Tag "tesla"

Elon Musk takes charge of Tesla’s Model 3 production unit

By : CIOL Writers

Tesla CEO Elon Musk has taken charge of its flagship electric sedan- Model 3’s production unit. The CEO has pushed aside former Apple executive Doug Field, according to a report from The Information. Field, Tesla’s senior vice president of engineering,

The best of April Fools’ Day’18 from the tech world

By : CIOL Writers

Tech companies around the world have a long history of pulling off pranks on their customers as part of April Fools’ Day and this year was no different. Companies like Google, Tesla, Reliance, OnePlus, and many more pulled off some really

Elon Musk deletes Tesla & SpaceX Facebook pages; Mozilla follows suit

By : CIOL Writers

Joining the bandwagon for the #DeleteFacebook movement, Elon Musk yesterday deleted the Facebook pages of his companies- Tesla and SpaceX. Elon Musk, the CEO of Tesla and SpaceX was answering to a flurry of tweets when he responded to WhatsApp

Apple’s autonomous cars outnumber Waymo and Uber in California

By : CIOL Writers

Barely days after one of Uber’s autonomous vehicles killed a pedestrian in Arizona, a new report claims that Apple has significantly increased the number of test vehicles in California. Apple has almost doubled its fleet of autonomous cars in California, as per

Hackers use Tesla’s cloud to mine cryptocurrency

By : CIOL Writers

Tesla’s cloud storage on Amazon Web Services(AWS) was hacked and used to mine cryptocurrency. RedLock, an Indian security research firm detected and reported about the security breach. RedLock’s researchers say they found Tesla’s unprotected information on a Kubernetes console, a Google-designed

SpaceX’s Starman and his Roadster send their last selfie

By : CIOL Writers

SpaceX founder Elon Musk released Starman and his Roasdter’s final selfie from a camera on the rocket’s second stage showing the space-suited driver Starman outbound with an increasingly distant crescent Earth in the background. When SpaceX successfully launched the world’s most

Tesla still lags behind on Model 3 deliveries

By : CIOL Writers

The production hell of Tesla’s Model 3 is far from over. The electric-car maker said on Wednesday that production of the much publicized Model 3, in the final quarter of 2017 was way short of initial targets and despite making “major progress”

Elon Musk promises to build pickup truck right after Model Y

By : CIOL Writers

Tesla CEO Elon Musk announced that the company will be building the pickup truck right after Model Y crossover arrives between 2019 and 2020. The Model Y is a crossover/small SUV vehicle that is reportedly in the more advanced stages of development.

Elon Musk wins a bet to build world’s largest lithium-ion battery

By : CIOL Writers

While Model 3 continues to give sleepless nights to Elon Musk, seems like he finally has something to cheer. Tesla has completed the construction of world’s largest lithium-ion battery as part of a renewable energy project for South Australia with the

Tesla acquires automated equipment maker Perbix Machine Company

By : CIOL Writers

At a time when Tesla is struggling to meet the targets for Model 3 production, the automaker has acquired Perbix, an automated equipment maker and supplier it’s been working with for the past few years. Financial terms of the deal were

Tesla posts record quarterly loss with sluggish Model 3 production

By : CIOL Writers

When Tesla reported its third-quarter financial results on Wednesday, it missed earnings forecasts by quite a bit. The company posted wider-than-expected loss at $619 million as it spent heavily to ramp up production of its Model 3, its first mass market electric

Tesla fires hundreds of employees from its SolarCity unit: Report

By : CIOL Writers

After firing thousands of employees from its motor vehicle division, Tesla has reportedly fired more employees from its SolarCity division, according to a report from CNBC. Tesla says that the firings are part of a normal performance review, but a

Tesla fires hundred of employees after annual performance review

By : CIOL Writers

Tesla Motors has fired between 400 to 700 employees after completing its annual performance review, as reported by the Mercury News. The firing of the employees comes at a time when the company is planning to ramp up the production

Tesla delays semi truck unveiling to focus on Model 3 production

By : CIOL Writers

Tesla CEO Elon Musk has announced that the unveiling of the electric semi truck will now be held on November 16 and not October 26 as previously teased. Apparently the production issues with its new car, the Model 3 are

Tesla said to be working on its own AI chip for self-driving cars

By : CIOL Writers

In a bid to reduce its dependence on Nvidia, Tesla is developing its own AI processor to power self-driving cars, reports CNBC. Presently, Nvidia supplies graphic processing units (GPUs) which power Tesla’s Autopilot and future self-driving system. According to the report,

Elon Musk to unveil Tesla’s all-electric semi-truck on October 26

By : CIOL Writers

Tesla which had earlier set September as the timeframe for the grand launch of its all-electric semi-truck is now going to unveil the big rig on October 26. The new date has been confirmed by Tesla CEO Elon Musk in

Tesla working on self-driving technology for electric semi truck: Report

By : CIOL Writers

Tesla is working on self-driving technology for its forthcoming electric semi truck, according to a Reuters report. The report, citing Tesla’s correspondence with Nevada Department of Motor Vehicles (DMV), says that the technology would allow the electric semi truck to

Tesla looking to raise $1.5bn to boost Model 3 production

By : CIOL Writers

Tesla is looking to raise about $1.5 billion in bond offerings as the electric car manufacturer ramps up the production of its Model 3 sedan. “We plan to offer senior notes due in 2025 and would use the offering’s proceeds

Tesla posts better than expected revenue in Q2

By : CIOL Writers

Tesla posted $2.79 billion in revenue for Q2, beating Wall Street’s estimates, as deliveries of its high-end all-electric Model S sedans and sports utility vehicle Model X continued to grow. The Silicon Valley carmaker said it lost $336.4 million, or $2.04 a share,

Tesla adds James Murdoch and Linda Johnson Rice to its board of directors

By : CIOL Writers

Tesla has announced that it has added two new independent directors to its board including 21st Century Fox CEO James Murdoch and Linda Johnson Rice- the CEO of Johnson Publishing Company and Ebony Media Operations. The appointments expand Tesla’s board to