Tesla

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Elon Musk Unloads $5B in Tesla Stock

$1.1B of it will go toward taxes

(Newser) - Since Twitter voted that he should sell 10% of his Tesla stock, Elon Musk has sold off about $5 billion worth of shares. The Tesla CEO on Monday sold $1.1 billion worth—in a plan that was set in motion in September, long before the poll, MarketWatch notes—and...

Markets' Longest Winning Streak Since 2019 Is Over

Tesla drops another 12%

(Newser) - US stocks closed lower Tuesday, ending the market’s longest winning streak in more than two years. The S&P 500 fell 0.4%. The Dow Jones Industrial Average lost 0.3% and the Nasdaq fell 0.6%. Tesla slumped again, losing 12% after its CEO Elon Musk said over...

Elon Musk Asks Twitter Users to Decide His Stock Move
Twitter
Makes a
Big Decision
for Elon Musk
UPDATED
Nov 8, 2021 12:02 AM CST

Twitter Makes a Big Decision for Elon Musk

Nearly 58% vote in favor of him selling 10% of his Tesla stock

(Newser) - Update: Twitter has spoken. Of the more than 3.5 million users who took part in Elon Musk's poll, 57.9% of them voted that, yes, he should sell 10% of his Tesla stock, the Verge reports. In proposing the poll, the Tesla CEO had pointed out, "Note,...

Elon Musk, Hertz Seem to Disagree on Their Deal

Musk says there's no contract, while Hertz says the first of 100K Teslas are being delivered

(Newser) - Last month, Hertz made big headlines by announcing it had a huge deal with Tesla to buy 100,000 electric cars. The news sent shares of Tesla soaring. Now comes this twist courtesy of Elon Musk: "I’d like to emphasize that no contract has been signed yet,"...

Elon Musk Answers UN Challenge on Hunger Donation

Tesla founder questions whether $6B will solve the problem

(Newser) - Challenged by a United Nations official to donate enough money to help solve world hunger, Elon Musk responded with a challenge of his own. David Beasley, director of the World Food Program, had called on Musk, Jeff Bezos, and others among the world's wealthiest people to make a one-time...

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...

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