Economy - Finance > Company

Tesla is backing a new Europe project to build a big charging hub, shortly after Elon Musk made a mysterious UK stopover

26 days ago   |   By Business Insider

Summary List Placement Tesla has joined a project to build one of Europe's most powerful charging hubs capable of powering 26 electric vehicles at once.
Elon Musk's automotive giant is one of four companies working on the so-called "Energy Superhub" in the British town of Oxford, due to open at the end of this year. The new hub, announced Friday, will produce 10 megawatts of renewable energy from Dutch solar and wind firm Fastned.
The investment from Tesla represents a further growing of its charging network in the UK. The company owns around 15.7% of the country's rapid charging network...
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Tesla looking at Russia as a potential production hub - Elon Musk

Tesla looking at Russia as a potential production hub - Elon Musk

26 days ago   |   By RT

Tesla CEO Elon Musk says the US electric carmaker is exploring opportunities for establishing a presence in Russia and opening production lines in the country.
Apart from the US, the automaker has already launched two production sites in the Chinese municipality of Shanghai, and is considering opening facilities in other parts of the world, Musk said via a video link at a forum on Russian education in Moscow on Friday.
The company is reportedly also planning to launch a production site in Germany, and to open a new plant in Austin, Texas in the US as soon as by the end of this year. Tesla...
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Ethereum co-creator Vitalik Buterin says there's no malevolent intent behind Elon Musk's support for dogecoin

Ethereum co-creator Vitalik Buterin says there's no malevolent intent behind Elon Musk's support for dogecoin

26 days ago   |   By Business Insider

Summary List Placement Vitalik Buterin, the 27-year-old co-creator of Ethereum, told CNN this week that he doesn't think Elon Musk's tweets promoting dogecoin are suspicious.
"Elon Musk tweeting is something that the crypto space has only been introduced to for the first time literally last year and this year," Buterin said. "I think it's reasonable to expect a bit of craziness. But I do think that the markets will learn. Elon is not going to have this influence forever."
Musk has turned the spotlight on dogecoin after hinting that the meme-inspired cryptocurrency could be used to make...
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Ethereum co-creator Vitalik Buterin says there's no malevolent intent behind Elon Musk's support for dogecoin

Ethereum co-creator Vitalik Buterin says there's no malevolent intent behind Elon Musk's support for dogecoin

26 days ago   |   By Business Insider

Vitalik Buterin.
Getty Images/John Phillips
Elon Musk's influence over the crypto market won't last forever, Vitalik Buterin said.
He doesn't think the Tesla billionaire's support for dogecoin has any disagreeable purpose.
Ether's nosedive this week means Buterin may have lost his crypto billionaire status.
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Vitalik Buterin, the 27-year-old co-creator of Ethereum, told CNN this week that he doesn't think Elon Musk's tweets promoting dogecoin are suspicious. "Elon Musk tweeting is something that the crypto space has...
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Elon Musk says Tesla is considering building a factory in Russia

26 days ago   |   By Business Insider

Tesla CEO Elon Musk.
REUTERS/Mike Blake
Elon Musk told a conference in Moscow that Tesla was looking at building a factory in Russia.
Musk said there should be "more dialogue" between Russia and the US, per Bloomberg.
Musk said he was invited to speak at the conference by a Kremlin spokesman, Bloomberg reported.
See more stories on Insider's business page .
Tesla CEO Elon Musk told a conference in Moscow that the company was considering building a production hub in Russia, Reuters and Bloomberg reported Friday. Musk, appearing via video link on Friday morning, said Russia was among the...
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