Latest Tesla Inc News

Ruling could dampen government efforts to rein in Big Tech

Jul. 03, 2022 10:25 AM EDT

The Supreme Court’s latest climate change ruling could dampen efforts by federal agencies to rein in the tech industry, which went largely unregulated for decades as the government tried to catch up to changes wrought by the internet. In the 6-3 decision that was narrowly tailored...

Tesla's 2Q sales drop amid supply chain, pandemic problems

Jul. 02, 2022 14:07 PM EDT

DETROIT (AP) — Tesla's sales from April through June fell to their lowest quarterly level since last fall as supply chain issues and pandemic restrictions in China hobbled production of its electric vehicles. The company on Saturday disclosed it sold more than 254,000 cars and SUVs...

Musk meets pope, uses Twitter to announce the audience

Jul. 02, 2022 13:09 PM EDT

ROME (AP) — Tesla CEO Elon Musk, whose $44 billion bid to buy Twitter remains in limbo, used the social media platform to announce he had met with Pope Francis. “Honored to meet @Pontifex yesterday,” Musk tweeted of the Friday afternoon audience, alongside a photo showing Musk,...

Chip shortage keeps driving up auto prices, cutting sales

Jul. 01, 2022 16:26 PM EDT

DETROIT (AP) — U.S. new vehicle sales tumbled more than 21% in the second quarter compared with a year ago as the global semiconductor shortage continued to cause production problems for the industry. Yet demand still outstripped supply from April through June, even with $5 per...

From stocks to crypto, a punishing six months for investors

Jun. 30, 2022 17:23 PM EDT

Americans with stock portfolios or retirement investment plans would likely prefer to forget the last six months. The S&P 500, Wall Street’s broad benchmark for many stock funds, closed the first half of 2022 with a loss of more than 20% after starting the year at an all-time...

Slightly fewer Americans apply for jobless claims last week

Jun. 30, 2022 08:41 AM EDT

WASHINGTON (AP) — Slightly fewer Americans applied for unemployment benefits last week, reflecting a robust job market despite rising job cuts in some sectors of the economy that have cooled in recent months. Applications for jobless aid for the week ending June 25 ticked down to...

New NHTSA chief: Agency to scrutinize auto-driver technology

Jun. 29, 2022 18:52 PM EDT

WASHINGTON (AP) — The new head of the government's road safety agency says it will intensify efforts to understand the risks posed by automated vehicle technology so it can decide what regulations may be necessary to protect drivers, passengers and pedestrians. In an interview...

Netflix co-founder helps direct startups amid tech turmoil

Jun. 27, 2022 08:12 AM EDT

SANTA CRUZ, Calif. (AP) — Longtime Netflix CEO Reed Hastings is renowned for building a video streaming service that has transformed entertainment, but it probably wouldn't have happened if not for his friendship with serial entrepreneur Marc Randolph. While brainstorming with...

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. ...