Elon Musk's Tesla crushes it

Tesla’s Model Y ahead of schedule Production is expected to begin by the summer of 2020. Tesla CEO Elon Musk redeemed himself as the company crushed its metrics in the latest quarter. Continue Reading Below Shares soared in the extended session late Wednesday as the company returned to profitability a major score for Musk. Ticker Security Last Change Change % […]

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Delaware judge says Tesla board must face trial over Musk's mega-pay package

WILMINGTON, Del. (Reuters) – A Delaware judge ruled on Friday that Tesla Inc’s (TSLA.O) board of directors must defend at a trial Chief Executive Elon Musk’s multibillion dollar pay package, which a shareholder lawsuit said unjustly enriched the head of the electric vehicle company. Tesla estimated the 2018 compensation package was worth $2.6 billion when it received stockholder approval in […]

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NTSB says Autopilot engaged in 2018 California Tesla crash

WASHINGTON (Reuters) – The National Transportation Safety Board (NTSB) said on Tuesday that a Tesla Model S was in Autopilot mode when it struck a fire truck in Culver City, California, one of a series of crashes the board is investigating involving Tesla’s driver assistance system. The 2014 Model S Autopilot system was engaged continuously for the final 13 minutes […]

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Tesla scouting sites for possible factory in Germany's NRW: Rheinische Post

FRANKFURT (Reuters) – Electric carmaker Tesla (TSLA.O) is scouting out locations for a possible factory in the German state of North Rhine-Westphalia (NRW), Germany’s most populous state, daily Rheinische Post reported on Sunday, citing people familiar with the matter. First inspections have taken place, the paper said. Tesla spokespeople in Europe were not immediately available for comment. Tesla Chief Executive […]

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Volkswagen says it is not interested in buying a Tesla stake

FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) on Thursday denied a media report which suggested that the German carmaker was interested in buying a stake in United States electric car manufacturer Tesla. “The speculation about buying a stake in Tesla made by Manager Magazin is without merit,” a Volkswagen spokesman said in a written statement to Reuters. Source: Read Full Article

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Walmart Says Tesla’s Solar Panels Caught Fire On Multiple Store Roofs

Walmart has claimed in a lawsuit that Tesla-supplied solar panels on the roofs at several of its stores caught fire because of the tech company’s “widespread, systemic negligence” and its “failure to live up to industry standards.” The retail giant is suing Tesla for breach of contract after fires allegedly ignited on the roofs of at least seven Walmart stores […]

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Tesla says single battery module caused car fire in Shanghai, has changed vehicle settings

BEIJING/TOKYO (Reuters) – Electric vehicle (EV) maker Tesla Inc (TSLA.O) said on Friday a single battery module caused a car to catch fire in Shanghai and it had revised its vehicle settings to further protect its batteries following an investigation into the incident. The company said in a statement posted on its Weibo social media account that the joint investigation […]

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