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Iln Musk sells Tesla stock for 7 billion Iln Musk sells Tesla stock for 7 billion

Electric Cars

Iln Musk sells Tesla stock for $7 billion

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According to The Wall Street Journal, citing US regulators, Tesla CEO and largest shareholder Elon Musk has sold nearly $7 billion worth of Tesla shares.

This comes amid uncertainty over the fate of his $44 billion Twitter deal. He sold the shares in case the court ordered him to buy Twitter, so as not to rush to sell the assets at a reduced cost, the publication believes. The shares were sold between Friday and Tuesday, leaving him with about 15% of the company’s shares.

Iln Musk sells Tesla stock for $7 billion

At the end of April, Elon Musk sold $4 billion worth of Tesla shares amid an agreement with Twitter management to buy the company. In July, the entrepreneur refused to buy a social network due to the fact that Twitter, according to him, hides the real information about the number of fake accounts on the social network.

Twitter sued the billionaire for refusing to complete the deal. On August 6, the businessman said he was ready to make a deal if Twitter provided full information about the number of bots on the social network.

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Electric Cars

Tesla Roadster at the minimum. Chinese startup China Car Custom, in which Xiaomi has invested, introduced the SC-01 electric sports car for $42,000

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Tesla Roadster at the minimum Chinese startup China Car Custom

Chinese startup China Car Custom has unveiled the SC-01 (Sport Car 01) electric sports car. Deliveries of the car will begin in the fourth quarter of 2023, but the price is already known: it is 300,000 yuan, or about $42,000.

Tesla Roadster at the minimum.  Chinese startup China Car Custom, in which Xiaomi has invested, introduced the SC-01 electric sports car for $42,000

The design of the electric car is interesting. If the model received an original look from the front, then in profile the SC-01 has direct intersections with the first Tesla Roadster. But the view from the stern is even more interesting, as the features of the Lancia New Stratos are guessed in it. Dimensions: 4085 x 1820 x 1162 mm. Wheelbase – 2500 mm, weight – 1300 kg. There are no interior pictures yet.

Tesla Roadster at the minimum.  Chinese startup China Car Custom, in which Xiaomi has invested, introduced the SC-01 electric sports car for $42,000

SC-01 is an all-wheel drive car: there are two electric motors with a total power of 435 hp. Up to 100 km / h, the car accelerates in 3.9 seconds. The maximum speed and battery capacity have not yet been disclosed, but the cruising range is known – up to about 500 km on a single charge.

Tesla Roadster at the minimum.  Chinese startup China Car Custom, in which Xiaomi has invested, introduced the SC-01 electric sports car for $42,000

China Car Custom was founded in 2014 and has been tuning various models like the Porsche 911 and Mitsubishi 3000GT until now. In addition, she has collaborated with a number of racing teams to help tune the cars, and recently secured financial support from Xiaomi, which allowed her to become a full-fledged automaker.

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Electric Cars

Ford has developed a new unique way to reduce the turning radius of the car

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Ford has developed a new unique way to reduce the

Ford has come up with a new solution to reduce the turning radius of cars. If other companies add a steered rear axle, then Ford suggests reducing the turning radius by changing the torque on individual wheels.

The manufacturer has already filed a corresponding patent application with the United States Patent and Trademark Office (USPTO). The description of the patent says that a special controller will monitor indicators such as steering angle and wheel speed, thereby determining the need to reduce the turning radius. Ford calls this feature “turn assist mode.”

Ford has developed a new unique way to reduce the turning radius of the car

When this mode is activated, the system reduces the torque transmitted to the rear inner wheel and sends more torque to both front wheels. Torque reduction for the rear wheels can be achieved by braking, and therefore the system can be used, including for front-wheel drive vehicles.

It is not yet known when such a system will be implemented in Ford production vehicles. It is quite possible that the development will not reach the stage of commercialization.

Ford has developed a new unique way to reduce the turning radius of the car

Ford previously announced the development of a new safety system that will allow cars to automatically slow down where there is a high likelihood of accidents involving pedestrians or cyclists.

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Electric Cars

Ford Suspended Car Deliveries for an Unusual Reason – Not Enough Logos

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Ford Suspended Car Deliveries for an Unusual Reason Not

Ford is facing an unusual shortage. The auto giant has run out of nameplates, delaying deliveries, according to Carsoops, citing The Wall Street Journal.

Ford Suspended Car Deliveries for an Unusual Reason - Not Enough Logos

According to sources, Ford had to delay deliveries of some car models because the company did not have enough of its logos and model nameplates. The shortage affected some important models for the American manufacturer, including F-series pickups.

Ford management looked for alternative solutions, but finding them turned out to be more difficult than one might think at first. In particular, the manufacturer tested 3D-printed logos as a temporary solution, but in the end, the company abandoned this idea, since such nameplates turned out to be of poor quality.

Tribar Technologies, which supplies exterior trim to Ford and many other manufacturers, was reportedly forced to halt production in August after dumping industrial chemicals into the local sewer system. According to the source, the release did not cause significant harm to the environment and at the moment Tribar is operating at full capacity. However, the suspension of production may well have been the cause of the shortage faced by Ford.

The other day, Ford said that by the end of the quarter, the company will have between 40,000 and 45,000 new vehicles in stock that cannot be shipped to dealers due to a shortage of parts. In addition to the shortage of nameplates, the manufacturer is in dire need of chips and other important components. According to analysts, supply problems may persist until 2024.

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