Elon Musk thinks layoffs will keep Tesla profitable as $35,000 Model 3 arrives

Nearly three years after Elon Musk promised a $35,000 Model 3 electric car, Tesla Inc. has finally delivered. Now, the question is about the promise of profitability Musk has been making for the past few months. Musk walked back his goal of being thinly profitable in the first quarter and in the black in every quarter thereafter in a conference […]

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Wall Street keeps the faith on Tesla despite Musk, SEC tiff

Wall Street was quick to criticize Tesla Inc.’s Chief Executive Elon Musk over his latest squabble with regulators, but stopped short of penalizing the company on Tuesday. Tesla stock TSLA, +0.29%  fell in early trading Tuesday, but turned higher by midday less than 24 hours after the Securities and Exchange Commission asked a judge to hold Musk in contempt over […]

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Tesla shares drop after SEC asks judge to hold Elon Musk in contempt over tweet

Tesla Inc. shares tumbled in after-hours trading Monday after the Securities and Exchange Commission asked a federal judge to hold Chief Executive Elon Musk in contempt over a recent tweet. On Feb. 19, Musk tweeted: “Tesla made 0 cars in 2011, but will make around 500k in 2019,” clarifying a few hours later: “Meant to say annualized production rate at […]

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Trump administration cuts off talks on fuel-efficiency standards with California

WASHINGTON — The Trump administration on Thursday broke off talks on vehicle mileage standards with California, increasing the chances of a court battle that threatens to unsettle the auto industry. The White House, which has proposed freezing the standards, said it would now move unilaterally to finish its own mileage rule later this year “with the goal of promoting safer, […]

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Bullish investors ‘too sanguine’ about U.S.-China trade talks, warns fund manager

After nearly a week of trade-talk booya, they’re finally getting down to business in Beijing. And POTUS’s market-pleasing deadline squashiness may hinge a lot on how the next couple of days go between China Vice Premier Liu He, U.S. Trade Rep. Lighthizer and Treasury Secretary Steven Mnuchin: No pressure guys, but investors seem to have a lot riding on the […]

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Teen who hacks car to drive backwards gets shoutout from Elon Musk

MOSCOW (AP) — A Russian teenager has refitted his car to drive it backward, and got a shoutout from Tesla’sTSLA, -1.61%  CEO Elon Musk. But this didn’t stop the police from stripping him of the car registration. The 18-year-old was stopped earlier this week driving the battered Lada backward. The teenager showed in a video posted on social media that […]

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Forty countries to require automatic breaking in cars next year — not U.S. or China

GENEVA (AP) — Forty countries led by Japan and the European Union — but not the U.S. or China — have agreed to require new cars and light commercial vehicles to be equipped with automated braking systems starting next year, a U.N. agency said. The United Nations Economic Commission for Europe, a key U.N. standards agency, said the draft agreement […]

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