Tag: Automotive
Elon Musk threatens to pull Tesla operations out of California and into Texas or Nevada
Tesla CEO Elon Musk said Saturday the company will file a lawsuit against Alameda County and threatened to move its headquarters and future programs to Texas or Nevada immediately, escalating a fight between the company and health officials over whether its factory in Fremont can reopen. Tesla had planned to…
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Tesla hasn’t been given the ‘green light’ to reopen Fremont factory, health official says
Tesla has not been given the “green light” to open its factory in Fremont, California, Alameda County Health Officer Dr. Erica Pan said in a videostreamed town hall meeting Friday. Tesla has made plans to open as early as Friday in defiance of the county’s extended stay-at-home order. Tesla said…
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Uber pushes adjusted quarterly profit target to 2021
Uber has pushed its target to achieve a measure of profitability to a quarter in 2021, reversing a decision made just three months ago to move up the goal to the end of this year. Uber will miss its target to reach an adjusted EBITDA quarterly profit in the fourth…
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Tesla prepares to bring back 30% of Fremont factory workers in spite of county order
Tesla is aiming to ramping up ‘limited operations’ at its factory in Fremont, California, a decision that puts the company and its CEO Elon Musk in direct conflict with a stay-at-home order in Alameda County. Employees received two emails — one from Musk and another from the Valerie Workman, the…
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Uber may use its selfie tech to verify drivers are wearing masks
When Uber rolled out its selfie system for drivers in 2016, the ride-hailing company was focused on preventing fraud. In the future, it could be used to ensure drivers are wearing a mask. Uber said earlier this week — CEO Dara Khosrowshahi reiterated today — that it is working through…
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How Lyft intends to navigate and survive COVID-19
A glimpse at Lyft’s stock price Wednesday, which soared as much as 16.77% after first-quarter earnings were reported, suggested all was well in the ride-hailing company’s world. In this COVID 19-era, “well” is a relative term. Lyft’s net losses did dramatically improve from the year-ago quarter (a loss of $398…
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