Tesla to raise money after painful 1Q, and Musk is buying in

Business 05/02/19, 07:22

A week after posting a huge first quarter loss and saying the company needs to raise cash, Tesla is doing just that and CEO Elon Musk will buy $10 million worth of stock in an $1.5 billion offering of shares and convertible notes.Tesla said Thursday that it's offering $650 million ...

Tesla wants to cut size of board from 11 directors to 7

Tech 04/20/19, 12:43

Tesla plans to cut its board of directors from 11 to seven in a move the electric-car maker says will allow the board to act more nimbly and efficiently. Tesla says the four directors who will depart aren't leaving because of any disagreement with the company. The board has come under closer ...

Tesla unveiling Model Y SUV, expanding into popular segment

California 03/14/19, 23:33

Tesla is unveiling its newest vehicle, the Model Y, an SUV that the automaker hopes will win over consumers looking for an all-electric alternative in the most popular segment of the auto market.CEO Elon Musk was to introduce the Model Y Thursday night at a gathering of customers, employees and ...

Update: Hedge fund CEO ensnared in scandal steps down

California 03/13/19, 07:26

The Latest on a college admissions bribery scandal that has led to charges against coaches and celebrities (all times local):8:25 a.m.The head of a Silicon Valley hedge fund who became ensnared in a massive college bribery scandal is stepping down.Gregory Abbott, founder and chairman of International Dispensing Corporation, leaves after ...

Colleagues of Kavanaugh accuser point to her integrity

U.S. 09/19/18, 01:10

PALO ALTO, Calif. (AP) — Her studies first brought her West, but for Christine Margaret Blasey Ford, the move to California proved a way to leave behind what had gone wrong in her teenage years in the patrician suburbs of Washington, D.C.

Tesla says it has turned over documents to feds

Tech 09/18/18, 09:02

Tesla Inc. has turned over documents to the U.S. Justice Department after statements by CEO Elon Musk about taking the company private, the electric car maker confirmed Tuesday.The Palo Alto, California, company cooperated with the request and believes the matter should be resolved quickly once federal prosecutors review information they ...

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