Tesla Inc has recalled nearly two-thirds of Model S and Model X vehicles made last year to fix a parking brake issue.
Following the biggest ever recall for the company, announced on Thursday, shares of the luxury electric car maker were down nearly 1 percent to settle at $302.77 in afternoon trading.
The vehicles affected are roughly 53,000 of Model S and Model X electric cars built between February and October of 2016. 31,000 of them were sold in the U.S. More »
Tesla bucks the tradition and the company is going to release the Model 3 with a single central display.
After almost a year of rumors and speculation, Elon Musk has confirmed that Model 3 will not feature a head-up display. That means everything, from navigation to music, will be on the one display.
There will not be a traditional gauge cluster behind the steering wheel, and no head-up display, either; no speedometer, fuel gauge, temperature gauges, rev counter, or even a clock in front of the driver. More »
Four large U.S. banks and giant card-payment processors that issue debit and credit cards were hit by a data-security breach that was discovered by third-party services provider Global Payments Inc. when its systems were compromised by unauthorized access.
Global Payments Inc had found “unauthorized access” into its system early in March and notified law enforcement authorities and financial institutions, officials for the company said last Friday. More »
SpaceX is planning to launch two private investors on a one-week mission around the moon, said Elon Musk during a telephone news conference on Monday.
In order to complete the mission, the company will use its new Dragon 2 space capsule and Falcon Heavy rockets. The trip would cost more than $300 million.
The SpaceX CEO, Elon Musk, said that they are planning to send two travelers around the moon and back to Earth before the end of next year. The two tourists would spend about a week inside one of SpaceX’s new Dragon 2 capsules, launched on the company’s Falcon Heavy rocket. More »
Tesla expects to finalize locations for three more Gigafactories later this year, the company revealed Wednesday.
Telsa has currently two Gigafactories. The first one, Gigafactory 1, is located outside of Reno, Nevada and the facility in Buffalo where Tesla is building solar panels together with Panasonic.
Gigafactory 1 spreads on about 3,200 acres in a massive industrial center. The current structure of the factory features a footprint of 1.9 million square feet More »
Panasonic Corp. and Tesla Motors Inc. are planning to begin production of solar cells and modules at a factory in Buffalo, New York.
Japanese electronics company and U.S. electric car maker said Tuesday they finalized an agreement. Panasonic would pay capital costs for the manufacturing and Tesla made a long-term purchase commitment.
The factory in Buffalo is under development of SolarCity, More »
Uber removed its self-driving cars from San Francisco streets on Wednesday bowing to the state’s DMV.
The ride-hailing company pulled its fleet of autonomous cars off San Francisco streets after California’s regulations revoked Uber’s vehicle registrations.
Hours after Uber launched a self-driving car service in its hometown last week, the state’s regulators threatened legal action. More »
Uber won’t stop self-driving car service in San Francisco, despite California regulators say it is illegal.
The legal fight started last Wednesday when any passenger in San Francisco requesting a ride from Uber, might have been picked up by an autonomous car. After receiving on his phone a notification in the Uber application, one could accept or cancel and then request a regular ride. More »
Ultra-fast hyperloop train will travel from Dubai to Abu Dhabi in 12 minutes.
The futuristic Dubai has agreed a deal with Los Angeles-based startup Hyperloop One to study the potential for building a near-supersonic transport line linking it to Emirati capital Abu Dhabi. The announcement of the deal was made at the top of the world’s tallest building, the Burj Khalifa. More »
The biggest factory in the world, the new Tesla Gigafactory, will be run by robots, boasted Elon Musk.
Electric car maker Tesla Motors has announced that it has entered into an agreement to buy Germany’s Grohmann Engineering to accelerate its production rate, the automaker said in a blog post.
Grohmann Engineering is based in Pruem, Germany and specializes in highly automated manufacturing techniques. The German firm has production lines for battery and fuel cells and produces batteries for numerous German and international automobile manufacturers. More »