Latest Elon Musk News

Consumer Reports: Tesla automated lane changes are risky

May. 22, 2019 4:34 PM EDT

DETROIT (AP) — A new automatic lane-change feature of Tesla's Autopilot system doesn't work well and could be a safety risk to drivers, according to tests performed by Consumer Reports. The magazine and website tested "Navigate on Autopilot" and found it less competent than human drivers, cutting off other...

Tesla reduces prices on Models S and X amid stock slump

May. 21, 2019 5:50 PM EDT

DETROIT (AP) — Tesla has reduced the prices of its two most expensive models, raising concerns about fading interest in its cars and whether the company can generate enough cash to pay all the bills. On Monday, Tesla cut $3,000 from the price of the Model S sedan and $2,000 from the Model X SUV. The...

Asian stocks mixed after Wall Street fall on Huawei anxiety

May. 21, 2019 12:49 AM EDT

BEIJING (AP) — Asian stocks were mixed Tuesday after anxiety over U.S. restrictions on sales to Chinese tech giant Huawei pulled Wall Street lower. Benchmarks in Shanghai and Seoul advanced, while Tokyo, Hong Kong and Sydney declined. Anxiety over U.S.-Chinese trade tension was reignited by Washington's...

Tesla stock falls as concerns about demand for Model 3 rise

May. 20, 2019 12:41 PM EDT

Shares of Tesla are down 50 percent since September, with concerns about demand for its Model 3 in the U.S. at the forefront. Daniel Ives of WedBush said in a client note Monday that so far there seems to be mixed signals on demand for the Model 3 which could make it harder for Tesla to achieve a profit in its...

Insider Q&A: Velodyne advocates for safer self-driving cars

May. 19, 2019 1:05 PM EDT

DETROIT (AP) — Self-driving Tesla electric vehicles could be on the road sometime next year under CEO Elon Musk's vision to bring financial success to his upstart company. But critics have called that vision faulty, saying Musk can't deploy autonomous vehicles safely without Lidar sensors that send out...

Deere, 3M, Pinterest slip while Cray soars on buyout

May. 17, 2019 4:40 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Friday: Deere & Co., down $11.17 to $134.82 The farm equipment maker's quarterly profit missed expectations amid weakness in the agriculture sector. Cray Inc., up $6.71 to $36.52 The supercomputer maker is being bought by Hewlett...

NTSB: Autopilot was in use before Tesla hit semitrailer

May. 16, 2019 2:39 PM EDT

DETROIT (AP) — A Tesla Model 3 involved in a fatal crash with a semitrailer in Florida March 1 was operating on the company's semi-autonomous Autopilot system, federal investigators have determined. The car drove beneath the trailer, killing the driver, in a crash that is strikingly similar to one that...

US, UK teams share $10M XPRIZE award for child literacy

May. 16, 2019 1:54 AM EDT

LOS ANGELES (AP) — A California company founded by game-developer parents who wanted to help their special-needs son is sharing a $10 million XPRIZE award with a London-based educational nonprofit for programs created to teach illiterate children how to teach themselves to read. The Berkeley-based Kitkit...

The Latest: US, UK teams share $10M XPRIZE award

May. 16, 2019 1:53 AM EDT

LOS ANGELES (AP) — The Latest on the competition for the XPrize For Global Learning (all times local): 8 p.m. A US company founded by game-developer parents who wanted to help their special-needs son and a London-based educational nonprofit have won a $10 million award for software they developed to teach...

Japanese space startup aims to compete with US rivals

May. 15, 2019 9:58 AM EDT

TOKYO (AP) — A Japanese startup that launched a rocket into space earlier this month plans to provide low-cost rocket services and compete with American rivals such as SpaceX, its founder said Wednesday. Interstellar Technology Inc. founder Takafumi Horie said a low-cost rocket business in Japan is...