Tesla
China: Tesla vehicle out of control and runs over two people
A Tesla Model Y car burst out of control in Chaozhou, Guangdong province on November 5. The driver was preparing to park it in front of his store, however, the vehicle would not respond and began accelerating rapidly. The Tesla traveled about a mile and a half before slamming into a ...
What are Beijing officials afraid of? Tesla cars banned in Baidaihe in July and August
On June 20, Reuters reported that Beidaihe would ban Tesla cars from entering this district from July 1 to August 31. The reason is that the Chinese Communist Party's top leaders will be here, and the so-called "summer summit" will be held here. It is reported that a Tesla's electric car is equipped ...
Xi visits Sichuan: Tesla cars restricted; multiple earthquakes hit the province
A few days ago, when Mr. Xi Jinping visited Sichuan, Chinese netizens echoed that local police took measures to prevent Tesla electric cars from entering the Chengdu urban area, which has made the general public concerned. According to the Chinese government website, General Secretary of the Communist Party of China Xi ...
Expert: Why Elon Musk may not be a friend to Beijing
Eccentric billionaire Elon Musk is being criticized for opening a Tesla Electric Automotive Company showroom in China's Xinjiang province. The region is notorious for its massive detention centers, forced labor, and other human rights abuses. Many taunt Musk as another prominent businessman who values profits over moral principles. The latest were ...
‘Tesla baby’: Pennsylvania mother gives birth while vehicle drives on autopilot
A pregnant woman in Pennsylvania gave birth in a Tesla after her husband put the electric car on autopilot and helped her in giving delivery before they arrived at the hospital. The nurses then nicknamed Keating and Yiran Sherry's newborn girl "Tesla baby" after the incident.Yiran and Keating Sherry of ...
Tesla CEO Elon Musk tweets ‘thinking of’ leaving his job, to become an influencer
Elon Musk, CEO of Tesla and SpaceX, once again mentioned the possibility of quitting his job on Thursday, Dec. 9. The world's wealthiest man said he is "thinking of" resigning from his current position and becoming an influencer. "Thinking of quitting my jobs & becoming an influencer full-time wdyt," Musk tweeted ...
The Chinese Communist Party is looking for a way to push Musk out of China when they get what they want
On Dec. 3, the State Administration of Market Supervision of the Chinese Communist Party announced that it had asked Tesla Shanghai to recall 21,599 Model Y vehicles made in China because Tesla's design is unsafe for users.When the news broke, Tesla's stock price plummeted 6.42%.On Dec. 4, according to the ...
‘One star review on Yelp’: Elon Musk responds to JPMorgan unless dropping lawsuit
Elon Musk, the CEO of Tesla, responded to JP Morgan Chase's $162 million lawsuit by threatening the nation's largest bank with a "one-star review on Yelp." According to the lawsuit, JPMorgan accused Musk's electric vehicle business Tesla of stiffing the bank on a trade that JPMorgan helped arrange in 2014, filed ...
J.P. Morgan sues Tesla over a warrant dispute following Elon Musk’s 2018 tweet
J.P. Morgan is filing a legal challenge against Tesla for allegedly violating a contract related to stock warrants after its share value increased. Filing the complaint in a Manhattan federal court, the bank accused Tesla of default and demanded $162.2 million. According to the document, J.P. Morgan bought warrants from Tesla that ...
Twitter poll supported Elon Musk selling 10% stake in Tesla
A majority of Twitter users voted in favor of Elon Musk offloading 10% of his Tesla stock to pay tax in a poll. It concluded on Sunday, Nov. 7, one day after being launched, and the survey revealed 57.9% of around 3.5 million respondents wanted Musk to sell off more than ...
Evergrande to sell start up Protean to EV maker Bedeo in an attempt to pay off its heavy debt
Bloomberg reported that China Evergrande Group’s automotive unit is selling the U.K. startup Protean Electric to e-mobility company Bedeo as part of the developer's asset sales plan to pay its down debt. The divestment by China Evergrande New Energy Vehicle Group Ltd. (Evergrande NEV) was announced in a statement later confirmed ...
Tesla moves head office to Texas as Elon Musk dissatisfied with California
Tesla CEO Elon Musk announced on Thursday, Oct. 7, that the company would relocate its headquarters from California to Texas, following the similar moves by Oracle and Hewlett Packard. At the company’s shareholder meeting, Musk said Tesla is moving the head office from Palo Alto, California, to Austin, Texas, CNBC reported. Despite the ...
Tesla driver dead in freeway crash posts video with no hands on wheel
Investigators are looking into if Tesla's Autopilot mode was "a contributing factor" in the death of a driver killed in a California crash who shared a clip of himself driving without his hands on the wheel. Steven Michael Hendrickson, 35, a father of two, died when his Tesla Model 3 collided ...
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
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