Latest Tesla Inc News

Musk vows fast fix for new "money furnace" Tesla factories

Jun. 23, 2022 14:11 PM EDT

Tesla CEO Elon Musk described the electric automaker's factories in Austin and Berlin as “money furnaces” that were losing billions of dollars because supply chain breakdowns were limiting the number of cars they can produce. In a May 30 interview with a Tesla owners club that...

Elon Musk's daughter granted legal name, gender change

Jun. 23, 2022 14:08 PM EDT

LOS ANGELES (AP) — A California judge has approved a request by Tesla CEO Elon Musk’s adult daughter to change her name and gender on her birth certificate. Vivian Jenna Wilson filed the petition in Los Angeles County Superior Court the day after turning 18 in April. ...

Former Tesla worker rejects $15 million award in racism case

Jun. 22, 2022 22:54 PM EDT

A Black former Tesla worker who said he was harassed and faced with “daily racist epithets,” including the “N-word,” while working at the company's Fremont, California, plant has rejected a substantially reduced award of $15 million in his lawsuit. Owen Diaz, who worked at...

Edmunds: 2022 BMW i4 versus 2022 Polestar 2

Jun. 22, 2022 07:21 AM EDT

BMW has a well-established history of developing luxury sport sedans, and now the automaker has set its sights on dominating the all-electric segment with its new 2022 i4. The BMW i4 is about the size of a 3 Series and offers an engaging driving experience. If you’re looking for an alternative to...

Kellogg, Spirit Airlines rise; Acadia, ODP fall

Jun. 21, 2022 16:36 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday: Tesla Inc., up $60.83 to $711.11. CEO Elon Musk reportedly confirmed that the electric vehicle maker will cut its salaried workforce by about 10%. Kellogg Co., up...

Elon Musk's $44 billion Twitter deal gets board endorsement

Jun. 21, 2022 09:20 AM EDT

NEW YORK (AP) — Twitter's board has recommended unanimously that shareholders approve the proposed $44 billion sale of the company to billionaire and Tesla CEO Elon Musk, according to a regulatory filing Tuesday. Musk reiterated his desire to move forward with the acquisition last...

SpaceX reported to fire employees critical of CEO Elon Musk

Jun. 17, 2022 19:29 PM EDT

HAWTHORNE, Calif. (AP) — SpaceX, the rocket ship company run by Tesla CEO Elon Musk, has fired several employees involved in an open letter that blasted the colorful billionaire for his behavior, according to media reports. The reports published Friday cited an email from Gwynne...

Abbott, Allstate fall; Procter & Gamble, NexTier rise

Jun. 16, 2022 16:18 PM EDT

Stocks that traded heavily or had substantial price changes Thursday: Tesla Inc., down $59.70 to $639.30. The electric vehicle maker is reportedly raising prices on some of its models. Nvidia Corp., down $9.26 to $156.01. The chipmaker...

Musk aims to ease concerns in address to Twitter workers

Jun. 16, 2022 15:27 PM EDT

In an unusual move for what’s been an unusual takeover bid for Twitter by the world’s richest man, Tesla CEO Elon Musk met virtually with the social platform’s employees Thursday, even though his $44 billion offer has not yet been completed. "Trust is as trust does. I tend to...

Musk appeals ruling that upheld securities fraud settlement

Jun. 16, 2022 11:43 AM EDT

DETROIT (AP) — Tesla CEO Elon Musk is appealing a federal court ruling that upheld a securities fraud settlement over Musk's tweets claiming that he had the funding to take Tesla private in 2018. Musk's lawyer Alex Spiro filed a notice of appeal Wednesday with the federal appeals...