Latest Palo Alto News

Is Elon Musk closing troublesome Twitter account or teasing?

Jun. 17, 2019 6:20 PM EDT

SAN FRANCISCO (AP) — Tesla CEO Elon Musk abruptly revealed that he is closing the popular Twitter account that has repeatedly landed him in legal trouble, but then proceeded to keep it open long after announcing he had deleted it. The mixed messaging began to unfold Sunday when Musk changed his Twitter...

Tesla shares bounce on leaked memo about rising sales

May. 23, 2019 6:59 PM EDT

Shares of Tesla, suffering one of the worst stretches in company history, rebounded Thursday after CEO Elon Musk told employees that orders are up. The company's stock closed up 1.4% to $195.49 on a volatile day that started out with a loss. Tesla stock has shed 16% in the past three weeks and about 41% since the...

Musk doubles down on investment as Tesla raises capital goal

May. 3, 2019 1:39 PM EDT

DETROIT (AP) — Tesla CEO Elon Musk is more than doubling the stock he will buy in a new public offering in an apparent bid to earn investors' confidence as he tries to turn around his struggling electric car company. Musk raised his latest investment from $10 million to $25 million on Friday as Tesla...

Tesla to raise money after painful 1Q, and Musk is buying in

May. 2, 2019 5:41 PM EDT

PALO ALTO, Calif. (AP) — A week after revealing a huge first quarter loss and the need to raise cash, Tesla is doing just that with CEO Elon Musk buying $10 million in new shares being offered as part of a stock and debt offering that could raise more than $2 billion. Tesla said Thursday that it's selling...