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Elon Musk Tells Investors He’ll Pause on Tesla Stock Sales

Tesla CEO Elon Musk says he won’t sell any more shares in Tesla for 18 months or more, likely an attempt to comfort shareholders of the electric vehicle company who have watched the stock lose nearly half of its value since Musk’s purchase of Twitter went through in October.

December 23, 2022
GovernmentBusiness

House Passes $1.7 Trillion Spending Bill to Avert Shutdown

WASHINGTON — A $1.7 trillion spending bill financing federal agencies through September and providing more aid to a devastated Ukraine cleared the House on Dec. 23 to avoid a partial government shutdown.

December 23, 2022
GovernmentBusinessTechnologySafetyAutonomous

NHTSA Investigates Automated Driving System Use in Two Tesla Crashes

The U.S. government’s highway safety agency said Dec. 22 it will send teams to investigate two November crashes in California and Ohio involving Teslas that may have been operating on automated driving systems.

December 22, 2022
GovernmentBusiness

Senate Passes $1.7 Trillion Bill, Avoids Government Shutdown if House OKs

The Senate passed a massive $1.7 trillion spending bill on Dec. 22 that finances federal agencies through September and provides another large round of aid to Ukraine.

December 22, 2022
GovernmentBusinessEquipment

Senate Panel Probes Carmakers’ Ties to Forced Labor in China

The Senate Finance Committee is launching an investigation into whether major automakers such as Ford Motor Co., General Motors Co. and Tesla Inc. are using parts made with forced labor from the Xinjiang region of China.

December 22, 2022
GovernmentBusinessTechnologyAutonomous

GM’s Cruise Expands Robotaxi Service Despite Federal Safety Probe

General Motors Co.’s Cruise unit started offering rides with its self-driving taxi business in two more cities, expanding beyond San Francisco with cars now operating in Phoenix and in Austin, Texas.

December 22, 2022
BusinessTechnologyEquipmentAutonomous

Hong Kong Airport’s Robobus Offers Glimpse of Driverless Future

Hong Kong International Airport says it’s ready to use driverless buses, confident it can shuttle passengers around the aerodrome starting next year after extensive trials years in the making.

December 22, 2022
GovernmentBusiness

GDP Grew 3.2% in Q3, an Upgrade From Earlier Estimate

Shrugging off rampant inflation and rising interest rates, the U.S. economy grew at an unexpectedly strong 3.2% annual pace from July through September.

December 22, 2022
BusinessLogistics

Amazon Builds Last-Mile Shipping Facility in Montana

Amazon .com Inc. is creating its first big foothold in Montana with a last-mile shipping delivery facility for the entire state, Gov. Greg Gianforte announced Dec. 16.

December 22, 2022
GovernmentBusiness

Oversight to Dominate House Republicans’ Agenda in 2023

An in-depth examination of the Biden administration’s funding priorities and policy proposals is expected to be the focus of House Republicans in leadership roles in 2023.

December 22, 2022

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