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☆ Here's everything we know so far about Tesla's Cybertruck
▼ + stars: | 2023-11-26 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

New videos of the Tesla Cybertruck feature a show-stopping interior with a full glass roof. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The Tesla Cybertruck was first revealed to much fanfare in 2019, and its release has been pushed back several times since then. From what we've seen of the dashboard so far, much of the interior of the Cybertruck is surprisingly barebones. Those prices vanished from the Cybertruck website in 2021, and an official price has still been difficult to pin down.

Persons: frunk, —, Tesla, we've, what's Organizations: Service, Texas

LONDON (AP) — Nissan will invest more than 1 billion pounds ($1.3 billion) to update its factory in northeast England to make electric versions of its two best-selling cars, a boost for the British government as it tries to revive the country's ailing economy. The company said it's directly investing up to 1.12 billion pounds to produce electric successors to the two models. “Nissan’s investment is a massive vote of confidence in the U.K.’s automotive industry,” which contributes 71 billion pounds a year to the economy, Prime Minister Rishi Sunak said. India’s Tata Sons, which owns Jaguar Land Rover, is building a 4 billion-pound EV battery factory in the U.K. that's expected to produce about 40 gigawatt hours of battery cells every year, enough to provide half the U.K.’s electric vehicle batteries. Stellantis, parent company of British automaker Vauxhall, is investing 100 million pounds to make electric vans and cars in northwestern England.

Persons: —, it's, Rishi Sunak, Makoto Uchida, Sunak, India’s Tata Organizations: — Nissan, Nissan, BMW, India’s Tata Sons, Rover, EV, British, Vauxhall Locations: England, Sunderland, China, Europe, Oxford

☆ Elon Musk calls Tesla strike in Sweden 'insane' as 9 unions target company, leaving cars without license plates
▼ + stars: | 2023-11-23 | by ( Yoonji Han | ) www.businessinsider.com time to read: +2 min

Elon Musk called a growing wave of strikes against Tesla in Sweden 'insane.' The union representing postal service workers have joined in solidarity, meaning no new license plates for Tesla cars. AdvertisementElon Musk called a mounting wave of strikes against Tesla in Sweden "insane" as unions continue to pressure the electric carmaker to sign a collective bargaining agreement with its mechanics. The labor battle began on October 27, when mechanics in the Swedish union IF Metall walked out. Their sympathy strike means that new Tesla cars won't receive any license plates — signaling an impending pause on new car registrations in an important market for the company.

Persons: Elon Musk, —, Elon, Musk, Tesla Organizations: Tesla, IF Metall, Service, Swedish Transport Workers ' Union, Berlin Locations: Sweden, Swedish, dockworkers, Germany, Berlin

Enel, hitherto the world's biggest listed renewables developer, plans 35.8 billion euros ($39 billion) of gross capital expenditure in its plan to 2026, of which nearly 19 billion euros will help to modernise and make its networks more resilient. Shares in the state-controlled power group were down 0.4% at 1530 GMT paring a 1% initial loss on the Milan bourse and underperforming a nearly flat blue-chip index. Rising indebtedness was one of the reasons why the Italian government, which is the single biggest shareholder in Enel, decided to oust the group's previous CEO, Francesco Starace. New CEO Flavio Cattaneo pledged to spend only the cash generated by the business, without increasing the debt pile. The group will devote some 3 billion euros to actively manage its customer portfolio through bundled offers, which will include different commodities and services.

Persons: Antonio Parrinello, Enel, Francesco Starace, Flavio Cattaneo, Cattaneo, Stefano De Angelis, Starace, Francesca Landini, Giancarlo Navach, Keith Weir, Giulia Segreti, Elaine Hardcastle, Jonathan Oatis Organizations: REUTERS, Milan bourse, Thomson Locations: Catania, Italy, MILAN, Milan, Enel

☆ Tesla raises price of Model Y long-range in China from Nov 21
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: 1 min

Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul/Pool via REUTERS/File Photo Acquire Licensing RightsCompanies Tesla Inc FollowBEIJING, Nov 21 (Reuters) - Tesla Inc (TSLA.O) has increased the price of its Model Y long-range vehicle in China by 2,000 yuan to 304,400 yuan ($42,212.70) from Tuesday, the company said in a notice. ($1 = 7.2111 Chinese yuan renminbi)Reporting by Liz Lee and Shanghai newsroom Editing by Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

Persons: Patrick Pleul, Liz Lee, Shri Navaratnam Organizations: Inc, BEIJING, Tesla Inc, Thomson Locations: Gruenheide, Germany, China, Shanghai

☆ Tesla factory workers reportedly say they're getting in shouting matches — and sometimes even fights break out
▼ + stars: | 2023-11-21 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Some workers from the Texas factory told The Information that verbal fights occur at the facility on a near-daily basis — and even some physical fights have taken place, they said. Some workers told the publication that employees were taking Adderall and sleeping at the factory in order to keep up with Elon Musk's deadlines. Musk has been known to run his companies with high intensity, sometimes calling for work sprints and even sleeping on the factory floor at Tesla. Ahead of the 2017 release of the Model 3, Musk famously pushed workers at Tesla's Fremont factory through "production hell." "Nothing is more important to us than the safety of our employees," A Tesla representative told Insider in 2018.

Persons: Elon Musk, —, Tesla's Austin gigafactory, Elon, Tesla, Travis, Musk, Austin gigafactory, we've Organizations: Service, Local, Police, Occupational Safety, Health Administration, Austin, San Antonio Express, Business, Reuters, SpaceX, Bloomberg Locations: Texas, Tesla's, Travis County ( Texas, Tesla

☆ It looks like Elon Musk had son X Æ A-12 in the Starship launch control room amid custody dispute with Grimes
▼ + stars: | 2023-11-18 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +2 min

AdvertisementElon Musk wasn't the only celebrity in the control room at SpaceX's Starship flight on Saturday. A screengrab from SpaceX's livestream on X shows Starship lifting off for its second attempt at space. The kid sure looks a lot like Elon Musk's 3-year-old son, X Æ A-12. Kimbal Musk picks up a child as Elon Musk talks with people on SpaceX's livestream of the Starship launch on X. SpaceXX Æ A-12 is one of three children Elon Musk has with Grimes, whose legal name is Claire Boucher. Elon Musk with 3-year-old son X at Tesla plant Gigafactory Texas in Austin, Texas.

Persons: —, Elon, Elon Musk, Kimbal, Kimbal Musk, Grimes, Claire Boucher, Musk, X, Gyula Bartos Organizations: Service, SpaceX, President's Press, AP Locations: Texas, California, Austin , Texas

☆ Tesla's problems in Sweden are getting worse as dockworkers refuse to unload its EVs from ships
▼ + stars: | 2023-11-17 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

The mechanics' trade union is ramping up efforts after talks stalled again this week. AdvertisementThe labor dispute over Tesla's refusal to sign a collective wage agreement in Sweden has escalated into a dramatic labor battle. Unions representing multiple industries announced this week that they would join the strike in solidarity with IF Metall, the Tesla mechanics' trade union. The cleaners were joining the labor action "simply because the [IF] Metall Workers Trade Union asked us to," ombudsman Torbjörn Jonsson told Wired. In Germany, the largest labor union secured a 4% pay rise for 11,000 staff at Teslas Berlin Gigafactory.

Persons: Tesla, —, it's, who've, JOHAN NILSSON, Getty, Torbjörn Jonsson, IG Metall Organizations: Service, IF Metall, Metall, Workers, Union, Tesla, Wired, Metall Workers Trade Union, Teslas Berlin Locations: Sweden, Swedish, Malmo, Germany, Grünheide

☆ Unions in Sweden Expand Blockade Against Tesla
▼ + stars: | 2023-11-17 | by ( Melissa Eddy | More About Melissa Eddy | ) www.nytimes.com time to read: +3 min

Tesla does not produce any vehicles in Sweden, but runs several facilities where the cars are serviced. So far this year, the Tesla Model Y is the best-selling new car in Sweden, with more than 14,000 registrations through October, according to Mobility Sweden, an industry group. Unions representing cleaners have also refused to service Tesla facilities, and the postal workers’ union stopped any deliveries from reaching the company’s sites. Both IF Metall and the Transport Workers’ Union have acknowledged that Tesla has found ways around the strikes. Tesla appeared to be bringing in other mechanics to staff its facilities and bringing new vehicles into Sweden by truck, they said.

Persons: Tesla, ’, Dockworkers, ” Dirk Schulze, ” Mr, Schulze, IF Metall Organizations: Tesla, Mobility Sweden, Swedish Transport Workers ’ Union, IF Metall, Transport Workers ’ Union, IG Metall, Metall, IF, Hydro Extrusions Locations: Sweden, Swedish, Sweden’s, Germany, Berlin, Brandenburg

Tuesday started with Nvidia getting more praise from one analyst, and a battery stock downgrade. She has a price target of $40 on shares, which suggests 20.3% upside potential from where shares closed on Monday. The firm initiated the stock with a buy rating and $125 price target, which suggests 7% upside from Monday's close. "3Q brings a narrative change in FREY's outlook with new risks to tech, strategy and funding that's been appropriately discounted by the stock market. He also slashed his price target to $2 from $13, which suggests 14.3% upside from Monday's close.

Persons: Tuesday, Morgan Stanley, Freyr, Paul Matteis, Matteis, Vistagen, — Hakyung Kim, BeautyHealth, Allen Gong, Gong, Benjamin Soff, Soff, Bernstein, Kraft Heinz, Alexia Howard, Howard, Miguel Patricio, Roth, Suji Desilva, Desilva, Morgan Stanley downgrades Freyr Battery Morgan Stanley isn't, that's, FREY, Adam Jonas, Jonas, Vivek Arya, — Fred Imbert Organizations: CNBC, Nvidia, Bank of America, Therapeutics Biotechnology, Vistagen Therapeutics, JPMorgan, Deutsche Bank, Rockstar, Kraft, Kraft Heinz, AMD, Investment, Freyr's, Nvidia Bank of America Locations: U.S, Monday's, Freyr's Norwegian

☆ Germany set to double Ukraine military aid
▼ + stars: | 2023-11-12 | by ( ) www.reuters.com time to read: +2 min

German Chancellor Olaf Scholz delivers a speech on the day of the opening of an electrolysis gigafactory in Berlin, Germany November 8, 2023. REUTERS/Annegret Hilse/File Photo Acquire Licensing RightsFRANKFURT, Nov 11 (Reuters) - German chancellor Olaf Scholz's governing coalition has agreed in principle to double the country's military aid for Ukraine next year to 8 billion euros ($8.5 billion), a political source in Berlin said on Sunday. Defence minister Boris Pistorius, interviewed by broadcaster ARD, referred to the planned doubling of military aid to Ukraine. "Doubling the military spending is both the right thing to do and important," it quoted member of parliament Andreas Schwarz, who acts as an SPD military budget official, as saying. A European Union plan to spend up to 20 billion euros ($21 billion) on military aid for Ukraine is meeting with resistance from EU countries, diplomats said this week.

Persons: Olaf Scholz, Annegret, Olaf Scholz's, Boris Pistorius, Andreas Schwarz, Gursimran Kaur, Holger Hansen, Vera Eckert, David Gregorio, Kirsten Donovan, Giles Elgood Organizations: REUTERS, Rights, Atlantic Treaty Organization, Scholz's Social Democrats, Free Democrats, Green, Bundestag, Bloomberg News, Germany's Ministry of Defence, ARD, Thomson Locations: Berlin, Germany, Ukraine, Bengaluru, Frankfurt

☆ Germany set to double its Ukraine military aid under Scholz plan, Bloomberg reports
▼ + stars: | 2023-11-12 | by ( ) www.reuters.com time to read: +1 min

German Chancellor Olaf Scholz delivers a speech on the day of the opening of an electrolysis gigafactory in Berlin, Germany November 8, 2023. REUTERS/Annegret Hilse/File Photo Acquire Licensing RightsNov 11 (Reuters) - German chancellor Olaf Scholz's governing coalition has agreed to double German military aid for Ukraine next year to 8 billion euros ($8.54 billion), Bloomberg News reported on Saturday, citing people familiar with the matter. Lawmakers of Scholz's Social Democrats, the Free Democrats and the Green party agreed on the increase in negotiations over the proposed 2024 federal budget this week, Bloomberg News reported. A European Union plan to spend up to 20 billion euros ($21.4 billion) on military aid for Ukraine was met with resistance from EU countries. ($1 = 0.9362 euros)Reporting by Gursimran Kaur in Bengaluru; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

Persons: Olaf Scholz, Annegret, Olaf Scholz's, Gursimran Kaur, David Gregorio Our Organizations: REUTERS, Bloomberg, Atlantic Treaty Organization, Scholz's Social Democrats, Free Democrats, Green, Bloomberg News, Germany's Ministry of Defense, Thomson Locations: Berlin, Germany, Ukraine, Germany's, Bengaluru

☆ Grimes chased Elon Musk across at least 12 different locations to serve him custody papers, including X headquarters and a horse farm
▼ + stars: | 2023-11-10 | by ( Grace Kay | Kelsey Vlamis | ) www.businessinsider.com time to read: +6 min

Grimes said she served her former partner Elon Musk with custody papers last month. Elon Musk with custody papers last month. One of the process servers even went to a horse farm that had been tied to the billionaire. One process server even tracked Musk's private jets in order to confirm the best place to contact the billionaire, Grimes' court papers state. Two process servers also attempted to serve Musk at Shivon Zilis' house.

Persons: Grimes, Elon Musk, Musk, —, Claire Boucher, Tesla's Austin gigafactory, she'd, Christopher Melcher, Walzer Melcher, Melcher, Amy Sussman, WWD, Grimes should've, he's, Tell Elon, Zilis Organizations: Service, Musk, SpaceX, Penske Media, Getty Locations: Texas, San Francisco, Boca Chica , Texas, Austin, Boca Chica, California

☆ Grimes resorted to tracking Elon Musk's private jets in attempt to serve him with custody papers
▼ + stars: | 2023-11-10 | by ( Grace Kay | Kelsey Vlamis | ) www.businessinsider.com time to read: +6 min

One process server used a jet-tracking to try to serve Elon Musk with the custody papers. AdvertisementAdvertisementA person hired by Grimes' legal team tracked Elon Musk's private jets for days in an attempt to serve him with custody papers, according to court documents obtained by Insider. In Grimes' latest filing, she documented numerous attempts to serve Musk with the custody papers. AdvertisementAdvertisementChristopher Melcher, a California family law attorney and partner at Walzer Melcher, told Insider that the use of jet tracking by the process server was unusual but not unreasonable. In her court papers, Grimes' team said a different process server who had handed her complaint to Musk's security at X was proof enough that she'd served the billionaire.

Persons: Grimes, Musk, —, Claire Boucher, LADD, Jeff Bezos, Taylor Swift, Christopher Melcher, Walzer Melcher, she'd Organizations: Elon Musk, Service, Elon, Musk, Federal Aviation Administration, FAA, PIA Locations: California, Tesla's Texas, Boca Chica , Texas, Texas, San Francisco, Hawthorne , California

The firm upgraded shares to neutral from sell in a Wednesday note, and slightly increased its target price to $5.50 from $5. The firm upgraded the offshore drilling company to overweight from equal weight in a Thursday note and raised its price target to $106 from $84. The bank reiterated a buy rating on Disney with a $120 per share price target, or about 42% upside from Wednesday's $84.50 close. Bank of America's Jessica Reif Ehrlich also reiterated a buy rating on Disney, albeit with a $110 per share price target, which implies more than 30% upside. The bank initiated coverage of the electric vehicle giant with a reduce rating accompanied by a $146 per share price target.

Persons: Goldman Sachs, Ygal Arounian, — Brian Evans, Bud Light, Carlos Laboy, BUD, Brian Evans, EBITDA, Stephanie Yee, Parker, Banks, Parker Hannifin, Nicole DeBlase, Eddie Kim, Brett Feldman, Bank of America's Jessica Reif Ehrlich, Bob Iger's, Michael Montani, Greg Melich, — Fred Imbert, Tesla, Michael Tyndall Organizations: CNBC, Tesla, HSBC, ISI, Analysts, Citi, Anheuser, Busch InBev HSBC, Busch InBev, Middle America, InBev, BUD, JPMorgan, Montrose Environmental, Deutsche Bank, Barclays, Disney, Bank of America's Locations: China, U.S, North America, Montrose, 3Q23, EBITDA, Valaris

The source, who declined to be named, did not say when production would begin. A general view shows the Tesla logo on the Gigafactory in Gruenheide near Berlin, Germany, August 30, 2022. At the same meeting, he informed staff of plans to build the 25,000-euro vehicle there, the source said. German union IG Metall said in 2022 that Tesla wages were around 20% below those offered under collective bargaining agreements at other carmakers. ($1 = 0.9315 euros)Reporting by Victoria Waldersee, Editing by Rachel More, Bernadette Baum and Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.

Persons: Musk, Tesla, Annegret, Elon Musk, Europe's, Metall, Victoria Waldersee, Rachel More, Bernadette Baum, Emelia Organizations: Staff, JATO Dynamics, Reuters, Volkswagen, REUTERS, Thomson Locations: BERLIN, Berlin, United States, Europe, China, Gruenheide, Germany

☆ Tesla to build 25,000-euro car at German plant - source
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

A general view shows the Tesla logo on the Gigafactory in Gruenheide near Berlin, Germany, August 30, 2022. REUTERS/Annegret Hilse/File Photo Acquire Licensing RightsCompanies Tesla Inc FollowBERLIN, Nov 6 (Reuters) - Tesla (TSLA.O) will build a 25,000-euro ($26,837.50) car at its factory near Berlin, a source with knowledge of the matter said on Monday, in a long-awaited development for the electric vehicle maker which is aiming for mass uptake of its cars. Tesla Chief Executive Elon Musk visited the plant in Gruenheide, near Berlin, on Friday, after attending an artificial intelligence summit in England. The CEO thanked staff at the plant for their hard work, according to a video posted on X, formerly known as Twitter. At the same meeting, he also informed staff of plans to build the 25,000-euro vehicle there, the source said.

Persons: Annegret, Tesla, Elon Musk, Musk, Victoria Waldersee, Rachel More Organizations: REUTERS, Twitter, Reuters, Thomson Locations: Gruenheide, Berlin, Germany, England

☆ Tesla Raises Wages for German Workers Amid Union Pressure
▼ + stars: | 2023-11-06 | by ( William Boston | ) www.wsj.com time to read: 1 min

Elon Musk promised that the Gigafactory on the outskirts of Berlin would build Tesla’s next-generation vehicle. Photo: ANNEGRET HILSE/REUTERSBERLIN— Tesla is boosting factory worker pay in Germany amid an aggressive unionization drive, a move that comes as Chief Executive Elon Musk may face similar organizing attempts in the U.S.Tesla’s management in Germany late last week unveiled a package of wage increases for workers during Musk’s visit to the so-called Gigafactory on the outskirts of Berlin, according to people familiar with the matter. Musk also promised the assembly plant would build its next-generation vehicle.

Persons: Elon Musk, ANNEGRET, Tesla, Elon, Musk Locations: Berlin, BERLIN, Germany, U.S

☆ Tesla is giving staff at its Berlin Gigafactory a raise, report says, as the auto industry battles growing worker discontent
▼ + stars: | 2023-11-06 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Tesla is giving 11,000 staff at its Berlin Gigafactory a 4% pay rise, per the WSJ. Tesla workers in Sweden are already on strike, while the UAW wants to recruit members. AdvertisementAdvertisementTesla is giving workers at its Berlin Gigafactory a pay rise as unions eye the EV manufacturer, The Wall Street Journal reported. But the pay rise also comes at a shaky time for Tesla management. AdvertisementAdvertisementLast month, IG Metall said union signups from Tesla workers had surged, and accused the company of failing to follow health and safety protocol.

Persons: Tesla, —, Elon Musk's, Rishi Sunak, IG, Metall, Shawn Fain Organizations: UAW, Service, Street Journal, The, AI, British, Reuters, Germany's, United Auto Workers, Detroit, General Motors . ", Tesla, Toyota, Honda, CNBC Locations: Berlin, Sweden

☆ Tesla may finally be about to produce a truly affordable electric car
▼ + stars: | 2023-11-06 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Tesla could build a new car that will sell for nearly $27,000, per Reuters. It could be a boost for the EV transition, which has been hampered by a lack of affordable options. AdvertisementAdvertisementTesla is planning to build a 25,000 euro ($27,000) electric car at its Berlin Gigafactory, according to a report from Reuters citing an unnamed source. Tesla CEO Elon Musk reportedly told staff about the plans during a visit to the factory on Friday. AdvertisementAdvertisementCurrently, the cheapest vehicle Tesla sells is the $38,990 Model 3, which was briefly available for $35,000 in 2019.

Persons: Tesla, —, Elon Musk, Kelley, Musk Organizations: Reuters, Service, Tesla, Ford, GM, EV Locations: Berlin

☆ Tesla raises wages 4% for German workers amid union pressure, WSJ reports
▼ + stars: | 2023-11-05 | by ( ) www.reuters.com time to read: +1 min

A general view of a Tesla's Gigafactory Berlin-Brandenburg building, a part of the electric car manufacture, in Gruenheide, Germany July 18, 2023. In October, Tesla said it will inform its staff this month of the level of the pay rise, adding it raised wages by 6% last year. German union IG Metall has previously said that Tesla wages were around 20% below those offered under the collective bargaining agreement. The EV maker, unlike other carmakers in Germany, does not have a collective bargaining agreement governing wages. Tesla and IG Metall did not immediately respond to a Reuters' request for comment.

Persons: Annegret, Tesla, Metall, Elon Musk, Urvi, Aurora Ellis, Kim Coghill Organizations: REUTERS, Street, Thomson Locations: Berlin, Brandenburg, Gruenheide, Germany, U.S, Bengaluru

☆ Climate tech is like catnip to investors. Here's why the $13 billion sector is outperforming other industries.
▼ + stars: | 2023-11-02 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +7 min

Europe's startup ecosystem has been battered this year but climate tech founders have managed to avoid the brunt of the immense downturn so far. PwC's global analysis of the sector also points to climate tech outperforming the norm, accounting for a tenth of private market investments in 2023. Venture capital investment into European startups more broadly is primed to slump by around 46% to 58.1 billion euros in 2023. These obligations have helped make climate tech startups "catnip to investors," Sustainable Ventures' Stuart Ferguson said. Last year, European companies like electric vehicle manufacturer Polestar and batter-maker Northvolt raised 1.6 billion euros and 1 billion euros respectively.

Persons: They've, Stuart Ferguson, Fabian Heilemann, Heilemann, Biden's, Warner, Namratha, Mark Bula, Northvolt, Lisa Barclay, Ferguson, Aenu's Organizations: Steel, Venture, Sustainable Ventures, Warner, Ada Ventures, Elyos Energy, Green Steel, Nesta, Investments Locations: Swedish, British, Norwegian, London, Norway

☆ Volkswagen puts off east European gigafactory amid sluggish EV demand
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +2 min

A Volkswagen logo is seen during the New York International Auto Show, in Manhattan, New York City, U.S., April 5, 2023. It said earlier this year it was in no rush to make a decision. Czech officials said on Wednesday they would start offering their proposed site for Volkswagen's battery plant to other investors, saying they could not afford to wait any longer for a decision. "We cannot continue to hold the land for this project," Fiala told a news conference. Industry minister Jozef Sikela said talks were happening with five investors, with two of those projects on a similar scale to Volkswagen's plans.

Persons: David, Dee, Delgado, Oliver Blume, BEV, Blume, Petr Fiala, Fiala, Jozef Sikela, Jason Hovet, Louise Heavens, Mark Potter Organizations: New York, REUTERS, Rights, Volkswagen, Volkswagen's, Skoda Auto, Thomson Locations: Manhattan , New York City, U.S, Europe, Czech Republic, Hungary, Poland, Slovakia, Salzgitter, Germany, Valencia, Spain, St, Thomas, Canada, Volkswagen's Czech, Czech

☆ Elon Musk acted like a 'little baby' and was 'almost in tears' on Tesla's 'terrible' earnings call, analyst says
▼ + stars: | 2023-10-22 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Financial analyst Kevin Paffrath criticized Elon Musk's comments on Tesla's recent earnings call. AdvertisementAdvertisementIt's now clear that Tesla's third-quarter earnings call on Wednesday didn't exactly go as expected. CEO Elon Musk acted like "a little baby," financial analyst and YouTuber Kevin Paffrath recently told Yahoo Finance. He also described the call as "terrible" and said Musk was "almost in tears" at one point. Kevin Paffrath hit out at Elon Musk's comments on the Tesla earnings call.

Persons: Kevin Paffrath, Elon Musk's, Musk, —, Elon Musk, Paffrath, Kevin, Tesla's, Tesla, who's, YouTube Tesla, Dan Ives Organizations: EV, Service, Yahoo Finance, Kevin YouTube, Elon, YouTube, Wedbush Securities Locations: Mexico

☆ Mexico says Tesla factory still coming, vows infrastructure spending
▼ + stars: | 2023-10-19 | by ( Daina Beth Solomon | ) www.reuters.com time to read: +3 min

A view shows the urban area of the municipality of Santa Catarina near the land where Tesla has indicated it could build a new gigafactory, in Santa Catarina, on the outskirts of Monterrey, Mexico February 28, 2023. Tesla announced the planned factory in the northern Mexican state in March, without providing a timeline for construction. After a fraught process for Tesla to confirm its Mexico plans, investors are closely watching the automaker's next steps in the country. Santa Catarina's Mayor, Jesus Nava, said local officials were beginning to improve infrastructure in the area where Tesla is set to build the factory. Musk on Wednesday said the company was "laying the groundwork to begin construction" in Mexico but did not yet have more definite plans.

Persons: Tesla, Daniel Becerril, Elon Musk, Musk, Jesus Nava, Jay Truesdale, Samuel Garcia, Daina Beth Solomon, Jamie Freed Organizations: REUTERS, MEXICO CITY, Mexico's, Santa Catarina's Mayor, Tesla, Nuevo Leon, Shanghai, Thomson Locations: Santa Catarina, Monterrey, Mexico, MEXICO, Leon, Mexican, Asia, United States, Santa

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