A federal probe was started after a 12th Tesla crash in December was believed to be tied to the auto pilot system. The technology at the time was suspected in four fatal accidents. … [Read more...] about Passenger inside autopilot Tesla breathes huge sigh of relief as car smoothly dodges lane-swerving truck on Vegas highway and averts crash
Coronavirus' top winners: From Netflix to Tesla In top gear Tesla has emerged as the most valuable automaker amid the pandemic, eclipsing Toyota and Volkswagen, despite selling only a fraction of cars sold by the traditional behemoths. Tesla shares rose more than 100% in the second quarter during which the carmaker's sales topped estimates thanks to a rapid ramp-up in production at its Shanghai plant, which remained largely unaffected by the pandemic. … [Read more...] about Tesla overlooked for S&P 500, stock tumbles by around one-fifth
However, eight years ago the fund managers James Anderson and Tom Slater began investing heavily in Tesla, when the shares were changing hands at about $6 each. This week they were trading at about $350, although significantly down from their peak of $498 in late August. … [Read more...] about Electrifying returns: Scottish firm makes £12.8bn investing in Tesla
If this is a tech bubble, it is made of stronger stuff than the one that burst at the turn of the millennium. That bubble was epitomised by young startup companies such as Pets.com, which went out of business just nine months after its much-hyped share sale. This one is being inflated by some of the biggest, most profitable companies the world has ever seen. … [Read more...] about Twenty years after the dotcom crash, is tech’s bubble about to burst again?
Cars and COVID-19: From shutdown to slow recovery Tentative recovery Chinese autoworkers, like those at Honda's Dongfeng plant (pictured), have already resumed work, hoping for sales in the world's largest car market to pick up again. While in February car sales in China collapsed by 80%, there was light at the end of the tunnel in March with declines slowing to 48%. Meanwhile, all of Daimler's production plants in the country are back in operation. … [Read more...] about German carmakers under pressure from coronavirus crisis and industry transformation