U.S. turns down Tesla bid for tariff exemption for Autopilot ‘brain’

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U.S. trade officials turned down Tesla Inc’s bid for relief from President Donald Trump’s 25-percent tariffs on the Chinese-made Autopilot “brain” of its Model 3 among other electric automobiles, one of over 1,000 product denials associated with China’s industrial development plans. According to documents submitted by the U.S. Trade Representative’s office (USTR) and seen by […]

Top Tesla shareholder says Elon Musk ‘doesn’t need to be CEO’

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Tesla Inc’s largest shareholder expressed its support for CEO Elon Musk, however acknowledged that it was open to a different position for the electric automaker’s founder and CEO, Barron’s reported on Tuesday. “We wouldn’t be against him having a different role,” James Anderson, head of global equities for Baillie Gifford & Co, informed Barron’s. “I […]

Musk tweets Tesla to end customer referral plan due to expenses

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Tesla Inc’s customer referral incentive plan is going to end on February 1, the electric automaker’s CEO Elon Musk tweeted on Thursday, citing costs. Musk tweet here that the referral program is ending as “it’s adding too much cost to the cars, especially Model 3”. Musk in the past few months has been pushing for cost-cutting plans […]