Latest Elon Musk News

Jury: Musk didn't defraud investors with 2018 Tesla tweets

Feb. 03, 2023 20:39 PM EST

SAN FRANCISO (AP) — A jury on Friday decided Elon Musk didn’t defraud investors with his 2018 tweets about electric automaker Tesla in a proposed deal that quickly unraveled and raised questions about whether the billionaire had misled investors. The nine-member jury reached its...

Jury clears of Elon Musk of wrongdoing for 2018 tweets in which he declared he had financing to take Tesla private

Feb. 03, 2023 17:59 PM EST
SAN FRANCISCO (AP) — Jury clears of Elon Musk of wrongdoing for 2018 tweets in which he declared he had financing to take Tesla private.

Treasury makes more electric SUVs eligible for tax credits

Feb. 03, 2023 16:16 PM EST

WASHINGTON (AP) — The Treasury Department said Friday it is making more electric vehicles — including SUVs made by Tesla, Ford and General Motors — eligible for tax credits of up to $7,500 under new vehicle classification definitions. The revised standards for EV tax credits...

Nevada says Tesla's possible tax breaks stay secret, for now

Feb. 01, 2023 21:59 PM EST

RENO, Nev. (AP) — The details of any potential tax breaks for Tesla's $3.6 billion expansion of its Nevada factory will remain secret until late February, under a nondisclosure agreement that state officials signed with the electric carmaker. The governor's economic development...

Ex-aide says Elon Musk had 'handshake deal' for Tesla buyout

Feb. 01, 2023 17:45 PM EST

SAN FRANCISCO (AP) — Elon Musk's former chief of staff on Wednesday testified that the billionaire believed he had a “handshake deal" to take Tesla private in 2018 shortly before he tweeted he had the financing for an aborted buyout that is still haunting him in a high-profile trial. ...

Updated permit required to legalize bedrooms at Twitter HQ

Feb. 01, 2023 16:50 PM EST

SAN FRANCISCO (AP) — San Francisco building inspectors have given Twitter's construction contractor two weeks to submit a corrected building use permit if the social media company wants to keep using two conference rooms as bedrooms at its headquarters. The correction notice issued...

EU official pushes Musk for Twitter's progress on new rules

Feb. 01, 2023 06:48 AM EST

LONDON (AP) — A top European Union official told Elon Musk that Twitter needs to make progress in preparing for a new law aimed at curbing hate speech, misinformation and other harmful content, adding pressure on the company to ensure it complies. EU Commissioner Thierry Breton...

Elon Musk's Tesla tweet trial delves into investor damages

Jan. 31, 2023 18:16 PM EST

SAN FRANCISCO (AP) — An Elon Musk tweet declaring he had the financing to take Tesla private in 2018 caused billions of dollars in investor damages after the deal collapsed, according to estimates presented Tuesday at a trial examining the haphazard handling of the buyout proposal. ...

Tech industry job cuts come rapidly and in big numbers

Jan. 31, 2023 16:31 PM EST

In just the past month there have been nearly 50,000 job cuts across the technology sector. Large and small tech companies went on a hiring spree in over the past several years due to a demand for their products, software and services surged with millions of people working remotely. However, even...

Justice Department seeks Tesla automated driving documents

Jan. 31, 2023 11:20 AM EST

The U.S. Justice Department has requested documents from Tesla related to its Autopilot and “Full Self-Driving” features, according to a regulatory filing. “To our knowledge no government agency in any ongoing investigation has concluded that any wrongdoing occurred,” Tesla...