Tesla’s Musk and SEC ordered to settle out of court within a fortnight April 5, 2019 Tesla billionaire Elon Musk said it was “most likely” that he and the US markets watchdog would be able to settle their differences. A US judge ordered yesterday that the two come to an agreement within a fortnight, and said she could rule on whether Musk violated his recent fraud settlement with the regulator if they [...]
Tesla shares fall after Elon Musk’s company confirms huge quarterly drop in car deliveries April 4, 2019 Tesla shares fell nearly nine per cent in early US trading this afternoon, after the electric car giant said its deliveries have suffered a record 31 per cent quarterly drop. The manufacturer’s stock value fell to $266.32 this afternoon, having closed yesterday at $291.81 as investors digested the results. Read more: Elon Musk helps Sheryl [...]
Tesla shares fall in pre-market trading as Elon Musk’s firm suffers huge quarterly drop in car deliveries April 4, 2019 Tesla’s share price looks set for a significant fall when the Nasdaq opens this afternoon, after the electric car giant told investors its car deliveries have suffered a record quarterly drop. Shares declined almost eight per cent in pre-market trading to $269.77 from yesterday’s close of $291.81 after the overnight update. Read more: Elon Musk [...]
Sheryl Crow asked Twitter for help fixing her Tesla – Elon Musk replied April 4, 2019 When Sheryl Crow turned to Twitter to solve a problem with her Tesla, she got an answer straight from the top as Elon Musk took a moment to help her out. The billionaire-turned-troubleshooter weighed in after the US singer took to Twitter to complain of a problem that had crippled her high-performance electric car. Read [...]
There’s a human cost to fetishising entrepreneurs like Elizabeth Holmes March 28, 2019 According to the documentary director Alex Gibney, the success of Elizabeth Holmes can be put down to Silicon Valley’s “fetishisation of the entrepreneur”. Holmes’ story is depicted in his latest film, The Inventor: Out for Blood in Silicon Valley, released last week. But her story has caught the imagination of just about everyone who has [...]
Elon Musk uses Twitter wisely, new Tesla chair says March 27, 2019 The new chair of Tesla said that its chief executive Elon Musk uses Twitter “wisely”, in an interview today. “Twitter is part of everyday business for many executives today,” Robyn Denholm told Bloomberg, “From my perspective, he uses it wisely.” Musk faced heat from the US Securities and Exchange Commission (SEC) after tweeting in August [...]
Tesla sues former engineer for allegedly passing tech secrets to Chinese rival Xiaopeng March 22, 2019 Tesla has accused a former employee of stealing trade secrets and handing them over to a Chinese rival. Elon Musk’s firm has filed a lawsuit alleging one of its former engineers, Guangazhi Cao, copied the source code for its Autopilot self-driving technology before joining Chinese startup Xiaopeng Motors. Read more: Tesla launches new Model Y [...]
Tesla launches new Model Y to enter SUV market March 15, 2019 Tesla has officially launched its second mass-market car, the Model Y. The electric vehicle was unveiled in Los Angeles on Thursday with the company announcing that the first release will be a long-range version at a price of $47,000 (£35,489). It will be able to travel up to 300 miles before it needs recharging, whereas [...]
‘Serious First Amendment issues’: Tesla CEO Elon Musk’s lawyers slam SEC’s latest attack on tweets March 12, 2019 Lawyers for Elon Musk say that the US financial regulator's claims that the Tesla chief executive violated a previous settlement by posting a tweet has serious implications for First Amendment issues. Read more: Regulator accuses Elon Musk of misleading investors with new Tesla tweet The Securities and Exchange Commission (SEC) had asked a New York [...]
Tesla hikes vehicle prices as it scales back drastic store closure plan March 11, 2019 Tesla will raise the prices of its high-end vehicles by roughly three per cent as it scales back a controversial plan to close most of its stores. The electric car manufacturer said the price hike will apply to the more expensive variants of the Model 3, as well as Model S and X, but not [...]