Musk says he made some Tesla decisions without board approval, defends $55 billion pay plan
Musk admitted that he vacationed with board members and sometimes tweeted about the company without clearing the messages with a Tesla lawyer as required by a 2018 settlement with the SEC......»»
The Mars Sample Return mission has a shaky future, and NASA is calling on private companies for backup
A critical NASA mission in the search for life beyond Earth, Mars Sample Return, is in trouble. Its budget has ballooned from US$5 billion to over $11 billion, and the sample return date may slip from the end of this decade to 2040......»»
Toyota invests $1.4 billion in Indiana plant for large EV
The investment will add 340 jobs and a new battery pack assembly line, but details signal that either the Toyota Sienna or Toyota Highlander will become a full EV in 2026......»»
VinFast founder commits $1 billion as EV maker bleeds cash
Vietnamese billionaire Pham Nhat Vuong pledged to invest at least another $1 billion of his personal wealth into VinFast Auto Ltd., providing the capital needed for expansion of the struggling electric vehicle maker......»»
Asbury Q1 net income slips 19%; $4.2 billion in revenue sets record
Asbury Automotive Group produced $147.1 million in net income during the first quarter, down 19 percent from a year earlier as falling profit margins offset rising vehicle sales and revenue......»»
IBM acquires HashiCorp in multi-billion dollar deal to boost cloud reach
HashiCorp agrees to $6.4 billion takeover deal by IBM as the companies look to take on more of the market......»»
Verizon upgrades Home Device Protect to cover almost all devices, 2nd residences, more
Verizon is out with an update for its Home Device Protect plan that repairs or replaces an unlimited number of devices from computers, game consoles, smart home devices, TVs, and now robot vacuums, healthcare devices, and more. The service also now c.....»»
IBM to buy HashiCorp in $6.4 billion cash deal, expanding cloud portfolio
IBM and HashiCorp have entered into a definitive agreement under which IBM will acquire HashiCorp for $35 per share in cash, representing an enterprise value of $6.4 billion. HashiCorp’s suite of products provides enterprises with extensive Inf.....»»
Sugar in baby food: Why Nestlé needs to be held to account in Africa
Nestlé has been criticized for adding sugar and honey to infant milk and cereal products sold in many poorer countries. The Swiss food giant controls 20% of the baby-food market, valued at nearly US$70 billion......»»
Spotify not adopting new App Store terms in the EU, submits app update with pricing info instead
Apple was hit with a $2 billion fine in the European Union last month for “abusive” App Store rules for music streaming services. In addition to the fine, the European Commission also said Apple must relax its anti-steering rules. As reported.....»»
Ford Q1 net income falls 24% to $1.3 billion; revenue rises despite lower production
Ford cited a strong performance from its commercial vehicle unit, which earned $3 billion before interest and taxes, as the reason revenue increased while shipments declined.....»»
Narcissistic CEOs appoint other narcissists to the management board, study finds
Birds of a feather flock together, as the popular saying goes. It seems that this also applies to narcissistic managers, as a research team led by Professor Lorenz Graf-Vlachy from TU Dortmund University has discovered. Narcissistic CEOs are inclined.....»»
Mantle heat may have boosted Earth"s crust 3 billion years ago
Little is known about the nature and evolution of Earth's continental crust before a few billion years ago because cratons, or stable swaths of the lithosphere more than 2–3 billion years old, are relatively rare......»»
How NASA Repaired Voyager 1 From 15 Billion Miles Away
The far-traveled space probe is once again transmitting usable data, after a glitch caused months of gibberish......»»
Plan to kill Catalina Island deer using sharpshooters in copters is opposed by LA County
A plan to kill all the mule deer on Catalina Island using aerial sharpshooters from helicopters was strongly opposed by the Los Angeles County Board of Supervisors on April 23......»»
Updating California’s grid for EVs may cost up to $20 billion
Charging electric vehicles at home will exceed most power lines' capacity. Enlarge (credit: boonchai wedmakawand) California's electric grid, with its massive solar production and booming battery installations, is alread.....»»
Vast DNA tree of life for plants revealed by global science team using 1.8 billion letters of genetic code
A new paper published today (April 24) in the journal Nature by an international team of 279 scientists led by the Royal Botanic Gardens, Kew presents the most up-to-date understanding of the flowering plant tree of life......»»
Tesla profits drop 55% as Elon Musk dodges cheap car questions
Tesla spent $1 billion on GPUs even as its profit margins shrank by half. Enlarge / Tesla shares rose by almost 11 percent in premarket trading despite the disastrous financial results. (credit: CFOTO/Future Publishing via Getty.....»»
Tesla’s Model 3 Performance Makes its Debut
The new EV is priced starting at $52,990 and is available for pre-orders. The post Tesla’s Model 3 Performance Makes its Debut appeared first on Phandroid. EV manufacturer Tesla has just announced the launch of a new addition to its.....»»
Tesla to begin production on new, more affordable models
As Tesla shared its figures for the first quarter on Tuesday, the automaker also previewed the app that it wants to use for its planned robotaxi service......»»
Tesla says it will accelerate new products after Q1 net income drops 55% to $1.1B
"These new vehicles, including more affordable models, will utilize aspects of the next generation platform as well as aspects of our current platforms," Tesla said in its first-quarter report......»»