Latest Elon Musk News
Tesla CEO heads down perilous road in pursuit of profit
Tesla has lost nearly $6 billion since setting out to revolutionize the auto industry 15 years ago, but CEO Elon Musk foresees a profitable future fueled in part by a ride-hailing service made up of electric cars driven by robots. The mind-blowing concept is something Musk first outlined in a master plan three...
Tesla CEO plans to hand the car keys to robots next year
SAN FRANCISCO (AP) — Tesla CEO Elon Musk expects to start converting the company's electric cars into fully self-driving vehicles next year as part of an audacious plan to create a network of robotic taxis to compete against Uber and other ride-hailing services. The vision sketched out Monday during an...
The Latest: Tesla to introduce new ride-hailing service
SAN FRANCISCO (AP) — The Latest on Tesla's plans for fully-autonomous vehicles (all times local): ___ 1:50 p.m. Tesla says it will introduce a ride-hailing service with no humans driving the vehicles. CEO Elon Musk and others detailed the company's plans to have self-driving vehicles operational by next...
Kimberly-Clark and Marathon Oil post gains while Tesla falls
NEW YORK (AP) — Stocks that moved substantially or traded heavily on Monday: Kimberly-Clark Corp., up $6.70 to $130.25 The maker of Kleenex tissues and other consumer products reported a surge in profit that beat forecasts. Marathon Oil Corp., up $1.16 to $18.78 The oil company and its peers are benefiting...
This Week: US home sales, Tesla earns, Amazon earns
A look at some of the key business events and economic indicators upcoming this week: HOUSING MARKET BELLWETHER Economists project that sales of previously occupied homes declined in March from a month earlier. U.S. home sales surged 11.8% in February, aided by accelerating wages and falling mortgage rates, a...
Tesla wants to cut size of board from 11 directors to 7
PALO ALTO, Calif. (AP) — Tesla plans to cut its board of directors from 11 to seven in a move the electric-car maker says will allow the board to act more nimbly and efficiently. Tesla says the four directors who will depart aren't leaving because of any disagreement with the company. The board has come...
Musk, SEC get another week to reach deal in contempt case
NEW YORK (AP) — Lawyers for Tesla CEO Elon Musk and U.S. securities regulators are getting another week to negotiate a deal to keep Musk from being found in contempt of court. Both sides say in a letter filed Thursday with a federal court in New York that they talked for over an hour this week and are...
SpaceX's recovered core booster damaged in rough seas
CAPE CANAVERAL, Fla. (AP) — A SpaceX rocket booster that landed on an ocean platform after last week's launch has been damaged in rough seas. For the first time, all three first-stage boosters landed upright following Thursday's launch of the company's Falcon Heavy, the most powerful rocket in use. Both...
SpaceX launches mega rocket, lands all 3 boosters
CAPE CANAVERAL, Fla. (AP) — SpaceX launched its second supersized rocket and for the first time landed all three boosters Thursday, a year after sending up a sports car on the initial test flight. The new and improved Falcon Heavy thundered into the early evening sky with a communication satellite called...
SpaceX delays mega rocket launch due to high wind shear
CAPE CANAVERAL, Fla. (AP) — SpaceX has delayed the launch of its newest mega rocket because of dangerously high wind. The Falcon Heavy was poised to blast off from NASA's Kennedy Space Center in Florida on Wednesday night with a communication satellite. But SpaceX chief Elon Musk said upper-level wind...
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