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Honda Putting $2.75 Billion Into G.M.’s Self-Driving Venture

G.M. acquired Cruise, then called Cruise Automation, in 2016 for a reported $1 billion in cash, stock and incentive compensation. It has since added other properties to the effort. A year ago, it bought Strobe, a company that specializes in laser-imaging technology, and folded it into Cruise.Rather than go at it alone, G.M. has brought on partners to help fund the project in hopes of speeding development. Earlier this year SoftBank, the Japanese tech and investment firm, invested $2.25 billion in Cruise. As part of that deal, G.M. said it would put an additional $1.1 billion of its own money into the unit, which is based in…

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Tesla Reports Progress on Model 3 Car Production

Over the last two months, Tesla has faced no shortage of distractions.Elon Musk, its chief executive, announced on Twitter that he was going to take the company private, backed down, seemed to smoke marijuana in a podcast interview and was accused in a lawsuit by the Securities and Exchange Commission of misleading investors, a case he settled over the weekend.But through it all, Tesla managed to produce cars in high volume. On Tuesday, it reported a 50 percent jump in production in the third quarter from the preceding period. Over all, the company made 80,142 cars, of which 53,239 were Model 3 sedans.Model 3 output nearly doubled…

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Betting Against Tesla: Short-Sellers Make Their Case

For the past year, Elon Musk has waged a bitter war of words with short-sellers, the investors who are betting billions of dollars that Tesla will fail.On Twitter and in interviews, he has called them haters and jerks who know little about electric cars. He has accused them of spreading false information and amplifying negative news about Tesla in hopes of dragging down its stock price. Their goal, in Mr. Musk’s view, is nothing less than Tesla’s destruction.George Noble doesn’t fit that description. Manager of his own hedge fund, Noble Capital Advisors, he rarely comments on Tesla in public or on Twitter, and he comes with an…

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The week ahead: U.S.-European Trade Talks Resume, and New Apple Devices Are Unveiled

AdvertisementThe week aheadAlso this week, a Census Bureau report will give a snapshot of median household income, a climate summit is set for San Francisco and the European Central Bank meets.ImageTim Cook, the chief executive of Apple, during the iPhone announcement event last year. The company will announce the latest models on Wednesday.CreditCreditJosh Edelson/Agence France-Presse — Getty ImagesBy The New York TimesSept. 9, 2018Here’s what to expect in the week ahead:TRADEU.S. and European officials seek a trade pact.Senior trade officials from the United States and the European Union will meet on Monday in Brussels in an effort to avert an all-out trade war. Robert Lighthizer, the United…

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Elon Musk and Tesla Resolved One Issue. Now for the Rest.

After deciding not to try to remove its shares from the market, the electric carmaker must focus on some stubborn challenges while facing new ones.So Tesla is no longer seeking to go private. Now what?On Monday, the electric carmaker began to take stock of the residual damage from its August whirlwind — including the prospect of harsher scrutiny of its bottom line and of its chief executive, Elon Musk. In the past, analysts, investors and even admirers of the company were sometimes willing to overlook quarterly losses and missed targets because of the persuasiveness of Mr. Musk’s long-term vision.But his erratic course over the past few weeks…

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In a Shift in Driverless Strategy, Uber Deepens Its Partnership With Toyota

SAN FRANCISCO — Since Uber started a self-driving car program in 2015, it has insisted on developing its own driverless technology and operating its own fleet of autonomous vehicles.Now the ride-hailing company is starting to shift away from that own-it-all strategy.Uber is receiving a new $500 million investment from Toyota, which would value the company at $72 billion, according to a person briefed on the deal, who was not authorized to speak publicly. With that investment, Uber plans to provide its self-driving technology to a fleet of Toyota minivans, which may be operated by the Japanese automaker or a third party, the companies said in a joint…

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Elon Musk Wants to Take Tesla Private. Can He Make the Math Work?

What’s that about SpaceX?The Times reported that people involved in the process are evaluating how SpaceX, Mr. Musk’s privately held rocket company, could help bankroll a deal for Tesla. SpaceX was valued recently at $21 billion, and Mr. Musk owns about half the company. SpaceX is believed to be profitable and have cash on hand. But a person familiar with the company’s finances, who was not authorized to speak publicly on behalf of the company, said it does not have so much cash that it could contribute a meaningful stake to a buyout of Tesla. Another, more likely maneuver would see Mr. Musk sell some of his…

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Elon Musk Details ‘Excruciating’ Personal Toll of Tesla Turmoil

Elon Musk was at home in Los Angeles, struggling to maintain his composure. “This past year has been the most difficult and painful year of my career,” he said. “It was excruciating.”The year has only gotten more intense for Mr. Musk, the chairman and chief executive of the electric-car maker Tesla, since he abruptly declared on Twitter last week that he hoped to convert the publicly traded company into a private one. The episode kicked off a furor in the markets and within Tesla itself, and he acknowledged on Thursday that he was fraying.In an hourlong interview with The New York Times, he choked up multiple times,…

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Wheels: As Cars Collect More Data, Companies Try to Move It All Faster

Cars need to get faster — not on the road, but on the inside.Speed has always been part of the mystique of the automotive business. But cars have been notoriously slow when it comes to handling information. It is a problem that has only become more pressing as the era of autonomous vehicles looms, with competing interests racing to be the first with a solution.Cars have long relied on a relatively simple network standard called the CAN or Controller Area Network bus. The CAN bus coordinates all the microprocessors and electronic control units, or E.C.U.s, that need to trade engine, powertrain, and diagnostic information, transmitting details like…

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Elon Musk Says Meetings With Saudis Preceded Tweet on Taking Tesla Private

Elon Musk, Tesla’s chief executive, said on Monday that he had held meetings with representatives of a Saudi sovereign wealth fund who expressed an eagerness to help him take the electric-car maker private.Writing in a post on Tesla’s corporate blog, Mr. Musk offered his fullest explanation yet for what he said were the circumstances behind his Aug. 7 message on Twitter that he was “considering taking Tesla private at $420” and had “funding secured.” The post sent Wall Street scrambling for more information.In the blog post, Mr. Musk said the Saudi fund had approached him several times about taking the company private as part of the country’s…

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