Tesla

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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....

Richard Branson's 3am Visitor Before Space Flight: Elon Musk

Tesla founder stopped by Branson's kitchen

(Newser) - Richard Branson got a visit from another billionaire in the wee hours of Sunday, just before his historic trip to space: Elon Musk. The Virgin Group founder tweeted a photo of himself with the (barefoot) Tesla founder two hours before the flight launched, Business Insider reports. Branson later explained at...

Tesla's New Car Is Making Headlines, but Not in Good Way

Pennsylvania driver narrowly escaped his Model S Plaid after it burst into flames, lawyers say

(Newser) - A driver's brand-new six-figure Tesla gave him quite the scare this week in Pennsylvania, and his lawyers say he's lucky to be alive. Mark Geragos and Jason Setchen, attorneys said to be representing the owner of the vehicle, a Tesla Model S Plaid, tell the Washington Post their...

Tesla Issues Warning to 285K Chinese Drivers

Thousands of the electric cars may experience dangerous cruise-control problems

(Newser) - Tesla has taken steps to avoid further bad press in China, where owners of 285,000 of the electric vehicles have been told they must update their car software in order to fix a potentially dangerous cruise-control issue. Per the Wall Street Journal , China's State Administration for Market Regulation...

SEC Not Happy With 2 of Elon Musk's Tweets: Report

'Wall Street Journal' reports on previously undisclosed correspondence

(Newser) - The Securities and Exchange Commission believes Tesla CEO Elon Musk has twice violated a court order requiring the company's lawyers to approve certain tweets about Tesla before he posts them, according to documents obtained by the Wall Street Journal . Regulators sent letters to Tesla in 2019 and 2020 saying...

Cop to Driver: 'I Followed You for About 2 Miles and You Were Sleeping'

Wisconsin authorities say man was behind the wheel of a Tesla using its Autopilot feature

(Newser) - According to the Tesla website , the Autopilot feature built in to all of its new vehicles offers "advanced safety and convenience features ... designed to assist you with the most burdensome parts of driving." For an Illinois man who took a spin in Wisconsin over the weekend, one of...

Tesla in Autopilot Mode Crashes Into Police SUV

Nobody was injured in Washington crash

(Newser) - A Washington state man thought his Tesla's autopilot mode would automatically avoid a parked vehicle in its path. He was incorrect. The man's Tesla Model S crashed into a police SUV that was parked on the shoulder with its emergency lights on, NBC reports. A deputy responding to...

Elon Musk Crashes Bitcoin With Tesla News

Company won't be accepting BTC payments anymore

(Newser) - Bitcoin prices fell as much as 14% after a Wednesday tweet from Elon Musk with big news: Tesla will no longer accept Bitcoin payments. "We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel,...

After Arrest, Driverless Tesla Guy Does It Again

California's Param Sharma defiant despite recent fatal crash in Texas

(Newser) - A man has been arrested after repeatedly riding in the backseat of a Tesla in Autopilot mode, with no one in the driver's seat—something he says he'll continue to do regardless. California Highway Patrol said it was aware of "an incident involving a man riding in...

Elon Musk Adding Something Unexpected to Resume

Billionaire will host SNL

(Newser) - Elon Musk is again doing something unlikely for one of the world's richest people : hosting Saturday Night Live. As the AP notes, it's not a typical choice for the sketch comedy show, either. But the timing may be just right for the self-anointed "Technoking" of Tesla, whose...

After Crash, Team Tricks Tesla's Autopilot

Consumer Reports engineers make car go without anyone in the driver's seat

(Newser) - After two people were killed over the weekend when a Tesla hit a tree in Texas, local officials said the car apparently was on autopilot when it crashed , without anyone in the driver's seat. When CEO Elon Musk tweeted that it looked like autopilot wasn't engaged and couldn'...

Labor Board Says Musk Tweet Must Be Deleted

Tesla CEO threatened workers with loss of benefits if they supported union

(Newser) - Tesla CEO Elon Musk has tweeted his way into trouble with another federal agency, this time the National Labor Relations Board. The board on Thursday found that a May 20, 2018, Musk tweet unlawfully threatened employees with loss of stock options if they chose to be represented by the United...

Elon Musk Gets Funky New Title
Elon Musk
Gets Funky
New Title 
Mar 15, 2021 12:00 PM CDT

Elon Musk Gets Funky New Title

He is now 'technoking' of Tesla, and chief financial officer is 'master of coin'

(Newser) - In the grand scheme, nothing has changed: Elon Musk is still the chief executive officer of Tesla, and Zach Kirkhorn is still the company's chief financial officer. But both men now have official new titles, notes CNBC , and both are doozies. Here is how things are stated in a...

Hush-Hush Tesla Project Plugs Texas Into 'Mega-Battery'

Elon Musk's company reportedly has secret power supply set up after electric grid failed last month

(Newser) - Elon Musk has inserted himself into electric cars , space travel , artificial intelligence , and cryptocurrency , so why not take a dive into the US utilities arena? That's apparently what's happening in Texas, where Musk's Tesla is said to have secretly set up a "mega-battery" outside Houston after...

Monday Wasn't a Great Day for Elon Musk

Tesla CEO loses $15B as company shares, and Bitcoin, slide

(Newser) - Holding on to the title of world's richest person is tricky business. Elon Musk, who took the crown earlier this year, has given it back to Jeff Bezos, reports Bloomberg . Musk lost $15 billion on Monday alone as Tesla's stock slid nearly 9%. That knocked Musk's net...

Tesla Drops 8.5% on Bad Day for Big Tech
Big Tech Just Had
a Bad Day on Wall St.
MARKETS
Feb 22, 2021 3:50 PM CST

Big Tech Just Had a Bad Day on Wall St.

American Airlines was among the big winners

(Newser) - Stocks closed mostly lower on Wall Street Monday, dragged down by losses in several Big Tech companies. The pullback helped drag down the Nasdaq and the S&P 500, while the Dow, which isn't as heavily weighted with tech stocks, rose, the AP reports. The S&P 500 fell...

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