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California Declines Tesla's (TSLA) Challenge to Racial Bias Lawsuit
August 22, 2022 1:17 PM EDTCalifornia's Office of Administrative Law, in a letter, declined to review Tesla Inc's (NASDAQ: TSLA) claim that the state's civil rights watchdog suing the company is rushing without conducting full investigations.
the Department of Civil Rights (DCR) has filed a pending lawsuit against... More
Ford (F) Announces 3,000 Job Cuts
August 22, 2022 12:07 PM EDTFord Motor Company (NYSE: F) announced on Monday that the company will cut 3,000 salaried and contract jobs as it restructures to catch up with Tesla (NASDAQ: TSLA) in the race for software driven electric vehicles. The cuts... More
Tesla (TSLA) to Raise FSD Price to $15K
August 22, 2022 10:48 AM EDTTesla (NASDAQ: TSLA) CEO, Elon Musk announced on Twitter Sunday that the electric vehicle company would be increasing the price of its full self-driving program by 25%. The price will increase to $15,000 from $12,000 on Sept. 5, Musk said in a tweet.
After wide... More
Judge Orders Tesla (TSLA) Case Against Former Engineer Goes to Arbitration
August 19, 2022 2:59 PM EDTSan Francisco federal judge James Donato ordered that a dispute between Tesla Inc (NASDAQ: TSLA) and its former engineer Alexander Yatskov to arbitration following a Thursday hearing.
Tesla sued Yatskov in May for allegedly taking confidential information about the company's Dojo AI-training supercomputer and... More
Lucid Motors (LCID) Introduces Tri-Motor Lucid Air Sapphire
August 19, 2022 2:04 PM EDTAmerican electric vehicle manufacturer Lucid Motors (NASDAQ: LCID) on Friday introduced Sapphire, Lucid's new ultra-high-performance brand. The new brand will be led by the worlds first fully electric luxury super-sports sedan, the new Lucid Air Sapphire.
With an expected price tag of $249,000, the Sapphire is equipped with the highly anticipated three-motor powertrain, featuring a new twin motor rear-drive unit and a single motor front-drive unit.
"With three state-of-the-art electric motors all developed and manufactured in-house by Lucid Lucid Air Sapphire reaches an entirely new level of performance," said Eric Bach, SVP of... More
