Tesla Founder and CEO Elon Musk could not hold his displeasure over Warren Buffett's remarks that selling insurance is not Tesla's cup of tea, leading to a couple of tweets related to the billionaire investor.The Berkshire Founder and CEO Buffett, during the Berkshire Hathaway annual meeting last week, said insurance is not an easy business."The success of the auto companies getting into the insurance business is probably as likely as the success of the insurance companies getting into the auto business," he told shareholders.In an earnings call with analysts in April, Musk revealed his plans to launch an insurance product later in May."I'd bet against any company in the auto business" getting into insurance, CNBC quoted Buffett as saying.This led Musk to issue a series of tweets on Sunday. The Tesla CEO first tweeted a link, asking his followers to order Tesla Model 3, which is cheaper than a Honda Accord.He then sent a playful tweet, claiming that Tesla is "also 1,000 more fun" than … [Read more...] about Buffett says Tesla can’t sell insurance, Musk hits back
Tesla model s ludicrous mode
Tesla to update battery software following car fires
Business Tesla Inc will update its battery software after two recent fires involving its Model S electric vehicles (EV) in Shanghai and Hong Kong, the U.S. automaker said on Thursday, adding that investigations into the incidents are ongoing. 16 May 2019 10:30AM Bookmark REUTERS: Tesla Inc will update its battery software after two recent fires involving its Model S electric vehicles (EV) in Shanghai and Hong Kong, the U.S. automaker said on Thursday, adding that investigations into the incidents are ongoing."As we continue our investigation of the root cause, out of an abundance of caution, we are revising charge and thermal management settings on Model S and Model X vehicles via an over-the-air software update that will begin rolling out today, to help further protect the battery and improve battery longevity." Tesla said in a statement on Wednesday.On Tuesday, Hong Kong's Apple Daily newspaper reported that a Tesla car caught fire in a shopping mall parking lot 30 minutes … [Read more...] about Tesla to update battery software following car fires
Tesla catches fire in Hong Kong parking lot, Times says
A Tesla Inc. electric vehicle suddenly caught fire while in a Hong Kong parking lot, the Hong Kong Economic Times said, less than a month after a similar case was reported in Shanghai. The Tesla Model S had been been parked in San Po Kong Plaza for about half an hour on May 12 before the battery started to smoke and flames appeared, according to the report. There were sounds of explosions and firefighters took about 45 minutes to extinguish the blaze, the Economic Times reported. It was the first fire of its kind in the city, the report said. [RA::Tesla's 'mass market' $35k electric car ready to order, onlinehttps://www.thejakartapost.com/life/2019/03/01/teslas-mass-market-35k-electric-car-ready-to-order-online.html]:: Tesla doesn’t have an immediate comment on the matter, a Beijing-based spokeswoman for the company said. Last month, videos on social media showed a car bearing a Tesla logo in Shanghai emitting smoke before bursting into flames, while rival NIO Inc. said one of … [Read more...] about Tesla catches fire in Hong Kong parking lot, Times says
Tesla car catches fire in Hong Kong parking lot: Report
HONG KONG: A Tesla Inc electric car caught fire in a parking lot in a Hong Kong shopping mall, the Apple Daily newspaper said on Tuesday (May 14), but no one was injured in the blaze, the cause of which was not immediately known. The electric car burst into flames 30 minutes after being parked in the city's San Po Kong district on Sunday, the newspaper said, with three explosions seen on CCTV footage.Firemen took 45 minutes to douse the fire.The vehicle was a Tesla Model S 85 KWH dual power version, added the paper, which gave no explanation of what might have caused the blaze.Responding to a request from Reuters, Tesla declined to comment. Reuters was not able to contact the vehicle owner or obtain CCTV footage of the incident.Hong Kong's fire services department told Reuters a vehicle caught fire on Sunday, but gave no details, such as the make of the car. Authorities are investigating the cause.The incident comes three weeks after Tesla said it had sent a team to investigate a … [Read more...] about Tesla car catches fire in Hong Kong parking lot: Report
US rejects Tesla bid for tariff exemption for Model 3 ‘brain’
WASHINGTON: U.S. trade officials rejected Tesla Inc's bid for relief from President Donald Trump's 25 percent tariffs on the Chinese-made computer "brain" of its Model 3 electric vehicles, one of more than 1,000 product denials linked to China's industrial development plans.According to documents filed by U.S. Trade Representative's office (USTR) and reviewed by Reuters, Tesla's and other tariff exclusion requests for Chinese-made products from aircraft parts to biotechnology instruments were all denied because they were deemed "strategically important" to the "Made in China 2025" programme.Tesla did not return requests for comment. Tesla has a separate pending tariff exclusion request for duties on the Chinese-made Model 3 Center Screen.The company in a securities filing on Monday said that "our costs for producing our vehicles in the U.S. have also been affected by import duties on certain components sourced from China."The denials illustrate a systematic approach by the Trump … [Read more...] about US rejects Tesla bid for tariff exemption for Model 3 ‘brain’