Elon Musk says Tesla robotaxis will hit the market next year

Tesla CEO Elon Musk said that the company should have robotaxis on the roads in 2020. “I feel very confident predicting autonomous robotaxis for Tesla next year,” Musk said on stage at the Tesla Autonomy Investor Day in Palo Alto, California. All Tesla cars being produced today have the hardware on board that’s required for full self-driving, Musk said, promising that, “all you need to do is improve the software.” Musk also predicted that in two years, Tesla will be making cars with no steering


Tesla CEO Elon Musk said that the company should have robotaxis on the roads in 2020. “I feel very confident predicting autonomous robotaxis for Tesla next year,” Musk said on stage at the Tesla Autonomy Investor Day in Palo Alto, California. All Tesla cars being produced today have the hardware on board that’s required for full self-driving, Musk said, promising that, “all you need to do is improve the software.” Musk also predicted that in two years, Tesla will be making cars with no steering
Elon Musk says Tesla robotaxis will hit the market next year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: lora kolodny, robyn beck, pool
Keywords: news, cnbc, companies, hit, market, robotaxis, cars, chips, selfdriving, tops, tesla, musk, elon, drivers, autopilot, teslas


Elon Musk says Tesla robotaxis will hit the market next year

Tesla CEO Elon Musk said that the company should have robotaxis on the roads in 2020.

“I feel very confident predicting autonomous robotaxis for Tesla next year,” Musk said on stage at the Tesla Autonomy Investor Day in Palo Alto, California. They won’t be “in all jurisdictions, because we won’t have regulatory approval everywhere, but I am confident we will have at least regulatory approval somewhere, literally next year,” he said.

Musk based his optimism on the amount of data his company is able to gather from Tesla vehicles already on the road today, which it then uses to improve its software.

All Tesla cars being produced today have the hardware on board that’s required for full self-driving, Musk said, promising that, “all you need to do is improve the software.”

Musk also predicted that in two years, Tesla will be making cars with no steering wheels or pedals.

While the CEO repeated that Tesla will have over 1 million robotaxis on the road next year, and he expects to be “operating robotaxis next year with no one in them,” he did also warn investors, “Sometimes I am not on time, but I get it done.”

In the past, Elon Musk’s forecasts for Tesla have missed the mark. Tesla was two years late with the launch of the Model X, its first all-electric SUV. And it was two years late in delivering semi-autonomous features to eager drivers. When Tesla began to discuss its ambitions in self-driving technology in 2016, Musk said they would conduct a hands-free trip across the US by late 2017. They have yet to complete that mission.

Musk and a Tesla Director, Pete Bannon, who is a former Apple exec, showed off Tesla’s latest chips emphasizing how they were designed to process massive amounts of data quickly, without significantly heating up, or draining the vehicles’ batteries.

Bannon claimed the chips can potentially perform 7 times better than a competing product from Nvidia, in reference to its Xavier chips.

Nvidia said in a statement that Tesla misstated details about its Xavier chips, which offer 30 TOPS, a measure of processing power (not 21 TOPS as Tesla claimed). Nvidia also said Tesla’s full self-driving computers compare directly to its Drive AGX Pegasus. Tesla’s new tech can provide 144 TOPS of processing power, and the Pegasus provides 320 TOPS, Nvidia said.

New chips already in development at Tesla are likely to arrive in two years, Musk and Bannon said. The company is currently manufacturing its chips with Samsung in Austin, Texas they revealed.

Currently, Tesla offers Autopilot — an advanced driver assistance system — as a standard feature in its cars. According to the company’s website, Autopilot can automatically hold a car in its lane and accelerate or brake automatically, for example, in response to pedestrians or other cars in its way. Tesla can improve Autopilot with new features (or bug fixes) over time via over-the-air updates, as well.

In addition, Tesla sells a “Full Self-Driving,” or FSD, package for its vehicles for $5,000 or more if the software is installed after the vehicle is initially purchased.

FSD features today include “Summon,” which lets a driver call their Tesla to roll out from a parking spot to where they are standing (with no driver on board). And FSD lets drivers “Navigate on Autopilot,” automatically driving their car from a highway on-ramp to an off-ramp, making necessary lane changes along the way.

Later this year, Tesla’s website says, cars with FSD should be able to read and respond properly to traffic lights and stop signs, and drive automatically on city streets.

Even with FSD, Tesla’s cars are not considered “driverless,” meaning that they don’t meet the SAE Level 4 standard used to denote a car that could handle every aspect of driving in some conditions without any human intervention.

Tesla also cautions its drivers, “Current Autopilot features require active driver supervision and do not make the vehicle autonomous.” In other words, while tempting, drivers aren’t supposed to zone out, or drive hands-free even if they have Full Self-Driving.

Tesla and Musk have previously claimed that their cars are 40% safer than others when drivers have Autopilot engaged. A NHTSA study Tesla cited to support that claim has been debunked by independent researchers, Quality Control Systems. NHTSA has said it is reviewing QCS’ findings.

There have been at least three fatal accidents in the US involving Tesla drivers with Autopilot engaged dating back to the death of Joshua Brown in Florida in 2106.

Tesla shares barely budged during the “Autonomy Day” event, and ended down about 4% for the day.


Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: lora kolodny, robyn beck, pool
Keywords: news, cnbc, companies, hit, market, robotaxis, cars, chips, selfdriving, tops, tesla, musk, elon, drivers, autopilot, teslas


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Volkswagen plans to take on Tesla’s Model X in China

Volkswagen plans to build a fully electric sports utility vehicle (SUV) for China from 2021, taking on the Chinese market leader Tesla’s Model X as the German carmaker ramps up production of zero emissions vehicles. The planned new SUV is the latest move in Volkswagen’s aggressive growth strategy in China, where electric cars are given preferential treatment by authorities. VW Chief Executive Herbert Diess said the ID ROOMZ will be the flagship electric car to be launched by Volkswagen in China.


Volkswagen plans to build a fully electric sports utility vehicle (SUV) for China from 2021, taking on the Chinese market leader Tesla’s Model X as the German carmaker ramps up production of zero emissions vehicles. The planned new SUV is the latest move in Volkswagen’s aggressive growth strategy in China, where electric cars are given preferential treatment by authorities. VW Chief Executive Herbert Diess said the ID ROOMZ will be the flagship electric car to be launched by Volkswagen in China.
Volkswagen plans to take on Tesla’s Model X in China Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: picture alliance, getty images
Keywords: news, cnbc, companies, cars, car, production, teslas, china, id, suv, volkswagen, vw, plans, groups, electric, roomz, model


Volkswagen plans to take on Tesla's Model X in China

Volkswagen plans to build a fully electric sports utility vehicle (SUV) for China from 2021, taking on the Chinese market leader Tesla’s Model X as the German carmaker ramps up production of zero emissions vehicles.

The planned new SUV is the latest move in Volkswagen’s aggressive growth strategy in China, where electric cars are given preferential treatment by authorities.

VW said its ID ROOMZZ, which it presented in Shanghai on Sunday, will have three rows of seats and an operating range of up to 450 kms. The concept car is capable of a “level 4 autonomous driving”, VW said.

VW Chief Executive Herbert Diess said the ID ROOMZ will be the flagship electric car to be launched by Volkswagen in China.

“We plan to produce more than 22 million electric cars in the next 10 years,” Diess said, adding that around half of VW’s engineers were working on products destined for China.

Diess said the ID ROOMZ would eventually be rolled out to other markets.

To enhance the VW Group’s research and development capabilities, Volkswagen and its premium brand Audi will combine their R&D operations in China.

VW brand’s head of e-mobility Thomas Ulbrich said the carmaker will start ramping up production of 33 electric cars by mid-2023, using VW Group’s modular electric car (MEB) platform to build electric cars for the Skoda, Seat, Audi and VW brands.

Ulbrich said VW Group is converting 16 factories worldwide to enable mass production of electric vehicles, of which eight plants will be making VW branded car.


Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: picture alliance, getty images
Keywords: news, cnbc, companies, cars, car, production, teslas, china, id, suv, volkswagen, vw, plans, groups, electric, roomz, model


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Elon Musk: Self-driving Teslas are going to make their owners money by competing with Uber, Lyft

Elon Musk says Tesla vehicles one day make money for their owners by autonomously transporting people when their owners are not using them — like a driverless Uber or Lyft ride. All Tesla vehicles are built with the hardware capable of “full self-driving capabilities,” says the website. It will be both more practical and appealing to access autonomous vehicles when they are part of Lyft’s networked fleet.” “[W]e are absolutely committed to self-driving cars,” Uber CEO Dara Khosrowshahi told Sava


Elon Musk says Tesla vehicles one day make money for their owners by autonomously transporting people when their owners are not using them — like a driverless Uber or Lyft ride. All Tesla vehicles are built with the hardware capable of “full self-driving capabilities,” says the website. It will be both more practical and appealing to access autonomous vehicles when they are part of Lyft’s networked fleet.” “[W]e are absolutely committed to self-driving cars,” Uber CEO Dara Khosrowshahi told Sava
Elon Musk: Self-driving Teslas are going to make their owners money by competing with Uber, Lyft Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: catherine clifford, qilai shen, bloomberg, getty images
Keywords: news, cnbc, companies, elon, uber, owners, autonomous, software, going, ceo, lyft, car, vehicles, teslas, money, tesla, selfdriving, musk, competing


Elon Musk: Self-driving Teslas are going to make their owners money by competing with Uber, Lyft

Elon Musk says Tesla vehicles one day make money for their owners by autonomously transporting people when their owners are not using them — like a driverless Uber or Lyft ride.

Teslas already have the hardware they would need built in.

For example, there’s a small camera above the rear view mirror of Teslas meant to eventually give users a way to watch what happens inside their car when they are not in it.

It’s “there for when we start competing with Uber/Lyft & people allow their car to earn money for them as part of the Tesla shared autonomy fleet. In case someone messes up your car, you can check the video,” Musk Tweeted Thursday.

“It’s hard to wrap my head around a future where my car might be earning me money through autonomous driving while I’m asleep in my bed or play video games but here we are,” German professional e-sports player Marcel “Dexter” Feldkamp tweeted back.

That reality is “…just a matter of finishing the software & going through regulatory approval,” Musk tweeted.

And eventually, “Instead of someone needing to drive their car personally, they can manage a fleet of self-driving cars,” Musk says.

Currently, Tesla has autopilot function which includes following features: “match speed to traffic conditions, keep within a lane, automatically change lanes without requiring driver input, transition from one freeway to another, exit the freeway when your destination is near, self-park when near a parking spot and be summoned to and from your garage,” according to the Tesla website. However, the autopilot features require the driver to be actively supervising the car.

All Tesla vehicles are built with the hardware capable of “full self-driving capabilities,” says the website. The hardware, however, is not useful until it has been activated with appropriate software updates. And Tesla will not be able to activate such software until “billions of miles of experience” have proven the features to be safer than humans and regulatory approval has been received, according to the site.

When the self-driving software is fully deployed, Tesla claims users will be able to get in the car and tell it where you need to go.

“Your Tesla will figure out the optimal route, navigate urban streets (even without lane markings), manage complex intersections with traffic lights, stop signs and roundabouts, and handle densely packed freeways with cars moving at high speed. When you arrive at your destination, simply step out at the entrance and your car will enter park seek mode, automatically search for a spot and park itself. A tap on your phone summons it back to you,” Tesla says on its website.

Musk also mentioned the Uber-like business model during Tesla’s third-quarter earnings conference call in October: “Tesla will operate its own ride-hailing services and compete directly with Uber and Lyft, obviously,” he said, according to CNBC.

Lyft, which went public in March, is already actively involved in autonomous car technology.

In August, Lyft said it had completed more than 5,000 self-driving rides through its app. By January, that number had climbed north of 30,000. The autonomous driving system used for these first 5,000 rides was not built by Lyft, but by the auto-parts supplier Aptiv Plc with which it partnered, according to Reuters. In October, Lyft acquired the London-based augmented reality startup Blue Vision Labs to advance its self-driving ambitions, TechCrunch says.

When reached for comment, a spokesperson for Lyft pointed CNBC Make It to Lyft co-founder and President John Zimmer’s 2016 Medium post: “Elon is right that a network of vehicles is critical, but the transition to an autonomous future will not occur primarily through individually owned cars. It will be both more practical and appealing to access autonomous vehicles when they are part of Lyft’s networked fleet.”

Tesla and Uber did not immediately respond to CNBC Make It’s request for comment.

However, about a year ago, Uber’s CEO Dara Khosrowshahi confirmed the companies interest in self-driving technology. “[W]e are absolutely committed to self-driving cars,” Uber CEO Dara Khosrowshahi told Savannah Guthrie, co-host of NBC’s “The Today Show,” during an interview which aired in April 2018. “This is an important technology,” Khosrowshahi said.

See also:

Tesla ‘obviously’ plans to take on Uber and Lyft, says CEO Elon Musk

Uber’s CEO: ‘We are absolutely committed to self-driving cars’

This 23-year-old founded a company with self-driving car tech that’s giving Tesla some competition


Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: catherine clifford, qilai shen, bloomberg, getty images
Keywords: news, cnbc, companies, elon, uber, owners, autonomous, software, going, ceo, lyft, car, vehicles, teslas, money, tesla, selfdriving, musk, competing


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This engineer lived in an RV in Tesla’s parking lot — now he’s on a quest to build electric planes

Before he caught the start-up bug, Gore worked as an intern at two Elon Musk-led companies, SpaceX and Tesla. He was offered an internship at the electric vehicle maker in 2014, and and later became a full-time battery engineer there. Rather than dropping out of college like Bill Gates or Mark Zuckerberg, Gore decided to lead a double life. To save money and eliminate commute time, Gore even lived in an RV in the parking lot at Tesla for six months while finishing up his degree. If you if you do


Before he caught the start-up bug, Gore worked as an intern at two Elon Musk-led companies, SpaceX and Tesla. He was offered an internship at the electric vehicle maker in 2014, and and later became a full-time battery engineer there. Rather than dropping out of college like Bill Gates or Mark Zuckerberg, Gore decided to lead a double life. To save money and eliminate commute time, Gore even lived in an RV in the parking lot at Tesla for six months while finishing up his degree. If you if you do
This engineer lived in an RV in Tesla’s parking lot — now he’s on a quest to build electric planes Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-29  Authors: lora kolodny, andrew evers, jeniece pettitt, impossible aerospace
Keywords: news, cnbc, companies, tesla, gore, planes, lived, engineer, electric, life, degree, lot, vehicle, parking, quest, zuckerberg, things, teslas, hes, internship, working, rv, worked


This engineer lived in an RV in Tesla's parking lot — now he's on a quest to build electric planes

Impossible Aerospace shares DNA, and a clean energy mission, with Tesla.

Before he caught the start-up bug, Gore worked as an intern at two Elon Musk-led companies, SpaceX and Tesla. He was offered an internship at the electric vehicle maker in 2014, and and later became a full-time battery engineer there. He accepted the internship even though he was still working on an engineering degree at the University of Illinois at Urbana Champaign.

Rather than dropping out of college like Bill Gates or Mark Zuckerberg, Gore decided to lead a double life. He convinced his professors he would be able to mail in his assignments, and travel back and forth between Tesla’s headquarters in Palo Alto, California and their campus for exams.

To save money and eliminate commute time, Gore even lived in an RV in the parking lot at Tesla for six months while finishing up his degree. He has no regrets.

“Honestly that was that was one of the happiest times of my life,” he recalls. “If you think about the two things that stress people out in Silicon Valley the most it’s commuting and paying rent. If you if you don’t have to do those two things, life is pretty good.”


Company: cnbc, Activity: cnbc, Date: 2019-03-29  Authors: lora kolodny, andrew evers, jeniece pettitt, impossible aerospace
Keywords: news, cnbc, companies, tesla, gore, planes, lived, engineer, electric, life, degree, lot, vehicle, parking, quest, zuckerberg, things, teslas, hes, internship, working, rv, worked


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Elon Musk just sent his second email this month to employees explaining Tesla’s store closure plan

Tesla CEO Elon Musk sent his second email to employees in a month to clear up confusion around its store closures, according to a copy of the memo viewed by CNBC. The email says Tesla stores with high foot traffic and sales will remain open. In the latest email to employees sent Wednesday, Musk said he hoped to clarify some confusion around the new plans around retail locations. Read the full memo below:From: Elon Musk To: Everyone March 27, 2019 Subject: Tesla Stores & Sales There [is] still so


Tesla CEO Elon Musk sent his second email to employees in a month to clear up confusion around its store closures, according to a copy of the memo viewed by CNBC. The email says Tesla stores with high foot traffic and sales will remain open. In the latest email to employees sent Wednesday, Musk said he hoped to clarify some confusion around the new plans around retail locations. Read the full memo below:From: Elon Musk To: Everyone March 27, 2019 Subject: Tesla Stores & Sales There [is] still so
Elon Musk just sent his second email this month to employees explaining Tesla’s store closure plan Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-27  Authors: lauren feiner, lora kolodny, patrick t fallon, bloomberg, getty images
Keywords: news, cnbc, companies, sense, open, sent, month, teslas, store, explaining, stores, tesla, sales, ordering, musk, email, second, employees, phone, plan, high


Elon Musk just sent his second email this month to employees explaining Tesla's store closure plan

Tesla CEO Elon Musk sent his second email to employees in a month to clear up confusion around its store closures, according to a copy of the memo viewed by CNBC.

The email says Tesla stores with high foot traffic and sales will remain open. It also says Tesla will open more stores if it thinks it can increase sales. Musk’s memo also said customers will still have to buy cars from their phone or a computer, even if they do so in a store.

Tesla originally caused a stir with its February announcement that it would shift to online only sales. At the time, Musk confirmed this move would involve reducing the headcount in Tesla’s sales and retail force. On March 10, Musk addressed employees directly in an internal email to all employees, saying its plans had changed and Tesla would “retain more stores than previously announced.” The company also published a blog post to explain its shifted mindset to the public, saying that upon review, it had decided to close fewer stores.

As a tradeoff, the company said, “Tesla will need to raise vehicle prices by about 3% on average worldwide. In other words, we will only close about half as many stores, but the cost savings are therefore only about half.”

In the latest email to employees sent Wednesday, Musk said he hoped to clarify some confusion around the new plans around retail locations.

“Stores with a high visitation rate and that lead to significant sales will absolutely not be closed down,” Musk said in the email. “It would not make any sense to do so, except in rare cases where the rent is absurdly high. Moreover, Tesla will continue to open stores throughout the world that meet the above criteria.”

He also cleared up some misconceptions around Tesla’s decision to sell online only.

“What is meant by ‘all sales will be online’ is just that the act of purchasing a Tesla will always be done via the potential new owner’s phone or computer,” Musk wrote.

Tesla was not immediately available to comment.

Read the full memo below:

From: Elon Musk To: Everyone March 27, 2019 Subject: Tesla Stores & Sales There [is] still some uncertainty around Tesla stores and the sales team. Hopefully, this note clears things up. Please let me know if there is anything I’ve forgotten to address. – Stores with a high visitation rate and that lead to significant sales will absolutely not be closed down. It would not make any sense to do so, except in rare cases where the rent is absurdly high. Moreover, Tesla will continue to open stores throughout the world that meet the above criteria. – Stores that are in a location with low visitation rates (ie empty most of their opening hours) and lead to low sales will gradually be closed down. This is analogous to seeds on barren ground. There is no reasonable way to justify keeping such stores open. – Stores that are somewhere in the middle will be evaluated over time to see [if] there is some way to allow them to cover their costs. If there is, they will remain open, otherwise not. However, these stores will be given a fair opportunity to prove their case. The above principles also apply to the sales team. No one who is a major contributor to demand generation will be let go. That would make no sense. However, sometimes, in a company with 45,000 people, things happen that make no sense. I will do my best to remedy issues when brought to my attention directly or through emdesk@tesla.com. What is meant by “all sales will be online” is just that the act of purchasing a Tesla will always be done via the potential new owner’s phone or computer. This is true whether they are at home or in a store. Unlike buying from other carmakers, ordering a Tesla doesn’t require any *physical paperwork*. This is very different from normal expectations for buying from other carmakers and is simply meant to emphasize that ordering a Tesla is super easy and can be done in 2 minutes from your phone or laptop at Tesla.com. Ordering a Tesla is not much harder than ordering an Uber, but hardly anyone knows this! However, many potential Tesla owners will still want to talk to a Tesla representative in person or want a test drive from a Tesla representative. Stores also have a small number of Tesla vehicles available to drive away immediately for customers that want a car right then and there. This is why stores and Tesla product specialists and owner advisors will always be of critical importance to our long-term success. Thanks, Elon

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Company: cnbc, Activity: cnbc, Date: 2019-03-27  Authors: lauren feiner, lora kolodny, patrick t fallon, bloomberg, getty images
Keywords: news, cnbc, companies, sense, open, sent, month, teslas, store, explaining, stores, tesla, sales, ordering, musk, email, second, employees, phone, plan, high


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Read Elon Musk’s email urging Tesla employees to help with deliveries

Tesla CEO Elon Musk sent an e-mail to all employees on Thursday urging them to volunteer to help out with deliveries, no matter their role. The move is typical — Tesla execs, including Musk, usually call for “all-hands on deck” to try to meet end-of-quarter goals. However, the company is making do with fewer hands than it had to help at the fourth quarter of 2018. Tesla recently made deep cuts to its workforce with layoffs in January, and some store closures following that. But in the e-mail to


Tesla CEO Elon Musk sent an e-mail to all employees on Thursday urging them to volunteer to help out with deliveries, no matter their role. The move is typical — Tesla execs, including Musk, usually call for “all-hands on deck” to try to meet end-of-quarter goals. However, the company is making do with fewer hands than it had to help at the fourth quarter of 2018. Tesla recently made deep cuts to its workforce with layoffs in January, and some store closures following that. But in the e-mail to
Read Elon Musk’s email urging Tesla employees to help with deliveries Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-21  Authors: lora kolodny, silas stein, picture alliance, getty images
Keywords: news, cnbc, companies, tesla, delivery, making, employees, company, email, urging, elon, deliveries, read, teslas, musks, store, problem, musk, production, help


Read Elon Musk's email urging Tesla employees to help with deliveries

Tesla CEO Elon Musk sent an e-mail to all employees on Thursday urging them to volunteer to help out with deliveries, no matter their role.

The move is typical — Tesla execs, including Musk, usually call for “all-hands on deck” to try to meet end-of-quarter goals.

However, the company is making do with fewer hands than it had to help at the fourth quarter of 2018.

Tesla recently made deep cuts to its workforce with layoffs in January, and some store closures following that. Even more store closures are yet to come, but the company has said it is still evaluating which locations should remain.

A Tesla spokesperson said that as of the week of March 4, the company employed more than 40,000 people. In its 2018 annual report, Tesla said it had 48,817 employees. The company has not disclosed exactly how many people it has laid off this year.

Last September, Musk acknowledged Tesla’s problems had shifted to delivery logistics from production delays. He said in a tweet then, responding to a customer upset over delivery delays: “Sorry, we’ve gone from production hell to delivery logistics hell, but this problem is far more tractable. We’re making rapid progress. Should be solved shortly.”

But in the e-mail to all employees on Thursday, the CEO painted Tesla’s delivery problem as a “good one to have.” He wrote, “This is the biggest wave in Tesla’s history, but it is primarily a function of our first delivery of mass manufactured cars on two continents simultaneously, and will not be repeated in subsequent quarters.”


Company: cnbc, Activity: cnbc, Date: 2019-03-21  Authors: lora kolodny, silas stein, picture alliance, getty images
Keywords: news, cnbc, companies, tesla, delivery, making, employees, company, email, urging, elon, deliveries, read, teslas, musks, store, problem, musk, production, help


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Tesla is suing former employees and self-driving startup Zoox for allegedly taking secrets

Tesla is suing self-driving car startup Zoox and several former Tesla employees for allegedly stealing company information. In doing so the defendants, including Zoox, allegedly attempted to “steal Tesla’s proprietary information and trade secrets to help Zoox leapfrog past years of work needed to develop and run its own warehousing, logistics, and inventory control operations.” Zoox is one of many Silicon Valley startups working on self-driving car technology. Tesla has long said it is also wor


Tesla is suing self-driving car startup Zoox and several former Tesla employees for allegedly stealing company information. In doing so the defendants, including Zoox, allegedly attempted to “steal Tesla’s proprietary information and trade secrets to help Zoox leapfrog past years of work needed to develop and run its own warehousing, logistics, and inventory control operations.” Zoox is one of many Silicon Valley startups working on self-driving car technology. Tesla has long said it is also wor
Tesla is suing former employees and self-driving startup Zoox for allegedly taking secrets Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-21  Authors: robert ferris, bloomberg, getty images
Keywords: news, cnbc, companies, working, selfdriving, allegedly, proprietary, suing, taking, employees, comment, information, startup, secrets, tesla, car, zoox, teslas


Tesla is suing former employees and self-driving startup Zoox for allegedly taking secrets

Tesla is suing self-driving car startup Zoox and several former Tesla employees for allegedly stealing company information.

The electric car maker says former employees Scott Turner, Sydney Cooper, Christian Dement, and Craig Emigh, “absconded with select proprietary Tesla documents useful to their new employer, and at least one of them used Tesla’s confidential information to target other Tesla employees for hiring by Zoox,” according to a suit filed in a U.S. District Court in Northern California.

In doing so the defendants, including Zoox, allegedly attempted to “steal Tesla’s proprietary information and trade secrets to help Zoox leapfrog past years of work needed to develop and run its own warehousing, logistics, and inventory control operations.”

Zoox is one of many Silicon Valley startups working on self-driving car technology. Tesla has long said it is also working on self-driving car technology.

Tesla declined to comment beyond what is contained in the brief, and Zoox was not immediately available for comment.


Company: cnbc, Activity: cnbc, Date: 2019-03-21  Authors: robert ferris, bloomberg, getty images
Keywords: news, cnbc, companies, working, selfdriving, allegedly, proprietary, suing, taking, employees, comment, information, startup, secrets, tesla, car, zoox, teslas


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Tesla is suing former employees and self-driving startup Zoox for allegedly taking secrets

Tesla is suing self-driving car startup Zoox and several former Tesla employees for allegedly stealing company information. In doing so the defendants, including Zoox, allegedly attempted to “steal Tesla’s proprietary information and trade secrets to help Zoox leapfrog past years of work needed to develop and run its own warehousing, logistics, and inventory control operations.” Zoox is one of many Silicon Valley startups working on self-driving car technology. Tesla has long said it is also wor


Tesla is suing self-driving car startup Zoox and several former Tesla employees for allegedly stealing company information. In doing so the defendants, including Zoox, allegedly attempted to “steal Tesla’s proprietary information and trade secrets to help Zoox leapfrog past years of work needed to develop and run its own warehousing, logistics, and inventory control operations.” Zoox is one of many Silicon Valley startups working on self-driving car technology. Tesla has long said it is also wor
Tesla is suing former employees and self-driving startup Zoox for allegedly taking secrets Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-21  Authors: robert ferris, bloomberg, getty images
Keywords: news, cnbc, companies, working, selfdriving, allegedly, proprietary, suing, taking, employees, comment, information, startup, secrets, tesla, car, zoox, teslas


Tesla is suing former employees and self-driving startup Zoox for allegedly taking secrets

Tesla is suing self-driving car startup Zoox and several former Tesla employees for allegedly stealing company information.

The electric car maker says former employees Scott Turner, Sydney Cooper, Christian Dement, and Craig Emigh, “absconded with select proprietary Tesla documents useful to their new employer, and at least one of them used Tesla’s confidential information to target other Tesla employees for hiring by Zoox,” according to a suit filed in a U.S. District Court in Northern California.

In doing so the defendants, including Zoox, allegedly attempted to “steal Tesla’s proprietary information and trade secrets to help Zoox leapfrog past years of work needed to develop and run its own warehousing, logistics, and inventory control operations.”

Zoox is one of many Silicon Valley startups working on self-driving car technology. Tesla has long said it is also working on self-driving car technology.

Tesla declined to comment beyond what is contained in the brief, and Zoox was not immediately available for comment.


Company: cnbc, Activity: cnbc, Date: 2019-03-21  Authors: robert ferris, bloomberg, getty images
Keywords: news, cnbc, companies, working, selfdriving, allegedly, proprietary, suing, taking, employees, comment, information, startup, secrets, tesla, car, zoox, teslas


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Here’s what Wall Street analysts are saying about Tesla’s Model Y: ‘Underwhelming’, ‘no surprises’

The Model Y will use about 75 percent of the same parts as Tesla’s low-cost Model 3, CEO Elon Musk said. That makes the Model Y “likely to cannibalize the Model 3,” Morgan Stanley analyst Adam Jonas said. Cowen analyst Jeffrey Osborne also said the “Model Y reveal underwhelmed us,” especially since “the night held no surprises.” “We remain concerned about the manufacturing timeline,” Bernstein’s Toni Sacconaghi said of the Model Y. Here’s what all the major analysts said about Tesla’s Model Y un


The Model Y will use about 75 percent of the same parts as Tesla’s low-cost Model 3, CEO Elon Musk said. That makes the Model Y “likely to cannibalize the Model 3,” Morgan Stanley analyst Adam Jonas said. Cowen analyst Jeffrey Osborne also said the “Model Y reveal underwhelmed us,” especially since “the night held no surprises.” “We remain concerned about the manufacturing timeline,” Bernstein’s Toni Sacconaghi said of the Model Y. Here’s what all the major analysts said about Tesla’s Model Y un
Here’s what Wall Street analysts are saying about Tesla’s Model Y: ‘Underwhelming’, ‘no surprises’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-15  Authors: michael sheetz
Keywords: news, cnbc, companies, surprises, underwhelming, heres, sentiment, street, osborne, model, analysts, wall, tesla, saying, teslas, q1, unveiling, night


Here's what Wall Street analysts are saying about Tesla's Model Y: 'Underwhelming', 'no surprises'

Tesla unveiled its crossover SUV electric vehicle on Thursday night but Wall Street was largely unimpressed by it and received it with little fanfare.

The shares dropped more 4.5 percent in trading Friday.

“Overall, we found the event somewhat underwhelming with no major surprises,” Deutsche Bank’s Emmanuel Rosner said in a note.

The Model Y will use about 75 percent of the same parts as Tesla’s low-cost Model 3, CEO Elon Musk said. That makes the Model Y “likely to cannibalize the Model 3,” Morgan Stanley analyst Adam Jonas said.

Cowen analyst Jeffrey Osborne also said the “Model Y reveal underwhelmed us,” especially since “the night held no surprises.” Osborne said investors were looking for a refresh to the Model S and Model X lines, new software or even details on how Tesla’s first quarter is going.

“We remain concerned about the manufacturing timeline,” Bernstein’s Toni Sacconaghi said of the Model Y. “Last night’s unveiling essentially reaffirmed Tesla’s target of ‘volume’ production by the end of 2020.”

A few analysts stuck to bullish sentiment on Tesla as a whole, exemplified by Baird’s Ben Kallo, who said his firm continues “to like TSLA into the Q1 delivery release, as we think the negative sentiment on Model 3 demand and Q1 deliveries is overblown.”

Here’s what all the major analysts said about Tesla’s Model Y unveiling:


Company: cnbc, Activity: cnbc, Date: 2019-03-15  Authors: michael sheetz
Keywords: news, cnbc, companies, surprises, underwhelming, heres, sentiment, street, osborne, model, analysts, wall, tesla, saying, teslas, q1, unveiling, night


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Tesla opens Model 3 sales in Mexico

Tesla is rolling its midsize Model 3 sedan out in Mexico for the first time, the company said. The electric car maker is launching the car in the country at Tesla’s Mexico City-Masaryk store on Friday. Tesla has been focusing a fair amount of Model 3 production on foreign markets, especially Europe and China. The company unveiled the long-awaited $35,000 version of the Model 3 on Feb. 28 and said the same day it will close most of its stores and shift sales online. WATCH:A visit to the only Tesl


Tesla is rolling its midsize Model 3 sedan out in Mexico for the first time, the company said. The electric car maker is launching the car in the country at Tesla’s Mexico City-Masaryk store on Friday. Tesla has been focusing a fair amount of Model 3 production on foreign markets, especially Europe and China. The company unveiled the long-awaited $35,000 version of the Model 3 on Feb. 28 and said the same day it will close most of its stores and shift sales online. WATCH:A visit to the only Tesl
Tesla opens Model 3 sales in Mexico Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-08  Authors: robert ferris, vcg vcg, getty images, source, andrew evers cnbc
Keywords: news, cnbc, companies, car, mexico, company, opens, model, tesla, version, teslas, unveiled, sales, visit, supercharger


Tesla opens Model 3 sales in Mexico

Tesla is rolling its midsize Model 3 sedan out in Mexico for the first time, the company said.

The electric car maker is launching the car in the country at Tesla’s Mexico City-Masaryk store on Friday.

Tesla has been focusing a fair amount of Model 3 production on foreign markets, especially Europe and China.

The company unveiled the long-awaited $35,000 version of the Model 3 on Feb. 28 and said the same day it will close most of its stores and shift sales online.

WATCH:A visit to the only Tesla Supercharger station with a lounge


Company: cnbc, Activity: cnbc, Date: 2019-03-08  Authors: robert ferris, vcg vcg, getty images, source, andrew evers cnbc
Keywords: news, cnbc, companies, car, mexico, company, opens, model, tesla, version, teslas, unveiled, sales, visit, supercharger


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