tesla News of 12/01/20

The Station: COVID’S Effect On Car Ownership

The Station: COVID’s effect on car ownership image The Station is a weekly newsletter dedicated to all things transportation.  Sign up here — just click The Station — to receive it every weekend in your inbox . Hello and welcome back to The Station, a newsletter dedicated to all the present ...

Tesla Is Now Worth Half A Trillion Dollars

Surging Tesla shares have pushed the company’s market capitalization to more than $515 billion, a fivefold increase since the start of the year. The traditionally volatile stock has continued to experience price swings. But since reaching a ...

African Fintech Startup Chipper Cash Raises $30m Backed By Jeff Bezos

African fintech startup Chipper Cash raises $30M backed by Jeff Bezos image African cross-border fintech startup  Chipper Cash has raised a $30 million Series B funding round led by Ribbit Capital with participation of Bezos Expeditions — the personal VC fund of Amazon CEO Jeff Bezos. Chipper Cash was founded in ...

GM To Leverage Driver Data As It Jumps Back Into The Insurance Business

General Motors is launching an insurance service, returning to a business that it abandoned more than a decade ago, but this time more in step with the connected-car era. The service, called OnStar Insurance, will offer bundled auto, home and ...

Tesla Gets A Spot On The S&P 500

Tesla will be added to the S&P 500, a milestone that will expand its investor base and put the electric automaker in the same company as heavyweights like Apple, Berkshire Hathaway and Microsoft. The announcement, made Monday afternoon by ...

Honda To Mass-Produce Level 3 Autonomous Cars By March

Honda claims it will be the first automaker to mass-produce vehicles with autonomous capabilities that meet SAE Level 3 standards, with plans to begin producing and selling a version of its Honda Legend luxury sedan with fully approved automated ...

BMW Announces The IX, Its Next-Gen Electric Flagship

BMW announces the iX, its next-gen electric flagship image At its (virtual) NextGen 2020 event, BMW today announced that the BMW iX, its new all-electric flagship previously known as the iNext, will launch at the end of 2021. Based on BMW’s fifth-generation eDrive technology, the iX will get a new look ...

Transportation On The Ballot, Softbank Parks Its Money In REEF And Tesla Tequila Arrives

Transportation on the ballot, Softbank parks its money in REEF and Tesla Tequila arrives image The Station is a weekly newsletter dedicated to all things transportation.  Sign up here — just click The Station — to receive it every Saturday in your inbox . Welcome back to The Station, a newsletter dedicated to all the present and future ...

VC Steve Westly On The Election, The California Exodus, And Betting On Electrification

A former controller and CFO of the state of California, Steve Westly is passionate about government. The onetime eBay exec and early Tesla board member has also been a proponent of clean energy for roughly 30 years, so he’s feeling optimistic ...

Elon Musk’S Tesla Tequila Will Run You $250 A Bottle

Teslaquila, the Tesla -branded liquor, that co-starred in CEO Elon Musk’s controversial April Fool’s Day joke about the automaker filing for bankruptcy, has arrived. The automaker now lists Tesla Tequila (a bit different from the ...

SpaceX Successfully Launches GPS III Space Vehicle For The U.S. Space Force

Tesla has launched a GPS III satellite on behalf of customer the U.S. Space Force, the second GPS III generation satellite it has launched for the U.S. military this year. The first took off in June, and was the third overall GPS III put in ...

Maze, A Notorious Ransomware Group, Says It’S Shutting Down

Maze, a notorious ransomware group, says it’s shutting down image One of the most active and notorious data-stealing ransomware groups, Maze, says it is “officially closed.” The announcement came as a waffling statement, riddled with spelling mistakes and published on its website on the dark web, which ...

This Former Tesla CIO Just Raised $150 Million More To Pull Car Dealers Into The 21st Century

“I have to choose my words carefully,” says Joe Castelino of Stevens Creek Volkswagen in San Jose, California, when asked about the management software on which most car dealerships rely for inventory information, marketing, customer ...

Tesla Is A Chain Of Startups, Elon Musk Explains

Today during a call with investors and journalists , Tesla CEO Elon Musk was asked to expand a tweet from yesterday. In it, he stated: “ Tesla should really be thought of as roughly a dozen technology startups, many of which have little to no ...

Tesla Wows On Latest Numbers

Tesla’s latest quarterly numbers beat analyst expectations on both revenue and earnings per share, bringing in $8.77 billion in revenues for the third quarter. With the report that Tesla had already beaten Wall Street’s expectations ...

Proterra, Which Makes Big Honkin Battery Systems And Electric Buses, Raises $200 Million

Proterra, the battery system technology developer for heavy-duty electric vehicles, said it has raised $200 million in a new round of funding. The new cash comes from Cowen Sustainable Investment Advisors, which led the round, along with money ...

Tesla’S Decision To Scrap Its PR Department Could Create A PR Nightmare

Ayelet Noff Contributor Share on Twitter Ayelet Noff is the founder and CEO of SlicedBrand , a top global PR agency headquartered in Berlin. A solid public relations team solves many issues ...

Elon Musk Tweets The Model S Will Be Priced At $69,420 Because He’S A Child

The Tesla Model S is about to get a bit less expensive. Tesla CEO and resident meme maker, Elon Musk just tweeted that the Model S sedan will soon be priced at $69,420. This pricing wasn’t done on a whim and a joint. The price cut is ...

Tesla To Begin Production On 7-Seat Model Y In November, With Deliveries In Early December

Elon Musk has shared some updated info about the timeline for the seven-seat version of the Model Y, Tesla’s more affordable electric SUV. The Model Y began deliveries to customers in March of this year in the U.S., but Musk said in June that ...

Lucid Reveals The Price Of Its Base Air Sedan — $77,400 Minus $7,500 US Tax Credit

Electric car company Lucid finally revealed the price of its least expensive vehicle and it will start at $77,400. US buyers also qualify for a $7,500 tax credit making the vehicle eventually cost $69,900. This version of the Lucid Air comes ...