Elon Musk considering taking Tesla private

Tesla tossup Elon Musk announced on Tuesday that he is considering taking the company private, as he loathes having to constantly answer to investors. In fact, Elon Musk even tweeted that he had secured funding to make it go private “at $420.” Although nothing has been confirmed, investors are still shaking at the thought of […]
  • Ben Norman
  • August 7, 2018
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Musk not so confident about 1 million Tesla’s by 2020

Tesla troubles On Wednesday, Tesla CEO Elon Musk reported that the company may not meet its goal of one million Tesla vehicles by 2020. Musk explained in a conference call, “I think so, yeah. If it’s not a million, it’s going to be pretty close. I’d say if it’s not a million it’d probably be […]
  • Ben Norman
  • August 3, 2018
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GM reduces profit expectations

Tariffs hit GM General Motors (GM) reported on Wednesday that they will post fewer earnings than they originally anticipated. The forecasted drop stems from the increase of aluminum and steel from President Trump’s tariffs. In fact, according to Reuters, their costs are expected to rise $500 million to a whopping $1 billion. However, CFO Chuck […]
  • Ben Norman
  • July 26, 2018
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Walmart will test self-driving cars

Waymart? Walmart revealed Wednesday that their location in Chandler, Arizona will feature self-driving cars that lead customers to and from the store. When customers buy groceries online, a Waymo self-driving car will be sent to pick them up and then take them to the Chandler Walmart. Then, an employee will bring their groceries to the […]
  • Ben Norman
  • July 25, 2018
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Saudi Lifts Ban For Women Drivers

Saudi Arabian women are officially able to drive now after a longtime ban that has been lifted. The ban was lifted just after midnight on Sunday and women did not hesitate to hit the road. Before, women had to rely on men in their family to provide them with rides to run errands and go […]
  • Peter Boyer
  • June 25, 2018
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GM and Softbank invest in autonomous cars

All aboard the self-driving bandwagon GM and Softbank are the most recent firms to invest in self-driving cars. Japanese holding company Softbank announced its investment of $2.25 billion into GM’s self-driving development. In December, the firm purchased a 15% stake in Uber, who is also testing self-driving functionalities. GM will follow suit, investing $1.1 billion […]
  • Ben Norman
  • June 1, 2018
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Uber to build flying taxis in France

Uber is taking flight In its first research and development facility outside North America, Uber will build a center in Paris, France. Uber plans to invest $23 million in an electric takeoff and landing aircraft in France. The company hopes to unravel the technology by 2023. Uber believes that this technology is the way of […]
  • Ben Norman
  • May 25, 2018
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President Trump may create automobile tariff

Imported car tariffs may be in the near future President Trump’s most recent tariff idea after the aluminum and steel tariffs is on imported automobiles. Trump has stated that he would consider as high as a 25% tariff on all imported cars. Similar to the aluminum and steel tariffs, the President will launch a Section […]
  • Ben Norman
  • May 25, 2018
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Fire of a magnesium-parts plant suspends Ford’s F-Series

When the Meridian Magnesium Products of America’s main factory in Michigan was set ablaze by afire two weeks ago, so were the jobs and future sales of Ford and its employees. Magnesium parts have a high demand due to their light and sturdy attributes, which allow car manufacturers to increase fuel efficiency while keeping costs […]
  • Ben Norman
  • May 17, 2018
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