Many within the trash industry think so. But incineration and other “waste-to-energy” projects may pose dangers to the environment. WHAT IS TO be done with the swelling flood of plastic waste, if we don’t want to see it snagged in tree branches, floating in ocean gyres, or clogging the stomachs of seabirds and whales? Plastic […]

Tesla is walking back plans to close most of its showrooms worldwide and announced price hikes for most of its electric vehicles. Tesla announced last month that it would shutter most of its stores to cut costs so it could sell its lower-priced Model 3 for $35,000. The company continues its shift to toward online-only […]

Tesla CEO Elon Musk has announced the early conclusion of the Tesla referral program citing the bloated cost as an unsustainable expense that is “adding too much” to the price of the carmaker’s vehicles. Initially scheduled to end on March 11, the end date has now been brought forward to February 1 as the electric […]

Tesla stock is seeing near 4% gains so far on the New York Stock Exchange (NYSE) as the US stock markets recover from two days in the red. Automotive companies are feeling the pinch of economic tightening and lowering demand for conventional, fuel-hungry, vehicles. The big car makers are ramping up their electric car developments, […]

Tesla shares have fallen after the electric carmaker revealed that it missed expectations for deliveries and will be cutting its vehicle prices by $2,000 in the US. The price cut, which will apply to Model S, Model X and Model 3 cars, is in response to a reduction in green tax credits. Tesla said it […]

Tesla has appointed Oracle co-founder Larry Ellison and Walgreens Boots Alliance executive Kathleen Wilson-Thompson to its board. The move further strengthens the board as pledged by founder Elon Musk to the Securities and Exchanges Commission. The SEC fined Mr Musk over misleading tweets that he had funding to take Tesla private. Investors greeted the news by […]

Tesla Inc (TSLA.O) has ended weeks of speculation by promoting one of the electric carmaker’s independent directors, Australian accountant Robyn Denholm, to replace Elon Musk as chairman. The change in structure at the Silicon Valley firm, agreed to by Musk in a September court settlement with regulators, is supported by many on Wall Street who […]

“These funds are important to the Saudi people in ensuring their economy diversifies and is no longer dependent on oil,” said Son. Masayoshi Son, the billionaire founder and chief executive officer of Japan’s SoftBank, said Monday he is not turning his back on investments with Saudi Arabia, despite the murder of Washington Post journalist Jamal […]

Battery-electric car company Faraday Future appears to be teetering on the brink of insolvency, according to one of its co-founders, who tendered his resignation Tuesday. Nick Sampson’s departure came barely a week after an unspecified number of Faraday employees were laid off, with a second mass “furlough” in the works at the beginning of November. […]

SAN FRANCISCO – When Tesla Inc posts third-quarter results on Wednesday, Chief Executive Elon Musk may show off a long-promised quarterly profit, as production of his Model 3 electric sedan takes off. But the real question is whether any such gains will be sustainable. Since May, Musk has promised that the company will post quarterly […]