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+13 +1
Elon Musk lost $10 billion in net worth in a single day after sexual misconduct claims emerged
Tesla CEO Elon Musk lost $10 billion in just a single day after claims of sexual misconduct against him emerged. He was worth about $212 billion on Thursday, according to the Bloomberg Billionaires Index. After news of the allegations broke on Thursday night, his wealth fell to around $201 billion, the index showed.
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+16 +1
Bluetooth attack can remotely unlock Teslas and smart locks
The new relay attack also works against smart locks.
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+11 +1
Tesla workers in Shanghai will reportedly sleep and eat in the factory after COVID shutdowns
Tesla is restarting production at its massive Shanghai factory as the city of 25 million begins to ease lockdown restrictions following a substantial COVID outbreak. According to a report from Bloomberg News that cites internal company memos, the factory will re-open in what’s being called a “closed-loop system” — an approach encouraged by Shanghai authorities to get people back into the workplace while maintaining the country’s zero-covid strategies.
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+13 +1
Elon Musk keeps investors in dark about Tesla stock split after missing SEC deadline
Tesla left its devoted following of retail investors in the lurch over plans for an upcoming stock split after missing a key regulatory deadline. In late March, the company said its board would seek shareholder approval for its second split in two years, but stopped short of providing the concrete ratio. Instead it promised additional details would be provided as part of its "definitive proxy statement", essentially the agenda for an upcoming annual meeting.
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+8 +1
Tesla cancels employee bonuses tied to delivery quotas, raises salaries to compensate
Tesla has decided to cancel any employee bonuses tied to its quarterly delivery quotas. The automaker is also raising base salaries for sales and delivery employees to compensate for the bonuses going away. However, it looks like it will result in an overall reduction in compensation for most of those Tesla employees.
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+3 +1
Elon Musk says he confronted Bill Gates about shorting Tesla
Elon Musk has accused Microsoft co-founder Bill Gates of shorting Tesla. In a tweet on Friday, the Tesla CEO admitted that he asked Gates if he was short-selling shares of the electric carmaker. When investors short a stock, they are betting that the price of the asset will fall.
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+25 +1
Tesla must pay ex-worker $15 million for “disturbing” racist abuse, judge rules
On Wednesday, a federal judge rejected Tesla's claim that it is not liable for "disturbing" racist abuse suffered by an ex-factory worker. US District Judge William Orrick rejected what he called Tesla's "watered-down revisionism" that cast plaintiff Owen Diaz's suffering as "mild and short-lived."
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+27 +1
Tesla officially opens Texas Gigafactory
Production for the Cybertruck is expected to start in 2023.
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+21 +1
Tesla delivered over 310,000 vehicles despite ‘exceptionally difficult quarter’
Tesla delivered 310,048 vehicles in the first quarter of 2022, despite what Tesla CEO Elon Musk says was an “exceptionally difficult quarter,” citing global supply chain issues and a brief closure at Tesla’s Shanghai factory, as reported by CNBC.
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+16 +1
Tesla wants to split its stock so it can pay a stock dividend; shares gain
Tesla wants to split its stock so it can pay a stock dividend to shareholders, according to a filing Monday. The Securities and Exchange Commission filing said the electric car maker will ask at its annual shareholders meeting “for an increase in the number of authorized shares of common stock ... in order to enable a stock split of the Company’s common stock in the form of a stock dividend.”
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+13 +1
Tesla raises prices across entire range, with its cheapest car now starting at $46,990
Tesla has raised prices across its entire line-up of electric vehicles. Prices have increased by between 5 to 10 percent, with the cheapest car the company sells — the Model 3 Rear-Wheel Drive — now starting at $46,990, while its top-end Model X Tri motor saw a price increase of $12,500, from $126,490 to $138,990. It’s the second price bump Tesla has implemented in less than a week, after it increased the cost of certain long-range models last Wednesday.
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+22 +1
Elon Musk agrees with UAW to Unionize Tesla California Factory
Joe Biden mentioned all Tesla competitors but not tesla because the only reason is that Musk criticized the Biden administration and Democrats for a proposal to union-made, American-built electric cars with additional $4,500 tex incentives.
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+18 +1
Tesla settles with EPA over Clean Air Act violations in California
The US Environmental Protection Agency has reached a settlement with Tesla after the agency found that the automaker violated the Clean Air Act at its factory in Fremont, California. In particular, the EPA determined that Tesla violated the National Emission Standards for Hazardous Air Pollutants for Surface Coating of Automobiles and Light-Duty Trucks from October 2016 to September 2019.
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+19 +1
Tesla faces another US investigation: unexpected braking
U.S. auto safety regulators have launched another investigation of Tesla, this time tied to complaints that its cars can stop on roads for no apparent reason. The government says it has 354 complaints from owners during the past nine months about "phantom braking" in Tesla Models 3 and Y. The probe covers an estimated 416,000 vehicles from the 2021 and 2022 model years.
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+4 +1
Musk donated over $5.7 bln in Tesla shares to charity in Nov
Tesla chief executive Elon Musk donated a total of 5,044,000 shares in the world's most valuable automaker to a charity from Nov. 19 to Nov. 29 last year, its filing with the U.S. Securities and Exchange Commission (SEC) showed on Monday.
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+14 +1
Horrific allegations of racism prompt California lawsuit against Tesla
Racist slurs were hurled daily at Black workers at Tesla’s California plant, delivered not just by fellow employees but also by managers and supervisors, California’s civil rights agency alleges in an explosive lawsuit filed against the company Thursday.
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+4 +1
Tesla says the SEC delivered another subpoena in ongoing conflict over Musk tweets
The U.S. Securities and Exchange Commission issued a new subpoena to Tesla in November 2021, a financial filing from the company revealed on Monday. The financial regulator is trying to determine whether Elon Musk and his electric car maker complied with a revised settlement agreement that the agency struck with them in 2019. According to Tesla’s filing, the SEC is seeking information on the company’s “governance processes around compliance with the SEC settlement, as amended.”
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+13 +1
Elon Musk says Tesla will raise price of "Full Self-Driving" driver assistance to $12,000
In a series of posts on Twitter, where he has 69.2 million followers, Musk wrote, "Tesla FSD price rising to $12k on Jan 17. Just in the US."
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+14 +1
Elon Musk criticizes California's proposal to cut solar energy incentives as 'anti-environment'
Tesla CEO Elon Musk has accused California's government of pushing "anti-environment" legislation. The California Public Utilities Commission put forward a proposal last month that would slash the amount of incentives available to people who install solar energy systems on their roofs. The proposal is due to be voted on later this month.
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+16 +1
Tesla delivered 936,172 electric vehicles in 2021, with the fourth-quarter setting a new record
Tesla on Sunday said it delivered 308,600 electric vehicles in the fourth quarter of 2021, beating its previous single-quarter record as well as analysts’ expectations. The automaker produced 305,840 fully electric vehicles total during the same period.
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