Tag: RATI: SUSTAINABLE EV SUPPLY CHAIN
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Exclusive: EU drafts plan to allow electric cars with combustion engine
Brussels proposes an exception for electric fuel cars from 2035 Germany is still examining EU draft proposal Berlin sees the technological state as problematic Goal to make a decision by Thursday BERLIN/BRUSSELS, March 21 (Reuters) – The European Commission has drawn up a plan to allow the sale of new combustion engine cars after 2035 […]
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Rivian plans to sell $1.3 billion in bonds to bolster capital, shares fall
SAN FRANCISCO, March 6 (Reuters) – Rivian Automotive (RIVN.O) plans to sell bonds worth $1.3 billion, it said Monday, as declining demand and high costs ease the cash crisis surrounding electric vehicle manufacturers sharpen. Shares in Rivian fell nearly 7% in after-hours trading. Initial investors will have an option to purchase an additional $200 million […]
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Tesla slashes prices of Model S and Model X variants in US – website
March 5 (Reuters) – Tesla Inc (TSLA.O) has lowered the prices of its Model S and Model X vehicles in the United States, the website revealed, days after CEO Elon Musk said recent price cuts on other models fueled the demand. Tesla’s Model S car prices were slashed by $5,000. The base Model S version […]
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Mexico cannot match US incentives for proposed Tesla battery factory, minister says
MEXICO CITY, March 3 (Reuters) – Mexico would not be able to match the incentives offered by a US law to curb inflation if Tesla Inc builds a battery factory in the country, Mexico’s finance minister said on Monday Friday, days after Tesla announced construction of a “gigafactory” there. Tesla (TSLA.O) has not confirmed whether […]
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Elon Musk’s ‘Master Plan’ for Tesla Fails to Charge Investors
March 2 (Reuters) – Shares of Tesla Inc (TSLA.O) fell about 7% on Thursday, after Chief Executive Elon Musk and the team’s four-hour presentation failed to impress investors looking for an announcement about an affordable electric car and a plan with a concrete timeline. Musk and more than a dozen executives presented new plans to […]
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Musk: ‘AI causes me stress’
DETROIT, March 1 (Reuters) – Elon Musk has often clashed with securities regulators and road safety authorities, but there is one area the government should regulate now, according to the Tesla and Twitter chief: artificial intelligence. “AI is stressing me out,” Musk said toward the end of a more than three-hour presentation to Tesla investors […]
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Tesla vows to cut EV production costs in half, Musk keeps affordable car plan a secret
SAN FRANCISCO, March 1 (Reuters) – Tesla Inc (TSLA.O) will cut assembly costs in half in future generations of cars, engineers told investors Wednesday, but Chief Executive Elon Musk did not reveal when it will debut the long-awaited affordable electric car . Shares fell more than 5% in after-hours trading following the company’s investor day […]
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How Elon Musk missed his goals of delivering affordable cars
March 1 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk is expected to lay out the details of affordable electric cars at the company’s Investor Day in Texas on Wednesday, where he unveiled the EV’s “Master Plan 3” maker will reveal. Musk said making an affordable car has been his “dream” since joining the […]
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Mexican president gives green light for Tesla plant in northern Mexico
MEXICO CITY, Feb. 28 (Reuters) – Electric vehicle manufacturer Tesla Inc. (TSLA.O) will build a new plant in the northern Mexican city of Monterrey, President Andres Manuel Lopez Obrador said Tuesday, allaying concerns his administration could block the deal over water shortages. The news gives a boost to Mexico, which is working to establish itself […]
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Elon Musk recruits team to develop OpenAI’s ChatGPT rival – The Information
Feb. 27 (Reuters) – Elon Musk has been approaching AI researchers in recent weeks about forming a new research lab to develop an alternative to OpenAI’s ChatGPT, the information reported Monday, citing people with direct knowledge of the effort. Tesla and Twitter chief Musk has recruited Igor Babuschkin, a researcher who recently left Alphabet’s DeepMind […]