Tesla is suing Tank & Rast, a large gas station operator in Germany, for the right to install charging stations along the Autobahn. Tank & Rast is in a near monopoly position as it holds the concession for almost all Autobahn rest stops in Germany and their filling stations. It used to be a state-owned company before it was privatized
eVTOL developer Joby Aviation announced it has signed a long-term supply agreement with Toyota Motor Corporation to support a mutual goal of reaching mass production of electric passenger aircraft in the US. The agreement extends upon an existing partnership between the two companies. Joby Aviation, Inc. ($JOBY) is a California-based company developing electric, vertical takeoff
In this article LYFT Follow your favorite stocksCREATE FREE ACCOUNT Ramin Talaie | Corbis News | Getty Images Ride-sharing app Lyft will lay off 1,072 employees, roughly 26% of its corporate workforce, and won’t hire for an additional 250 positions, the company said in an SEC filing Thursday. The news comes a week after a
Spain is believed to have recorded its hottest ever April day. A temperature of 38.7C (101.66F) was provisionally recorded at Cordoba Airport on Thursday, according to the Met Office. The record was broken as the country continued to swelter extreme temperatures which also saw a horse die and another collapse while pulling passenger carriages through
In this article DBX Follow your favorite stocksCREATE FREE ACCOUNT Dropbox CEO Drew Houston speaks onstage during the Dropbox Work In Progress Conference at Pier 48 on September 25, 2019 in San Francisco Matt Winkelmeyer | Dropbox | Getty Images Dropbox on Thursday announced plans to cut 500 employees, or about 16% of its workforce,
Colorado is considering a regulation that would ban noisy, polluting gas-powered lawnmowers and leafblowers in the state as of 2025. It’s similar to a California rule which goes into place in 2024, but Colorado’s goes even further and would ban government and commercial use, along with sales. Gas-powered lawnmowers and leafblowers are surprisingly big polluters
Tesla’s (TSLA) inventory in the US has reached a new high, which is worrisome at this time in the quarter, and it is pointing to price cuts maybe not working as well as the automaker intended. Since the beginning of the year, Tesla has consistently reduced prices of its electric vehicles in the US to
Police have launched a murder investigation and are on the hunt for the partner of a pregnant teacher who was found dead in Glasgow. Officers are searching for David Yates after the body of Marelle Sturrock, 35, was discovered at a property in the city’s Jura Street on Tuesday morning. On Thursday, Police Scotland confirmed
Twitter CEO Elon Musk speaks at the “Twitter 2.0: From Conversations to Partnerships,” marketing conference in Miami, Florida, on April 18, 2023. Chandan Khanna | AFP | Getty Images After being spotted on Capitol Hill on Wednesday, Elon Musk tweeted that he’d met with Senate Majority Leader Chuck Schumer, D-N.Y., and other lawmakers about artificial
Tesla has decided to use a bizarre defense in a lawsuit brought by the family of a Tesla owner who died in an accident while using Autopilot a few years ago. The automaker claimed that CEO Elon Musk shouldn’t be made available to explain some of his statements on self-driving because some of the public
In this article BP.-GB Follow your favorite stocksCREATE FREE ACCOUNT BP, which was one of the first energy giants to announce an ambition to cut emissions to net zero “by 2050 or sooner,” has urged shareholders to oppose the resolution put forward by Follow This. Sopa Images | Lightrocket | Getty Images BP is bracing
Elon Musk has been ordered to be interviewed under oath to determine if he made specific statements about Tesla’s Autopilot feature after the carmaker threw their authenticity into doubt, saying the billionaire was often a target of online “deepfakes”. A judge in California made the tentative ruling after raising concerns that such arguments could be
Strike action planned by the nurses’ union on 2 May has been deemed unlawful, the High Court has ruled. The court ruled the industrial action was not covered by the current mandate, with unions needing to hold a ballot every six months to legally hold strikes. The upcoming walkout was challenged by Health Secretary Steve
South Korean President Yoon Suk Yeol met with Tesla CEO Elon Musk in Washington, D.C. today during a six-day visit to the US. The meeting was at Musk’s request to discuss the possibility of building a Tesla gigafactory in Korea. Yonhap, a Korean news agency, summarized the meeting, saying that Yoon emphasized that “South Korea
Infosys founder Narayana Murthy sees tech layoffs in the U.S. as an opportunity for India. “I look at these things [such as tech layoffs] as part of a business cycle. The curve goes up and down, up and down. So I would not be that much worried,” Murthy told The CNBC Conversation. related investing news
British nationals in Sudan have been warned the UK “cannot guarantee” how many more evacuation flights will leave Khartoum after the 72-hour ceasefire expires. So far, 536 British nationals have been airlifted to safety on six flights, according to the Foreign Office. The US-Saudi mediated ceasefire between Sudan’s two warring factions is due to expire
Samsung at the Mobile World Congress 2023 on March 2, 2023, in Barcelona, Spain. (Photo by Joan Cros/NurPhoto via Getty Images) Joan Cros | Nurphoto | Getty Images South Korean electronics giant Samsung’s operating profit plunged in the first quarter as prices for its memory chips continued to fall and demand remained weak. Here are
In this article META Follow your favorite stocksCREATE FREE ACCOUNT Mark Zuckerberg, co-founder and CEO of Meta Platforms, in July 2021. Kevin Dietsch | Getty Images News | Getty Images Meta can thank Chinese retailers for helping lift the company’s first-quarter sales after three consecutive quarters of revenue declines. As chief financial officer Susan Li
Tesla has decided to make its controversial “yoke” steering wheel an option, and it is even asking for a $250 premium for it. When Tesla unveiled the new Model S with the “yoke” butterfly steering wheel, it was controversial. Some were worried about the actual shape of the wheel being problematic, while others were concerned
4:42 PM ET Colorado players who have entered the transfer portal will have access to practice film from 2022 and earlier, the team said Wednesday, in response to players who had been denied access to the footage. Tight end Zachary Courtney and outside linebacker Kaden Ludwick both told ESPN that when asked, the team would