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Companies Tesla Inc FollowJuly 21 (Reuters) - A federal appeals court on Friday said it will reconsider its recent decision that Tesla (TSLA.O) Chief Executive Elon Musk violated federal labor law by tweeting that employees would lose stock options if they joined a union. Circuit Court of Appeals in New Orleans granted Tesla's request to revisit the case "en banc," meaning that its 16 active judges will take part. Musk issued the tweet as the United Auto Workers sought to organize employees at Tesla's plant in Fremont, California. "But why pay union dues & give up stock options for nothing?" The appeals court panel found "substantial evidence" that the tweet was "an implied threat to end stock options as retaliation for unionization."

Persons: Tesla, Elon Musk, Musk, Jonathan Stempel, Jonathan Oatis, Deepa Babington Organizations: Tesla, U.S, Circuit, National Labor Relations Board, Musk's, United Auto Workers, NLRB, Republican, Twitter, U.S . Securities, Exchange Commission, Forbes, Thomson Locations: New Orleans, Fremont , California, U.S, New York

Companies Tesla Inc FollowJuly 21 (Reuters) - A federal appeals court on Friday said it will reconsider its recent decision that Tesla (TSLA.O) Chief Executive Elon Musk violated federal labor law by tweeting that employees would lose stock options if they joined a union. Circuit Court of Appeals in New Orleans said it will review the case en banc, meaning that all active judges will take part. Musk issued the tweet on May 20, 2018, as the United Auto Workers was seeking to organize employees at Tesla's plant in Fremont, California. "But why pay union dues & give up stock options for nothing?" Reporting by Jonathan Stempel in New York; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Tesla, Elon Musk, Musk, Jonathan Stempel, Jonathan Oatis Organizations: Tesla, U.S, Circuit, National Labor Relations Board, United Auto Workers, Thomson Locations: New Orleans, Fremont , California, New York

☆ Tesla cuts prices in Japan for Model 3 and Y
▼ + stars: | 2023-07-05 | by ( ) www.reuters.com time to read: +1 min

[1/2] Tesla Model 3 vehicles are seen for sale at a Tesla facility in Fremont, California, U.S., May 23, 2023. The company slashed prices for all variants of its lower-priced Model 3 by about 3%, its website showed, while reducing those of all Model Y variants by around 4%. The price reductions come about two months after the company last put a higher price tag on the Model 3 and Y in Japan. Model 3 is now priced at 5,245,600 yen ($36,362) in Japan, while Model Y is priced at 5,637,000 yen. Tesla kept unchanged the prices of Model S and X, higher-priced EVs for which it had started accepting orders in Japan in May.

Persons: Carlos Barria, Tesla, Daniel Leussink, Louise Heavens Organizations: Tesla, REUTERS, Tesla Inc, Thomson Locations: Fremont , California, U.S, TOKYO, Japan

☆ Tesla reported 466,140 deliveries for the second quarter, and production of 479,700 vehicles
▼ + stars: | 2023-07-02 | by ( Lora Kolodny | ) www.cnbc.com time to read: +4 min

The second quarter of 2023 marked the fifth period in a row when Tesla reported a higher level of vehicles produced compared to deliveries. During the second quarter of last year, Tesla reported 254,695 deliveries, and in the first quarter of 2023, Tesla reported 422,875 deliveries. During the second quarter of 2022, Tesla produced 258,580 vehicles and last quarter it produced 440,808 vehicles. About 96% of the deliveries Tesla reported in the second quarter of 2023 were of its Model Y crossover, and Model 3 entry-level sedan in this quarter. The company said, in a statement, it will post financial results for the second quarter after the market close on Wednesday, July 19, 2023.

Persons: Tesla, TroyTeslike, Elon, Piper Sandler, Alexander E, Potter, Price, Musk, Narendra Modi, — CNBC's Ashley Capoot Organizations: Tesla, Elon, FactSet, Semi, India, Twitter, SpaceX Locations: Austin , Texas, U.S, China, Fremont , California, Shanghai, Brandenburg, Germany, Berlin, Sparks , Nevada, Monterrey, Mexico, New York, India, North America

☆ 10 Things in Tech: Digital nomad regrets, a longevity researcher’s morning routine, and sun activity
▼ + stars: | 2023-06-28 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +4 min

In case you missed it: This is the last week of 10 Things in Tech. The EV company only has six gigafactories across the world: Fremont, California; Sparks, Nevada; Berlin; Shanghai; Austin, Texas; and Buffalo, New York. Each location is outfitted with solar panels, and Musk claims 100 gigafactories could supply the world with all of its energy. My colleague Graham Rapier takes us into the world of Tesla's gigafactories and breaks down what their futures could look like. In a world of remote work, they're trying to pay people the least amount of money to get work done (think freelancers and contractors).

Persons: I'm, Siu, let's, Elon Musk, Graham Rapier, gigafactories, Tyler Le, Allbirds, M0.0nshot, Gigi Chow, Elon Musk's, Walter Isaacson, it's, David Sinclair, Lewis Joly, cardiologists, Eid Mubarak, Diamond Naga Siu, Alistair Barr, Hallam Bullock Organizations: it's, EV, Employers, Paris Air, Storm Shadow, Interactive Entertainment, Tencent Locations: Tech, Fremont , California, Sparks , Nevada, Berlin, Shanghai, Austin , Texas, Buffalo , New York, Silicon, San Francisco, Croatia, Dubrovnik, Harvard, Le Bourget, Paris, France, Ukraine, New York, Florida, Barcelona, Spain, San Diego, Silicon Valley, London

☆ Zoox headcount grows as Amazon's self-driving unit expands testing in Vegas
▼ + stars: | 2023-06-27 | by ( Abhirup Roy | Akash Sriram | ) www.reuters.com time to read: +1 min

FILE PHOTO: The assembly line for Zoox, a self-driving vehicle owned by Amazon, is seen at the company's factory in Fremont, California, U.S. July 19, 2022. REUTERS/Carlos Barria(Reuters) - Amazon.com Inc’s self-driving vehicle unit, Zoox, is hiring more employees to expand its testing in Las Vegas at a time when the regulatory implications have taken a front seat in the development of autonomous vehicle technology. Levinson said that Zoox autonomous vehicle will not be driving on the Vegas strip yet but is being tested for handling traffic lights, intersections and drive at speeds of up to 35 miles per hour. Ford Motor Co and Volkswagen AG last fall announced that they would shut down their Argo AI self-driving unit and focus on driver-assistance technology that provided more immediate returns. Alphabet’s self-driving technology project Waymo laid off 137 employees in a second round of job cuts this year.

Persons: Carlos Barria, Zoox, Zoox’s headcount, Jesse Levinson, Levinson, ” Levinson Organizations: Amazon, REUTERS, Reuters, Ford Motor Co, Volkswagen AG, Argo Locations: Fremont , California, U.S, Las Vegas, California

☆ RPT ANALYSIS For EV batteries, lithium iron phosphate narrows the gap with nickel, cobalt
▼ + stars: | 2023-06-23 | by ( Paul Lienert | ) www.reuters.com time to read: +5 min

[1/2] Tesla Model 3 vehicles are seen for sale at a Tesla facility in Fremont, California, U.S., May 23, 2023. REUTERS/Carlos Barria/File PhotoDETROIT, June 23 (Reuters) - As the auto industry scrambles to produce more affordable electric vehicles, whose most expensive components are the batteries, lithium iron phosphate is gaining traction as the EV battery material of choice. But technological advances have also reduced the performance gap with more widely used materials such as nickel and cobalt. Ford Motor (F.N) aims to open a $3.5 billion LFP cell manufacturing plant in western Michigan, leveraging technology licensed from China’s CATL (300750.SZ), the world’s largest EV battery maker. The rapidly increasing adoption of LFP by EV manufacturers including Tesla and Hyundai suggests those companies “are not ready to decouple from China," Meng said.

Persons: Carlos Barria, Tesla, ”, Stanley Whittingham, Mujeeb Ijaz, “ We’ve, China’s, Jim Farley, Shirley Meng, Meng, Lukasz Bednarski, Bednarski, LFP, Whittingham, “, Paul Lienert, Matthew Lewis Organizations: Tesla, REUTERS, DETROIT, EV, Toyota, Hyundai, U.S, Binghamton University, Ford, University of Chicago, Argonne, Laboratory’s, Center for Energy Storage Science, New Energy, Thomson Locations: Fremont , California, U.S, North America, New York, Michigan, Van Buren, China, United States, Norway, Israel, South Korea, EVs, Detroit

☆ Ford-SK venture to get $9.2 billion US loan for battery plants
▼ + stars: | 2023-06-22 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

WASHINGTON, June 22 (Reuters) - The U.S. Energy Department plans to lend up to $9.2 billion to a joint venture of Ford Motor (F.N) and South Korea's SK On to help it build three battery plants in Tennessee and Kentucky. The conditional commitment for the low-cost government loan for the BlueOval SK joint venture comes from the government's Advanced Technology Vehicles Manufacturing (ATVM) loan program. The joint venture is building three battery manufacturing facilities in Kentucky and Tennessee capable of collectively producing more than 120 gigawatt hours annually, the Energy Department said. This is the sixth loan for battery supply chain projects from the ATVM program. Last year, the department awarded a joint venture of General Motors (GM.N) and LG Energy Solution (373220.KS) $2.5 billion to help finance construction of new lithium-ion battery cell manufacturing facilities.

Persons: Jigar Shah, Dave Webb, Robert Rhee, Ford, Jim Farley, Tesla, David Shepardson, Toby Chopra, David Evans, Alexander Smith Organizations: U.S . Energy Department, Ford Motor, Korea's SK, BlueOval SK, Technology Vehicles Manufacturing, SK, South Korea's SK Innovation, Energy Department, Energy, Ford, Lincoln, Republican, Republicans, Biden, General Motors, LG Energy, Ultium Cells, Thomson Locations: Tennessee, Kentucky, South, United States, KS, Ohio , Tennessee, Michigan, Fremont , California

☆ Analysis: For EV batteries, lithium iron phosphate narrows the gap with nickel, cobalt
▼ + stars: | 2023-06-22 | by ( Paul Lienert | ) www.reuters.com time to read: +5 min

[1/2] Tesla Model 3 vehicles are seen for sale at a Tesla facility in Fremont, California, U.S., May 23, 2023. REUTERS/Carlos Barria/File PhotoDETROIT, June 22 (Reuters) - As the auto industry scrambles to produce more affordable electric vehicles, whose most expensive components are the batteries, lithium iron phosphate is gaining traction as the EV battery material of choice. But technological advances have also reduced the performance gap with more widely used materials such as nickel and cobalt. Ford Motor (F.N) aims to open a $3.5 billion LFP cell manufacturing plant in western Michigan, leveraging technology licensed from China’s CATL (300750.SZ), the world’s largest EV battery maker. The rapidly increasing adoption of LFP by EV manufacturers including Tesla and Hyundai suggests those companies “are not ready to decouple from China," Meng said.

Persons: Carlos Barria, Tesla, ”, Stanley Whittingham, Mujeeb Ijaz, “ We’ve, China’s, Jim Farley, Shirley Meng, Meng, Lukasz Bednarski, Bednarski, LFP, Whittingham, “, Paul Lienert, Matthew Lewis Organizations: Tesla, REUTERS, DETROIT, EV, Toyota, Hyundai, U.S, Binghamton University, Ford, University of Chicago, Argonne, Laboratory’s, Center for Energy Storage Science, New Energy, General Motors, Battery, Thomson Locations: Fremont , California, U.S, North America, New York, Michigan, Van Buren, China, United States, Norway, Israel, South Korea, EVs, Detroit

☆ 'I am a fan of Modi': Elon Musk on his friendship with Indian Prime Minister Modi
▼ + stars: | 2023-06-21 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +1 min

CEO of SpaceX and Tesla, and owner of Twitter, Elon Musk, at the Viva Technology conference at the Porte de Versailles exhibition center on June 16, 2023 in Paris, France. Tesla CEO Elon Musk says he is "incredibly excited about the future of India," adding that it has "more promise than any large country in the world." "I am a fan of Modi," Musk admitted Tuesday in a video interview published on Prime Minister Narendra Modi's official YouTube page. Modi and Musk last met in 2015 when the Indian prime minister visited Tesla's Fremont Factory in California. The Indian prime minister is on his first state visit to the U.S., where he's expected to hold high-level talks with leaders and business executives on defense, technology and India's role in the Indo-Pacific.

Persons: Elon Musk, Porte, Modi, Musk, Narendra Modi's Organizations: SpaceX, Tesla, Twitter, Viva Technology, Porte de, Tesla's Fremont Locations: Paris, France, India, New York, Tesla's, California, U.S

☆ Florists, caterers...Tiktokers? Content creators are bringing in up to $150/hour filming weddings for social media
▼ + stars: | 2023-05-28 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +7 min

Wilkins, 29, of Fayetteville, Ark., says social media plays a large role in her life as a small business owner. She thinks hiring wedding content creators makes sense in addition to hiring traditional wedding photographers and videographers. For one, she says, "No matter what media you use to take the pictures, they're going to end up on social media." Lanise Harris was always good at capturing social media content at weddings. Alejandra Hernandez wedding content creator, Always a Bride Events

☆ Tesla offering discounts of over $1,300 on some U.S. Model 3 cars
▼ + stars: | 2023-05-19 | by ( Hyunjoo Jin | ) www.reuters.com time to read: +1 min

[1/2] Workers walk among a row of Tesla Model 3 electric vehicles at Tesla's primary vehicle factory in Fremont, California, U.S. May 11, 2020. REUTERS/Stephen LamSAN FRANCISCO, May 19 (Reuters) - Tesla (TSLA.O) is offering discounts of more than $1,300 on some Model 3 cars in its U.S. inventory following even heavier discounts in Europe, according to a Reuters' review of its website, at a time when the electric carmaker has raised U.S. prices on most newly ordered cars this month. Tesla CEO Elon Musk told shareholders on Tuesday the company will try advertising for the first time, in a move seen by analysts to drum up demand. Musk also warned Tesla was not immune to the global economy, which he said will be difficult for the next 12 months. Reporting by Hyunjoo Jin; Editing by Ben Klayman and Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.

A judge said that amount was excessive and ordered a second trial on damages after Diaz rejected a reduced award of $15 million. "There is no other explanation for the extraordinary gap between the first and second jury's damages verdicts," his lawyers wrote. Diaz also renewed a motion for a mistrial on similar grounds, which the judge had denied in the middle of the retrial. The U.S. Supreme Court has said punitive damages should be no more than nine times the amount of other damages. Lawyers for Tesla and Diaz did not immediately respond to requests for comment on Wednesday.

☆ Black ex-Tesla worker awarded $3.2 million in a racial harassment case is seeking a new trial, saying 'poisonous messaging' made proceedings unfair
▼ + stars: | 2023-05-10 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

A Black former Tesla worker rejected a $3.2 million payout in a racial harassment case against the firm. Owen Diaz is seeking another trial after Tesla lawyer's "poisonous messaging" tainted proceedings. A Black former Tesla contract worker who was awarded $3.2 million in damages in a racial harassment case against the company is seeking a retrial, saying that the use of "poisonous messaging" tainted the proceedings. Diaz told the court in 2021 that colleagues verbally abused him and told him to "go back to Africa," according to CNBC. These lawyers said that the $3.2 million payout is disproportionate to Diaz's compensatory damages, per Bloomberg.

☆ Seven US senators raise concerns about Tesla use of forced arbitration clauses
▼ + stars: | 2023-05-08 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

Companies Tesla Inc FollowWASHINGTON, May 8 (Reuters) - A group of seven U.S. senators on Monday questioned Tesla Inc's (TSLA.O) use of forced arbitration clauses in employee and consumer contracts, arguing that they prevent bringing discrimination claims and consumer safety complaints to court. Tesla has said it does not tolerate workplace discrimination and takes worker complaints seriously. The senators cited an ongoing National Highway Traffic Safety Administration investigation into reports of “phantom braking" in Tesla vehicles. The senators sought answers to detailed questions by June 8 about Tesla's use of forced arbitration. The senators said arbitration clauses may keep"potential safety flaws from the public eye and limited regulatory authorities’ ability to protect Tesla customers and employees and hold Tesla publicly accountable."

A group of mostly Democratic senators pressured Tesla CEO Elon Musk to end the company's use of forced arbitration clauses in employee and customer contracts, in a letter on Monday. Forced arbitration clauses in consumer contracts have similarly obscured important details about Tesla's vehicle safety and business practices from the public, the lawmakers wrote. They asked for the same details about sexual harassment complaints from Tesla workers. However, Tesla makes and sells its cars direct to consumers so its forced arbitration clauses cover more than the norm where auto sales are concerned. Tesla uses arbitration clauses as a tactic to shunt people into a forum that's pretty rigged for the corporation."

☆ The updated list of EVs eligible for up to $7,500 in tax credits is out — here's which models qualify under the stricter rules
▼ + stars: | 2023-05-01 | by ( Alexa St. John | ) www.businessinsider.com time to read: +1 min

If you're in the market for an electric car and were banking on tax credits to drop the price by $7,500, you now have fewer options to choose from. A Tesla Model 3 rolls out of the Tesla factory in Fremont, California. The list also details which electrified vehicles qualify for half credit, or $3,750. The tax credits are meant to incentivize the auto industry to move their supply chains and invest in electric vehicle development in the US. Few all-electric vehicles can get the full credit amount starting April 18, while others qualify for partial credits.

☆ Tesla broke U.S. labor law by silencing workers, official rules
▼ + stars: | 2023-04-26 | by ( Daniel Wiessner | ) www.reuters.com time to read: +2 min

(Reuters) - Tesla Inc supervisors at a Florida service center violated U.S. labor law by telling employees not to discuss pay and other working conditions or bring complaints to higher level managers, a U.S. labor board official has ruled. The judge ordered Tesla to cease and desist from violating workers’ rights and to post notice of the violations in the service center and email it to employees. Tesla had argued that it had quickly repudiated the managers’ comments by posting a notice in the service center that Tesla policy allowed workers to discuss their pay. The judge said that attempting to silence employees violated their fundamental right under U.S. labor law to band together to advocate for better working conditions. The company is also appealing an NLRB decision that said it unlawfully barred factory workers from wearing union t-shirts.

☆ Enphase Energy second-quarter revenue forecast disappoints, shares fall
▼ + stars: | 2023-04-25 | by ( Arshreet Singh | ) www.reuters.com time to read: +2 min

Companies Enphase Energy Inc FollowApril 25 (Reuters) - Enphase Energy Inc (ENPH.O) reported market-beating profit in the first quarter on strong sales in Europe, but forecast second-quarter revenue below Wall Street expectations, sending its shares down as much as 17% in extended trading on Tuesday. The company expects second-quarter revenue between $700 million and $750 million, below analysts' estimate of $773 million, according to Refinitiv data. Enphase in February had expected first-quarter revenue in the range of $700 million to $740 million. Raymond James' Molchanov sees revenue growing in the second half of the year with the second quarter remaining flat. The company in March said shipments of its microinverters from Romania are expected to begin in the second quarter of this year.

☆ Tesla investors call for 'distracted' Elon Musk to be reined in as they worry he's 'overcommitted'
▼ + stars: | 2023-04-21 | by ( Grace Kay | Sam Tabahriti | ) www.businessinsider.com time to read: +5 min

Tesla investors called for Elon Musk to be reined in an open letter, citing the CEO's many commitments. A group of Tesla investors is calling for Elon Musk to be reined in, saying the CEO has been distracted by commitments to his other companies like Twitter. "The Board allowed the CEO to be overcommitted at a time when the company faces critical challenges," the letter stated. Tesla and Musk didn't immediately respond to requests for comment from Insider ahead of publication. Gerber's name is not listed on the open letter.

☆ Earning $300,000 a year is still considered middle class in this U.S. city—it’s not New York or LA
▼ + stars: | 2023-04-19 | by ( Kamaron Mcnair | ) www.cnbc.com time to read: +1 min

Around half the American population is considered middle class, according to the most recent Pew Research data. That means you can earn $100,000 and be considered middle class in some locales, but not others. In fact, middle class income ranges vary widely across the largest 100 U.S. cities, according to a new study from SmartAsset. Fremont, California, has the highest-earning middle class with those earning up to $311,936 still falling in the middle-income range there. SmartAsset used a variation of Pew’s middle class calculation to determine where middle class Americans are making the most money.

☆ These are the EVs to buy if you want a $7,500 tax credit
▼ + stars: | 2023-04-17 | by ( Alexa St. John | ) www.businessinsider.com time to read: +1 min

If you're in the market for an electric car and were banking on tax credits to drop the price by $7,500, you now have fewer options to choose from. Monday's news also detailed which electrified vehicles qualify for half credit, or $3,750. The two halves of the credit are related to the origin of its battery and critical minerals components. The tax credits are meant to incentivize the auto industry to move their supply chains and invest in electric vehicle development in the US. Only 10 electric vehicles can get the full credit amount starting April 18, while six others qualify for partial credits.

☆ Elon Musk says he sometimes sleeps on a couch in the library of Twitter's San Francisco headquarters
▼ + stars: | 2023-04-12 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +2 min

Elon Musk says he has a sleeping spot in Twitter's San Francisco offices. "There's a couch there and I sleep there sometimes," Musk told the BBC. And, uh, there's a couch there, and I sleep there sometimes," Musk told the BBC during a live-streamed interview on Tuesday night. And in December, he turned some office space at the San Francisco headquarters into bedrooms. The topics covered included Twitter's content moderation, the company's mass layoffs, Musk's intention to turn Twitter's San Francisco office into a homeless shelter, and his dog Floki, who he jokingly calls Twitter's CEO.

☆ Tesla nominates ex-CTO JB Straubel to board of directors
▼ + stars: | 2023-04-07 | by ( Lora Kolodny | ) www.cnbc.com time to read: +3 min

JB Straubel, Tesla Motors' former chief technical officer, speaks during a ribbon cutting for a new Supercharger station outside of the Tesla Factory on August 16, 2013 in Fremont, California. Tesla has nominated JB Straubel, the CEO and founder of e-waste recycler Redwood Materials, to its eight-member board of directors, according to an SEC filing out Thursday. Straubel is deemed a co-founder of Tesla due to his engineering and operations leadership at Tesla from early on. Mizuno was previously the chief investment officer Japan's government pension investment fund and has been a member of the Tesla board since April 2020. Besides Straubel, Tesla is nominating CEO Elon Musk and chair Robyn Denholm to be re-elected to the board of directors again.

☆ Watch the Tesla Cybertruck run suspension tests at the Fremont factory
▼ + stars: | 2023-04-05 | by ( Nora Naughton | ) www.businessinsider.com time to read: +2 min

Elon Musk has slowly dripped out details about the electric pickup truck since the reveal in 2019. In the years since the Cybertruck reveal, Elon Musk has slowly dripped out details on the truck. Once the Cybertruck does go on sale, it will be entering an increasingly crowded electric pickup truck market. GM is also planning to release an all-electric version of its popular Chevrolet Silverado truck this fall, while Ram's upcoming electric pickup truck is featured at the New York Auto Show this week. Watch the latest Cybertruck video here:Are you a Cybertruck order-holder?

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