Tesla

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Musk's Bottom Line Takes a Hit From His Tesla Woes

Mark Zuckerberg displaces Tesla CEO from No. 3 spot on Bloomberg Billionaires Index

(Newser) - While much of social media was commenting Thursday on a fake "bearded Mark Zuckerberg" picture , the Facebook co-founder notched a more substantial achievement: displacing Elon Musk on Bloomberg's Billionaires Index . Zuckerberg, 39, is now third on that list, with a net worth of about $178 billion, while the...

Tesla Will Ask Shareholders to Give Musk His Billions After All

A $55B compensation package was invalidated by a judge in January

(Newser) - "Never incorporate your company in the state of Delaware," Elon Musk said in a January post on X after a Delaware Chancery Court judge voided a Tesla compensation package that had potentially been worth around $55 billion. Now Tesla is asking shareholders to move the company's corporate...

Buyers Say Cybertruck Deliveries Have Been Delayed
Tesla Delays
Cybertruck Deliveries
Apr 16, 2024 2:51 PM CDT

Tesla Delays Cybertruck Deliveries

Accelerator pedal might be the issue

(Newser) - It's becoming a more common question among buyers: "Dude, where's my Cybertruck?" The Wall Street Journal reports that buyers say Tesla has pushed back the delivery date for their electric trucks without explanation. One buyer in Birmingham, Alabama says he was supposed to pick up his Cybertruck...

Tesla Laying Off 10% of Employees
Tesla Laying Off
10% of Employees
Apr 15, 2024 11:43 AM CDT

Tesla Laying Off 10% of Employees

Elon Musk delivers the news amid recent slump in sales

(Newser) - Elon Musk delivered an unwanted email to Tesla employees on Monday—the company is laying off 10% of its employees worldwide, reports electrek . That would amount to about 14,000 employees, based on Tesla's most recent annual report.
  • "There is nothing I hate more, but it must be
...

Cybertruck Owners Aren&#39;t Thrilled: &#39;What a Nightmare&#39;
Cybertruck Owners Aren't
Thrilled: 'What a Nightmare'
IN CASE YOU MISSED IT
Apr 13, 2024 4:35 PM CDT

Cybertruck Owners Aren't Thrilled: 'What a Nightmare'

Robotic-looking Tesla EV is getting slammed in owners forums online

(Newser) - Elon Musk calls his company's Cybertruck "the most unique thing on the road," but owners of the electric Tesla vehicle have other, more unflattering descriptions for their new ride. As Futurism puts it, the Cybertruck "seems to be breaking down at an incredible rate," as...

Tesla Settles Lawsuit Over Fatal Autopilot Crash

Walter Huang's Tesla veered into a concrete highway barrier in 2018

(Newser) - Tesla has settled a lawsuit brought by the family of a Silicon Valley engineer who died in a crash while relying on the company's semi-autonomous driving software, the AP reports. The amount Tesla paid to settle the case was not disclosed in court documents filed Monday, just a day...

More Bad News for Tesla
More Bad News for Tesla
Apr 2, 2024 10:44 AM CDT

More Bad News for Tesla

Q1 sales were down 9%, well below expectations, and stock has shaved off 34% of its value this year

(Newser) - Tesla sales fell sharply last quarter as competition increased worldwide, electric vehicle sales growth slowed, and price cuts failed to draw more buyers. The company said it delivered 386,810 vehicles from January through March, almost 9% below the 423,000 it sold in the same quarter of last year....

China Was Tesla&#39;s Savior. It&#39;s Becoming Its Thorn
China Was
Tesla's Savior.
It's Becoming
Its Thorn
longform
Mar 31, 2024 5:00 PM CDT

China Was Tesla's Savior. It's Becoming Its Thorn

The 'NYT' looks at Elon Musk's relationship with Beijing

(Newser) - Elon Musk has China to thank for much of Tesla's success. But as the New York Times reports, Beijing's helping hand could end up being more of a slap. Interviews with former Tesla employees, diplomats, and policymakers shed light on how Tesla's "unusually symbiotic relationship" with...

Elon Musk Has to Settle Brouhaha Over Pie

Tesla backed out of a big bakery order that went viral, and CEO ponies up

(Newser) - Elon Musk had to eat something decidedly less delicious than pie—namely crow—after the Tesla CEO's company stiffed a small San Jose bakery on a big order. As NBC Bay Area reports, Tesla had ordered 4,000 mini-pies from the Giving Pies bakery to honor Black History Month,...

He May Be Tesla&#39;s First Fatality in &#39;Full Self-Driving&#39;
He May Be Tesla's First
Death in 'Full Self-Driving'
investigation
Feb 13, 2024 11:25 AM CST

He May Be Tesla's First Death in 'Full Self-Driving'

'Washington Post' links Tesla employee's death to the advanced feature

(Newser) - The Washington Post may have uncovered the first fatality linked to Tesla's most advanced driver-assistance software, Full Self-Driving. The newspaper's investigation suggests that Hans von Ohain—a Tesla employee—was using FSD on a curvy road in Evergreen, Colorado, in 2022 when the car veered into a tree...

Musk Makes a Move After Judge Voids $55B Pay Package

Neuralink is now officially headquartered in Nevada instead of Delaware

(Newser) - Neuralink, Elon Musk's brain implant company, has shifted its legal corporate home from Delaware to Nevada—after his major Tesla pay package hit a wall in a Delaware court. Court records in both states show Neuralink, though it has its physical headquarters in Fremont, California, became a Nevada company...

Floating Sauna Saves Tesla Passengers From Icy Fjord

Half-naked patrons pulled stranded motorists out of water in Norwegian capital of Oslo

(Newser) - As Tesla handles a new recall in the US , a Tesla owner on the other side of the globe dealt with a different kind of issue this week. A witness tells the Norwegian newspaper VG that the Tesla was cruising Thursday near the quay at the foot of Oslo's...

Tesla Recalling Nearly All Cars in US Again

This time, it's because the warning lights are too small on instruments panel

(Newser) - Tesla is recalling nearly all its vehicles sold in the US to fix an unusual safety issue—warning lights on the instrument panel are too small, reports the AP . The recall affects more than 2 million vehicles and is slightly bigger than one of two months ago that involved a...

Winter Is Proving Hellish for Some Electric Vehicle Drivers

With temps below freezing, batteries aren't holding their charge

(Newser) - It's not set to get above freezing until early next week in Chicago, and that's increasingly making electric vehicle owners' blood run cold. The problem is that the frigid temps are doing a number on their car batteries, turning the city's electric vehicle charging stations into "...

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 "...

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