Category: Electric and Hybrid Vehicles

Elon Musk Said Tesla Buyout Plan Didn’t Involve ‘a Specific Number’

The New York Times – Business:
Under questioning, Mr. Musk said he hadn’t discussed how much money investors would put in to help him take his car company private.
Elon Musk Says Saudi Fund Wanted to Take Tesla Private

The New York Times – Business:
Mr. Musk is testifying in a lawsuit filed by investors who claim that his statements about a plan to take Tesla private in 2018 caused them to lose billions of dollars.
Elon Musk Testifies That His Tweets Did Not Drive Tesla’s Stock Price

The New York Times – Business:
The chief executive of Tesla testified in a federal civil trial about a 2018 plan to take the automaker private that fizzled out.
British Battery Start-Up Files for Bankruptcy

The New York Times – Business:
The failure of Britishvolt is a blow to Britain’s plans to promote the manufacture of electric cars, and threatens the future of its automotive industry.
Elon Musk’s Appetite for Destruction

The New York Times – Business:
A wave of lawsuits argue that Tesla’s self-driving software is dangerously overhyped. What can its blind spots teach us about the company’s erratic C.E.O.?
Elon Musk Faces Trial Over His 2018 Plan to Take Tesla Private

The New York Times – Business:
Investors are seeking billions of dollars in damages for their losses after Mr. Musk posted a proposal on Twitter that never materialized.
Tesla Cuts Prices Sharply as It Moves to Bolster Demand

The New York Times – Business:
The price reductions in the United States will make more of the company’s electric vehicles eligible for a federal tax credit.
Korean Solar Company Plans to Build $2.5 Billion Plant in Georgia

The New York Times – Business:
Hanwha Qcells expects to make solar panels and their components in the United States to take advantage of President Biden’s climate policies.
Mercedes-Benz Plans to Build U.S. Electric Car Charging Network

The New York Times – Business:
The network could help increase the low number of charging stations, encouraging more people to buy electric vehicles.
Ford Sales Dipped in 2022, but Electric Vehicle Deliveries Surged

The New York Times – Business:
The company’s production was limited by a global chip shortage but it made big gains in the fastest-growing segment of the auto market.
Tesla Sales in China Slump as Competition Intensifies

The New York Times – Business:
Worry about the carmaker’s sales in the world’s largest car market is one reason the shares have plunged.
Auto Sales Likely Fell in 2022 Because of Supply Chain Chaos

The New York Times – Business:
Automakers have been hampered by the supply of semiconductors and higher interest rates.