Tesla

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Man Sues Tesla, Says Autopilot Led to Crash

He says the feature failed to detect a disabled car before collision

(Newser) - A Florida man says the autopilot feature of his Tesla vehicle failed to detect a disabled car on a highway, leading to a collision that left him with permanent injuries, according to a negligence lawsuit filed Tuesday. Shawn Hudson said in the lawsuit filed in state court in Orlando, Florida,...

Elon Musk: $20M Tweet Was 'Worth It'

Tesla CEO also says he's taking a break from Twitter for a while

(Newser) - Elon Musk apparently has no regrets about a tweet that set him and Tesla back each $20 million . In a tweet late Friday—just before tweeting that he would be taking a break from Twitter—Musk responded to a question about his ill-fated tweet claiming he would take the company...

Markets Rebound at Start of Trading
Markets Rebound
at Start of Trading
Oct 25, 2018 9:40 AM CDT

Markets Rebound at Start of Trading

Dow rose more than 200 points after Wednesday's plunge

(Newser) - Thursday is looking much better than Wednesday on Wall Street. Stocks opened higher after a sharp sell-off the previous day erased the market's gains for the year . In the first hour of trading Thursday, the Dow rose more than 200 points, shy of 1%, and the S&P 500...

Tesla Shares Big News, Elon Musk Gets Choked Up

Company posts first profit in 2 years

(Newser) - Tesla Motors delivered on CEO Elon Musk's promise to make money during its latest quarter after fulfilling his pledge to boost production of its first electric car designed for the mass market. The company earned $311.5 million during the three months ending in September, swinging from a loss...

Elon Musk May Be Getting Into the Booze Business

Tesla filed a trademark for "Teslaquila"

(Newser) - Drinking and driving don't mix, but what about Tesla and tequila? On Monday the electric car maker filed a trademark for the name "Teslaquila" for "distilled agave liquor" and "distilled blue agave liquor," CNBC reports, the company's first federal trademark application this year. The...

Defiant Elon Musk Mocks SEC on Twitter

He calls them the 'Shortseller Enrichment Commission'

(Newser) - Elon Musk is a man of many talents, but knowing when to stop tweeting apparently isn't one of them. The Tesla CEO, who has agreed to pay $20 million and step down as chairman to settle a lawsuit brought by the Securities and Exchange Commission over a "false...

Hundreds of Parked Teslas Raise Many Questions

The 'New York Times' delves into monthslong mystery

(Newser) - It's a mystery that's been brewing since July: Various locations around the country—including lots, garages, and industrial sites—each have anywhere from dozens to hundreds of Tesla cars parked there. Photos and videos of the numerous parked cars started popping up online back in July, and a...

Elon Musk Resigns as Tesla Chair, Will Pay $20M

The CEO settles with the Securities and Exchange Commission

(Newser) - In a settlement with the SEC, Tesla CEO Elon Musk has agreed to resign as chairman within 45 days and pay a $20 million fine—but will remain chief executive, the Washington Post reports. The SEC was suing Tesla's founder over an August tweet that said he was "...

Musk&#39;s New Fight Poses Huge Risk to Tesla&mdash;and Himself
Musk's New Fight Poses Huge
Risk to Tesla—and Himself
the rundown
Sep 28, 2018 11:11 AM CDT

Musk's New Fight Poses Huge Risk to Tesla—and Himself

SEC complaint is 'road map to criminal charges,' says one biz journalist

(Newser) - The SEC's decision to sue Elon Musk and seek his ouster as chairman of Tesla came after Musk pulled out of settlement talks at the last minute, reports CNBC . Under the deal, Musk would have paid a fine but admitted no wrongdoing in regard to his infamous tweet in...

Controversial Tweet Gets Elon Musk Sued

The SEC says he made "false and misleading" statements with 'taking Tesla private' tweet

(Newser) - The SEC is suing Elon Musk over the Tesla CEO's August tweet in which he said: "Am considering taking Tesla private at $420. Funding secured." According to court documents filed Thursday, the SEC says that Musk had not even discussed "key deal terms, including price, with...

Tesla: Yes, We Gave Feds Documents They Wanted

As Bloomberg's sources say a DOJ criminal probe is underway

(Newser) - It's only Tuesday, and it's already been a roller coaster week of ups and downs for Elon Musk. The latest dip: Tesla confirmed Tuesday that it has complied with a voluntary request from the Justice Department to hand over documents related to Musk's August comments about possibly...

Elon Musk's 'Jarring' Move: Taking Puff of Joint on Video

Says his brain is like a 'never-ending explosion' in Joe Rogan podcast

(Newser) - Elon Musk has a word of caution for anyone who envies his lifestyle. "I don't think you'd necessarily want to be me," he told podcaster Joe Rogan in an interview that lasted more than two hours. "I don't think people would like it that...

This Might Be a Cure for Drivers Who Don't Signal

Tesla files patent for blinker that operates automatically

(Newser) - Activating a turn signal takes just a flick of the finger, but that simple move apparently is too much for lots of drivers out there. A new patent filing by Tesla seeks to change that. The company envisions an automated signal, one that senses when a driver is getting ready...

Tesla Gets Huge Air, Owner Gets Charged

The car is demolished

(Newser) - A Canadian man discovered his Tesla could fly, the downside being that it's now "demolished." With a security camera observing, the scene unfolded shortly after 8:30pm Tuesday in Barrie, 70 miles north of Toronto, reports CTV News . Police say a 46-year-old man driving a 2016 four-door...

Tesla Driver in Crash: 'I Think I Had Autopilot On'

It is unclear whether Autopilot was activated

(Newser) - A Tesla driver who said he thought his car was in Autopilot mode crashed into the back of a firetruck in San Jose early Saturday. The California Highway Patrol says the Tesla rear-ended a fire engine that was stopped with its emergency lights activated along US-101 around 1am. The 37-year-old...

Musk: Sentiment Was 'Please Don't Do This,' So We Won't

The company will remain public, he announced Friday night

(Newser) - What started on Twitter has ended on the Tesla company blog . Elon Musk announced in a statement posted there late Friday night that the electric car maker would not in fact be going private. He writes, "I knew the process of going private would be challenging, but it’s...

Amid Musk's Struggles, a Win for His Enemies

Short sellers are doing well since the CEO's tweet 2 weeks ago

(Newser) - The SEC is investigating Elon Musk's now-famous tweet about taking Tesla private, and one reason is to see whether he set out to punish investors who were betting against his company, reports Vox . If so, he did not succeed. Though Tesla's share price rose from $350 to $387...

After Confessional Interview, Tesla Stock Slides

Down 8% after Elon Musk gets personal with 'Times'

(Newser) - Elon Musk got a lot off his chest in a tearful interview with the New York Times , but Tesla investors apparently weren't feeling very sympathetic on Friday. The stock fell 8% in the wake of the interview in which he detailed "the most difficult and painful year" of...

Musk Predicts 'Extreme Torture,' Possible Tesla 'Destruction'

Tesla CEO talks 120-hour workweeks and friends 'concerned' about his health with the 'NYT'

(Newser) - One of his companies has been accused of dangerous practices ; he tweeted himself into hot water by calling a cave rescuer a "pedo" ; and another recent tweet caught the SEC's attention . All of which have given Tesla/SpaceX CEO Elon Musk the "most difficult and painful year of...

Tesla 'Whistleblower' Airs Alleged Evidence on Twitter

Martin Tripp says photos, documents prove dangerous practices

(Newser) - A former Tesla technician continues to cause headaches for CEO Elon Musk. "Are you ready?" Martin Tripp tweeted Wednesday before unleashing internal documents and photos he alleges show scrap piles, "bent" cooling tubes, and "reworked" M3 battery modules at Tesla's battery factory in Nevada, backing his...

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