Latest Elon Musk News

FILE - In this Feb. 2, 2020 file photograph, the company logo sits on an unsold 2020 Model X at a Tesla dealership in Littleton, Colo. Shares of Tesla Inc. fell 4% in early trading Thursday, Feb. 13, after the electric vehicle and solar panel maker said it would sell more than $2 billion worth of additional shares. The move comes just two weeks after CEO Elon Musk said the company had enough cash to fund its capital programs and it didn't need to raise any more money. (AP Photo/David Zalubowski, File)

Tesla prices its second offering of stock at $767 apiece

Feb. 14, 2020 7:41 AM EST

PALO ALTO, Calif. (AP) — Tesla priced its second offering of stock at $767 apiece Friday. An announcement Thursday that Tesla would put an additional $2 billion worth of stock on the market surprised almost everyone. Just two weeks ago, CEO Elon Musk said the company had enough cash to fund its capital...

FILE - In this Feb. 2, 2020 file photograph, the company logo sits on an unsold 2020 Model X at a Tesla dealership in Littleton, Colo. Shares of Tesla Inc. fell 4% in early trading Thursday, Feb. 13, after the electric vehicle and solar panel maker said it would sell more than $2 billion worth of additional shares. The move comes just two weeks after CEO Elon Musk said the company had enough cash to fund its capital programs and it didn't need to raise any more money. (AP Photo/David Zalubowski, File)

Tesla offers $2B in added shares, discloses SEC subpoena

Feb. 13, 2020 12:49 PM EST

DETROIT (AP) — Tesla said that is selling $2 billion worth of additional stock, that its U.S. revenue fell last year and that securities regulators are scrutinizing its finances. All of the developments Thursday were disclosed in filings with U.S. Securities and Exchange Commission, which in December...

FILE - In this Feb. 2, 2020, file photo, the company logo shines on the grille of an unsold 2020 Model X at a Tesla dealership in Littleton, Colo. Tesla is now worth more than General Motors, Ford and Fiat Chrysler combined, even though the Big Three together sell more cars and trucks in two weeks than Tesla does in a whole year. (AP Photo/David Zalubowski, File)

Tesla stock is soaring. Madness or visionary investing?

Feb. 4, 2020 6:20 PM EST

DETROIT (AP) — Eight months after it seemed headed for the corporate junkyard, Tesla is now worth more than General Motors, Ford and Fiat Chrysler combined, even though the Big Three together sell more cars and trucks in two weeks than Tesla does in a whole year. In a reversal of fortune analysts find...

FILE - In this Nov. 10, 2019, file photo the company logo shines off the grille of an unsold 2020 Model X at a Tesla dealership in Littleton, Colo. Tesla reports financial results on Wednesday, Jan. 29, 2020. (AP Photo/David Zalubowski, File)

Record sales push Tesla to 2nd straight quarterly profit

Jan. 29, 2020 8:28 PM EST

DETROIT (AP) — Record electric vehicle sales in the fourth quarter helped to push Tesla Inc. to its second-straight quarterly profit, giving bullish investors optimism that sustained black ink lies ahead. The Palo Alto, California, company said it made a $105 million net profit from October through...

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Jan. 23, 2020. Asian shares are mostly higher as health authorities around the world move to monitor and contain a deadly virus outbreak in China and keep it from spreading globally. (AP Photo/Ahn Young-joon)

Asian shares higher despite growing impact of China virus

Jan. 23, 2020 12:42 AM EST

BANGKOK (AP) — Asian shares were mostly higher Thursday as health authorities around the world moved to monitor and contain a deadly virus outbreak in China and keep it from spreading globally. China and other nations have ramped up screenings for fever on aircraft and at airports in measures that...

FILE - In this Jan. 19, 2020, file photo Elon Musk, founder, CEO, and chief engineer/designer of SpaceX speaks during a news conference at the Kennedy Space Center in Cape Canaveral, Fla. The meteoric rise of Tesla shares that pushed the company's value over $100 billion could turn into a supercharged payday for CEO Elon Musk. (AP Photo/John Raoux, File)

Tesla passes $100 billion, teeing up big payout for Musk

Jan. 22, 2020 4:55 PM EST

DETROIT (AP) — The meteoric rise of Tesla shares that recently pushed the company's value over $100 billion could turn into a supercharged payday for CEO Elon Musk. Stock in Tesla Inc. rose another 4.1% Wednesday, pushing the market value of the electric vehicle and solar panel maker past a critical...

This undated image provided by Cruise shows a rendering of an unorthodox electric vehicle called

GM's Cruise heads down new road with new robotaxi concept

Jan. 22, 2020 12:54 AM EST

SAN FRANCISCO (AP) — General Motors' self-driving car company will attempt to deliver on its long-running promise to provide a more environmentally friendly ride-hailing service in an unorthodox vehicle designed to eliminate the need for human operators to transport people around crowded cities. The...

In this Friday, Jan. 17, 2020, photo provided by NASA, astronauts Doug Hurley, left, and Robert Behnken pose in front of a Tesla Model X at a SpaceX launch dress rehearsal, at Kennedy Space Center, in Florida. The NASA astronauts rode to the pad in the Tesla. (Kim Shiflett/NASA via AP)

No astrovans for SpaceX, crews riding to rockets in Teslas

Jan. 19, 2020 6:43 PM EST

CAPE CANAVERAL, Fla. (AP) — Astronauts launched by SpaceX in coming months will ride to their rockets in high fashion. Instead of using a retro-style astrovan, SpaceX crews will travel to the launch pad in Tesla sports cars. Elon Musk, who also runs both SpaceX and the electric car company, used Teslas to...

A Falcon 9 SpaceX rocket lifts off from pad 39A during a test flight to demonstrate the capsule's emergency escape system at the Kennedy Space Center in Cape Canaveral, Fla., Sunday, Jan. 19, 2020. (AP Photo/John Raoux)

SpaceX launches, destroys rocket in astronaut escape test

Jan. 19, 2020 6:33 PM EST

CAPE CANAVERAL, Fla. (AP) — SpaceX completed the last big test of its crew capsule before launching astronauts in the next few months, mimicking an emergency escape shortly after liftoff Sunday. No one was aboard for the wild ride in the skies above Cape Canaveral, just two mannequins. The nine-minute...

In this Nov. 24, 2019, photo, a saleswoman talks about a Tesla Model 3 car at a Tesla showroom in Hangzhou in eastern China's Zhejiang Province. Tesla's Shanghai factory delivered its first cars to customers Monday, Jan. 6, 2020, and chief executive Elon Musk said the electric automaker plans to set up a design center in China to create a model for worldwide sales. (Chinatopix via AP)

Tesla delivers first Chinese-made Model 3 to customers

Jan. 7, 2020 11:09 AM EST

BEIJING (AP) — Tesla's Shanghai factory delivered its first cars to customers Monday and chief executive Elon Musk said the electric automaker plans to set up a design center in China to create a model for worldwide sales. Musk presided at a ceremony where a half-dozen buyers wearing red Tesla T shirts...