Browsing: Tesla

Naspers affiliate Tencent buys 5% of Tesla

Tesla has won a vote of confidence from Chinese Internet giant Tencent Holdings, whose purchase of a 5% stake boosts Elon Musk’s ambitions to get his mass-market Model 3 electric sedan to buyers this year. Tencent paid about US$1,8bn

Musk needs $1bn more for Tesla Model 3

Elon Musk needs to raise at least US$1,1bn more to bring his more affordable Model 3 to market. His believers, along with investors who buy into the vision of Tesla, could hardly be happier. After burning through cash in late 2016 and warning

SpaceX to fly two people around the moon

Elon Musk’s SpaceX plans to send two private citizens on a trip around the moon late next year as it continues to work with Nasa for a planned crewed mission to the International Space Station. The passengers

Google parent sues Uber, alleging IP theft

It took Alphabet’s Waymo seven years to design and build a laser-scanning system to guide its self-driving cars. Uber Technologies allegedly did it in nine months. Waymo claims in a lawsuit filed on Thursday that was possible

120 companies challenge Trump on immigration

More than 120 companies, from Apple to Zynga, filed an impassioned legal brief condemning US President Donald Trump’s executive order on immigration, stepping up the industry’s growing opposition to the policy. The amicus brief was filed late

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