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Amazon places big bet on aspiring Tesla rival Rivian

DETROIT/SAN FRANCISCO (Reuters) – Amazon.com Inc said on Friday it would lead a $700 million investment in U.S. electric pickup truck startup Rivian Automotive LLC, in the e-commerce giant’s biggest bet on technologies with potential to reshape the automotive sector. FILE PHOTO: Rivian introduces R1T all-electric pickup truck at Los …

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Tesla begins sales of cheaper Model 3 car in China

FILE PHOTO: A Tesla logo is seen at a Tesla showroom in Shanghai, China January 7, 2019. REUTERS/Aly Song BEIJING/SHANGHAI (Reuters) – U.S. electric vehicle maker Tesla Inc said it will start taking orders in China on Friday for a lower-priced version of its Model 3 car, as it seeks …

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Tesla names close Musk friend Larry Ellison to board

(Reuters) – Tesla Inc on Friday named Oracle Corp co-founder Larry Ellison, a shareholder and self-described close friend of Chief Executive Elon Musk, to its board to provide the independent oversight demanded by U.S. regulators after Musk tweeted about taking the electric carmaker private. The move is meant to usher …

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Tesla names Oracle's Ellison to board, ending U.S. charges

(Reuters) – Tesla Inc on Friday named Oracle Corp co-founder Larry Ellison, a shareholder and self-described close friend of Chief Executive Elon Musk, to its board to provide the independent oversight demanded by U.S. regulators after Musk tweeted about taking the electric carmaker private. Tesla said Ellison and Walgreens Boots …

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Tesla cuts Model 3 prices in China

A Tesla Model 3 car is displayed during a media preview at the Auto China 2018 motor show in Beijing, China April 25, 2018. REUTERS/Jason Lee/File Photo BEIJING (Reuters) – Tesla Inc has slashed prices on its Model 3 electric car in China. According to the California-based electric carmaker’s Chinese …

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