Tesla

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Accused of 'Unrelenting' Greed, Tesla Board Relents

12 directors, including Elon Musk's brother, will return a total of $735M

(Newser) - It pays to be on the board of Tesla, but one shareholder has successfully made the case that it paid way too much. The company's 12 directors have agreed to settle a lawsuit by returning $735 million to the company, reports Quartz . It's one of the largest shareholder...

Ford Cuts Price of Its Electric Truck by $10K

Move comes days after Tesla rolled out its electric Cybertruck

(Newser) - The sticker price on Ford's F-150 Lightning electric pickup is being lowered by thousands of dollars thanks to increased plant capacity, falling costs for battery raw materials, and perhaps some competition from Tesla. Ford Motor Co. said Monday that final upgrades at its Rouge Electric Vehicle Center in Michigan...

Tesla Turns Out Its First Cybertruck

Vehicle has been on the way since 2019

(Newser) - Tesla has produced its first Cybertruck, the company announced Saturday. The electric pickup rolled out of the Tesla factory in Texas, the Wall Street Journal reports, almost four years after the prototype's awkward introduction; that event went off script when a demonstration of the invincibility of the vehicle's...

Tax Credits Help Drive Tesla Sales Up 83%
Tesla Sales Jump 83%

Tesla Sales Jump 83%

Analysts express concern about automaker's profit margins

(Newser) - That was a good quarter, Tesla said Sunday. Second-quarter deliveries rose 83% from a year ago after the company cut prices several times on its four electric vehicle models and buyers took advantage of US government tax credits. The Austin, Texas, producer of EV, solar panels and batteries said it...

One Automaker Rules the Most 'Made-in-America' Vehicles

Tesla takes up top 4 spots in Cars.com ranking, starting with its Model Y

(Newser) - Looking for a new set of wheels that will make you feel extra patriotic? Buy a Tesla—at least, one of the models that dominate the top four slots in Cars.com's most "American-made" vehicles index. Auto production in the US adds a big boost to the national...

Tesla Autopilot Crashes Way More Common Than Thought
Tesla Autopilot
Crashes Way
More Common
Than Thought
investigation

Tesla Autopilot Crashes Way More Common Than Thought

'Washington Post' counts 736, including at least 17 fatalities

(Newser) - Tesla's Autopilot technology, intended to enhance driver safety and convenience, is under scrutiny due to growing concerns about the interaction between the system and drivers. In the last four years, there have been 736 car accidents in which one of the vehicles was a Tesla on Autopilot, reports the...

During China Visit, Musk Goes Silent on Twitter

Chinese social media users praised 'Brother Horse'

(Newser) - Elon Musk took an unusually long break from Twitter this week as he visited China, where the platform is banned. In his first visit to the country since before the pandemic, Musk met with top officials including China's foreign, commerce, and industry ministers, Reuters reports. The two-day visit also...

Elon Musk Compares George Soros to This Guy
Musk Draws Flak for His
George Soros Comparison
the rundown

Musk Draws Flak for His George Soros Comparison

Younger billionaire likens Soros to Marvel character Magneto, and not in a good way

(Newser) - Elon Musk is picking a fight with another billionaire, none other than George Soros, a champion of progressive causes who is vilified on the far right. Musk first compared the 92-year-old Soros to Marvel character Magneto without elaboration, then later made clear that he thinks Soros "hates humanity."...

Tragedy Strikes Family of 9 Traveling in California

3 were killed, 6 others injured in highway collision

(Newser) - A Chevy Suburban carrying nine members of a southern California family collided with a Tesla sedan Sunday near Palm Springs, killing three members of the family and injuring the other six, four of them seriously. The occupants of the SUV included parents, their children, and some cousins, all from Anaheim,...

Musk Announces He&#39;ll Step Aside as Twitter CEO
Musk's Chosen
Successor
at Twitter
Revealed
UPDATED

Musk's Chosen Successor at Twitter Revealed

Sources say it's NBCUniversal’s Linda Yaccarino

(Newser) - The person who is in what's being described as "advanced talks" to take over as CEO of Twitter has been revealed: Sources tell the Washington Post , the Wall Street Journal , and other outlets that it's NBCUniversal’s head of advertising, Linda Yaccarino. Elon Musk on Thursday said...

Elon Musk's No Good, Very Bad, $13B-Loss Day

Perfect storm involving 3 of his firms leads to financial fallout for CEO

(Newser) - It's been a challenging few days for Elon Musk: Tesla had a disappointing earnings call on Wednesday, his SpaceX rocket exploded minutes after takeoff on Thursday, and Twitter continues to ... go through some things . The CEO took a big financial hit amid these struggles from all of his three...

Tesla Employees Allegedly Shared Customer Videos

Footage shared included incidents of nudity and road rage

(Newser) - A class-action suit filed in federal court in California alleges that Tesla employees have been passing around videos from customers' car cameras and mocking them over the footage. The suit alleges that over the course of three years, Tesla employees inappropriately shared photos and videos from the cameras without consent—...

Guy Got $137M in Tesla Racism Case. It's Now $3.2M

Tesla payout to former worker slashed by $134M

(Newser) - A year and a half after Tesla was ordered to pay $137 million to a former contract employee who alleged racist abuse at a company factory in California, the award has been slashed—by a whopping 98%, Bloomberg reports. Tesla challenged the original amount, and a judge said the original...

Tesla Driver Accidentally Drives Off in Stranger's Car

Vancouver resident says he 'found some glitch' in how Tesla's app works.

(Newser) - A Tesla owner experienced an unsettling issue using the company's app to unlock and drive his white Model 3—it let him unlock and drive someone else's EV instead. "Apparently," Rajesh Randev of Vancouver tells Global News , "I found some glitch." In an interview...

Elon Musk Is Apparently Building His Own Town
Elon Musk
Aims to Build
'Texas Utopia'
longform

Elon Musk Aims to Build 'Texas Utopia'

'Wall Street Journal' has the scoop on emerging 'town' on farmland near Austin

(Newser) - Elon Musk's next big move: Building a company town, apparently. The Wall Street Journal reports that Musk or related entities have bought up to 6,000 acres of farmland outside the Texas capital of Austin. The goal has a Musk-like sound to it:
  • "In meetings with landowners and
...

New Tesla Complaints: Steering Wheels Came Off While Driving

National Highway Traffic Safety Administration probe is underway on Model Y Long Range SUV

(Newser) - US auto safety regulators have opened an investigation into Tesla's Model Y SUV after getting two complaints that the steering wheels can come off while being driven. The National Highway Traffic Safety Administration says the probe covers an estimated 120,000 vehicles from the 2023 model year. The agency...

When Your Getaway Car Is an EV, Charge It First

Georgia police say they busted thieves not far from the crime scene—charging their Tesla

(Newser) - When endeavoring to avoid headlines for criminal idiocy with a green flair, you'd best remember one simple rule: Charge the EV in which you are attempting to flee the scene of your crime. As Fox5 reports, police say two would-be criminal masterminds robbed gaming systems from an unnamed store...

Musk Partially Reverses Exit From California

Tesla's engineering headquarters will be in Palo Alto, not Texas

(Newser) - After moving his residence to Texas and threatening to pull all of Tesla out of California, Elon Musk has had a change of heart. With California Gov. Gavin Newsom at his side, Musk announced Wednesday that the automaker's global engineering headquarters will be in Palo Alto. The headquarters will...

Tesla Reluctantly Recalls 363K 'Full Self-Driving' Cars

Musk argues government agency's assessment on Twitter

(Newser) - US safety regulators have pressured Tesla into recalling nearly 363,000 vehicles with its "Full Self-Driving" system because it misbehaves around intersections and doesn't always follow speed limits. The recall, part of a larger investigation by the National Highway Traffic Safety Administration into Tesla's automated driving systems,...

Tesla to Open Charger Network
Tesla to Open Charger Network

Tesla to Open Charger Network

Biden administration's plan calls for 500K chargers on roads by 2030

(Newser) - An initiative has been launched by the Biden administration to increase the number of electric vehicle chargers on US roads—an effort that includes Tesla opening at least 7,500 of its charging stations to drivers of other makes. The goal is to have at least 500,000 chargers overall...

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