Latest Tesla Inc News

Leak of billionaires' tax data draws GOP outcry over privacy

Jun. 10, 2021 17:12 PM EDT

WASHINGTON (AP) — Republicans in Congress are alarmed by the leak of confidential IRS data to the investigative news organization ProPublica, enabling it to reveal that famous billionaires including Warren Buffett, Bill Gates and Mark Zuckerberg paid little in U.S. income tax at times. A...

Hong Kong opens vaccine drive to children aged 12 and older

Jun. 10, 2021 04:44 AM EDT

HONG KONG (AP) — Hong Kong will allow children age 12 and above to receive the Pfizer coronavirus vaccine as it seeks to boost immunization rates in the city. Government officials said Thursday they will offer the vaccine to about 240,000 children from 12 to 15 years...

ProPublica: Many of the uber-rich pay next to no income tax

Jun. 08, 2021 15:17 PM EDT

WASHINGTON (AP) — The rich really are different from you and me: They’re better at dodging the tax collector. Amazon founder Jeff Bezos paid no income tax in 2007 and 2011. Tesla founder Elon Musk’s income tax bill was zero in 2018. And financier George Soros went...

Automakers face a threat to EV sales: Slow charging times

Jun. 07, 2021 18:22 PM EDT

DETROIT (AP) — If the auto industry is to succeed in its bet that electric vehicles will soon dominate the roads, it will need to overcome a big reason why many people are still avoiding them: fear of running out of juice between Point A and Point B. Automakers have...

Asian shares slip, dragged lower by Wall Street tech fall

Jun. 03, 2021 23:54 PM EDT

TOKYO (AP) — Asian shares mostly slipped Friday, dragged lower by a decline in technology stocks on Wall Street. Benchmarks fell in Japan, South Korea and China but rose in Australia. Traders are awaiting the U.S. government’s latest monthly...

GM lifts forecast as chip shortage eases, stock hits record

Jun. 03, 2021 17:40 PM EDT

DETROIT (AP) — Shares of General Motors Co. closed at a record high Thursday after the company said its efforts to manage the global computer chip shortage have worked better than expected, so it's financial results will improve. The company said in a statement Thursday...

Federal agency: Nevada flower near mine should be protected

Jun. 03, 2021 14:30 PM EDT

RENO, Nev. (AP) — An extremely rare wildflower that grows only in Nevada’s high desert where an Australian mining company wants to dig for lithium should be protected under the Endangered Species Act, the U.S. Fish and Wildlife Service said Thursday. The agency...

Automotive chip maker says it's nearly recovered from blaze

Jun. 01, 2021 13:34 PM EDT

DETROIT (AP) — A fire-damaged Japanese factory that supplies many of the auto industry's computer chips is producing about 88% of what it was making before the March blaze, its owner says. Renesas Electronics Corp. said Tuesday that replacements for fire-damaged...

Safety ratings yanked after Tesla pulls radar from 2 models

May. 27, 2021 19:03 PM EDT

DETROIT (AP) — Two key groups that offer automobile safety ratings are yanking their top endorsements from some Tesla vehicles because the company has stopped using radar on its safety systems. Consumer Reports pulled its “Top Pick” status for Tesla's Model 3 and Y...

Ford: Electric vehicles to be 40% of global sales by 2030

May. 26, 2021 19:42 PM EDT

DETROIT (AP) — Ford expects 40% of its global sales to be battery-electric vehicles by 2030 as it adds billions to what it's spending to develop them. The automaker said in a presentation for investors Wednesday that it will add about $8 billion to its EV development...