Tesla has idled its Shanghai Gigafactory for two days amid a rise China’s Omicron cases that has prompted the government to tighten restrictions there. Employees were sent a notice to employees and suppliers on Wednesday informing them of the closure, reported Reuters, which viewed the internal memo. The electric vehicle maker didn’t confirm the reason […]
Tesla has idled its Shanghai Gigafactory for two days amid a rise China’s Omicron cases that has prompted the government to tighten restrictions there. Employees were sent a notice to employees and suppliers on Wednesday informing them of the closure, reported Reuters, which viewed the internal memo. The electric vehicle maker didn’t confirm the reason […]
Tesla fired an employee and shut down some of his self-driving privileges after he posted videos on YouTube reviewing the company''s driverless technology while riding around Silicon Valley.

Solo AVT wants to build fully driverless heavy truck platforms

01:00pm, Wednesday, 16'th Mar 2022 TechCrunch
California-based Solo Advanced Vehicle Technologies wants to build electric, purpose-built heavy-duty truck platforms for autonomous freight. These platforms would be compatible with any autonomous driving software, so autonomous vehicle companies could simply layer on their self-driving software and sensor suite and be off. The startup, founded by Waymo, Tesla and BMW alums, aims to address […]

Tesla idles plant in Shanghai for 2 days

12:49pm, Wednesday, 16'th Mar 2022 BusinessMirror
Tesla Inc. is suspending production at its Shanghai factory for two days as China tightens restrictions to contain…
China''s BYD is boosting vehicle prices, according to reports. Tesla did so this week, while Rivian made the same move earlier in March.
Tesla will suspend all operations at its Gigafactory 3 in Shanghai for two days to allow health authorities to test every employee for the Omicron variant as the Covid-19 outbreak threatens to flare up again in China’s commercial hub.Production of Tesla’s Model 3 electric sedans and Model Y sports-utility vehicles (SUVs) will be halted on Wednesday and Thursday while the factory is sealed off, according to two people familiar with the arrangement. Tesla’s spokespeople did not respond to…
John Bernal said Tesla also suspended the full self-driving feature on his car shortly after he was fired.
Futures Surge On Beijing Market Rescue, Ukraine Ceasefire Hopes As Fed Rate Hike Looms Normally, the first rate hike in more than four years meant to spark a "shallow" recession and destroy commodity demand would not be viewed positively by markets (unless it leads to another mega QE, which it will), but today is an exception with global stocks and US futures surging after the Kremlin hinted at progress in peace talks with Ukraine, adding to positive sentiment stoked by China’s vow to stabilize its battered markets which sent Hong Kong stocks soaring by the most on record. At 730am, S&P futures are up 1.3%, with Nasdaq futs +1.8% outperforming amid overnight tech action, influencing European sectors, on the back of China''s jawboning stocks higher and constructive commentary from Ukraine''s Zelensky and Russia''s Lavrov. European bourses are also firmer across the board, Euro Stoxx 50 +3.3%, after a firmer handover from the Asia session and on geopolitical optimism. Treasuries were steady and the dollar slipped ahead of the Federal Reserve rates decision.
A report says Tesla is halting production at its Shanghai plant amid a rise of Covid variant infections in China. But investors have other things on their minds.
Tesla fired an employee who posted videos of the company’s experimental driver assist features on YouTube. John Bernal shared videos — including close-calls and a crash with a bollard — on his channel, AI Addict.

Stock-Split Watch: Is Tesla Next?

10:00am, Wednesday, 16'th Mar 2022 The Motley Fool
Amazon has joined Alphabet with blockbuster news of a stock split -- could Tesla follow suit?
Stock futures extend gains on China stimulus, Russia-Ukraine talks; Fed readies first rate hike since 2018; Foxconn ''cautious'' on supply chain; Tesla shutters Shanghai gigafactory and Live Nation shares slide as Senators urge DoJ pricing probe.
Electric vehicle giant Tesla is suspending production at its Shanghai factory for two days, according to a notice sent internally and to suppliers, as China tightens COVID restrictions to curb the country''s latest outbreak.
Plunges in electric-vehicles stocks have made them look like Buy-rated bargains. But ratings are just a small part of the puzzle.
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