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July 4, 2022

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UK launches data centre for critical minerals

Reuters
Evaporation pools for the extraction of lithium are seen at the Salar de Uyuni, a vast white salt flat at the centre of a global resource race for the battery metal lithium, outside of Uyuni, Bolivia March 26, 2022. Picture taken with a drone. REUTERS/Claudia Morales Register now for FREE......

Tesla’s quarterly deliveries fall on China’s COVID shutdown

Reuters
Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul/Pool via REUTERS/File Photo/File Photo Register now for FREE unlimited access to Reuters.com Register July 2 (Reuters) – Tesla Inc (TSLA.O) delivered 17.9% fewer electric vehicles......

S&P 500 limps to slightly lower close as quarter-end looms

Reuters
U.S. economy contracted in Q1; consumer spending revised lower General Mills rises as sales beat on higher prices Bed Bath & Beyond replaces CEO, shares tumble Dow up 0.27%, S&P down 0.07%, Nasdaq off 0.03% NEW YORK, June 29 (Reuters) – The S&P 500 ended a seesaw session slightly down......

S.Korea’s LGES reviews plan for $1.3 bln Arizona battery plant as U.S. inflation bites

Reuters
SEOUL, June 29 (Reuters) – South Korean battery maker LG Energy Solution Ltd (LGES) (373220.KS) plans to reassess its investment plan for a standalone Arizona battery factory due to the current U.S. economic environment, a company spokesperson said on Wednesday. The spokesperson’s comments on the previously announced $1.3 billion investment......

Exclusive: Japan emphasised hybrids in policy document after lawmaker cited lobbying from Toyota head

Reuters
TOKYO, June 24 (Reuters) – Japan changed a key policy document to show its support for hybrids was on par with battery-electric vehicles after a lawmaker cited the head of Toyota saying automakers couldn’t back a government that rejected the technology popularised by the Prius, according to notes from a......

Biden administration leans on Tesla for guidance in renewable fuel policy reform

Reuters
June 23 (Reuters) – U.S. President Joe Biden rarely mentions electric car maker Tesla Inc (TSLA.O) in public. But privately his administration has leaned on the company to help craft a new policy to allow electric vehicles (EVs) to benefit from the nation’s lucrative renewable fuel subsidies, according to emails......

Twitter tests long-form text feature called ‘Notes’

Reuters
The Twitter app is seen on a smartphone in this illustration taken July 13, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register June 22 (Reuters) – Twitter Inc (TWTR.N)said on Wednesday it was testing a new feature called “Notes” that would allow users to share......

Anticipating U.S. downturn, Elon Musk details Tesla staff cuts

Reuters
Elon Musk arrives at the In America: An Anthology of Fashion themed Met Gala at the Metropolitan Museum of Art in New York City, New York, U.S., May 2, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register DOHA, June 21 (Reuters) – Elon Musk, CEO of......

Tesla sued by former employees over ‘mass layoff’

Reuters
June 20 (Reuters) – Former Tesla Inc (TSLA.O) employees have filed a lawsuit against the U.S. electric car company alleging its decision to carry out a “mass layoff” violated federal law as the company did not provide advance notice of the job cuts. The lawsuit was filed late Sunday in......

Elon Musk’s SpaceX fires at least five over critical letter

Reuters
June 17 (Reuters) – Private rocket company SpaceX fired at least five employees after it found they had drafted and circulated a letter criticizing founder Elon Musk and urging executives to make the firm’s culture more inclusive, two people familiar with the matter said. SpaceX did not immediately respond to......

Tesla investor sues Musk, board over accusation of workplace discrimination

Reuters
June 17 (Reuters) – A Tesla Inc (TSLA.O) shareholder sued the electric car maker, Chief Executive Elon Musk and its board, accusing them of neglecting to tackle complaints about workplace discrimination and harassment, and engendering a “toxic workplace culture.” Thursday’s lawsuit is the latest against Tesla, which has been accused......

Sony, Honda sign JV to sell electric cars by 2025

Reuters
June 17 (Reuters) – Japan’s Sony (6758.T) and Honda Motor (7267.T) on Thursday officially agreed to an equally owned joint venture that will start selling electric cars in 2025. Honda, like bigger rival Toyota Motor (7203.T), has been slower to shift to electric vehicles (EV) than global automakers and is......

In call with Twitter staff, Elon Musk muses on space aliens, company’s future

Reuters
June 16 (Reuters) – Elon Musk addressed Twitter (TWTR.N) employees for the first time on Thursday, expressing his view that Twitter would need to cut its headcount, but offering few other new details about his $44 billion planned takeover of the social media company. Musk appeared via video call 10......

Elon Musk sued for $258 billion over alleged Dogecoin pyramid scheme

Reuters
NEW YORK, June 16 (Reuters) – Elon Musk was sued for $258 billion on Thursday by a Dogecoin investor who accused him of running a pyramid scheme to support the cryptocurrency. In a complaint filed in federal court in Manhattan, plaintiff Keith Johnson accused Musk, electric car company Tesla Inc......

Tesla to charge more for cars in United States as inflation bites

Reuters
June 16 (Reuters) – Tesla Inc (TSLA.O) again raised prices for all its car models in the United States in response to persistent global supply-chain problems and soaring raw material costs. The electric carmaker increased its Model Y long-range price to $65,990 from $62,990, its website showed on Thursday, after......

Column: Goldman sparks bear-bull battle in the lithium market: Andy Home

Reuters
LONDON, June 15 (Reuters) – Is the white-hot lithium market about to be dowsed in a cold cyclical shower of oversupply? Goldman Sachs thinks so. “We expect lithium prices to continue to correct for the rest of the year and remain under pressure from increasing supply over the next few......

Tesla’s Musk says he’s leaning towards DeSantis for president

Reuters
WASHINGTON, June 15 (Reuters) – Tesla Inc Chief Executive Elon Musk said he may support Florida governor Ron DeSantis for president in 2024, and predicted a “massive red wave” of Republican victories in the midterm elections in November. Asked on Twitter early Wednesday morning who he was “leaning towards” in......

Toyota says consumer choice dictates pace of electrification

Reuters
TOYOTA, Japan, June 15 (Reuters) – Toyota Motor Corp (7203.T) pushed back against critics who say it has been slow to embrace battery electric vehicles (BEV), arguing it needed to offer a variety of car choices to suit different markets and customers. At its annual general meeting on Wednesday, the......

The Saudi investment king who no longer rules alone

Reuters
Saudi wealth fund bought nearly 17% of Prince Alwaleed’s firm Sovereign fund likely to an active investor – sources PIF may benefit from Alwaleed’s investing style – analysts DUBAI, June 15 (Reuters) – The prince who’s the international face of Saudi business may no longer be able to call all......

Miner Fortescue says it won’t shy away from countries with troubled human rights

Reuters
Andrew Forrest, Chairman and Founder, Fortescue Metals Group speaks at the Global Energy Transition 2022 conference in New York City, New York, U.S. June 14, 2022. REUTERS/David Dee Delgado Register now for FREE unlimited access to Reuters.com Register NEW YORK, June 14 (Reuters) – Andrew Forrest, the chairman and founder......

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