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Stories tagged: tesla


The ‘rational’ businesswoman picked to temper Tesla’s mercurial Musk

In picking Robyn Denholm to keep Elon Musk in check, Tesla Inc.’s board went with a numbers-first executive who climbed up the ranks of multinationals’ finance departments. Those who know …


U.S. regulators subpoenaed Tesla production data, company says

U.S. securities investigators have subpoenaed information from Tesla about production forecasts for the Model 3 electric car that were made last year, the company acknowledged in a regulatory filing Friday.


UPDATED: Wed., Oct. 17, 2018, 5:48 p.m.

Tesla secures land in Shanghai for first factory outside U.S.

Electric auto brand Tesla Inc. said it signed an agreement Wednesday to secure land in Shanghai for its first factory outside the United States, pushing ahead with development despite mounting …


Tesla faces huge bills in 143 days

One hundred and forty-three days. That’s how much time Elon Musk has till the big bills start coming due in the debt market.


UPDATED: Tue., Oct. 2, 2018, 5:23 p.m.

Tesla 3Q production numbers up but can they be sustained?

Tesla Motors successfully ramped up production of its pivotal Model 3 sedan during the summer, fulfilling CEO Elon Musk’s pledge to work out the manufacturing problems that had raised questions …


New Tesla chair must rein in CEO Musk at key moment

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 …


UPDATED: Sat., Sept. 29, 2018, 3:51 p.m.

Tesla CEO Elon Musk, company settle fraud suit for $40M

Tesla CEO Elon Musk and the electric car company have agreed to pay a total of $40 million and make a series of concessions to settle a government lawsuit alleging …


UPDATED: Fri., Sept. 28, 2018, 7:01 p.m.

Tesla faces a reckoning with CEO Elon Musk’s job in jeopardy

The Tesla CEO who made his fortune and his renegade-genius reputation by bursting through the barriers of conventional thinking faces a humiliating comedown as government regulators try to oust him …


Another hairpin turn for Tesla as stock dives on SEC charge

Tesla investors have taken a wild ride as Wall Street values the promise of one of the world’s leading electric car makers, the hurdles the company faces as it tries …


Criminal investigation could hurt Tesla fundraising and recruitment

The Justice Department is investigating whether public statements made by Elon Musk and Tesla – the electric car company he runs – were misleading enough to constitute criminal fraud, the …


Another day at Tesla: Execs depart, Musk invites controversy

Another executive departure, another controversy over the CEO’s behavior, another stock drop. Another typical day at Tesla.


Tesla stock falls as CEO Elon Musk appears to smoke marijuana on video

Shares of electric car maker Tesla Inc. tumbled about 7 percent as the markets opened Friday after the CEO appeared to smoke marijuana during an interview and the company’s accounting …


Tesla shares slip after company decides to stay public

Shares of Tesla slipped on the first day of trading after the electric vehicle maker said it won’t consider going private after all.


‘Private’ mess: Musk’s credibility goes from bad to worse

First it was the shocking tweet that funding was secured and Tesla may go private, then a statement that the money wasn’t locked down after all. Two weeks later it’s …


Elon Musk tells newspaper he’s cracking under stress of Tesla job

What do you do when your CEO confesses that he’s cracking under the stress of his job? That’s the question that the nine board members of electric car and solar …


Wall Street’s yearning for quick Tesla verdict hits SEC snarl

As the bizarre Tesla Inc. go-private saga enters its ninth day, many investors are wondering when regulators will decide whether Elon Musk broke the rules by dripping out details so …


Tesla forms committee to assess proposal to go private

Tesla is forming a special committee to evaluate proposals to take the company private one week after CEO Elon Musk said he was considering it.


Tesla board moves to explore going private; shareholders sue over Elon Musk’s tweets

Tesla Inc.’s board of directors said Tuesday it was forming a special committee to explore Chief Executive Elon Musk’s desire to take the Palo Alto electric-car maker private even as …


UPDATED: Mon., Aug. 13, 2018, 4:44 p.m.

Musk says he’s talking with Saudi fund to take Tesla private

Saudi Arabia’s sovereign wealth fund would be the main source of money for Tesla CEO Elon Musk’s grand plan to take the company private, but the deal isn’t done yet, …


Tesla CEO Elon Musk taunts short sellers amid legal scrutiny

Tesla CEO Elon Musk used Twitter late Friday to taunt investors who have bet against his company, even though his previous Twitter comments have spurred a government investigation and shareholder …


UPDATED: Thu., Aug. 9, 2018, 4:42 p.m.

Tesla plunges, wiping out tweet-fueled rally in just two days

Exactly 48 hours after Elon Musk triggered a frantic rally with a tweet saying he was considering taking Tesla Inc. private, the stock erased all of those gains.


Report: SEC examining Elon Musk tweets about taking Tesla private

Tesla CEO Elon Musk could be the subject of a new investigation by the U.S. Securities and Exchange Commission following his Tuesday tweet saying he wanted to take the electric …


Doubts grow over Elon Musk’s master plan to take Tesla private

As Tesla’s board of directors rallied Wednesday behind chief Elon Musk’s extraordinary push to take the all-electric automaker private, a growing contingent of investors, analysts and former regulators voiced their …


UPDATED: Tue., Aug. 7, 2018, 6:55 p.m.

Musk says he may take Tesla private and shares roar

Tesla CEO Elon Musk is gearing up to lead a buyout of the electric car maker in a stunning move that would end the maverick company’s eight-year history trading on …


Musk tweets video parody of Hitler ‘shorting Tesla stock’

Elon Musk is struggling with his own pledge to get a better handle on his use of Twitter, posting a version of an Adolf Hitler clip that lampoons fund managers …


Tesla, others help Puerto Ricans go solar amid power turmoil

A scattering of hardware stores, barbershops and corner stores across Puerto Rico are embracing solar energy, trying to wean themselves off a state-owned power company that remains heavily dependent on …


UPDATED: Mon., July 23, 2018, 12:20 p.m.

Tesla stock skids on report it asked suppliers for refunds

Shares of Tesla are down sharply after a report that the company asked suppliers for refunds to help it turn a profit.


UPDATED: Wed., July 11, 2018, 8:10 p.m.

Former Tesla employee blasted by Elon Musk takes battle to SEC, filing whistleblower complaint

Martin Tripp, the fired Tesla technician fighting a corporate legal battle and a war of words with chief Elon Musk, has formally filed a tip with the Securities and Exchange …


UPDATED: Tue., July 10, 2018, 4:10 p.m.

Tesla plans China plant with 500,000 vehicle capacity

Tesla has reached a preliminary agreement with the Shanghai government to build a factory that will rival production from its lone U.S. assembly plant, as Elon Musk takes his biggest …


Tesla makes 5,000 Model 3s per week, but can it continue?

Tesla Inc. made 5,031 lower-priced Model 3 electric cars during the last week of June, surpassing its often-missed goal of 5,000 per week. But the company still only managed to …