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News on Medial
After layoffs, Tesla’s supercharger expansion slows
Livemint
·
10m ago
Medial
The expansion of Tesla's Supercharger network has slowed down in recent months, following workforce reductions in April that affected the installation team. The number of new Supercharger ports opened in May through August decreased by 28% compared to the same period last year. Tesla has received government funding to install new chargers in various states, but still faces challenges in expanding the network for non-Tesla vehicles. However, the company has recently rehired some employees and is committed to building more Superchargers. The growth of the Supercharger network is crucial as millions of new electric vehicle drivers enter the market.
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Tesla’s India entry on ice: Musk yet to firm up plans for India
Livemint
·
1y ago
Medial
Despite the Indian government's efforts to attract Tesla with a new electric vehicle policy, the automaker has shown no immediate interest in entering the Indian market. Tesla has not conducted in-depth discussions with state governments or suppliers in India. Additionally, the company has not made efforts to establish its Supercharger infrastructure in the country. Tesla's cautious approach stands in contrast to other automakers like VinFast, which have already entered the Indian market. Tesla's plans for India remain uncertain, with CEO Elon Musk focusing on other priorities and the company prioritizing its existing production lines.
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Tesla’s Charging Network is Now Open to Other EVs and Ford Is First In Line
Wired
·
1y ago
Medial
Ford is allowing its electric vehicle (EV) owners to access Tesla's Supercharger network through free adapters until July. The move comes as a solution to the dissatisfaction EV drivers face with the availability of public charging stations. By adopting Tesla's North American Charging Standard plug, Ford is providing its drivers with access to 15,000 new chargers, expanding the total number of chargers to 126,000 across the US and Canada. This move is expected to improve customer satisfaction with public charging availability. However, access to older Tesla charging stations and select newer ones will still be exclusive to Tesla drivers.
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Tesla’s Controversial Factory Expansion Is Approved
Wired
·
1y ago
Medial
The local council in Grünheide, Germany, has approved Tesla's plans to expand its Gigafactory near Berlin. The majority of council representatives voted in favor of the expansion, which will allow Tesla to build additional space for logistics. However, the company still needs to secure approval from local environment authorities. Environmental groups and local residents have been protesting against the expansion, citing concerns about water pollution and the environmental impact of mining minerals for electric car batteries. Despite the council approval, protests and legal challenges are expected to continue.
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Ford is offering EV owners free Tesla Supercharger adapters until July
The Verge
·
1y ago
Medial
Ford is now allowing owners of its electric vehicles (EVs) to reserve an adapter that enables them to charge at Tesla's Supercharger network. The adapter, which retails for $230, will be offered to Ford EV customers for free until July 1st. After that, customers will need to pay for the adapter. However, supply is expected to be limited in the early stages of availability. Tesla's Supercharger network is widely recognized as superior, and Ford customers will have access to the majority of the network using the adapter. The adapters are a short-term solution to the challenge of EV charging availability and reliability.
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LinkedIn lays off over 500 workers as hiring activity slows
Economic Times
·
1y ago
Medial
Microsoft-owned LinkedIn has announced a second round of job cuts, resulting in over 500 layoffs, including engineers. The social media network is facing a hiring slowdown, prompting this move. This adds to the extensive job losses witnessed in the technology sector this year, as businesses grapple with an uncertain economic outlook. The 500 job cuts account for 2.5% of LinkedIn's 20,000-strong workforce.
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Elon Musk tries to make himself indispensable at Tesla ahead of pay vote
Livemint
·
1y ago
Medial
Tesla CEO Elon Musk is pushing for changes that prioritize robotics and driverless cars, making the CEO role at the automaker even more crucial. Musk envisions a future where Tesla is a different company, offering robotaxis and cloud services. He has increased spending on AI development and plans to spend $10 billion this year on training and inference AI. Musk has also made sweeping layoffs and slowed the build-out of Tesla's Supercharger network. Despite concerns from investors, Musk believes Tesla's future lies in high-margin AI businesses rather than competing in the mainstream EV market.
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Five takeaways from Tesla’s robotaxi show
Livemint
·
10m ago
Medial
- Tesla unveiled its new fully autonomous cars, the Cybercab and Robovan, which will be used for ride-sharing and compete with Waymo, Cruise, Uber, and Lyft. - The Cybercab will be priced under $30,000, making it more affordable than similar vehicles on the market. - Tesla plans to deploy a "fully autonomous" version of its driver-assistance system, Full Self Driving, in Texas and California next year, with further expansion based on regulatory approval. - Elon Musk envisions a future where self-driving cars not only transport people but also perform various other tasks, leading to an "age of abundance." - Few new details were provided regarding Tesla's business model for driverless taxis, leaving questions about revenue projections and regulatory challenges unanswered.
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Watch: Why Tesla’s big layoffs happened, and what comes next
TechCrunch
·
1y ago
Medial
Tesla experienced layoffs and executive departures, leading to a decline in its share price. The company cut around 10% of its workforce, affecting approximately 14,000 employees. Furthermore, two prominent executives also resigned. This news caused Tesla's stock value to decrease by 35% this year. Tesla has faced challenges such as missing delivery estimates, reducing hours for Cybertruck production, and facing competition in the Chinese market. With the global auto market being competitive, Tesla's high valuation is based on investors' expectations of its growth in the electric vehicle and energy sectors. However, recent events may indicate a shift towards a more traditional company trajectory for Tesla.
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Startups strike early-stage deals but overall activity slows
VCCircle
·
1y ago
Medial
Despite a slowdown in overall activity due to Ramadan, early-stage funding deals remained active in the Middle East and North Africa region. Saudi foodtech startup Barakah secured funding from German venture capital firm FoodLabs to expand within Saudi Arabia and the Gulf Cooperation Council bloc. Egyptian healthtech platform Pharmacy Marts raised bridge funding, while UAE-based AI startup ClusterLab and Bahraini fintech platform Receiptable secured pre-seed funding. These deals will fuel growth and expansion for these startups in their respective markets.
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This Is Why Tesla’s Robotaxi Launch Needed Human Babysitters
Wired
·
1m ago
Medial
Tesla's launch of its robotaxi service in Austin, Texas, required human "babysitters" to ensure safety, marking a cautious step rather than a full autonomous rollout. While the initial operation was smooth with no crashes, the service relies on safety monitors and hasn't reached the unsupervised level initially promised by CEO Elon Musk. The use of camera-only technology is debated, with experts skeptical about its sufficiency for fully autonomous driving. Tesla's expansion pace may indicate future developments.
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