Tesla

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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
Mar 10, 2023 12:30 PM CST

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
Feb 15, 2023 4:30 PM CST

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...

Mystery of Fatal Tesla Crash With No Driver Is Solved

NTSB report finds that Autopilot was not in use after all in 2021 crash

(Newser) - Authorities say they know why no one was in the driver's seat when a Tesla Model S crashed in 2021, killing the two men inside, and it's not the reason initially believed. Investigators from the National Transportation Safety Board determined that the driver moved into the back seat...

Musk Celebrates Verdict: 'Wisdom of the People Has Prevailed!'

Jurors decide Musk didn't defraud Tesla investors with 2018 posts about EV automaker

(Newser) - A jury on Friday decided Elon Musk didn't defraud investors with his 2018 tweets about electric automaker Tesla in a proposed deal that quickly unraveled and raised questions about whether the billionaire had misled investors. The nine-member jury reached its verdict after less than two hours of deliberation following...

Musk Testifies in Tesla Tweet Trial
Musk Defends His
'420' Tesla Tweets
Jan 23, 2023 6:25 PM CST

Musk Defends His '420' Tesla Tweets

He says he 'felt funding was secured' due to his ownership of SpaceX stock

(Newser) - Elon Musk returned to federal court Monday in San Francisco, testifying that he believed he had locked up financial backing to take Tesla private during 2018 meetings with representatives from Saudi Arabia’s Public Investment Fund—although no specific funding amount or price was discussed. The billionaire Tesla CEO and...

Arguments Begin in Musk&#39;s Tesla Tweet Trial
Musk's Tesla Tweet
Trial Begins
Jan 18, 2023 5:40 PM CST

Musk's Tesla Tweet Trial Begins

'His lies caused regular people ... to lose millions and millions of dollars,' lawyer says

(Newser) - Elon Musk was depicted Wednesday as either a liar who callously jeopardized the savings of "regular people" or a well-intentioned visionary as attorneys delivered opening statements at a trial focused on a Tesla buyout that never happened. Lawyers on opposing sides drew the starkly different portraits of Musk for...

Engineer Says Tesla Self-Driving Video Was Staged

'The intent of the video was not to accurately portray what was available for customers in 2016'

(Newser) - A 2016 video promoting Tesla's self-driving technology wasn't what it appeared to be, a Tesla engineer testified. In previously unreported testimony, Ashok Elluswamy, director of Autopilot software, said the video was staged and the Tesla Model X involved wasn't really driving itself, reports Reuters . "The intent...

Teslas in the US Just Got Less Expensive

There are sudden big price drops on Model 3, Model Y cars in US, Europe as demand slows

(Newser) - Last week, Tesla announced it was slashing the prices on all of its Model 3 and Model Y vehicles in China, in an attempt to keep up with a demand slowdown spurred by a slumping economy. Now, the US and Europe are getting a similar deal: Mashable reports the electric...

Cops Believe Tesla Plunge Off Cliff Was Intentional

2 adults, 2 children survived the terrifying incident

(Newser) - Police have arrested the male driver of a Tesla that plunged off a Northern California cliff Monday, accusing him of intentionally driving off the side of the Pacific Coast Highway in an area known as Devil's Slide. Dharmesh Arvind Patel, 41, who is from the Los Angeles area, survived...

As Tesla Stock Tanks, Musk Has a Message for Staff

CEO assures employees that, one day, 'Tesla will be the most valuable company on Earth!'

(Newser) - Short sellers are celebrating Tesla's plummeting stock prices , but investors aren't happy, and they're now begging CEO Elon Musk—who's sold off billions of dollars worth of his shares to help fund his newest company, Twitter—to stop dumping his stock. Tesla employees are also likely...

Twitter CEO's Other Company Is Not Doing Very Well

Elon Musk blames inflation

(Newser) - Barring any profoundly unexpected news in the coming days, Tesla stock has achieved its worst-ever annual stock performance, losing roughly 70% of its value since its November 2021 peak, per the Wall Street Journal . It's not all CEO Elon Musk's fault, per se, as there are a host...

Musk: I'll Keep Tesla Stock for 18 Months

Stock's value has plunged since Twitter purchase

(Newser) - CEO Elon Musk says he won't sell any more shares in Tesla for 18 months or more, likely an attempt to comfort shareholders of the electric vehicle company who have watched the stock lose nearly half of its value since Musk's purchase of Twitter. "I'm not...

Tesla's Big New Discount Raises Concerns

US buyers can get $7.5K off, which may be a sign of weakening demand

(Newser) - In assessing Elon Musk's business strategy at Tesla, the Wall Street Journal observes that Musk "has frequently boasted how Tesla stands apart from traditional car companies by not relying on the kind of marketing tools, such as advertisements or discounting, to goose demand." Consider demand goosed, in...

This Has Been a Stellar Year for Tesla Short Sellers

They've made around $15B betting against stock, analytics firm

(Newser) - Betting against Tesla was a ruinously bad move in 2020 and 2021, but a winner in 2022, traders say. The company's stock started 2020 trading at around $30 and it hit a peak of more than $400 in November 2021. But it sank to a two-year low of $137....

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