Breaking News Stories
Walmart has sued Tesla, saying solar panels supplied by the electric carmaker were responsible for fires at about seven of its stores. The fires destroyed significant amounts of store merchandise and required substantial repairs, totaling hundreds of thousands of dollars in out-of-pocket losses, according to a lawsuit filed in a New York court on Tuesday. […]
Continue ReadingLaunched with the intention of being Tesla’s first mass-market electric car, the new Model 3 is smaller and simpler than the other vehicles in the Californian carmaker’s stable. And according to Tesla, the new saloon is the “more affordable” of the range – though with a starting price at just under £39,000, many would query […]
Continue Reading
Tesla plans to have a fleet of robotic taxis roaming the streets without drivers next year, Elon Musk has said. The claim is just the latest in a series of exciting pronouncements from the chief executive, who has repeatedly missed his own targets. But he has bet a considerable part of his business on the […]
Continue Reading
Tesla has removed its entry-level $35,000 Model 3 from online sale just weeks after launch. Chief executive Elon Musk has long touted the standard Model 3 as a watershed for the electric car industry that will bring the technology to the mass market. But the company has struggled to figure out a way to sell it at […]
Continue ReadingThe Tesla billionaire Elon Musk is in “clear violation” of a restraint issued by the US’s top financial watchdog after Musk inaccurately claimed last year he had a buyer for the company, a court heard on Thursday. A federal judge in New York heard oral arguments in a lawsuit brought by the Securities and Exchange […]
Continue ReadingJames Murdoch is the favourite to take over the chairmanship of volatile electric-carmaker Tesla from its embattled founder, Elon Musk. The son of newspaper, satellite TV and movie studio tycoon Rupert Murdoch is now the lead candidate for the Tesla chair, the Financial Times reported on Wednesday, citing two people briefed on the discussions. Musk […]
Continue ReadingShares in Tesla fell after chief executive Elon Musk mocked US regulators in a tweet just days after reaching a multimillion-dollar settlement over alleged securities fraud. Mr Musk poked fun at the US Securities and Exchange Commission (SEC), referring to it as the “Shortseller Enrichment Commission” in a tweet on Thursday night, in reference to the […]
Continue ReadingTesla’s CEO, Elon Musk, mocked the US Securities and Exchange Commission on Thursday, hours after a federal judge ordered him and the regulator to justify their settlement of securities fraud charges. “Just want to that the Shortseller Enrichment Commission is doing incredible work,” Musk, a frequent critic of investors betting against the electric car company, […]
Continue ReadingTesla close to achieving profitability, says CEO Elon Musk Amid a slew of controversies surrounding Tesla CEO Elon Musk, there comes some good news for the electric-car company’s investors and staff as the tech billionaire has now said that the company is close to achieving profitability. In emails to Tesla staff, Musk said that if […]
Continue ReadingElon Musk is to step down as chair of Tesla for three years and pay a fine after reaching a deal with the US financial regulator over tweets he made about taking the firm into private ownership. Under the settlement Musk would remain as chief executive but must leave his other post within 45 days. […]
Continue Reading