Tesla has hired a new general counsel, a position that has been historically superhard to fill for the automaker. Tesla is often described as having high turnover, which has been especially true for its top lawyers. Elon Musk surprised many when he hired his personal divorce lawyer, Todd Maron, to be Tesla’s general counsel (he
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The once-promising strategic partnership between Ford and Rivian is “nearly complete” after a new SEC filing shows Ford trimmed its stake to just 10.5 million shares in 2022. Ford trims Rivian stake to a mere 1.15% ownership The partnership began in 2019 after Ford invested $500 million in Rivian, marking a key milestone in the
In this article MSFT GOOGL Follow your favorite stocksCREATE FREE ACCOUNT Sundar Pichai, CEO of Google Anindito Mukherjee | Bloomberg | Getty Images Google employees are criticizing leadership, most notably CEO Sundar Pichai, for the way the company handled the announcement this week of its ChatGPT competitor called Bard. Staffers took to the popular internal
Hugging a cow on Valentine’s Day is no longer being encouraged by the Indian government – despite it previously asking people to do so to promote Hindu values. The Animal Welfare Board of India (AWBI) retracted its “Cow Hug Day” appeal after it attracted criticism from political rivals and social media users. The Indian government
Ram officially announced the Ram 1500 REV, its first all-electric pickup truck, today, and the company claims that it is starting a revolution despite being late to electrification. We already knew that Ram 1500 REV would be the name of the brand’s first electric pickup thanks to a trademark filing last year, but now the
Redwood Materials just got a $2 billion conditional loan from the US Department of Energy to expand its factory near Reno, Nevada, where it will manufacture EV batteries from an increasing amount of recycled content. In a US first, Redwood will produce 100 GWh annually of ultra-thin battery-grade copper foil and cathode-active materials from both
Tesla is slightly raising the price of the base Model Y in China after an important price cut last month resulted in a significant increase in orders. Last month, we reported on Tesla slashing prices in China, which raised demand concerns for the automaker in the important EV market. The price drops on some Model 3
A work-over rig performs maintenance on an oil well in the Permian Basin oil production area near Wink, Texas August 22, 2018. Nick Oxford | Reuters Russia will cut oil output by 500,000 barrels per day in March, Deputy Prime Minister Alexander Novak said on Friday, following Western bans on Moscow’s crude and oil products
In this article LYFT Follow your favorite stocksCREATE FREE ACCOUNT The Lyft logo is shown on the screen at the Nasdaq offices in Times Square on March 29, 2019 in New York. Don Emmert | AFP | Getty Images Shares of Lyft fell more than 35% when markets opened on Friday, a day after the
A dog breeder was shot and killed on Monday night after a planned sale of a French bulldog went wrong, police have said. Lonnie A Ray, 76, organised to sell the dog in Bishopville, South Carolina. Authorities described Mr Ray as “probably the best breeder” in the area. Mr Ray had planned to meet the
In this article 9618-HK Follow your favorite stocksCREATE FREE ACCOUNT JD.com has become the latest Chinese tech giant to announced plans for a ChatGPT-style product, joining the hype around the chatbot technology. Qilai Shen | Bloomberg | Getty Images JD.com, one of China’s largest e-commerce players, said on Friday it plans to launch a ChatGPT-style
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT SMIC’s 14nm chip yield has reached industry production level. Future Publishing | Getty Images China’s biggest chipmaker SMIC posted record revenue in 2022, despite ongoing U.S. sanctions, but warned of a more difficult year ahead given a slump in the semiconductor industry. SMIC said on
Energy suppliers have agreed to end the forced installation of prepayment meters in vulnerable customers’ homes, the government has said. The move comes as an investigation revealed debt collectors working for British Gas forced their way into the homes of vulnerable customers. An undercover investigation by The Times claimed a company used by British Gas
Feb 9, 2023 Oklahoma and Texas have agreed in principle to pay the Big 12 a total of $100 million to join the SEC in 2024, a year earlier than they had originally intended, the conference announced Thursday night. The agreement is subject to the final approval from the Oklahoma and Texas governing boards. While
A new Tesla Cybertruck beta prototype has been spotted and this time we get a good look at the front-end, which appears to have been updated, and it still has a monstrous windshield wiper. As we reported last week, we expected to start seeing a lot more Cybertruck sightings as the automaker is testing its
An exclusive Sky News/Ipsos poll has found that young people are feeling increasingly lonely – with the cost of living crisis leading many to take on extra work, move in with their parents and cut back on socialising. The poll, conducted in December, found 37% of 18 to 24-year-olds felt lonelier this winter than they
In this article LYFT Follow your favorite stocksCREATE FREE ACCOUNT Air travelers walk toward a Lyft pickup area at Los Angeles International Airport (LAX) on August 20, 2020 in Los Angeles, California. Mario Tama | Getty Images Lyft shares fell more than 30% during after-hours trading after issuing weak guidance in its earnings report on
Dan Schulman, CEO of Paypal, attends the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, July 10, 2019. Gerard Miller | CNBC PayPal said on Thursday that CEO Dan Schulman will retire and leave the online payments company at the end of 2023. Schulman, who became PayPal CEO after the split
In this article COIN Follow your favorite stocksCREATE FREE ACCOUNT Brian Armstrong, co-founder and chief executive officer of Coinbase Inc., speaks during the Singapore Fintech Festival, in Singapore, on Friday, Nov. 4, 2022. Bryan van der Beek | Bloomberg | Getty Images Coinbase shares closed down more than 14% Thursday, after CEO Brian Armstrong voiced
Labour have held on to their seat in West Lancashire after a by-election victory which saw Ashley Dalton become the country’s newest MP. Ms Dalton secured a majority of 8,321 over Conservative candidate Mike Prendergast, with a 10.52% swing from the Tories to Labour. In her victory speech, she said the people of her constituency