Shares of Tesla ended down 3.1% on Monday, tapping the brakes on a rally that has boosted the electric car maker’s stock by over 40% in two weeks.
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Tesla is “very close” to achieving level-5 autonomous driving technology, CEO Elon Musk said on Thursday, referring to the capability to navigate roads without any driver input.
Fuel retail giant Engen has launched a payment app for smartphones that does away with the need to use a point-of-sale terminal on its forecourts, thereby reducing the chances of contracting Covid-19.
After surpassing Toyota as the world’s most valuable automaker, Tesla has taken time out to poke fun at the company’s naysayers – with sales of red satin shorts.
Tesla outpaced analyst estimates for second-quarter vehicle deliveries on Thursday, defying a trend of plummeting sales in the wider auto industry and sending its shares up 8%.
Tesla on Wednesday became the highest-valued car maker as its shares surged to new record highs and the electric vehicle maker’s market capitalisation overtook that of former front runner Toyota.
Tesla has grown from Silicon Valley gadfly to the world’s second largest automaker by market capitalisation in the decade since its initial public offering. It’s been a roller-coaster ride.
Amazon.com has agreed to pay over $1-billion to buy self-driving start-up Zoox, according to a report. It would would expand its reach in autonomous vehicle technology.
Government plans to retain a minority shareholding in South African Airways while ceding management control to its investors, an official said.
Two unions on Friday rejected job cuts proposed to rescue South African Airways, which has cost the government more than R17-billion to stave off bankruptcy and will cost it about half that again to reform.