Experts say the country has the potential to be both a big market and a hub of the electric car industry.
A person briefed on the plan said the name Volkswagen Group of America, which also includes the Audi, Bentley, Bugatti and Lamborghini brands, won't change. Rather, only the ‘k’ in the Volkswagen brand itself will be changed to a ‘t.’
Chinese authorities are worried that data from Tesla vehicles could be leaked to the American government.
Prolific Swiss computer hacker Till Kottmann had stolen credentials, private records and proprietary information from dozens of companies and government agencies, according to US authorities.
Tesla Inc’s stock extended its losses and is now down by a third from its January record high, making it the third time in about a year that the electric car maker’s shares have corrected that dramatically.
Many mega-corporations have rushed to invest, while others are announcing plans to support bitcoin.
Bitcoin, once the preserve of internet geeks and hobbyists, has since exploded in popularity and has now rocketed by almost 75 percent in value so far this year.
Bitcoin has more than doubled over two months as institutional investors search for alternative wealth stores and retail traders ride the wave.
Elon Musk launches a pair of potentially game-changing shifts for bitcoin, promising Tesla Inc would take payment for its electric vehicles in the currency soon and revealing it had already invested $1.5 billion in the cryptocurrency.
Tesla benefits from scaled-up production at factories in California and China as it pushes forward with new plants in the state of Texas and Germany, expected to begin production in 2021.
A group of amateur investors, using the online platform Reddit and calling itself WallStreetBets, is credited with pushing up GameStop shares to as high as $380 from $18 just a few weeks ago and roiling the Wall Street establishment.
It is unusual for the National Highway Traffic Safety Administration to formally demand a recall. Automakers typically voluntarily agree to a recall if sought in discussions by regulators.
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