
The company confirmed it plans to produce high volumes of semi-trucks and make enough cell batteries for 2 million light-duty vehicles annually in Nevada.
Nevada Gov. Joe Lombardo posted a photo on Twitter of himself and CEO Elon Musk late Tuesday after the newly elected Republican announced in his first State of the State address Monday night that Tesla had committed to a “brand-new” manufacturing facility for electric trucks in northern Nevada
The project actually will expand an existing operation at the Truckee Reno Industrial Center, about 20 miles (32 kilometers) east of RenoSparks along Interstate 80. But the plan takes the company a step closer to accomplishing previously announced plans to ramp up Tesla Semi production to make 50,000 trucks in North America in 2024.
The White House issued a statement trumpeting the plans on Tuesday as Musk wrapped up three hours of testimony defending himself in a class-action lawsuit in a San Francisco federal court over his operation of Twitter, one of three major corporations he owns including Tesla and SpaceX.
Musk's impulsive and sometimes inflammatory usage of Twitter took center stage as proceedings continued Wednesday in the lawsuit alleging he misled Tesla shareholders in 2018 with a tweet about an aborted buyout.
This story is from the January 28, 2023 edition of Techlife News.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 8,000+ magazines and newspapers.
Already a subscriber? Sign in
This story is from the January 28, 2023 edition of Techlife News.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 8,000+ magazines and newspapers.
Already a subscriber? Sign in

FORD SAYS EV UNIT LOSING BILLIONS, SHOULD BE SEEN AS STARTUP
Ford Motor Co.’s electric vehicle business has lost $3 billion before taxes during the past two years and will lose a similar amount this year as the company invests heavily in the new technology.

CREDIT SUISSE DEAL AVERTED CRISIS, SWISS CENTRAL BANK SAYS
The Swiss central bank hiked its key interest rate Thursday and declared that a government-orchestrated takeover of troubled Credit Suisse by rival bank UBS ended the financial turmoil.

3D-PRINTED ROCKET FAILS JUST AFTER LAUNCH
A rocket made almost entirely of 3D-printed parts made its launch debut Wednesday night, lifting off amid fanfare but failing three minutes into flight — far short of orbit.

WHAT TO KNOW ABOUT NEW RESEARCH ON COFFEE AND HEART RISKS
Coffee lovers — and their doctors — have long wondered whether a jolt of java can affect the heart. New research published Wednesday finds that drinking caffeinated coffee did not significantly affect one kind of heart hiccup that can feel like a skipped beat.

A 2nd Wave of Layoffs at Meta; 10,000 Jobs Are Cut
Facebook parent Meta is slashing 10,000 jobs, about as many as the social media company announced late last year in its first round of cuts, as uncertainly about the global economy hits the technology sector particularly hard.

DON'T LEAVE GLOBAL SOUTH OUT OF GREEN TECH GROWTH, UN WARNS
The majority of developing nations are set to miss out on the economic benefits of booming green technologies, slowing progress toward their climate goals and widening the inequality gap between rich and poor countries, a United Nations report warned Thursday.

EU MOVES ON CLEAN TECHNOLOGY: SUBSIDIES UP, FREE MARKET DOWN
The European Union presented plans to fundamentally revamp its policies on promoting green technologies and dealing with critical raw materials, imposing limits on imports from countries like China while unleashing subsidies and other financial incentives to ramp up home production.

VIRGIN ORBIT PAUSING ALL WORK, REPORTEDLY FURLOUGHS STAFF
Virgin Orbit said Thursday it is pausing all operations amid reports that the company is furloughing almost all its staff as part of a bid to seek a funding lifeline.

BAIDU UNVEILS CHATGPT-RIVAL ERNIE BOT; 650 COMPANIES SIGN UP
Chinese search giant Baidu unveiled its artificial intelligence chatbot Ernie Bot, presenting its rival to the Microsoft-backed ChatGPT in a prerecorded video presentation Thursday that appeared to disappoint investors.

Why TikTok is Being Banned on Gov't Phones in US and Beyond
The United States is ratcheting up national security concerns about TikTok, mandating that all federal employees delete the Chinese-owned social media app from government-issued mobile phones. Other Western governments are pursuing similar bans, citing espionage fears.

TESLA - Master Plan
Elon Musk driving the planet toward renewable energy

TESLA PRICE CUTS: FLAGGING DEMAND OR TACTIC TO BOOST SALES?
In explaining why Tesla Inc. keeps cutting prices on its electric vehicles, the auto industry is pretty much divided into two camps.

TESLA MODEL 3 NOW $5K LESS THAN US AVERAGE NEW CAR
It’s never been this cheap to buy a Tesla.

WHITE HOUSE: TESLA TO MAKE SOME EV CHARGERS AVAILABLE TO ALL
Electric car giant Tesla will, for the first time, make some of its charging stations available to all U.S. electric vehicles by the end of next year, under a new plan announced by the White House.

TESLA HIKES PRICE OF MODEL Y AFTER US ALTERS TAX CREDIT RULE
Tesla has raised prices on its Model Y in the U.S., apparently due to rising demand and changes in U.S. government rules that make more versions of the small SUV eligible for tax credits.

JUSTICE DEPARTMENT SEEKS TESLA AUTOMATED DRIVING DOCUMENTS
The U.S. Justice Department has requested documents from Tesla related to its Autopilot and “Full Self-Driving” features, according to a regulatory filing.

AFTER TESLA PRICE CUT, FORD FOLLOWS SUIT WITH MUSTANG MACH-E
Ford is cutting prices on its Mustang Mach-E electric SUV by as much as $6,000 just weeks after market leader Tesla took similar steps.

ELON MUSK: TWEETS ABOUT TAKING TESLA PRIVATE WEREN'T FRAUD
Elon Musk returned to federal court Monday in San Francisco, testifying that he believed he had locked up financial backing to take Tesla private during 2018 meetings with representatives from Saudi Arabia’s Public Investment Fund — although no specific funding amount or price was discussed.

Trolling While on Autopilot
Amid falling demand and sudden price cuts, Elon Musk seems determined to take a blowtorch to his car company’s brand

ELON MUSK'S NEXT DRAMA: A TRIAL OVER HIS TWEETS ABOUT TESLA
While still grappling with the fallout from a company he did take private, beleaguered billionaire Elon Musk is now facing a trial over a company he didn’t.