Tesla

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Musk Says He Needs a Bigger Stake in Tesla
Musk Demands
More Shares in Tesla
Jan 16, 2024 5:36 PM CST

Musk Demands More Shares in Tesla

He says that without bigger stake, he might take AI, robotics projects elsewhere

(Newser) - Elon Musk sold off part of his stake in Tesla to buy the company formerly known as Twitter—and he wants to get it all back, plus more. In a post on X Monday, the Tesla CEO said that without a compensation plan that gives him around 25% of the...

Tesla Yanks Nearly All Its US Vehicles Over Autopilot Issues

US safety regulators say the company will send out software update to fix problems with 2M vehicles

(Newser) - Tesla is recalling more than 2 million vehicles across its model lineup to fix a defective system that's supposed to ensure drivers are paying attention when they use Autopilot. Documents posted Wednesday by US safety regulators say the company will send out a software update to fix the problems....

Man Allegedly Threatened to Kill People at Cybertruck Event

Prosecutors say Florida man threatened 'mass casualty event'

(Newser) - The arrest of a Florida man may have prevented a "mass casualty event" at Thursday's Cybertruck event in Austin, prosecutors say. According to an arrest affidavit, 29-year-old Orlando resident Paul Ryan Overeem drove from Florida to Texas after threatening to kill people at the event at Tesla headquarters,...

Musk Hails 'Most Unique Thing on the Road'

Tesla says Cybertruck prices will start at $60,990

(Newser) - With manufacturing kinks still to be worked out, Tesla delivered the first dozen or so of its futuristic Cybertruck pickups to customers Thursday, two years behind the original schedule amid uncertainty over when large-scale production will begin. CEO Elon Musk showed off the angular electric trucks in an event at...

Tesla's Latest Lawsuit Targets Swedish Postal Workers

Automaker says that striking postal workers in Scandinavian nation are delaying license plates

(Newser) - Tesla on Monday filed a lawsuit against the Swedish state via Sweden's Transport Agency as striking postal workers in the Scandinavian country halted the delivery of license plates of new vehicles manufactured by the Texas-based automaker. Tesla is nonunionized globally, but the Swedish workers are demanding that the carmaker...

Judge: Evidence Shows Musk Knew About Self-Driving Issues

Lawsuit over deadly 2019 crash will proceed to trial with claim for punitive damages

(Newser) - In what could be a major setback for Tesla, a Florida judge has ruled that a lawsuit over a deadly 2019 crash north of Miami can go to trial with a claim for punitive damages. Judge Reid Scott in the Circuit Court for Palm Beach County said there was "...

If You Try to Resell Your Tesla Cybertruck, Watch Out

Fine print indicates Tesla might sue resellers for $50K

(Newser) - Take a look at the fine print in Tesla's purchase agreement and you may notice a new clause labeled "Cybertruck Only." The first of the automaker's Cybertrucks are on track to be delivered November 30, and apparently Tesla really doesn't want the new owners to...

North American Charging Stations to Get More Cohesive

Hyundai and Kia are outfitting their electric vehicles to be compatible with Tesla's ports

(Newser) - Hyundai and Kia say they're adopting North American Charging Standard ports for their electric vehicles in the US and Canada, which will give the vehicles access to thousands of Tesla Superchargers across the two countries and Mexico, reports the AP . Tesla's Superchargers are coveted by other automakers because...

Lawsuit: Widespread Racial Abuse at Tesla Is 'Ongoing'

EEOC alleges company ignores swastikas, threats, and racial slurs at Fremont factory

(Newser) - The Equal Employment Opportunity Commission is suing Elon Musk's Tesla, alleging "widespread and ongoing racial harassment of its Black employees" and retaliation against those who speak out. The racial misconduct at Tesla's factory in Fremont, California, dating back to at least 2015, "was frequent, ongoing, inappropriate,...

DOJ's Tesla Probe Goes Beyond Alleged Glass House for Musk

Prosecutors are looking at other perks the CEO may have received dating back to 2017

(Newser) - A Justice Department investigation exploring whether Tesla funds were used to build a proposed glass house for CEO Elon Musk is more wide-reaching than previously known and could result in criminal charges. Federal prosecutors in New York are not only investigating other potential personal benefits Tesla provided to the billionaire...

Musk's Son Wasn't Impressed by Gift From Erdogan

Billionaire took boy to meeting with Turkey's president

(Newser) - Sunday was apparently Take Your Kid to Work Day for Elon Musk, who brought 3-year-old son X to a meeting with Turkish President Recep Tayyip Erdogan in New York City on Sunday. Erdogan offered the boy a soccer ball as a gift, though X seemed "unimpressed" with the present,...

The Car-Building Process May Soon Be Upended

Tesla is mulling a 3D-printing move that could decrease production costs big time

(Newser) - Tesla is working behind the curtain on a new manufacturing process that the Verge notes could prove to be a "huge industrial breakthrough." Multiple sources tell Reuters that the EV company is playing around with a new process that would allow it to die-cast pretty much the entire...

Report: Feds Are Investigating Tesla's Secret 'Project 42'

Sources tell 'Wall Street Journal' that project was described as a glass house for Elon Musk

(Newser) - Federal prosecutors in New York and the Securities and Exchange Commission are looking into a secret Tesla project known internally as "Project 42," sources tell the Wall Street Journal . The Journal reported last month that the project was described internally as a glass-walled house for CEO Elon Musk...

Reuters Accuses Tesla of Battery Range Manipulation
Reuters Accuses Tesla of
Battery Range Manipulation
investigation
Jul 28, 2023 7:53 AM CDT

Reuters Accuses Tesla of Battery Range Manipulation

Report alleges 'Diversion Team' was formed to deal with battery range complaints

(Newser) - A lengthy investigation by Reuters alleges that Tesla's batteries haven't always had the range the company touts—and that the company in 2022 put together a special team whose job was to try to convince drivers seeking service on their batteries to cancel those appointments. Neither Tesla nor...

Accused of 'Unrelenting' Greed, Tesla Board Relents

12 directors, including Elon Musk's brother, will return a total of $735M

(Newser) - It pays to be on the board of Tesla, but one shareholder has successfully made the case that it paid way too much. The company's 12 directors have agreed to settle a lawsuit by returning $735 million to the company, reports Quartz . It's one of the largest shareholder...

Ford Cuts Price of Its Electric Truck by $10K

Move comes days after Tesla rolled out its electric Cybertruck

(Newser) - The sticker price on Ford's F-150 Lightning electric pickup is being lowered by thousands of dollars thanks to increased plant capacity, falling costs for battery raw materials, and perhaps some competition from Tesla. Ford Motor Co. said Monday that final upgrades at its Rouge Electric Vehicle Center in Michigan...

Tesla Turns Out Its First Cybertruck

Vehicle has been on the way since 2019

(Newser) - Tesla has produced its first Cybertruck, the company announced Saturday. The electric pickup rolled out of the Tesla factory in Texas, the Wall Street Journal reports, almost four years after the prototype's awkward introduction; that event went off script when a demonstration of the invincibility of the vehicle's...

Tax Credits Help Drive Tesla Sales Up 83%
Tesla Sales Jump 83%
Jul 2, 2023 2:19 PM CDT

Tesla Sales Jump 83%

Analysts express concern about automaker's profit margins

(Newser) - That was a good quarter, Tesla said Sunday. Second-quarter deliveries rose 83% from a year ago after the company cut prices several times on its four electric vehicle models and buyers took advantage of US government tax credits. The Austin, Texas, producer of EV, solar panels and batteries said it...

One Automaker Rules the Most 'Made-in-America' Vehicles

Tesla takes up top 4 spots in Cars.com ranking, starting with its Model Y

(Newser) - Looking for a new set of wheels that will make you feel extra patriotic? Buy a Tesla—at least, one of the models that dominate the top four slots in Cars.com's most "American-made" vehicles index. Auto production in the US adds a big boost to the national...

Tesla Autopilot Crashes Way More Common Than Thought
Tesla Autopilot
Crashes Way
More Common
Than Thought
investigation
Jun 11, 2023 9:35 AM CDT

Tesla Autopilot Crashes Way More Common Than Thought

'Washington Post' counts 736, including at least 17 fatalities

(Newser) - Tesla's Autopilot technology, intended to enhance driver safety and convenience, is under scrutiny due to growing concerns about the interaction between the system and drivers. In the last four years, there have been 736 car accidents in which one of the vehicles was a Tesla on Autopilot, reports the...

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