Tesla

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Musk Says New Tesla Factories Are Burning Cash

CEO calls Austin and Berlin plants 'gigantic money furnaces' because of supply chain, battery issues

(Newser) - At some point, the Tesla factories that opened in Texas and Germany earlier this year will pay off. But at the moment, CEO Elon Musk says, they're money pits. "Both Berlin and Austin factories are gigantic money furnaces right now," he said, per Forbes . "It's...

Tesla 'Spontaneously Caught Fire,' Kept Igniting

Electric vehicle had been damaged in a crash weeks before

(Newser) - A Tesla Model S had been sitting in a scrapyard for three weeks following a collision when it spontaneously burst into flames this month, then kept re-igniting, transforming into "a heap of melted and burned metal," per the Washington Post . The Sacramento Metropolitan Fire District described how the...

Tesla Leads Carmakers in Undesirable Category

Their vehicles with autopilot crash more than those of other manufacturers

(Newser) - Teslas with autopilot have made plenty of headlines in recent years, including in a handful of fatal crashes. But new data released by the National Highway Transportation Safety Administration reveals that crashes are more common than previously known. Teslas have been in 273 crashes since last July, accounting for almost...

Does Your Tesla Suddenly Brake for No Reason? You're Not Alone

NHTSA: More than 750 Tesla owners have reported 'phantom braking' phenomenon

(Newser) - More than 750 Tesla owners have complained to US safety regulators that cars operating on the automaker's partially automated driving systems have suddenly stopped on roadways for no apparent reason. The National Highway Traffic Safety Administration revealed the number in a detailed information request letter to Tesla that was...

Elon Musk Has 'Super Bad Feeling' About Economy

He says Tesla needs to cut 10% of jobs

(Newser) - Just days after he declared that working from home was unacceptable, Elon Musk has decided some Tesla employees don't need to come back at all. In an email to execs seen by Reuters, the Tesla CEO says he is planning to cut around 10% of jobs at the company...

Elon Musk Takes Rigid Stance on Remote Work

Email posted to Twitter purportedly tells Tesla staff remote work only OK past 40-hour mark

(Newser) - Elon Musk has made clear to his Tesla workforce that remote work is not acceptable. Nor is it "acceptble," as the subject line of an email apparently sent to Tesla employees Tuesday and later posted to Twitter made clear. The brief email explains that "anyone who wishes...

I See Elon Musk as an Emperor Without Clothes
I See Elon Musk as an
Emperor Without Clothes
OPINION

I See Elon Musk as an Emperor Without Clothes

Edward Niedermeyer has been digging into Musk, Tesla since 2015

(Newser) - For Edward Niedermeyer, it's plain as day: The emperor—that would be Elon Musk—has no clothes. It's an opinion Niedermeyer has held for years, and he hasn't been quiet about it (see his 2019 publication of the book Ludicrous: The Unvarnished Story of Tesla Motors). In...

Judge Says Musk Made Knowingly False Statements

Next, a jury will need to decide how much damage he caused

(Newser) - In a pre-trial ruling, a federal judge in California has determined that Elon Musk was "inaccurate and reckless" when—out of the blue one summer morning in 2018—he tweeted, "Am considering taking Tesla private at $420. Funding secured.” Musk had indeed talked to Saudi investors about...

New Ford Ad Doesn't Mention Musk, but It Doesn't Have To

Spot mocks loudmouths who want to 'fly away on their personal spaceships'

(Newser) - Ford is out with a new TV spot that Advertising Age says "appears to be a subtle shot" at Elon Musk in the auto wars. That might be understating things. While the ad does not mention Musk by name, the implication is clear and full of snark. “Right...

Musk Loses Bid to End Restrictions on His Tweets

Judge says Tesla CEO can't back out of 2018 agreement with regulators

(Newser) - Elon Musk has vowed to make Twitter "an inclusive arena for free speech" if his deal to buy the company goes through—but his own tweets will remain restricted. A federal judge in New York has rejected Musk's bid to end an agreement with the Securities and Exchange...

Tesla Shares Sank Tuesday, and the Questions Began

The big one: If share value keeps dropping, how does that impact the Twitter deal?

(Newser) - Tuesday wasn't a good day for the markets in general, but it was particularly unkind to Tesla, whose shares closed down 12.2%. That erased more than $125 billion from the electric vehicle maker's market value, and it has some analysts wondering whether that could turn into an...

Tesla Shares Surge on News of Another Stock Split

Meanwhile, CEO Elon Musk has COVID

(Newser) - Shares of Tesla rose sharply Monday after the electric car maker announced its second stock split in less than two years. The company said in a regulatory filing, and also in a tweet , that it plans to make a request at its upcoming annual shareholders meeting to increase its number...

'People Should Not Drive Teslas Over My House'
'People Should 
Not Drive
Teslas Over
My House'
IN CASE YOU MISSED IT

'People Should Not Drive Teslas Over My House'

Tesla police name TikTok star as person of interest in car stunt

(Newser) - Update: The LAPD may have their man. Police have named TikTok star Dominykas Zeglaitis as a "person of interest" in a Tesla stunt that resulted in what they consider to be a hit-and-run crash, reports USA Today . One big reason: Zeglaitis (@dominykas) has been claiming credit for the airborne...

Student Who Vanished on 'Erratic' Road Trip Found Dead

Chris Liang's body was found in crashed Tesla

(Newser) - A missing University of San Francisco student has been found dead in the wreckage of the Tesla he rented for what his brother calls an impulsive and "erratic" road trip. In an Instagram post late last week, Jerry Liang said family members were extremely worried about 21-year-old Chris Liang,...

Ford Is Breaking Up
Ford Is Breaking Up

Ford Is Breaking Up

CEO says restructuring will help company beat the competition in electric vehicles

(Newser) - Ford will split its electric vehicle and internal combustion operations into two distinct but strategically interdependent businesses as part of a major restructuring to accelerate its adaptation of new technology, the Detroit automaker said Wednesday, adding its transformation into an EV company is accelerating. Ford Model e—to be led...

Biden's SOTU Triggers More Bashing From Elon Musk

Tesla CEO, who's long had a beef with president, was apparently torqued Tesla wasn't mentioned

(Newser) - Iowa's governor wasn't the only one to take aim at President Biden's State of the Union speech on Tuesday night. Elon Musk, who's long irked Biden's team for his constant criticism of the White House, didn't seem happy that during the annual address Biden...

Report: SEC Has Its Eye on Elon Musk's Brother

Kimbal Musk sold $108M in shares the day before Elon Musk posted Twitter poll

(Newser) - In November, Elon Musk sold Tesla shares worth billions of dollars after polling Twitter users about the move. The Securities and Exchange Commission is now taking a close look at stock sales made by his brother, Kimbal Musk, a day before the poll was posted, the Wall Street Journal reports,...

Yoke Steering Wheel Blamed for Tesla's Rankings Tumble

Electric vehicle maker dropped 7 places in the 'Consumer Reports' list of 32

(Newser) - Tesla has tumbled down the rankings in the latest Consumer Reports list of car brands—and its Model 3 is no longer the top electric vehicle in the magazine's list of top picks. Tesla dropped seven places in the brand rankings to No. 23 out of 32 because of...

Tesla Tells Judge the SEC Scrutiny of Musk Is Harassment

Company says agency is picking on the CEO because he's critical of government

(Newser) - The latest tit-for-tat involving Elon Musk, his company, and the Securities and Exchange Commission could again test the patience of the federal judge who oversaw the 2018 settlement limiting Musk's tweets. When the SEC complained the next year that new tweets from Musk had broken the rules, US District...

SEC: Elon Musk Gave $5.7B in Tesla Shares
From Elon Musk,
a $5.7B Gift

From Elon Musk, a $5.7B Gift

SEC filing indicates Musk donated 5M Tesla shares to unidentified charity or charities in November

(Newser) - Elon Musk kicked off the holiday season at the end of last year with a rather large gift: about $5.7 billion in Tesla shares, donated to an unidentified charity or charities. CNN Business reports that the comped 5,044,000 shares, presented between Nov. 19 and Nov. 29, were...

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