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☆ IBM's marketing chief explains how the company is harnessing AI to boost productivity
▼ + stars: | 2024-04-09 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +6 min

IBM aims to be "client zero" of the AI products it sells to clients, marketing chief Jonathan Adashek said. He said AI has augmented the work IBM staffers do and even made its ads more effective. In April 2020, our CEO Arvind Krishna said IBM is going to be the leading hybrid cloud and AI company. That means acquisitions, that means divestitures, that means prioritizing some areas of work over others. Dropping 'hybrid work' from the return-to-office vernacularI think a lot of what drives productivity in the wrong direction is when you get people not focused on the must-haves and spending more time on the nice-to-dos.

Persons: Jonathan Adashek, —, Arvind Krishna, we've, Intentionality Organizations: IBM, Service, Adobe, Masters, Java

☆ You can buy this electric luxury SUV for $25,000 right now. But there might be a catch
▼ + stars: | 2024-03-27 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

CNN —For sale: A brand new luxury electric SUV for the holy-grail price of $25,000. The California-based electric SUV company Fisker faces a real possibility of bankruptcy, and its stock is hovering just over 2 cents a share, far below its 2021 peak of $28.50. Prices for Fisker’s Ocean SUV have been cut by as much 39%. His video was titled, “This is the Worst Car I’ve Ever Reviewed.”“Do not buy this version of the Fisker Ocean,” reads the video’s description. Fisker has said that problems with early versions of the vehicles’ software caused some of the negative responses.

Persons: hasn’t, Marques Brownlee, ”, Fisker, Henrik Fisker Organizations: CNN, American YouTube, Consumer, Magna Steyr, Magna Locations: California, American, Danish, United States, Europe, Austria

☆ You can now get Tesla's Cybertruck in 3 more colors, including 'satin abyss blue,' if you're willing to pay up to $6,500 more
▼ + stars: | 2024-02-22 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Tesla has added three new Cybertruck color wraps — costing up to $6,500 — to its online shop. Its website said the wraps are only available at four Tesla service centers in California. The colors "stealth black" and "satin ceramic white" have been available since December. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy .

Persons: Tesla, — Organizations: Service, Business Locations: California, West Covina, Oceanside, Costa Mesa, Santa Clara

☆ Some Cybertruck owners say their Teslas are starting to rust in the rain
▼ + stars: | 2024-02-14 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Some Cybertruck owners say their Tesla vehicles are developing rust spots from rain. At least two members of a Cybertruck owners' forum claim their vehicles have orange specks of rust. Cybertrucks do not have a clear coat on their stainless steel body, according to the owner's manual. AdvertisementSome Tesla owners claim their Cybertrucks are starting to rust after being caught in the rain. In a post on the Cybertruck Owners forum, a member called “Raxar” wrote that they'd collected their vehicle that day and were warned that rain could cause it to rust.

Persons: —, ”, they'd, Raxar, Vertigo3pc, Tesla, Elon Musk, Musk Organizations: Service, Delorean, ”, Mead Metals, Business

☆ Stocks making the biggest moves premarket: Rivian, Rocket Lab, Hershey, Lowe's and more
▼ + stars: | 2024-02-12 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Rocket Lab — The stock rose around 1% after Citi reinstated coverage with a buy rating. Lowe's — The home improvement retailer added 1.7% after JPMorgan raised its rating on shares to overweight from neutral. Urban Outfitters — Shares rose more than 2% after an upgrade from UBS ahead of the retailer's fourth-quarter earnings release slated for this month. On Monday, Bank of America Securities reiterated a neutral rating on the stock, but noted leadership has "the playbook to turn things around." Marqeta — Shares of the card issuing technology company rose 6.5% premarket after a Bank of America upgrade to buy from neutral on Monday.

Persons: Hershey, Morgan Stanley, Jason Gursky, Piper Sandler, Lowe's, XPO, BofA, CNBC's Michelle Fox, Sarah Min, Tanaya Macheel Organizations: Citi, Space Development Agency, U.S ., Teva Pharmaceutical Industries, JPMorgan, Federal Reserve, UBS, Barclays, New York Community Bancorp, Bank of America Securities, Bank of America

Shanker also raised his price target to $80 from $75, suggesting nearly 34% downside from Friday's close. — Spencer Kimball 8:16 a.m.: Loop Capital upgrades Corteva, touts growth acceleration in 2025 Corteva's stronger-than-expected 2024 full-year guidance will jumpstart a period of strong growth, according to Loop Capital. The firm upgraded the agricultural chemicals company to buy from hold and increased its price target to $65 from $57. Analyst Jay Sole upgraded Urban to neutral from sell and upped his 12-month price target by $20 to $41. Kaufman's $183 price target indicates roughly 6.3% downside for shares, which have fallen more than 18% over the past year.

Persons: headwinds, Morgan Stanley downgrades XPO, Morgan Stanley, Ravi, Shanker, — Michelle Fox, Julien Dumoulin, Smith, Duke's, — Spencer Kimball, Chris Kapsch, Kapsch, Brian Evans, Cassie Chan, they'll, Chan, —, Jay Sole, URBN, Sole, Urban's, — Pia Singh, Filippo Falorni, Falorni, Hershey, Stanley, Pamela Kaufman, Kaufman's, Hershey's, Kaufman, Graham Doyle, Doyle, Piper Sandler, David Amsellem, Amsellem, Amsellam, Christopher Horvers, Jan, Horvers, Fred Imbert, Dan Levy, Levy Organizations: CNBC, Barclays, Automotive, JPMorgan, Corp, Bank of America, Bank of America downgrades Duke Energy, Duke Energy, Duke, Wall, America, UBS, Urban Outfitters, Free People, Urban, Citi, PepsiCo, Citi Research, Pepsi, Hershey, GE Healthcare Technologies, UBS GE Healthcare Technologies, Pharmaceutical, Teva Pharmaceutical, Federal, Barclays downgrades Rivian, Rivian Automotive, North American EV Locations: Bank of America downgrades, GEHC, David Amsellem U.S

☆ China to help electric vehicle industry respond to foreign trade restrictions
▼ + stars: | 2024-02-07 | by ( ) www.cnbc.com time to read: +1 min

Rows of new energy vehicles are parked at Changan Automobile's vehicle distribution center in Chongqing, China, on Jan. 14, 2024. China's commerce ministry said on Wednesday it would encourage the new energy vehicle industry to "actively" respond to foreign trade restrictions and cooperate with overseas firms, amid a European probe into Chinese subsidies for the sector. The ministry issued guidelines that also encouraged automakers to set up R&D and after-sales service centers abroad, to collaborate with foreign partners in building up supply chains, and to work more closely with shipping companies on transportation logistics. Under the measures, Chinese banks would be encouraged to expand domestic and overseas services for automakers and their supply chains, including the scale of cross-border RMB settlements. The ministry also said it would optimize export procedures for NEVs and batteries.

Locations: Chongqing, China

STOCKTON, Calif. (AP) — A California judge on Friday ordered Tesla Inc. to pay $1.5 million as part of a settlement of a civil case alleging the company mishandled hazardous waste at its car service centers, energy centers and a factory, multiple county district attorneys announced. The complaint filed in San Joaquin County alleged illegal disposal of hazardous waste and violation of laws involving storage and management of the waste, according to statements from several of 25 district attorneys offices in California involved in the case. The district attorneys' statements said Tesla cooperated with the investigation and acted to improve compliance with laws that were brought to its attention by the prosecutors. “Electric vehicles play a role in environmental betterment, yet it’s imperative to recognize that their production and maintenance yield detrimental waste," said San Joaquin County District Attorney Ron Freitas. Tesla owns and operates approximately 57 car service centers and 18 solar energy facilities in California, and manufactures electric vehicles in the San Francisco Bay Area city of Fremont.

Persons: Tesla, Ron Freitas Organizations: Tesla Inc, Associated Press, “ Locations: STOCKTON, Calif, California, San Joaquin County, Joaquin, San Francisco Bay Area, Fremont

☆ Tesla recalling another 2.2 million vehicles for warning lights that are too small
▼ + stars: | 2024-02-02 | by ( Chris Isidore | ) edition.cnn.com time to read: +2 min

New York CNN —Tesla is recalling 2.2 million of its vehicles on US roads because the font size of the warning lights on its display is too small, according to federal safety regulators. The recall was announced by the National Highway Traffic Safety Administration, which said it discovered the problem during a routine audit of Tesla vehicles. “Warning lights with a smaller font size can make critical safety information on the instrument panel difficult to read, increasing the risk of a crash,” according to the agency’s notice. Tesla said it is not aware of any crashes or injuries caused by the problem. The problem will be fixed with an over-the-air software update that will not require Tesla owners to bring their vehicles into a Tesla service center.

Persons: New York CNN — Tesla, Tesla Organizations: New, New York CNN, National, Traffic Safety Administration, National Transportation Safety Board Locations: New York

☆ A Tesla owner says he's done driving his Model 3 after the car stopped randomly in the middle of a highway
▼ + stars: | 2024-01-27 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

A Tesla owner said his Model 3 stopped working in the middle of a highway. A Tesla service center said the incident was the result of an issue with a connector to the battery. AdvertisementTesla owner James Hanna said his Model 3 lurched to a stop without warning in the middle of a highway. He's since started leasing out the car and has stopped driving it entirely, he told BI. Last year, a Tesla blocked traffic for over 9 hours in the UK after it stopped working in the middle of a road.

Persons: Tesla, —, James Hanna, Hanna, he'd Organizations: Service, National, Traffic Safety Administration, Business, Tesla, NHTSA Locations: North Carolina, Tesla's, Charlotte

☆ Hertz dumping 20,000 EVs is a warning to electric-car owners everywhere
▼ + stars: | 2024-01-12 | by ( Graham Rapier | Nora Naughton | ) www.businessinsider.com time to read: +4 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The car-rental firm said it's selling 20,000 EVs — about one-third of its electric fleet of Teslas, Volvos, Polestars, and more — partly due to repair and maintenance costs. AdvertisementIt's also a warning about the cost of EV ownership to drivers thinking about switching from gas to electric. Mitchell, which supplies data for insurance and repair companies, has found EVs — and particularly Teslas — are more expensive than gas-powered cars to repair. Among all EVs, Tesla's Model 3 has the best resale value, falling by only 42.9% in five years.

Persons: Hertz, —, Adam Jonas, Morgan Stanley, It's, Jonas, Mitchell, Kelley, Power, iSeeCars Organizations: EV, Service, Automotive, Energy Innovation, Insurance, quicken Locations: West Coast

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

☆ Trucking firm XPO to buy bankrupt Yellow's service centers for $870 mln
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: +2 min

Yellow Corp. trailers sit idle at a YRC shipping facility in North Reading, Massachusetts, U.S., August 16, 2023. REUTERS/Brian Snyder/File Photo Acquire Licensing RightsDec 5 (Reuters) - Trucking company XPO Inc (XPO.N) won a bid to buy 28 service centers of bankrupt Yellow Corp for $870 million in a closely watched auction of the nearly 100-year-old firm's assets. Yellow, formerly known as YRC, filed for Chapter 11 bankruptcy protection in August after blaming the International Brotherhood of Teamsters union for its demise. The U.S. Bankruptcy Court in Delaware will hold a hearing on Dec. 12 to approve the bids. Yellow's bankruptcy process was closely watched after its demise potentially saddled U.S. taxpayers with losses stemming from a government rescue.

Persons: Brian Snyder, XPO, Jonathan Chappell, XPO's, Aishwarya Jain, Pooja Desai, Krishna Chandra Organizations: Yellow Corp, REUTERS, Trucking, XPO Inc, International Brotherhood of Teamsters, Walmart, Evercore ISI, Estes Express Lines, Swift Transportation Holdings, U.S, Bankruptcy, Thomson Locations: North Reading , Massachusetts, U.S, North America, Delaware

A Tesla sign is pictured outside the Tesla Gigafactory 2 in Buffalo, New York, U.S., February 13, 2022. A National Labor Relations Board (NLRB) regional official on Friday tossed out a complaint filed in February by Workers United, a union seeking to organize workers at Tesla's Buffalo, New York "gigafactory." Workers United claimed that within days of announcing a union campaign earlier this year, Tesla fired dozens of workers from its Autopilot department. Tesla and Workers United did not immediately respond to requests for comment. President Joe Biden said this month that he supported the union's efforts to organize workers at Tesla and Toyota.

Persons: Carlo Allegri, Tesla, Kayla Blado, Blado, Joe Biden, Elon Musk, tweeting, Daniel Wiessner, Aurora Ellis, Alexia Garamfalvi Organizations: REUTERS, Tesla Inc, National Labor Relations Board, Workers United, Workers, United Auto Workers, UAW, Detroit Three, Tesla, Toyota, NLRB, Thomson Locations: Buffalo , New York, U.S, New York, Tesla's Buffalo , New York, Buffalo, Florida, Fremont , California, Albany , New York

☆ You can now lease a Rivian R1T electric pickup, in select markets
▼ + stars: | 2023-11-27 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

Rivian electric pickup trucks sit in a parking lot at a Rivian service center on May 09, 2022 in South San Francisco, California. Rivian on Monday started leasing select models of its all-electric R1T pickup truck, a move to expand sales and customer base beyond early adopters of electric vehicles. The company said the program is available to customers in select states such as California, New York, Florida and Texas – already popular markets for EVs. Leasing has become a popular way for customers to try out an electric vehicle without any long-term commitment. "Today, Rivian launched a new way for customers to get behind the wheel of a Rivian with the introduction of leasing," the company said in an emailed statement.

Persons: Rivian Organizations: EVs, Leasing Locations: South San Francisco , California, California , New York , Florida, Texas, North America

The drones began crashing on Ukraine’s front lines, with little explanation. For months, the aerial vehicles supplied by Quantum Systems, a German technology firm, had worked smoothly for Ukraine’s military, swooping through the air to spot enemy tanks and troops in the country’s war against Russia. Then late last year, the machines abruptly started falling from the sky as they returned from missions. “It was this mystery,” said Sven Kruck, a Quantum executive who received a stern letter from Ukraine’s Ministry of Defense demanding a fix. “All we could do is get information from the operators, try to find out what wasn’t working, test and try again,” Mr. Kruck said.

Persons: ”, Sven Kruck, ” Mr, Kruck Organizations: Quantum Systems, Russia, Ukraine’s Ministry of Defense Locations: German

☆ Tesla beats lawsuit claiming it monopolizes repairs, parts
▼ + stars: | 2023-11-18 | by ( Jonathan Stempel | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +2 min

Tesla logo is seen on the steering wheel of an electric vehicle at a dealership in Durango, northern Spain, October 30, 2023. She also said customers could not prove that Tesla coerced them into using its services and parts simply because they had bought their vehicles in the first place. She said customers may choose to amend their complaint, which combined five lawsuits and covered drivers who have paid for Tesla repairs and parts since March 2019. Customers said Tesla differs by requiring them to have vehicles serviced by the Austin, Texas-based company or its approved service centers, and use only Tesla parts. The case is Lambrix v Tesla Inc, U.S. District Court, Northern District of California, No.

Persons: Vincent West, Elon, Trina Thompson, Tesla, Thompson, Jonathan Stempel, Diane Craft Organizations: REUTERS, Tesla Inc, Court, Northern District of, Thomson Locations: Durango, Spain, U.S, San Francisco, California, Austin , Texas, Northern District, Northern District of California, New York

☆ 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

☆ 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

☆ Turkey's Bayraktar TB2 drones have lost their edge in Ukraine, but the company behind them is still making a big bet there
▼ + stars: | 2023-11-16 | by ( Paul Iddon | ) www.businessinsider.com time to read: +6 min

Turkish-made Bayraktar TB2 drones were a valuable weapon for Ukraine after Russia invaded last year. The TB2 drone has lost much of its utility as Russia's military has adapted to its use, however. AdvertisementA Bayraktar TB2 at a military base in Ukraine in March 2019. Press Office of the President of Ukraine / Mykola Lararenko / Handout/Anadolu Agency/Getty ImagesBaykar has supplied at least 50 TB2 drones to Ukraine to date. Baykar's Bayraktar Akinci drone on display at Istanbul's Ataturk Airport in April.

Persons: —, Haluk Bayraktar, Mykola Lararenko, Col, Volodymyr Valiukh, Ali Bakir, Haluk, Bakir, James Rogers, Rogers, Oguz Yeter, Paul Iddon Organizations: Service, Press, Anadolu Agency, Getty, Ukrainian, Ukraine's Main Intelligence, Business, Baykar, Cornell Brooks School Tech Policy Institute, Istanbul's, Airport Locations: Ukraine, Russia, Turkish, Russian, Kyiv, Ukraine's, Turkey, Ukrainian, Ankara, Syria, Libya, Nagorno, Karabakh, Ethiopia

Service centers - facilities that play a crucial role in supplying manufacturing companies nearly finished steel products - had paused purchases ahead of the United Auto Workers (UAW) union's coordinated strike against the Detroit automakers. However, many of them were soon forced to place large orders as stocks ran low and operations resumed at the carmakers. Reuters Graphics Reuters GraphicsThe automotive segment makes up about 25% of the total U.S. sheet demand, with about 65% of that attributable to the Big Three Detroit automakers in any given year, CRU data showed. Nucor Corp (NUE.N) has raised HRC prices to $950/st while U.S. Steel (X.N) recently announced a $100/st price increase, without specifying a final rate. Meanwhile, automakers stare at higher costs for a key raw material if prices extend their upward trajectory for longer.

Persons: union's, Ryan McKinley, Morgan, Philip Gibbs, Gordon Lee Johnson, Ananta Agarwal, Nathan Gomes, Arpan Varghese, Sriraj Organizations: Detroit Three, CRU Group . Service, United Auto Workers, UAW, Detroit, CRU, Reuters Graphics Reuters, Big Three Detroit, Cleveland Cliffs, HRC, Nucor Corp, U.S . Steel, KeyBanc, GLJ Research, Thomson Locations: Bengaluru

☆ Tesla shares drop 5% after HSBC calls it a 'very expensive auto company'
▼ + stars: | 2023-11-09 | by ( Lora Kolodny | ) www.cnbc.com time to read: +3 min

Tesla shares closed down about 5% on Thursday at $209.98 after HSBC Global initiated coverage with a "reduce" rating and a $146 price target. "Arguably the ideas need to become reality to support the current share price," the analysts said. On the more bullish side, HSBC analysts said Tesla's core automotive business "faces fewer challenges than the incumbents and as such, deserves a premium." Besides the "reduce" rating from HSBC, Tesla is also facing a widening strike in Sweden. The IF Metall trade union, which represents some Tesla service employees, began a strike action at 12 Tesla service centers on Oct. 27, The New York Times reported.

Persons: Elon Musk, Tesla, Dockworkers, Joe Biden, Shawn Fain Organizations: HSBC Global, HSBC, Elon, Tesla, IF Metall, New York Times, Swedish Transport Workers Union, The New, UAW, Toyota, Auto Locations: Beijing, China, Sweden, Norway, The New Republic, Illinois

AdvertisementAdvertisementThere are many ways to narrow down your options for a business bank account, including interest rates. Business vs. personal bank account interest rates at online banks*Current and prior American Express Rewards Checking customers aren't eligible for American Express Business Checking. Business banking vs. personal banking: What you need to knowOpening a business bank account involves more documentation than opening a traditional bank account. AdvertisementAdvertisementFor example, you might consider getting a business checking account over a personal checking account because it offers greater protection and access to merchants' services. Products in this post: Bank of America Advantage Savings Account, Bank of America Savings Account, Chase Business Premier Savings, Chase Premier Savings℠ Account, Regions Bank Business Premium Money Market, Regions LifeGreen® Savings Account, U.S. Bank Platinum Business Money Market Account, U.S. Bank Elite Money Market Account, Wells Fargo Business Platinum Savings, Wells Fargo Platinum Savings Account, American Express Business Checking, American Express® High Yield Savings Account, Axos Business Interest Checking, Axos Bank Rewards Checking, Live Oak Bank Business Savings, Live Oak Bank Online Savings Account, Nationwide Business Premium Savings, Nationwide My Savings Account, NBKC Business Money Market Account, NBKC Money Market Account, BlueVine Business Checking Account, Bethpage Federal Credit Union Business Money Market, Bethpage Federal Credit Union Money Market Account, Blue Federal Credit Union Business Tiered Money Market, Blue Federal Credit Union Accelerate Savings, Consumers Credit Union Business Money Market, Consumers Credit Union Free Rewards Checking Account, Premier Members Credit Union Money Market Account, Premier Members Credit Union Business Money Market Account, Signature Federal Credit Union High-Yield Checking Account, Signature Federal Credit Union Business High Yield Checking

Persons: —, you'll Organizations: Service, U.S . Bank, Business, American, Consumers Credit Union, Products, Bank of America, Chase Business Premier Savings, Chase Premier, Regions Bank, LifeGreen, Bank, Wells, Savings, Wells Fargo, Express, Oak Bank Business Savings, Oak Bank, Business Premium Savings, Nationwide, Bethpage Federal Credit Union, Money, Federal Credit Union, Blue Federal Credit Union, Money Market, Consumers Credit, Credit, Credit Union Locations: Florida, Alabama, U.S, Illinois, Wisconsin, Wells Fargo, Bethpage

Dockworkers said they would expand their blockade of the automaker’s shipment to all ports in Sweden next week, after launching the action at four key locations. The electricians’ union said its members would stop servicing Tesla charging stations when they needed a repair, and maintenance workers said they wouldn’t clean Tesla facilities. On Monday, the IF Metall trade union, which represents 300,000 workers across the country including the Tesla mechanics, said its talks with company representatives had ended without resolution. Tesla, which entered Sweden in 2013, did not respond to requests for comment. The company told Sweden’s TT News Agency that it followed Swedish labor market rules but had chosen not to sign a collective agreement.

Persons: Tesla, Dockworkers Organizations: IF, Sweden’s TT News Agency Locations: Sweden, Swedish

☆ Tesla whistleblowers filed a complaint to the SEC in 2021, but the agency never interviewed them. Here's what the complaint said
▼ + stars: | 2023-10-12 | by ( Lora Kolodny | ) www.cnbc.com time to read: +22 min

With a "goodwill" repair, Tesla essentially foots the bill for labor, parts or accessories given to keep a customer happy. "Were Tesla to accurately categorize its 'goodwill' repairs as warranty repairs, it would likely need to restate earnings for every quarter since at least 2017," the tipsters wrote in their submission. In one example, the tipsters said screenshots showed other Tesla employees changed the status of material used in manufacturing from "scrap" to "work in progress." In another example, the complaint said screenshots showed Tesla employees had manually changed the status of "used" cars to "new" in a program that tracked vehicle deliveries data. In correspondence to the agency expanding on their complaint, the whistleblowers alleged this raises questions about the firm's independence and objectivity in judging Tesla's financials.

Persons: Brandon Bell, Elon, Tesla's, Tesla, Musk, Ann Lipton, Lipton, Karen Nelson, Nelson, Nicholas Parks, it's, Oxley, restate financials Organizations: Getty, U.S . Securities, Exchange Commission, SEC, PricewaterhouseCoopers, CNBC . Agency staff, CNBC, Twitter, Tulane Law School, University of Chicago Law School, Securities, Sarbanes, Oxley, Texas Christian University, Public Company, Tesla, Parks, Nelson, Business, Exchange, Board, SpaceX, The Boring, California Alternative Energy, Transportation Financing Authority Locations: Austin , Texas, Tesla, California, U.S, Delaware

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