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☆ After Tesla’s dismal quarter, more of the Magnificent Seven face tests next week
▼ + stars: | 2024-01-28 | by ( Krystal Hur | ) edition.cnn.com time to read: +4 min

That comes as the rest of the “Magnificent Seven” — Nvidia, Microsoft, Meta Platforms, Amazon, Apple and Alphabet — continue climbing higher. Excluding Tesla, the Magnificent Seven is projected to report an aggregate 53.7% fourth-quarter earnings growth from the prior year, according to FactSet. Companies in the S&P 500 index are expected to report a 10.5% earnings decline minus those six firms. The “Magnificent Seven” excluding Tesla has a combined market cap of roughly $12 trillion, according to Bespoke Investment Group data through Wednesday’s close. Her firm owns all of the Magnificent Seven stocks except for Tesla.

Persons: Tesla, Howard Silverblatt, Dow, “ You’re, ”, Saira Malik, Russell, “, Shelby McFaddin, Wall, Joe Mazzola, Charles Schwab Organizations: New, New York CNN — Tech, Nvidia, Microsoft, Meta, Amazon, Apple, Companies, Big Tech, Dow Jones, Investors, Federal Reserve, Dow, Tesla, Investment, Federal, — Locations: New York

☆ Tesla shares plunge to wipe out $71 billion in market value, after dour earnings call
▼ + stars: | 2024-01-25 | by ( Anna Cooban | ) edition.cnn.com time to read: +4 min

London CNN —Shares in Tesla plunged as much as 11% after the market opened Thursday, wiping $73 billion off the company’s market value hours after it warned of slowing growth in electric car sales and an existential threat from Chinese rivals. While it reported a sizeable 38% increase in deliveries last year compared with 2022, Tesla had previously targeted a 50% annual growth rate averaged over several years. At the time, investors were worried about the outlook for Tesla’s sales and profitability, as well as the health of the US economy. Dan Ives, an analyst with market research firm Wedbush, said Tesla’s earnings call provided investors with “minimal answers” to the company’s shrinking margins. China’s BYD beat Tesla in the final three months of last year, selling more cars than Elon Musk’s carmaker for the first time.

Persons: Tesla, Thursday’s, Qilai Shen, Dan Ives, Musk, ”, China Tesla, China’s, Elon Musk’s carmaker, ” Garrett Nelson, Ben Barringer, Chris Isidore Organizations: London CNN —, Bloomberg, Getty, Elon, CFRA Research Locations: Shanghai, China, Cheviot

DETROIT (AP) — Tesla's net income more than doubled last quarter on a one-time tax benefit, even as electric vehicle price cuts and slowing sales growth cut into profits. But excluding one-time items such as the $5.9 billion noncash tax benefit for deferred tax assets, the company made $2.49 billion, or 71 cents per share. Tesla reported quarterly revenue of $25.17 billion, up 3% from a year earlier but also below analyst estimates of $25.64 billion. Political Cartoons View All 253 ImagesTesla's sales growth rate was slower than previous quarters. As usual, the bulk of Tesla’s sales were its lower-priced Models 3 and Y.

Persons: FactSet, Tesla, Elon Musk Organizations: DETROIT Locations: Austin , Texas, U.S

☆ Ford is cutting back F-150 Lightning electric truck production
▼ + stars: | 2024-01-19 | by ( Peter Valdes-Dapena | Chris Isidore | ) edition.cnn.com time to read: +3 min

CNN —Ford will shut down one of two production shifts in April at the Dearborn, Michigan, factory that builds the F-150 Lightning electric pickup. The move is part of “matching F-150 Lightning production to customer demand,” the company said Friday. While sales of electric vehicles increased in 2023, the growth was slower than many industry experts had expected. Ford still projects an increase in Lightning sales this year after a 55% jump to 24,000 trucks last year. The 24,000 in Lightning sales is still a small fraction of overall Ford F-series pickup sales.

Persons: CNN — Ford, Ford, “, ”, Jim Farley, Carlos Tavares, “ I’ve, ” Tavares, Ramcharger Organizations: CNN, General Motors, Chevrolet Silverado EV, Ford, Lightning, Rouge Electric Vehicle Center, Michigan Assembly Plant, Ford Bronco, United Auto Workers, EV, ” Ford Locations: Dearborn , Michigan, United States, Michigan, Rouge, Tennessee, Kentucky, Europe

☆ Robots Are Looking Better to Detroit as Labor Costs Rise
▼ + stars: | 2024-01-15 | by ( Nora Eckert | ) www.wsj.com time to read: 1 min

Robots weld the body of a Model Y electric vehicle at Tesla’s factory near Berlin. Photo: Patrick Pleul/dpa/picture alliance/Getty ImagesAutomakers are looking to an old friend to help offset rising labor costs: robots. For decades, car companies have increased automation inside their factories. Now, auto executives are looking more closely at this approach, to address a rising labor bill and take advantage of more sophisticated technology.

Persons: Patrick Pleul Organizations: Getty Locations: Berlin

☆ Tesla to pause German production over Red Sea disruption
▼ + stars: | 2024-01-12 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

London CNN —Tesla plans to pause most production at its only European factory due to supply chain problems caused by attacks in the Red Sea. In recent weeks, Houthi militants, based in Yemen, have ramped up attacks on vessels traveling through the Red Sea, saying they are revenge for Israel’s war against Hamas in Gaza. As a result, six of the world’s 10 biggest shipping companies — namely Maersk, MSC, Hapag-Lloyd, CMA CGM, ZIM and ONE — have been largely or completely avoiding the Red Sea. Volkswagen, Germany’s biggest carmaker, said Friday that its passenger car division did not anticipate “significant” restrictions to production over the situation in the Red Sea, according to Reuters. Economic reverberationsTesla’s decision will amplify fears that a prolonged closure of the Red Sea route — which connects with the vital Suez Canal — will hurt the global economy by snarling supply chains and driving up the prices of goods.

Persons: London CNN — Tesla, Tesla, Joe Biden, Brent, “, ”, Robert Yawger, Matt Egan Organizations: London CNN, CNN, RTL, Maersk, MSC, Lloyd, CMA CGM, Carriers, European Automobile Manufacturers ’ Association, Volvo, Reuters, Volkswagen, Economic, Ikea, Crocs, Container, British, West Texas, Mizuho Securities Locations: Red, Berlin, Europe, Yemen, Gaza, South Africa, Belgium, Suez, British, Drewry, Iran

☆ Supreme Court steps into a minefield
▼ + stars: | 2024-01-07 | by ( Richard Galant | ) edition.cnn.com time to read: +15 min

“First in war — first in peace — and first in the hearts of his countrymen,” Lee wrote of Washington. Joe Biden is 81, the oldest president ever and one who is struggling with John Adams-level unpopularity. On Friday afternoon the US Supreme Court announced it would hear arguments on the case February 8. Trump responded by accusing Biden of “pathetic fearmongering.”It’s been three years since Trump supporters stormed the Capitol on January 6. The name came from a letter Gordon sent to a friend explaining “how she, as a 350-pound woman, would like to be addressed.”“Just say fat,” Gordon reads from her essay in the film.

Persons: George Washington, Henry “, Harry ” Lee, “, —, ” Lee, ”, John Adams, Adams, Joe Biden, Clay Jones, Donald Trump, George W, Bush, Biden, Trump, ” It’s, Harry Dunn, ” Dunn, Black, Cupp, won’t, Trump Lisa Benson, Nikki Haley, Ron DeSantis, Mary, DeSantis, Patrick T, Brown, “ Haley, Julian Zelizer, ” Zelizer, John Avlon, ” David Horsey, Laura Belin, Haley, Iowa David Mark, Rob Davidson, Peter Bergen, Archduke Franz Ferdinand, Frida Ghitis, Benjamin Netanyahu “, ‘ We’re, ’, Netanyahu, Israel, ” Claudine Gay, Bill Bramhall, Claudine Gay, Jeremi Suri, Gay, ” Suri, Nick Anderson, OpenAI, Seán O’Connor, Mona Lisa ” —, O’Connor, ” “, ” Don’t, Dean Obeidallah, Dave Chappelle, J, Barber, Will Leitch, Sophia A, Nelson, Hollywood William Wallace, Tess Taylor, Jill Filipovic, Keir Giles, Aubrey Gordon, Sara Stewart, Gordon, Jeanie Finlay, ” Gordon, incredulously, ” Stewart Organizations: CNN, Washington, Supreme Court, Continental Army, Trump, Capitol, Capitol Police, Police, Biden, Republicans, New, GOP, Florida Gov, Twitter, Agency, ISIS, Hamas, New York Times, University of Texas, Ivy League, “, Harvard, MIT, University of Pennsylvania, Tribune, Microsoft Corp, West Locations: Washington, Florida, Valley Forge , Pennsylvania, Maryland, Iowa, New Hampshire, America, Beirut, Israel, Lebanese, Iran, Red, Sarajevo, Bergen, Gaza, Austin, Tokyo, Hollywood

☆ Tesla’s clash with Swedish workers risks spilling over into a regional fight
▼ + stars: | 2023-12-05 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

London CNN —Danish dockworkers and drivers are threatening to stop transporting Teslas to neighboring Sweden if the carmaker does not reach a deal with striking Swedish workers within two weeks. It is the first time a labor union outside of Sweden has threatened industrial action against Tesla in solidarity with the Swedish workers. “IF Metall and the Swedish workers are fighting an incredibly important battle right now. About nine out of 10 workers in Sweden and more than eight in 10 in Denmark are covered by such agreements. At least three attempts to organize by Tesla workers in the United States have failed, mainly as a consequence of aggressive tactics by the company and weak protections for labor in the country.

Persons: ”, Tesla, Jan Villadsen, IF Metall, ” IF Metall, Anu Hietala, Elon Musk, —, “ Organizations: London CNN, Danish, IF Metall, CNN, IF, ” IF, Denmark’s, Nordic, Nordic Transport Workers ’ Federation, New York Times Locations: Sweden, Swedish, dockworkers, Finland, Norway, Stockholm, Denmark, United States

COPENHAGEN, Denmark (AP) — The labor conflict against Tesla in Sweden is spreading to neighboring Denmark where transport workers with the country’s largest trade union said Tuesday they will take action in solidarity with Swedish workers against the Texas-based automaker. Tesla is non-unionized globally, but the Swedish workers are demanding that the carmaker sign a collective bargaining agreement, which most employees in Sweden have. “Concretely, this means that dock workers and drivers will not receive and transport Tesla’s cars going to Sweden,” 3F said in a statement. Swedish mechanics stopped servicing Tesla cars and several unions, including postal workers, have joined in a wave of solidarity with IF Metall’s demands. Dockworkers at Sweden’s four largest ports also stopped the delivery of Tesla vehicles to put more pressure on the automaker.

Persons: Tesla, ”, ” Jakob Lykke, ” Lykke, Jan Villadsen, ” Villadsen, Dockworkers, Elon Musk Organizations: Tesla, The United Federation of Workers, IF Metall, IF Metall’s, Sweden’s Transport Agency Locations: COPENHAGEN, Denmark, Sweden, Texas, Esbjerg, Denmark’s, Danish, Swedish, Scandinavian

☆ How Tesla’s Cybertruck Compares With Other Pickups
▼ + stars: | 2023-12-01 | by ( Nate Rattner | Rebecca Elliott | ) www.wsj.com time to read: 1 min

AUSTIN, Texas— Tesla ’s long-awaited Cybertruck has hit the road, but how does it compare with its rivals? With the unusual, stainless-steel pickup, Tesla is aiming to tap into demand from consumers who want a head-turner that is quick and capable of towing cargo or taking a beating off-road.

Persons: Tesla, Cybertruck Locations: AUSTIN, Texas

☆ Tesla’s Cybertruck Is More Marketing Than Profit Machine
▼ + stars: | 2023-12-01 | by ( Stephen Wilmot | ) www.wsj.com time to read: 1 min

Tesla CEO Elon Musk delivered the company’s first Cybertruck pickups to customers at an event in Texas on Thursday. Photo: TeslaThe Cybertruck isn’t good for Tesla ’s finances, so it had better be great for the brand. On Thursday afternoon in Austin, Texas, two years later than initially planned, the electric-vehicle pioneer finally delivered its first pickup trucks, setting the financial ball rolling on its first new product since the Model Y started shipping almost four years ago. But we already know this won’t be a money-spinner for Tesla, at least not in 2024. Chief Executive Officer Elon Musk said in October it might take 18 months to increase output to the point where the Cybertruck makes a significant contribution to cash flows.

Persons: Elon Musk, Tesla Locations: Texas, Austin , Texas

Some of that loss may be because of disappointing news about the Cybertruck’s pricing and availability. But some may also reflect renewed concern about Elon Musk’s latest comments, made at the DealBook Summit this week, and whether his self-inflicted damage at X is distracting from his other businesses. Advertisers aren’t impressed by Musk’s recent tirade. On Wednesday, he asserted that brands were trying to “blackmail” him by suspending their advertising after he endorsed an antisemitic conspiracy theory on X. “There is no advertising value that would offset the reputational risk of going back on the platform,” Lou Paskalis, the founder and C.E.O.

Persons: Tesla’s, Elon Musk’s, aren’t, Musk’s, ”, Lou Paskalis Organizations: Tesla, AJL, Times

☆ Geely’s stalled IPO discounts global expansion
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +2 min

HONG KONG, Dec 1 (Reuters Breakingviews) - Electric-car marque Zeekr, controlled by China’s largest private auto group Zhejiang Geely, has hit a roadblock. It is putting on hold its New York initial public offering because of a mismatch in valuation expectations, Reuters reported on Thursday. It was hoped the listing would break the ice and encourage a resurgence in Chinese volumes in U.S. capital markets. Its prospectus was published in November, when global stocks recorded their best performance since 2020. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Xi Jinping, Joe Biden, Katrina Hamlin, Julius Baer’s, Una Galani, Thomas Shum Organizations: Reuters, Zhejiang, American, Tata Technologies, X, Barclays, Thomson Locations: HONG KONG, York, Mumbai, Europe, United States, China

☆ ‘Teslas of the seas’ will take students to school in Sweden
▼ + stars: | 2023-11-30 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +6 min

The X Shore Pro, which is meant for commercial operations or coast guards, is based on the former and shares most of its specifications. The X Shore 1 costs upwards of €109,000 (about $119,000), but the more expensive models in the lineup start at €195,000 (about $213,000). According to Keisu, the experience of riding an X Shore boat is radically different to a traditional one. “The only difference is that we [X Shore] use our batteries also for propulsion, so we have much larger battery packs,” she says. However, technological constraints may be slowing down the electrification of boats, including small leisure boats such as those manufactured by X Shore.

Persons: that’s, Tesla, ”, Maria Niläng, we’re, X Shore, Jenny Keisu, X, Keisu, Timothy McCoy, McCoy, ” Brandon Taravella, “, ” Keisu Organizations: CNN, X Shore, Värmdö Archipelago, University of Michigan, University of New, UNESCO Locations: Stockholm, Sweden, Swedish, Värmdö, X, University of New Orleans, Norway

☆ Tesla’s Long-Awaited Cybertruck to Start at Roughly $61,000
▼ + stars: | 2023-11-30 | by ( Rebecca Elliott | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ The Tesla Cybertruck Is Almost Here. What Will It Cost?
▼ + stars: | 2023-11-30 | by ( Rebecca Elliott | ) www.wsj.com time to read: 1 min

The launch of Tesla’s Cybertruck is one of the most anticipated electric-vehicle releases in history. Barclays analyst Dan Levy and AlixPartners’ Mark Wakefield weigh in on how Tesla’s first pickup could shake up the market. Photo: Frederic Brown/Getty ImagesAfter a two-year delay, Tesla is finally ready to start delivering its first Cybertruck pickups to customers. The big questions now for those who have endured the wait: How much will it cost and how far can it travel on a single battery charge?

Persons: Dan Levy, AlixPartners ’ Mark Wakefield, Frederic Brown, Tesla Organizations: Barclays

☆ New billionaire heirs overtake self-made ones as $5.2 trillion wealth transfer begins
▼ + stars: | 2023-11-30 | by ( Hanna Ziady | ) edition.cnn.com time to read: +5 min

“The great wealth transfer is gaining significant momentum as many billionaire entrepreneurs age,” Benjamin Cavalli, who oversees strategic clients in the global wealth management unit at UBS, told reporters. Their combined wealth rose 9% to $12 trillion, before taking inflation into account. Arnault is the world’s third-richest man, with a net worth of $167 billion, according to the Bloomberg Billionaires Index. Risks and opportunity for UBSThe “staggering” transfer of wealth to younger generations presents a huge opportunity for UBS, but also poses considerable risks, according to Cavalli. Heirs lean more toward impact investing — that is, socially or environmentally beneficial investing — over “classic grant-giving philanthropy,” Cavalli said.

Persons: “, ” Benjamin Cavalli, LVMH's Bernard Arnault, Helene, Frederic, Delphine, Antoine, Alexandre, Bernard Arnault, Arnault, Tesla’s Elon Musk, Jeff Bezos —, —, India’s Gautam Adani, Mukesh Ambani, Cavalli, ”, Morgan Stanley —, Stefan Wermuth, ” Cavalli, Charlie Munger, Henry E Organizations: London CNN, UBS, Bloomberg, Adani Group, Reliance Industries, Suisse, Getty, ”, Berkshire Hathaway, Huntington Library, Art Locations: Paris, Europe, France

☆ Pickup or Lunar Lander? Tesla’s Cybertruck Enters a Crowded Market.
▼ + stars: | 2023-11-30 | by ( Jack Ewing | More About Jack Ewing | ) www.nytimes.com time to read: +1 min

Tesla plans to begin delivering its much delayed, highly anticipated Cybertruck pickup to customers on Thursday, entering one of the most lucrative but competitive segments of the auto industry. With its stainless steel body and sharp angles, the Cybertruck is unlike pickups from Ford Motor, General Motors and Ram that dominate the market. It is Tesla’s first completely new passenger vehicle in more than three years but arrives long after other automakers began selling battery-powered pickups. Will it steal customers from traditional automakers, appeal to a different crowd or become a costly flop? “It looks like something lowered from the lunar module to collect rocks on the moon.”

Persons: Tesla, Ram, ”, Ben Rose Organizations: Ford Motor, General Motors, Battle, Research

☆ 4 reasons why the Tesla Cybertruck already lost its advantage
▼ + stars: | 2023-11-30 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +6 min

CNN —The first production Tesla Cybertruck is expected to be delivered today – finally – four years after it was first unveiled. Stellantis’s Ram 1500 Rev electric truck will also go into production in late 2024. The Cybertruck is less than 19 feet long, according to Tesla, which is slightly shorter than other full-size trucks. Ample functional front space has been a big selling point for the Ford truck, in particular. That truck is claimed to provide up to 14,000 pounds of towing, the same figure Tesla originally claimed at the Cybertruck’s unveiling.

Persons: Elon Musk, Tesla, Ford, Stellantis’s Ram, ” Musk, Stellantis Organizations: CNN, General Motors, Chevrolet Silverado EV, Ford Maverick, Ford, GM, Pickup

☆ UAW launches bid to organize Tesla and 'entire non-union auto sector'
▼ + stars: | 2023-11-29 | by ( David Shepardson | ) www.reuters.com time to read: +4 min

Shawn Fain, president of the United Auto Workers (UAW) speaks as U.S. President Joe Biden (not pictured) joins striking members of the United Auto Workers (UAW) on the picket line outside GM's Willow Run Distribution Center, in Belleville, Wayne County, Michigan, U.S., September 26, 2023. REUTERS/Evelyn Hockstein/File Photo Acquire Licensing RightsWASHINGTON, Nov 29 (Reuters) - The United Auto Workers union said on Wednesday it is launching a first-of-its-kind push to publicly organize the entire nonunion auto sector after winning new contracts with the Detroit Three automakers. "To all the auto workers out there working without the benefits of a union, now it's your turn," UAW President Shawn Fain said in a video posted on a website urging auto workers to sign electronic cards seeking union representation. "I want this type of contract for all auto workers and I have a feeling the UAW has a plan for that," he said at an event with Fain. The UAW for decades has unsuccessfully sought to organize auto factories operated by foreign automakers.

Persons: Shawn Fain, Joe Biden, Evelyn Hockstein, Fain, Tesla, Elon Musk, David Shepardson, Ben Klayman, Matthew Lewis Organizations: United Auto Workers, UAW, REUTERS, Rights, Detroit Three automakers, Tesla, Toyota, Volkswagen, Hyundai, Nissan, BMW, Mercedes, Benz, Detroit, General Motors, Ford Motor, Detroit Three, Lexus ES, Union, Thomson Locations: Belleville, Wayne County , Michigan, U.S, Detroit, Mississippi, Tennessee, Chattanooga , Tennessee, Georgetown , Kentucky, Washington

☆ UAW launches bid to organize Tesla and 'entire non-union auto sector' in US
▼ + stars: | 2023-11-29 | by ( David Shepardson | ) www.reuters.com time to read: +6 min

Shawn Fain, president of the United Auto Workers (UAW) speaks as U.S. President Joe Biden (not pictured) joins striking members of the United Auto Workers (UAW) on the picket line outside GM's Willow Run Distribution Center, in Belleville, Wayne County, Michigan, U.S., September 26, 2023. "To all the auto workers out there working without the benefits of a union, now it's your turn," UAW President Shawn Fain said in a video posted on a website urging auto workers to sign electronic cards seeking union representation. The UAW for decades has unsuccessfully sought to organize auto factories operated by foreign automakers. The website asks Tesla workers to join, saying CEO "Elon Musk is the richest man in the world, with a net worth of $230 billion. The question is, will Tesla workers get their fair share?"

Persons: Shawn Fain, Joe Biden, Evelyn Hockstein, Fain, Elon Musk, Tesla, Harley Shaiken, David Shepardson, Ben Klayman, Matthew Lewis Organizations: United Auto Workers, UAW, REUTERS, Rights, Detroit Three automakers, Tesla, Toyota, Volkswagen, Hyundai, Nissan, BMW, Mercedes, Benz, Detroit, General Motors, Ford Motor, New York Times, Honda, Subaru, Mazda, Volvo, University of California, White, Detroit Three, Lexus ES, Union, Thomson Locations: Belleville, Wayne County , Michigan, U.S, Detroit, America, Mississippi, Tennessee, Chattanooga , Tennessee, Berkeley, Georgetown , Kentucky, Washington

☆ Tesla Sues Swedish Transport Agency in Dispute Over License Plates
▼ + stars: | 2023-11-28 | by ( Melissa Eddy | More About Melissa Eddy | ) www.nytimes.com time to read: +1 min

Tesla sued Sweden’s Transport Agency on Monday over a strike by postal workers that has blocked delivery of license plates for Tesla cars, the latest escalation of a widening battle between Sweden’s labor unions and the U.S. manufacturer of electric vehicles. A month ago, mechanics at seven Tesla-owned repair shops in Sweden walked off their jobs. Dockworkers, electricians, painters and postal employees have all joined the strike, refusing to provide the company with their services. Last week, some 50 metalworkers at a factory that produces aluminum parts for Tesla’s factory in Germany walked off the job. On Nov. 20, postal workers joined the action, refusing to deliver any mail or packages to Tesla’s facilities, including the license plates.

Persons: Tesla Organizations: Sweden’s Transport Agency, IF Metall Locations: U.S, Sweden, Tesla’s, Germany

☆ Tesla scores court win in Sweden in month-long battle with unions
▼ + stars: | 2023-11-28 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

London CNN —Elon Musk has notched a victory against Swedish workers as a court ruled that Tesla can collect license plates for its cars from the country’s transport authority after postal workers refused to deliver them. Postal workers stopped delivering them to the company last week in sympathy with Tesla’s mechanics who began an ongoing strike in late October. Musk called the postal workers’ actions “insane” in a post on X last week. “Swedish wages and working conditions should apply to all workers in Sweden,” the body said in a statement on its website earlier this month. A company that comes to Sweden must adapt to what applies here.”Musk, the world’s richest man, has been vocal about his opposition to unions.

Persons: London CNN — Elon, Tesla, Musk, ” Tesla, dockworkers, ” Musk, — Olesya Dmitracova Organizations: London CNN, CNN, Sweden’s Transport Agency, Reuters, Transport Agency, Tesla, IF Metall, Swedish Trade Union Confederation, National Labor Relations Board, IG Metall Locations: Norrköping, Sweden’s, Sweden, Swedish, “, Tesla, Berlin, Germany

☆ Behind Tesla’s Challenges in Making the Cybertruck: Ultrahard Stainless Steel
▼ + stars: | 2023-11-27 | by ( Rebecca Elliott | ) www.wsj.com time to read: 1 min

The Cybertruck launch is a critical one for Tesla, whose sales growth has slowed. Photo: mike blake/ReutersWith the Cybertruck, Tesla sought to break from convention by cladding its electric pickup in ultrahard stainless steel, a material that doesn’t need to be painted, resists dents and adds to the vehicle’s distinctive look. Turns out, the choice of metal has further complicated an already difficult new-model launch for the world’s most valuable automaker.

Persons: Tesla, blake Organizations: Reuters

☆ Tesla vs. Toyota Is the New Hot Battle in Cars
▼ + stars: | 2023-11-25 | by ( Tim Higgins | ) www.wsj.com time to read: 1 min

A year ago, the debate between EVs and hybrids looked settled. Now, Elon Musk’s vision for an electric-vehicle future is being challenged anew by Toyota and its re-energized hybrid plans. Musk, Tesla ’s chief executive, wants to make the world electric, targeting annual vehicle deliveries that would overtake Toyota to become the bestselling automaker before 2030. And while that goal is far off, he’s had some success—in the U.S., Tesla’s small lineup has already overtaken some of Toyota’s bestsellers.

Persons: Elon, Tesla, he’s Organizations: Toyota Locations: U.S

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