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Maersk signs deal with Starlink for its ocean fleet

WIL BALDWIN October 12, 2023

Copenhagen, Denmark, October 12, 2023 – A.P. Moller - Maersk (London: 0O77) is embarking on a collaboration with Starlink, the pioneering satellite internet constellation developed by Space Exploration Technologies Corp., commonly referred to as SpaceX. SpaceX…

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Tesla Wants to Become an Electricity Retailer

WIL BALDWIN August 30, 2021

Story By RAKESH SHARMA Last week, Tesla Energy Ventures, a new subsidiary of electric car maker Tesla Inc. (Nasdaq: TSLA), filed an application to become a retail electricity provider in the state of Texas. According to…

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Tesla Reports Q2 Profit, Announces Texas Gigafactory

WIL BALDWIN July 26, 2020

Tesla (TSLA) posted a surprise second-quarter profit last week on cost cutting and strong deliveries, offsetting the effects of its Covid-19 related factory shutdowns. The report may help the electric vehicle manufacturer gain inclusion into…

Tesla to Slash Headcount at Nevada Gigafactory by 75%

WIL BALDWIN March 27, 2020

BEIJING/TOKYO (Reuters) - U.S. electric carmaker Tesla Inc <TSLA> plans to slash on-site staff at its Nevada battery plant by around 75% due to the coronavirus pandemic, the local county manager said on Thursday. The…

Tesla To Buy Battery Tech Maker Maxwell Technologies

WIL BALDWIN February 4, 2019February 4, 2019

(Reuters) - Tesla Inc has agreed to buy energy storage company Maxwell Technologies Inc for $218 million in an all-stock deal that could help the electric car maker produce batteries that hold more energy and…

Wall Street Set To Jump On Temporary Trade Detente

WIL BALDWIN December 3, 2018

(Reuters) - U.S. stock index futures jumped around 2 percent on Monday, setting Wall Street up to add to last week’s strong gains, after the United States and China declared a temporary trade truce. Strong…

FedEx Expands Fleet To Add 1,000 Chanje Electric Vans

WIL BALDWIN November 20, 2018

(Reuters) - FedEx Corp said on Tuesday it plans to add 1,000 Chanje electric delivery vans to its fleet of vehicles in a bid to save on fuel and cut down on pollution. The package…

VW Plans To Sell Electric Tesla Rival

WIL BALDWIN November 8, 2018

FRANKFURT (Reuters) - Volkswagen (VOWG_p.DE) intends to sell electric cars for less than 20,000 euros (17,437.4 pounds) and protect German jobs by converting three factories to make the Tesla (TSLA.O) rival, a source familiar with…

Tesla Secures Shanghai Site For $2 Billion China Gigafactory

WIL BALDWIN October 17, 2018

BEIJING (Reuters) - Tesla Inc has signed an agreement with the Shanghai government for an 860,000 square metre plot of land to build its first overseas Gigafactory, the electric carmaker said in a Chinese social…

Chinese EV Maker NIO Stock Rises On U.S. debut

WIL BALDWIN September 12, 2018September 12, 2018

(Reuters) - Shares of Chinese electric carmaker NIO Inc (NIO.N) recovered sharply from a 15 percent fall in their market debut on Wednesday, a day after the company's IPO was priced at the lower end…