Tesla gears up for fully self-driving cars amid skepticism
Tesla CEO Elon Musk appears poised to transform the company's electric cars into driverless vehicles in a risky bid to realize a bold vision that he has been floating for years.The technology required to make that quantum leap is scheduled to be shown off to Tesla investors Monday at the ...
Musk’s lawyers say tweet complied with SEC fraud settlement
Tesla CEO Elon Musk should not be found in contempt of court because he has complied with the terms of a securities fraud settlement, his attorneys wrote in documents filed Monday night with the U.S. District Court in Manhattan. Musk's lawyers wrote that a Feb. 19 tweet merely restated prior disclosures ...
After years of promise, battery cars about to go mainstream
For years, there have been lots of electric cars proudly rolled out at auto shows but few on the streets or at dealers. That could be about to change. The electric cars under the lights at the Geneva International Motor Show promise to be the leading edge of more affordable, longer-range ...
Spacex reportedly to lay off about 10 percent of workforce
In June, Elon Musk fired at least seven people in senior management team leading a SpaceX satellite launch project
Tesla breaks ground on shanghai factory
The facility will allow the electric car maker to access the Chinese market without being affected by US-China trade disputes
Could Tesla price cuts mean demand is slowing?
Tesla made about 9,300 more vehicles than it delivered last year, raising concerns among industry analysts that inventory is growing as demand for the company's electric cars may be starting to wane.If demand falls, they say, the company will enter a new phase of its business. Like other automakers, Tesla ...
Tesla shares drop on price cut, disappointing model 3 deliveries
Analysts question whether $2,000 price cut on all models signals lower demand in United States
Tesla sets up Shanghai financial leasing unit as China plans accelerate
The California-based carmaker has opened a wholly-owned financial leasing unit in Shanghai’s free trade zone with registered capital of $30 million, according to China’s National Enterprise Information Publicity System
Report: FBI conducting criminal investigation into Tesla
A published report Friday said the FBI is conducting a criminal investigation into whether electric-car maker Tesla misled investors by overstating production forecasts for its Model 3 sedan. The Wall Street Journal reported that FBI agents have contacted former Tesla employees to interview them. The paper cited anonymous people familiar with ...
Wall Street skeptical of Tesla’s promise to post net profit
Tesla is showing some promising signs that it will make money as advertised in the third quarter, but Wall Street isn't buying it.The electric car and solar panel maker delivered more than 80,000 vehicles from July through September, and CEO Elon Musk told employees late in the quarter that it ...
New Tesla chair must rein in CEO Musk at key moment
It won't be an easy job.Whoever becomes the new chairman of Tesla Motors will face the formidable task of reining in Elon Musk, the charismatic, visionary chief executive with an impulsive streak, while also helping Musk achieve his dream of turning Tesla into a profitable, mass-market producer of environmental-friendly electric ...
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