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Gigafactory

All articles tagged with #gigafactory

business1 year ago

Top Stocks Poised for Growth by 2025: Tesla, Nvidia, and More

Bank of America Securities has raised its price target for Tesla to $400, citing confidence in the company's growth prospects following a visit to its Austin gigafactory. Analysts believe Tesla is well-positioned for growth in 2025 and beyond, driven by its core electric vehicle business, the upcoming robotaxi service, and investments in AI technologies like Optimus. The shift towards software-driven margins, including full self-driving and premium connectivity, is expected to enhance profitability.

via Yahoo Finance|
#ai#bofa#business
business1 year ago

"Elon Musk Lures Investors with Factory Tour Amid Pay Vote"

Tesla is offering shareholders a chance to tour its Texas Gigafactory with Elon Musk and Cybertruck designer Franz von Holzhausen if they vote on Musk's pay package. Investors must prove they held Tesla stock as of April 15 and voted on the proposals for the upcoming annual meeting. The company is pushing for votes on several proposals, including reinstating Musk's $55 billion pay package, which was previously voided. Some investors and advisory firms have criticized the pay plan as excessive.

via Business Insider|
#business#elon-musk#gigafactory
business1 year ago

"Tesla Announces Global Workforce Layoffs Exceeding 10%"

Tesla has announced layoffs of "more than 10%" of its global workforce in an internal company-wide email, affecting at least 14,000 employees. CEO Elon Musk cited the need for cost reductions and increased productivity as the company prepares for its next phase of growth. The news follows a bad quarterly delivery report and reports of some employees being locked out of system access. The layoffs come at a time when many other companies in the tech industry are laying off staff, and concerns are raised about the impact on employee morale and the company's ability to continue pushing forward in the automotive and energy sectors.

via Electrek|
#business#elon-musk#employee-morale
business1 year ago

"Rumors Swirl as Tesla (TSLA) Plans Massive Layoffs"

Rumors are circulating about a significant round of layoffs at Tesla, with some employees speculating that up to 20% of the workforce could be affected. This comes after a challenging quarter for the company, marked by reduced deliveries and production capacity. While Tesla has previously attributed layoffs to hiring inefficiencies and underperformance, the current situation feels different given the recent performance and slower headcount growth. The rumors are causing stress and job insecurity among employees, with the company also making adjustments to production shifts at its Gigafactory Texas.

via Electrek.co|
#business#elon-musk#gigafactory
businesstechnology1 year ago

"US Government Grants $75M to Norwegian Hydrogen Company for Michigan Gigafactory"

Norwegian company Nel Hydrogen secures $75 million in funding from the U.S. Department of Energy and the state of Michigan to support its $400 million hydrogen gigafactory in southeast Michigan, marking a significant step towards clean energy public transportation and the transition to hydrogen fuel cell powered buses in Flint.

via MLive.com|
#businesstechnology#clean-energy#gigafactory
businesstechnology1 year ago

"Musk Tours Restored Berlin Gigafactory After Arson Attack"

Elon Musk is set to visit Tesla's gigafactory in Germany following an arson attack on a nearby power pylon that left the factory without electricity and halted production. Power has been restored to the factory after an outage that started on March 5. Musk will meet with local officials during his visit, and activists from the far-left Vulkangruppe claimed responsibility for the attack on the pylon near Gruenheide.

via Reuters|
#arson-attack#businesstechnology#elon-musk
business1 year ago

"Sabotage and Damage: Tesla's Struggles with Production Disruptions"

Power has been restored at the Tesla Gigafactory near Berlin after a week-long outage caused by arson, with a far-left activist group claiming responsibility for the attack. The factory's chief announced the restoration of power and stated that production would gradually resume. The outage disrupted Tesla's production goal and is expected to cost hundreds of millions of euros in damages. The activist group, Vulkangruppe, took credit for the arson in a letter attacking Tesla and CEO Elon Musk, prompting Musk to criticize the attack as "extremely dumb" and question the environmental goals of the perpetrators.

via Fox Business|
#activist-sabotage#arson#business
business1 year ago

"Tesla Stock Plummets as China Gigafactory Deliveries Slow Down and EV Makers Face Sales Challenges"

Tesla's stock dropped over 7% after data from the China Passenger Car Association revealed that deliveries from its Shanghai Gigafactory hit a more than year-long low due to the Chinese Lunar New Year celebrations and increased domestic competition. The automaker delivered 60,365 vehicles from its China factory in February, marking a 19% year-on-year decrease. Tesla is using price incentives to boost sales, but faces competition from Chinese manufacturers like Xpeng and BYD, leading to a 25% drop in its stock value since the beginning of the year.

via Investopedia|
#business#china#competition
technology1 year ago

"Tesla's $500M Dojo Supercomputer Set to Revolutionize New York's Tech Landscape"

Tesla plans to invest over $500 million to build a Dojo supercomputer at its New York Gigafactory, as announced by New York Governor Kathy Hochul. The project will also include a separate AI supercomputer at the State University of New York. Tesla CEO Elon Musk confirmed the plans, stating that the investment would account for a smaller Nvidia system, and emphasized the need for significant funding to be competitive in AI. The Dojo supercomputer is expected to process sensor data for training AI on real-world driving footage and has various potential applications beyond Tesla's Full Self-Driving systems.

via TESLARATI|
#ai#gigafactory#new-york
business2 years ago

Tesla Boosts Pay for Nevada Gigafactory Workers, Deters Unionization

Tesla plans to raise the pay of hourly workers at its battery factory in Nevada by around 10% starting in January 2024, in an effort to potentially deter workers from forming a union. The pay increases range from $2 to $8.30 per hour, with some workers seeing their hourly rate increase from $20 to $22 on the low end and from $30.65 to $34.50 on the high end. The move comes as Tesla faces competition for talent and ongoing labor strikes in various countries.

via CNBC|
#business#gigafactory#labor-strikes
electric-vehicles2 years ago

Nissan's Major EV Investments Bolster UK's Car Industry

Nissan has officially confirmed plans to introduce three new electric vehicles (EVs) - an EV version of the Qashqai, an EV version of the Juke, and a replacement for the Nissan Leaf. These EVs will be produced at Nissan's Sunderland plant in the UK. In addition, Nissan will be adding another gigafactory at Sunderland to support the production of these EVs. The company aims to have a 100% electric portfolio for sale in Europe by 2030.

via Electrek|
#electric-vehicles#electrification#evs
technology2 years ago

"Tesla's Cybertruck Event: Mark Your Calendars!"

Tesla has announced that it will hold an event next week at its gigafactory in Austin, Texas, to showcase its highly anticipated Cybertruck. The event will provide investors and customers with more details on the electric vehicle's production and growth potential for the automaker. Tesla CEO Elon Musk has set ambitious targets, aiming for an annual production of 200,000 Cybertrucks, with the potential to increase that number to 250,000 by 2025. The Cybertruck, which features ultra-strong glass and a polymer-layered composite, is designed for superior strength and endurance, with a towing capacity of over 14,000 pounds and a range of up to 500 miles.

via Yahoo Finance|
#cybertruck#elon-musk#ev
technology2 years ago

"Tesla's Cybertruck Event: Mark Your Calendars!"

Tesla has announced that it will unveil its highly anticipated Cybertruck at its gigafactory in Austin, Texas next week. The event, which will be livestreamed to the public, marks an important milestone for CEO Elon Musk after multiple production delays and supply chain disruptions. Musk has set ambitious production targets for the Cybertruck, aiming for 200,000 units annually with the potential to increase to 250,000 by 2025. The initial cost of the Cybertruck is estimated to be around $50,000. The electric vehicle boasts features such as ultra-strong glass, a polymer-layered composite, and impressive acceleration and towing capabilities. Tesla shares have surged over 90% this year.

via Fox Business|
#cybertruck#elon-musk#ev
energy2 years ago

"Tesla's Giga Texas Solar Roof: World's Largest and Growing Economic Impact on Central Texas"

Tesla's Gigafactory in Austin, Texas is set to have the world's largest solar rooftop installation upon completion, with approximately 30 megawatts of power. Phase 1 of the solar array has been completed, and the roof will consist of around 70,000 solar panels across the 10 million square foot factory. The facility is also expanding to include electric vehicle battery production and cathode manufacturing.

via TESLARATI|
#energy#gigafactory#renewable-energy