safety has put carmakers’ driver-assistance systems to the test, and the results aren’t pretty. A system Toyota Motor Corp. offers on the Lexus LS sedan...
  17. Hanno Labuschagne

    Bezos retakes world's richest crown from Musk

    Bezos retakes world's richest crown from Musk For the first time in more than nine months, Elon Musk is no longer the world’s richest person. Musk lost his position atop the Bloomberg Billionaires Index to Jeff Bezos after shares in Tesla Inc. tumbled 7.2% on Monday. [Bloomberg]
  18. Hanno Labuschagne

    Nvidia stock boom reminiscent of Tesla hype

    Nvidia stock boom reminiscent of Tesla hype Nvidia Corp.’s rise is captivating the stock market and driving the S&P 500 Index to new highs. But it also raises cautionary reminders of another investor darling that soared on dreams of a technological transformation, only to tumble back to earth...
  19. Hanno Labuschagne

    The story of the Joule — SA's early attempt at becoming an EV giant

    The story of the Joule — SA's early attempt at becoming an EV giant South Africa was close to being one of the first countries to mass-produce passenger electric vehicles (EVs), but unrealistically ambitious sales targets and another costly failed government-funded scientific project saw Tesla...
  20. Hanno Labuschagne

    BYD executive warns Musk over Tesla's AI focus

    BYD executive warns Musk over Tesla's AI focus A senior executive at BYD Co. stoked the Chinese automaker’s rivalry with Tesla Inc., warning Elon Musk that he’ll face challenges in intelligent driving systems. BYD is “very strong now,” Zhao Changjiang, the head of sales for the firm’s Denza...
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