4 Burst results for "Tim Higgins Tim"
Elon Musk Says Tesla Suing California County, Moving Headquarters Out Of State
"Week. California started phasing in the reopening of business including manufacturing so when that was announced Tesla CEO Elon. Musk sent out a memo to ten thousand employees at a factory in Alameda. County telling them to come into work the next day but just a few hours after that memo the local government in Alameda County said not so fast they were keeping tighter restrictions in place and Tesla's factory was not allowed to open yet in response. Tesla sued and Monday. Musk said they're opening their factory. Anyway here to tell us all about this lawsuit and what it could mean for businesses and governments across the US is our reporter. Tim Higgins Tim. Thank you so much for being here. Thank you all right. Let's start with Tesla. What is Tesla arguing in this suit? One of the things that you must angry about is that The California state government has to open up again including manufacturing and he's arguing that essentially that the local government has overstepped its authority by saying that. Tesla's factory cannot reopen that. The governor's office allowing for the state to reopen and that the US constitution allows for these sorts of things so really Arguments at the county. Government is overreaching and then he made a comparison to another facility. That is a nearby county. What's his argument? There Tesla has its has one assembly plant in the US but it has a number of facilities around California that help with the business. And there's a factory that is not that far from the assembly pant that has in a different county and the people there are not facing the same kind of shelter in place restrictions. Tassels reason the question of why are why isn't a uniform wise? They're pointing to figures. They say indicate that the rate of infection is very similar Why is one place stricter than the other so? Musk actually went a step further and reopened TUSLA yesterday. Right surprising a lot of people Monday. Tweeting out that He was opening the factory starting production that day in fact he said he's going to be on the assembly line and that if the police show up to arrest people he should be the one that's arrested so let's just back up a little bit. This sets tesla apart from many of its tag counterparts right. I mean facebook and others have announced that they're not bringing employees back to the office for months. Why is Elon? Musk and tesla wire. Wise Tusla's taking such a big stand here exactly facebook and Google and others. They can largely do their work at home on computers. Were Tesla makes cars. It needs an army of workers in the factory banging on metal to build these vehicles so they can sell them and without the Fremont Factory Online. It doesn't have anything to sell here in the US eventually. The cars that they made prior the shutdown. They're not gonNA have anything. So if Tesla is going to take advantage of any potential economic rebound that something might occur in the months to come as the country learns to live with the Corona virus. It needs cars. The shutdown came at a bad time for Tesla. It was just a ramping up. Production of its newest vehicle. The Model Y Compact Sport Utility vehicle is a vehicle that Elon. Musk has said could be. The company's top seller analysts expected to do very well. It's a good segment for this kind of vehicle and really there was a lot of enthusiasm among investors about the year ahead and so what the Krono virus has done is essentially. Put everything on ice and The problem for you on musk. Is that this. Factory has been sitting Essentially vacant for weeks. Now and he needs the lifeblood of the company to kick back on. I guess comparing to facebook isn't quite fair. I mean the better comparison might be to other. Automakers what are we seeing Michigan do for example and how our automakers they're responding. That's some of the frustration that musk has been. Venting is that Michigan announced last week and then that they were bringing manufacturing back online this week so Monday. As Yuan is sitting there unhappy that his factory is an open open. Places in Michigan could come back online and he knows his competitors have already announced. Gm for Chrysler others that they're kicking up production GM and Ford. They're a scheduled to start assembly vehicles again next Monday and here in California. That's that's not the case so elon. Musk has taken it another step further. He also has threatened to move production out of California altogether. He's saying maybe to Texas. What kind of impact could his departure have on? The state would smell something that can happen. Overnight it's not as simple as picking up his tools and going to Texas and starting to make cars and a new factory I. It's much more complicated. And it's something that probably would take years to do but the effect would be dramatic. Tessa wouldn't be the first car company to pull out of California Toyota. Its headquarters for the US. North America used to be based on your La and they pulled out over the course of several years starting in two thousand fourteen and they went to Texas because in emerged part it's cheaper to operate their California had just gotten to expensive the factory that Tesla owns and California used to be a factory that was jointly operated by General Motors and Toyota in when GM wind bankruptcy left to Toyota and Toyota. Didn't want to didn't want to be there anymore. I wanted to go to someplace. Cheaper the state of California has in recent generation or so struggled to keep a car manufacturing and the Fremont factory the fact that Tesla was able to buy in two thousand ten and resume making vehicles there in twenty twelve was seen by the the region him by Government officials is a huge win and is something very important for the economy states. Local leaders across the country prize car factories. These are things they want. It means jobs. It means economic investment. It means all the and things that go with with that so it's not just the car factory it's the suppliers and the ecosystem that creates and brings into the community so this kind of threat in some ways was almost going nuclear to say that he was going to pull out of of the state now a lot of people are saying or asking was was just because he lost his temper. And and that sort of thing. Well we'll see. He has said on twitter that he's not messing around and he's taking this very seriously. Some of this of course is also. He's in essentially negotiating in public. He's trying to push put pressure on on the local government to allow him to open up. Yeah I mean it's it's a very public lobbying effort if you can call it that I think the interesting thing is. We'VE SEE BUSINESSES. Do this all the time time right to get tax incentives or or other deals but in this case it's public health interests that are at stake. How HAVE OFFICIALS IN ALAMEDA? County responded to this very open threat And is the pressure that he's putting on them seeming to impact their decisions to reopen at all whether the mayor of Fremont put out a statement saying that she supports Tesla and the Mayor of Palo Alto or the company's headquarters is located. Put out a statement over the weekend about their support for the company. It's a tough position for some of these elected officials They want to see the company. Back Open. They want to see businesses back. Open him yet. Some are also weighing the health ramifications. Several people have died in the county from Kovic Nineteen and they have reported More than two thousand cases of Govan Nineteen and so the concern among county leaders is that they're not sure if there's going to be a spike as they start to re phase in business activity and they'd like to see it play out a little bit longer and be prepared and the idea of ten thousand people coming into a facility is concerning and so they have been working with the company to make sure that the safety protocols in place and the Tesla has Publicized some of these. Things are what they're working on. And that's where the standoff here is. It's not when we're unique to test so there are lots of places and companies around the country who are frustrated and want to get back to the way things were and we've seen state by state by state Different ways of handling this. But there's probably no higher profile company in the US The take this kind of stand to to sue the local authorities and to Defy a local shutdown order. Well we wouldn't expect anything else from Elon. Musk I guess. Our reporter Tim Higgins. Thank you so much for joining us. Thank you
Tesla Rallies on Plans to Raise Capital
"Electric car company. Tesla is seeking to raise as much as two point three billion dollars through stock and bond sale. The effort comes after tesla suffered one of its worst quarterly losses ever with its cash on hand falling by more than forty percent to two point two billion dollars. Joining me now via Skype from San Francisco with more details is Wall Street Journal. Reporter Tim Higgins, Tim tesla. CEO Elon Musk heads signal during last month's earnings, call oh new willingness to consider raising capital which marked something of a reversal for him. What can you tell us about the company's current plans to raise money, you're almost has really been against the idea of raising more money. The plan is he'd laid it out was that the company was started to produce the model three the compact sedan at a rate that they could start selling them in generating the money, the company need for its vicious growth plans and would need to raise money, and that's been kind of a key pillar that he's kind of laid out. There for a while. But the first quarter didn't turn out the way that the company expected and really was a lot worse than analysts had intimidated and ate into a big chunk of that cash. So it yet again created this pressure point on the company about where their cash was going to be at the end of of coming quarters and would they have enough money without raising again. So you knew willingness to raise money in this effort to raise two point three billion dollars should alleviate some of those concerns in the near term. And if if Tesla's projections are correct that they'll become cash flow positive again and start to turn a profit in the third and fourth quarter. Then you could really start to see kind of a turning down of that pressure. What is tesla said about fixing the problems it had regarding deliveries of the model three in the first quarter? We did hear on that earnings call that tesla doesn't expect a profit in the second quarter. You mentioned that they. Do expect in the third and fourth. But what about those delivery problems the challenge in the first quarter was that tesla has one assembly factory, and that's in California, and it was sending the model three to Europe and China for the first time, and it ran into more delays in anticipated and weren't able to get the cars into customers hands
"tim higgins tim" Discussed on WSJ Tech News Briefing
"Here's a fetal heart rate, and in utero, kicks all told five hundred and eleven companies this year are registered as zippers in digital health category. That's up from four hundred seventy two last year coming up Alon Musk's brand new China factory aims for its first tesla this year. Tesla was the first foreign automaker to take advantage of a rule change allowing foreigners to own their China. Business fast forward to the construction of a new China factory, the first wholly foreign owned car plant in the country with the ceremonial groundbreaking at the plant east of Shanghai this week. Tesla CEO Elon Musk was on hand at the two hundred ten acre site to press a button to switch on the plant, which is at the moment a field and that button was indeed pressed just wait. Because Mr. musk said he aims to build a plant in quote unquote, record time, let's talk about what we know. Joining us now actually from C E S in Las Vegas, because by the way, that's happening is Wall Street Journal reporter, Tim Higgins, Tim. Hi now have to ask your right there. In the thick of it, all what is new and exciting by way of the automotive deck world, become largely an automotive show a place where car companies. And car parts makers talk about what their vision for the future is in a way that helps drive. What customers are thinking around the next corner. So talk the by Toyota about the way, they think that a ton of driving by works demonstration by Audi about how they think entertainment in the car might be in the future really an opportunity for the industry to say, this is kind of our best guess on the way, we think things are going to go. That's a nice little teaser their ten. Thank he will be covering all kinds of CAS stuff this week on the podcast, but turning to the news of this Chinese factory. It's been said we've been saying it on the podcast. Tesla needs to make cars. A big new factory..
Waymo CEO says its tech would have handled Uber self-driving incident safely
"What's news from the Wall Street Journal, top stories and timely insights. I'm Charlie Turner in New York. We've learned more about the test operator of an Uber self driving car involved in a fatal accident. It's reignited a debate about autonomous vehicles and their operators more on this in a moment. I hear some top news headlines President, Donald Trump says he signed a one point, three trillion dollar spending measure averting, a government shutdown just hours after saying he was considering a veto Trump has been fuming because the package doesn't include protections for dreamer immigrants and doesn't provide enough money for his promised border wall. But Trump is pointing to major increases in military spending included in the Bill which he said he signed as a matter of national security. However, he issued this warning. There are a lot of things that I'm unhappy about in this Bill. There are a lot of things that we shouldn't have had in this Bill, but we were in a sense forced if we want to build our military, we were forced to have there is something. That we should have in the Bill. But I say to congress, I will never sign another Bill like this again. I'm not gonna do it again. The Bill keeps the government funded through September. China fired a retaliatory shot against the US Friday announcing plan tariffs against three billion dollars of American goods. Beijing said, is readying more actions against the Trump administration's proposed penalties on Chinese exports, President Trump Thursday, announced tariffs on as much as sixty billion dollars of Chinese products, a gunman demanding the release of the only surviving suspect of the two thousand fifteen Paris terrorist attacks killed three people Friday in a supermarket assault in southern France. Before he was shot dead by police. The attack in the town of trips has been described as a terrorist attack and has the latest in a string of attacks across Europe. In recent years back in the US government said, new home sales fell point, six percent in February while orders for durable goods rose, three point, one percent last month that was the strongest gain since June. Two thousand seventeen and cloud storage company. Dropbox had a strong debut on Wall Street Friday, opening at twenty nine dollars a share. Well above the twenty one dollars initial public offering price. The stock surge pushed drop boxes market cap above ten billion dollars coming up. We'll talk about the operator involved in an Uber self-driving fatal accident. This is what's news from the Wall Street Journal. Thanks for listening. Everyone. We've learned more about the test operator of an Uber self driving car involved in a fatal crash. Last Sunday Rafael Vasquez was in the vehicle that struck and killed a pedestrian who was walking or bicycle along the side of a road in Tempe, ARizona Vasquez background includes jail sentences and a history of traffic citations. The incident raises numerous questions about Uber testing process for self-driving technology. It's training procedures for drivers. Ober background checks and the viability of self driving technology, throw all that on top of Uber's pass legal woes and. Journal clashes which led to the replacement last year of CEO and founder. Travis kalanick's joining us is Wall Street Journal reporter, Tim Higgins, Tim first, let's talk about Raphael Vasquez. He was a convicted felon wasn't a. Yeah, he was and his offenses fell within the company's standard background check requirements. And he remains an employee at this point of the company, generally screens for criminal violations dating back seven years. And part of this policy gives a second chance to to folks who have made prior bad decisions according to the company and this this involved, I think a an attempted Bank robbery or something, and he was jailed for five years. Pretty serious stuff. Yeah. You received a five year sentence and local county in the little county and for attempted armed robbery in two thousand and serve the sentence concurrently with a one year sentence for false statements in nineteen. Ninety nine. But it also raises questions about the entire program that Uber uses in in that the self-driving industry uses in a lotta ways. This human safety operator is the last line of defense to ensure that the robot car doesn't do something catastrophic. The person is supposed to be attentive, looking at the road ready to grab the wheel in retake control. If the person becomes concerned about the row conditions, or if the robot starts to do things that don't seem right, or there's just some perceived danger. I've been in a lot of these cars for different companies, and everybody goes about it a little bit differently. Some really pushed their safety operators to be very diligent. I remember I was in a General Motors vehicle and San Francisco through their unit called cruise automation, which is developing self driving software. And I watched the safety operator and he kept his hands almost touching the wheel. I could hear the wheel moving between his fingers and he wasn't applying torque to turn the wheel. But he was there basically almost ready to grab it if need be. And that's part of the company's policy. In fact, it was at some point hard to know if he was driving the car was driving, and I had to ask the the, the folks that were giving me the demonstration and look at the computer to see because it was just he was that attentive to to what was going on. Compare that to some other scenarios that I've seen from other companies and some keep their hands on their laps, which you know maybe doesn't give enough time others keep it close to the wheel. I, it just kind of goes, goes a wide range of how these things go. And and we see with Uber programs that there's a wide range of who's allowed to be a safety operator, not a lot of companies wanna talk about this right now. But if you look at job ads, for example, you look at General Motors, cruise automation job ads, and and they're looking for a clean background check through for criminal and driving. And so it raises the question of why Uber was allowing this person behind the wheel, Tim heaven, video shown that a lot of these operators attentions tend to wander after a while. I think one video showed somebody she was paying attention for a while and then ended up doing or makeup. Yeah. When Google was first experimenting and testing with the idea of self driving cars. This was a number of years ago they put together several vehicles and give them to employees is to to commute to work, and they told their employees that you still have to be paying attention in. You might have to take control the vehicle and there's a camera in this car. We're going to be watching it. You need to stay vigilant. And what they found was people became very quickly accustomed to the vehicle driving, and then. They started doing other things that really horrified the the executives Google, including they saw through the video, one of their people sleeping one woman putting makeup on just general things that clearly indicate. They weren't paying attention to the driving situation and the yanked the program and really pivoted their development towards the idea of needing to be fully automated, that they couldn't put a commercial product in the road for a consumer to have that would be partially automated that it needs to be need to be humanness. So that's what they're working. And they've started deploying here in Phoenix where I am in the Phoenix area completely driverless cars, and they expect to have a robot taxi service commercially available later this year. But there's still this, this challenge the industry, and even even in Google, which is now known as Waymo for their self driving out for they still face this challenge of needing to test. Before the robot is fully capable of doing things. So there in between this rock in this heart place where they need to put the technology on the road to see if it works and they need to have a human behind the wheel, and but also, you know, the the humans are fallible and so we, we look at some of the people out there doing this. They have very stringent policies for their their safety operators, e- your sleep and sleep. You need to pull over and wake yourself up rules against using cell phones in the vehicle, these sorts of things. And and really one of the industry, there is no industry requirements or standards per se, but there is a kind of commonality that we have found across a number of these players. And that's that going to in the early days of testing, you're most likely to see the engineers who are most involved in developing this technology in the vehicles because they know what's going on and they're, they're trying to figure things out and is the program becomes more mature. Most of these companies wanna start getting more road mileage and more exp-. Experiments and more experience, and they expand their fleets to more to a more general driving employee base. Maybe people who aren't engineers, for example. And so they tend to have two people. One is the driver behind the wheel, ready to take control. And the other is in the passenger seat who's monitoring the the system software to try to understand what the car is seeing into helps look at the road and a lot of ways some industry in observers kind of look at this is to people are there to also kind of monitor each other to make sure that the team is working the way it's supposed to be almost like if you look at modern airplanes, these things are highly automated in some would say, perhaps you only need one person there to oversee the machine. But we insist on having a co pilot and pilot really their tobacco each other up. And so what we've seen as the autonomous cars get further and further along. They get more mature in the case of Waymo. For example, after years and years of using to safety operators, they began to in two thousand fifteen to to go to having perhaps one operator in a vehicle for more routine things, but still going to to operators when maybe they would be testing new hardware new software or driving in a new area that they didn't have experience with. But for now, Ober has suspended testing of self driving vehicles during the investigation of this accident. That's correct Wall Street Journal reporter, Tim Higgins. Thanks a lot, Tim. Thank you. And that's what's news. I'm Charlie Turner at the Wall Street Journal.