Category: Tesla Motors Inc

Tesla to Build Factory in Shanghai for Large-Scale Batteries

The company plans to break ground this year on a plant that will produce 10,000 of its energy-storage units known as Megapacks annually.
Jury Says Tesla Must Pay Worker $3.2 Million Over Racist Treatment

A former Tesla factory worker, who is Black, challenged a judge’s earlier award of $15 million, but came away with less in a new trial.
Tesla Sales Jumped in the First Quarter

The New York Times – Business:
The electric car company’s decision to slash prices appears to have paid off in reviving demand.
Tesla and Musk Lose Ruling on Factory Union Issues

The New York Times – Business:
A court upheld a finding that Tesla wrongly fired a worker involved in labor organizing and that a Twitter post by Elon Musk was illegally anti-union.
New Rules Will Make Many Electric Cars Ineligible for Tax Credits

The New York Times – Business:
The Biden administration hopes its guidelines for up to $7,500 in tax credits will encourage automakers to reduce their reliance on China for batteries and raw materials.
Falling Lithium Prices Are Making Electric Cars More Affordable

The New York Times – Business:
An unexpected decline in the price of an essential battery material, along with those of other commodities, is good news for buyers. But experts disagree on how long low prices will last.
China’s New Premier Needs to Revive Growth. How Far Will Loyalty Get Him?

The New York Times – Business:
Li Qiang’s business-friendly reputation could bolster confidence in China’s economy. But he is stepping into a role with diminished power under Xi Jinping.
Tesla Could Start Making Cars in Mexico Next Year, Governor Says

The New York Times – Business:
The governor of Nuevo León said a Tesla official had told him that the company’s plant there would be among its biggest and go up in record time.
Biden Is Expected to Veto an Anti-E.S.G. Resolution From Congress

The New York Times – Business:
President Biden is expected to use his first veto to protect environmental, social and corporate governance investment considerations in retirement plans.
Tesla to Unveil New ‘Master Plan’ in Bid to Regain Momentum

The New York Times – Business:
Elon Musk is expected to announce plans for a new factory in Mexico and an array of other measures to win back investors’ favor.
Judge Hears Final Arguments in Suit Over Musk’s Tesla Pay

The New York Times – Business:
Shareholders’ lawyers challenged the board’s contention that Elon Musk’s record-setting compensation was deserved and an effective tool of motivation.
China’s Leading Electric Carmaker Has Arrived in Germany

The New York Times – Business:
BYD is a powerhouse in China and sells the most electric vehicles of any company in the world. Now it has a plan to attract buyers in Europe’s largest economy.