Tesla

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The Hertz-Tesla Deal Has Big News for Uber

Hertz will rent up to half of its new Teslas to Uber drivers

(Newser) - Hertz is adding 100,000 Teslas to its US and European fleets, and on Wednesday it announced that up to half of those will be rented out to Uber drivers. "Today's partnership with Uber is another major step forward in Hertz becoming an essential component of the modern...

Elon Musk&#39;s Wealth Grew by $36B in One Day
Elon Musk
Got $36B
Richer in
One Day
Oct 26, 2021 12:40 AM CDT

Elon Musk Got $36B Richer in One Day

Thanks to Tesla's stock surge

(Newser) - Elon Musk's net worth increased by $36.2 billion Monday, thanks to Tesla's stock surge . That's the largest single-day jump in the history of the Bloomberg Billionaires Index. Musk is now worth $288.6 billion after Tesla saw a 12.7% stock increase due to its deal...

S&amp;P 500, Dow Hit New Highs Amid Strong Profit Reports
Tesla Jumps 12.7% After
Hertz Deal Announced
MARKETS
Oct 25, 2021 3:56 PM CDT

Tesla Jumps 12.7% After Hertz Deal Announced

Dow, S&P 500 hit record highs

(Newser) - Wall Street notched some more record highs on Monday as a better-than-expected profit reporting season gets into higher gear. The S&P 500 rose 0.5%, surpassing the peak it set on Thursday. Tesla jumped 12.7% to the biggest gain in the S&P 500 after Hertz said it...

For Tesla, Good News From Hertz, Bad News on Bugs

Rental company to buy 100K sedans, while self-driving software has a hiccup

(Newser) - Car rental company Hertz is ordering 100,000 electric vehicles from Tesla. The company says it's buying the Tesla Model 3 small cars by the end of 2022, and it also will buy electric vehicle chargers, per the AP . No price was given for the order, but it is...

Musk Widens Richie-Rich Gap, Trolls Bezos

SpaceX CEO tweets a silver medal at space race rival

(Newser) - Elon Musk is pulling further ahead of Jeff Bezos as the world's richest man, and trolling all the way. Privately-held SpaceX saw its valuation rise to $100.3 billion this week as insiders agreed to sell up to $755 million in stock to new and existing investors at $560...

Musk to Move Tesla From California to Texas

'There's a limit to how big you can scale in the Bay Area,' CEO says

(Newser) - There were signs: Elon Musk moved from Los Angeles to Texas, and he held Tesla's shareholders meeting in Austin—the first time it's been held outside California. Musk used the occasion to announce Thursday that Tesla's headquarters will be moving to Austin, as well. At the moment,...

Guy Who Alleged Swastikas at Tesla Wins $137M

Owen Diaz said company created a hostile work environment

(Newser) - Tesla has been ordered to pay a whopping $137 million to a former contract employee who sued over racist abuse he endured at the company's factory in Fremont, Calif. Elevator operator Owen Diaz said he worked at the factory for about a year up to 2016, during which fellow...

Cops' Suit: Tesla on Autopilot Slammed Into Us

5 police officers were injured in February by Model X during Texas traffic stop

(Newser) - Tesla calls its Autopilot feature the "future of driving," but it's a future that at least five Texas cops aren't keen on, unless Tesla remedies "known defects." KPRC 2 reports that those five police officers have now filed suit against the automaker, after they...

Tesla Removes Steering Wheel, a Slippery Change

Consumer Reports' testers struggle with new yoke in Model S

(Newser) - Drivers might soon feel more than ever that they're sitting in a cockpit instead of a car. The steering device in Tesla's Model S and Model X SUV looks more like an airplane's yoke than a car's usual steering wheel. Drivers keep their hands on something...

Musk Takes Shortcut on New Mexico Law

Tesla store opens on tribal land, avoiding state regulation requiring the use of car dealers

(Newser) - Efforts to change New Mexico law to allow automakers to sell directly to consumers, without having to use independent dealers, failed for years—often after contentious debate. That shut out Tesla's business model. So Elon Musk found a legal island, the Hill reports, partnering with a tribal nation whose...

Cops: Tesla Camera Proves 'Hit-and-Run' Was Bogus

Slidell man accused of faking an accident

(Newser) - Tesla is having trouble with its autopilot , and it’s a serious story. The backup cameras, however, haven’t been in the news much. Also, they record what they see. So when a man in Louisiana spotted a Tesla backing up in a gas station and flopped to the ground...

Partially Automated Tesla Hits Police Car on Highway

Narrowly missed cop

(Newser) - A Tesla using its partially automated driving system slammed into a Florida Highway Patrol cruiser Saturday on an interstate near downtown Orlando and narrowly missed its driver, who had pulled over to assist a disabled vehicle, per the AP . Earlier this month, the US government opened a formal investigation into...

Tesla Wants to Sell Electricity in Texas
Tesla Applies
to Join Texas' Grid
Aug 27, 2021 5:07 PM CDT

Tesla Applies to Join Texas' Grid

Company's giant batteries would let it store power to sell if the lights go out again

(Newser) - Elon Musk has said part of the reason the Texas power grid had such a catastrophic failure last winter is that it has no way to store electricity. The Tesla CEO might think he has the answer; a subsidiary of his company has filed an application with the Texas Public...

There Was Something Different About This Fatal Tesla Crash

The driver wasn't the one killed, and could recount what happened while on Autopilot

(Newser) - "Please tell me no. Please tell me no." So a police video recorded George Brian McGee as saying the night of April 25, 2019. He had slammed into a parked Chevy Tahoe, and a first responder noticed a woman's sandal under the car, spurring McGhee's response....

Elon Musk's Humanoid Bots Are Headed Our Way

Prototype for the 'Tesla Bot' is due out 'sometime next year,' says CEO

(Newser) - Will Elon Musk soon have his own Westworld-style theme park ? Things probably won't get that far, but you can't blame the thought from arising after an announcement this week from the Tesla CEO. That reveal, made at Thursday's AI Day in California, per CNBC : The company...

Indexes Hit New Highs Despite World&#39;s Worries
Tesla Drops 4.3% as
Feds Launch Investigation
MARKETS
Aug 16, 2021 4:01 PM CDT

Tesla Drops 4.3% as Feds Launch Investigation

Dow, S&P 500 hit new record highs

(Newser) - Stock indexes closed at record highs on Wall Street Monday, despite rising coronavirus infections in the US and around the globe, as well as geopolitical concerns including the collapse of the Afghanistan government. The S&P 500 index and the Dow Jones Industrial Average both closed higher after falling earlier...

NHTSA Probe Covers Nearly All Teslas Sold Since 2014

Carmaker's Autopilot system seems to have trouble spotting parked emergency vehicles

(Newser) - The US government has opened a formal investigation into Tesla's Autopilot partially automated driving system, saying it has trouble spotting parked emergency vehicles. The investigation covers 765,000 vehicles, almost everything that Tesla has sold in the US since the start of the 2014 model year, per the AP...

Tesla Earnings Call Reveals a Big Milestone

Company's quarterly profit goes over the $1B mark for the first time

(Newser) - Tesla's quarterly profit has surpassed $1 billion for the first time thanks to the electric car pioneer's ability to navigate through a pandemic-driven computer chip shortage that has caused major headaches for other automakers. The financial milestone announced Monday extended a two-year run of prosperity that has erased...

Electric Vehicle Sales Rise Faster Than Overall Market

Tesla's jump helps push US market share up, though it remains small overall

(Newser) - With Tesla out front, electric car sales have jumped in 2021, to more than twice that of the first half of last year. At the same time, Wards Intelligence data show total vehicle sales in the US up 29%, the Wall Street Journal reports. The Model Y crossover SUV, which...

Musk to Opposing Lawyer: 'You Are a Bad Human Being'

He defends Tesla's acquisition of SolarCity

(Newser) - Tesla founder Elon Musk took to a witness stand Monday to defend his company’s 2016 acquisition of a troubled company called SolarCity against a lawsuit that claims he’s to blame for a deal that was rife with conflicts of interest and never delivered the profits he'd promised....

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