The sprawling Fremont campus where Tesla makes its cars will take the brunt of the company layoffs, Tesla said in public notices filed with the state of California. The electric carmaker will terminate more than a thousand positions from its workforce in Northern California, as part of an announced round of layoffs affecting more than […]
Tesla Inc. cut the price of its mass-market Model 3 sedan for the second time this year, another step in Chief Executive Elon Musk’s quest to drive the sticker price—not counting tax credits and fuel savings—down to $35,000. The Silicon Valley auto maker shaved another $1,100 off the cheapest version of the Model 3, lowering […]
California’s cement industry could be overhauled if Sierra Club California and a Bay Area Assembly member get their way. A new Sierra Club study says cement production is responsible for 5 percent of carbon pollution globally. “This is one industry that has managed to keep the status quo even though the science is showing we […]
The lowest priced Model S will now cost $85,000 with software limiting the range of the battery to 310 miles per full charge, while the Model X will start at $88,000 with a range of 270 miles. The “extended range,” “performance” and “performance with ludicrous mode” versions will range from $93,000 to $137,000.
The Institute for Supply Management’s manufacturing index came in at 56.6 for January, easily surpassing economist expectations for 54 score. This measure of economic activity, which is based on a monthly survey of purchasing managers at roughly 300 manufacturing firms nationwide, had weakened considerably to 54.1 in December and was expected to continue weakening. The […]
Earlier this month, the Supreme Court heard oral arguments in Merck v. Albrecht. At issue in the case is when the federal regime for regulating pharmaceutical products (principally through the Food and Drug Administration, or FDA) might preempt state regulatory regimes (principally through tort litigation). However the case is resolved, this area of law is […]
Tesla needs more cash. To help keep what it’s got from flying out the door, Chief Executive Elon Musk on Wednesday announced the end of a customer referral program that offers free Supercharging to new buyers. “It’s adding too much cost to the cars, especially the Model 3,” Musk said in a tweet late Wednesday. […]
Tesla Inc.plans to eliminate 7% of its full-time workforce, the auto maker’s second round of job cuts in a year as it tries to maintain profitability while lowering the price of its Model 3 sedan. The maker of electric vehicles has been jacking up production of the Model 3 while chasing its long-held dream of […]
Advanced manufacturing is exploding across the Bay Area, with about 650 companies using 3-D printers and computer-controlled machines to produce everything from robots to eyeglasses to drones to backpacks. But for most residents the fast-growing sector — and the skills needed to join its workforce — remain a mystery. Now San Francisco Mayor London Breed […]
Tesla will stop selling the lowest-priced versions of its Model S sedans and Model X SUVs from Monday, the automaker’s CEO Elon Musk wrote in a tweet late on Wednesday. The Model S and X are Tesla’s second and third major lines of electric vehicles, and are higher-priced lines compared to its newest Model 3. […]
Hundreds of Faraday Future employees laid off in late October have wondered for weeks when — and even if — they would get back to work. That answer may come by the end of this week, said John S. Lehn, head of government affairs for the startup electric car company in Hanford. In an interview, […]
But not for much longer. Under federal rules, the full tax credit is available only on the first 200,000 cars that a manufacturer sells in the United States; two quarters later, the credit is reduced. Tesla reached that threshold in July. As a result, the credit available to Tesla buyers will fall to $3,750 for […]
American manufacturing growth slowed sharply in December, adding to concerns about cooling economic expansions in the U.S. and abroad. The Institute for Supply Management said Thursday that its manufacturing index fell to 54.1 in December, the largest one-month drop since the end of 2008, during the financial crisis. Still, a reading above 50 indicates factory […]
The plug-in electric vehicle won praise from auto critics who heralded the car as an engineering marvel when it was introduced in 2010. The acclaim eased some of the pain from GM’s bankruptcy at the time and showed that Detroit could still develop an enviable vehicle. The Volt, though, was also a big money loser […]
Apple Inc. said it plans to invest $1 billion building a new corporate campus in Austin, Texas, promising to create as many as 15,000 jobs, as it and a handful of other tech giants expand their footprint well beyond the West Coast. The Cupertino, Calif.-based iPhone maker said it would also establish new offices in […]