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+11 +1
Short seller sues Tesla, Elon Musk, claiming buyout tweets were fraudulent
Three days after Elon Musk tweeted that he had "funding secured" to take Tesla private, we still don't know who, if anyone, has agreed to provide the billions of dollars needed to buy out the company. But plaintiffs' lawyers aren't waiting any longer for Musk to provide more details. On Friday, stock trader Kalman Isaacs filed a class-action lawsuit arguing that Musk's Tuesday tweets constituted securities fraud. The lawsuit, first reported by Reuters, appears to be the first one claiming that Musk's Tuesday tweets violated federal securities law.
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+17 +1
Elon Musk says he'll offer ‘short shorts’ as Tesla merch, in a new dig at stock's bearish investors
Tesla fans can buy branded t-shirts, jackets, hats and hoodie sweatshirts. Soon, they will also be able to buy Tesla "short shorts," according to a tweet from Tesla CEO Elon Musk, in his seemingly never-ending war of words against investors betting against the company. Tesla did not immediately respond to an email seeking information on cost and when the "short shorts" will be available.
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+14 +1
Lawsuits accuse Tesla's Musk of fraud over tweets, going-private proposal
Tesla Inc and Chief Executive Elon Musk were sued twice on Friday by investors who said they fraudulently engineered a scheme to squeeze short-sellers, including through Musk’s proposal to take the electric car company private. The lawsuits were filed three days after Musk stunned investors by announcing on Twitter that he might take Tesla private in a record $72 billion transaction that valued the company at $420 per share, and that “funding” had been “secured.”
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+9 +1
Tesla planning to launch mini-car an adult can squeeze in?
Musk tweets about a mini electric car. Twitter goes wild.
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+12 +1
Tesla Solar Roof Owner Reveals the Cost and Surprising Savings in New Video
One of the first owners of a Tesla Solar Roof says he’s “amazed” by the product, revealing the surprising usage statistics behind the company’s blend-in tiles. Tri Huynh, a senior manager at Nvidia that made headlines in March when he first shared photos of his installation, gave a new interview on Saturday detailing his experiences.
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+9 +1
Tesla Powerpacks aid Samoa's transition to 100% renewable energy
The island nation of Samoa is continuing its effort to convert from diesel-reliant powerplants to 100% renewable energy with the help of Tesla’s scalable Powerpack battery storage solution. Over the past year, the California-based electric car and energy company had been hard at work installing and launching two Tesla Powerpack sites in the country, both of which are designed to capture the abundance of renewable energy, otherwise lost without a means for storage, and offer grid stability to local utilities.
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+1 +1
Tesla Stock Analysis – Bad Fundamentals = Bad Investment
Tesla Stock Analysis - Tesla is one among those stocks that do not need much consideration before investing into it. Because, people believe that the stock has always been in trend and will remain in trend forever. Isn’t that notion completely contradicting? At one stance, we deem that stock prices
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+12 +1
After Elon Musk's 'Pedo' Tweet, Tesla Shares Fall 4%
Tesla’s stock lost 4% of its value Monday following a rough weekend for its CEO Elon Musk. Musk, who has taken to Twitter in recent weeks to combat his critics, drew criticism this weekend after calling a diver involved in the rescue of a Thai soccer team a “pedo.” The diver, Vern Unsworth, had criticized Musk’s effort to create a small submarine to rescue the soccer team members.
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+15 +1
Elon Musk calls British diver who helped rescue Thai schoolboys 'pedo guy' in Twitter outburst
Elon Musk has called a British diver who helped rescue schoolboys from a flooded cave in Thailand ‘pedo guy’ on Twitter. The entrepreneur’s outburst came after diver Vern Unsworth told Mr Musk to “stick his submarine where it hurts” after describing his offer to help with a miniature submersible as a “PR stunt”. Mr Musk travelled to the Tham Luang caverns in Chiang Rai this week and presented the six-foot submarine - which he said could help free 12 schoolboys stranded for weeks inside the cave.
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+12 +1
Tesla's China factory: Will it ever be built?
Tesla has reached a preliminary agreement with the Shanghai government to build an auto factory that would rival production from its lone U.S. assembly plant, as Elon Musk takes his biggest step yet to expand overseas.
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+15 +1
How Tesla is doing everything to get Model 3 cars out the door
Tesla CEO Elon Musk needs to make more cars. The company has fallen short of Model 3 production goals since it started making the mass-market car last summer, promising 5,000 cars per week by the end of 2017 but only delivering 2,425 a week over the last three months of the year. In an effort to drastically ramp up production, Tesla employees are now tinkering with the core designs of the Model 3 car and the production process, detailed by a New York Times report (paywall), something that experts say is unprecedented.
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+25 +1
Tesla and PG&E are working on a massive ‘up to 1.1 GWh’ Powerpack battery system
For the past few months, Tesla and CEO Elon Musk have been teasing a giant battery project that would dwarf even the company’s 129 MWh Powerpack project in Australia. Today, we learn that Tesla is working with PG&E on a massive battery system with a capacity of “up to 1.1 GWh” in California.
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+11 +1
Tesla’s $35,000 Model 3 Could Now Cost You $78,000 (So what? Read full article)
Elon Musk’s Model 3, once touted as Tesla’s $35,000 car for the masses, can now set a buyer back almost $80,000. Musk unveiled specifications for a faster and more powerful version of the Model 3 in a series of tweets over the weekend. It will cost $78,000, more than double the $35,000 base-model starting price discussed into the run-up before the electric car’s deliveries started last year. And that doesn’t include the Autopilot driver-assist feature.
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+4 +1
Tesla workers say they pay the price for Elon Musk's big promises
It was “a master class in emotional intelligence”, raved the business magazine Inc, and “a powerful lesson in authentic, heartfelt leadership”. Elon Musk, the chief executive of Tesla, had emailed his entire staff following the May 2017 publications of separate investigations by the Guardian and a workplace safety organization showing high injury rates at the company’s northern California electric car factory.
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+18 +1
Tesla to cut 9% of staff as Elon Musk's electric car company seeks profitability
Tesla is slashing thousands of jobs, its chief executive, Elon Musk, announced Tuesday, as the electronic car company attempts to hit production targets and reach profitability. Musk called the job cuts, which will affect about 9% of the company’s more than 40,000 employees, “difficult, but necessary” in a tweet that contained the email he had sent to employees announcing the layoffs.
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+13 +1
Fatal Tesla Autopilot crash driver had hands off wheel: U.S. agency
The driver of a Tesla Inc Model X car using Autopilot did not have his hands on the steering wheel in the six seconds before a fatal crash in California in March, the U.S. National Transportation Safety Board said Thursday.
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+9 +1
Tesla shareholders reject bid to strip Musk of chairman role
Tesla CEO Elon Musk has rebuffed a shareholder attempt to overhaul the electric car maker's board and strip him of his role as chairman, despite worries about the company's shaky finances and inability to meet its production goals for its first mass-market sedan. All three directors seeking to remain on Tesla's nine-member board were re-elected during the company's annual meeting held Tuesday in Mountain View, California.
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+8 +1
Tesla reveals plans for a new factory in Shanghai at shareholder meeting
In the states, Tesla already operates a massive Gigafactory in Nevada, where it makes batteries for both its vehicles and home energy products. It also operates an assembly plant in Fremont, California where it makes the Model S, Model X and Model 3. Musk also reflected on past challenges in Tesla factories, explaining as he has in the past that the company has had mixed luck with automation:
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+12 +1
Tesla can change so much with over-the-air updates that it’s messing with some owners’ heads
When Consumer Reports recently found that the braking distance on the Tesla Model 3 was worse than that of a Ford F-150, CEO Elon Musk took the criticism and found a solution. Days later, Tesla shipped an over-the-air update that, according to CR’s testing, improved the braking distance by 19 feet. It’s a wild idea: your car automatically downloads some code, and it’s instantly safer. It also wasn’t possible even a few years ago, and some have held it up as an ideal example of how futuristic technologies can make our lives better.
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+12 +1
Tesla starts to release its cars' open-source Linux software code
Tesla is still a long way from fully releasing its cars' full open-source programs and Linux operating system code, but it's on its way.
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