Latest Tesla Inc News

Weakness in tech stocks pulls Wall Street back from records

Jul. 27, 2021 17:36 PM EDT

A slide in technology and consumer-oriented companies helped pull stocks lower on Wall Street Tuesday, dragging the major indexes below the record highs they set a day earlier. The S&P 500 fell 0.5%, snapping a five-day winning streak. The selling was most pronounced...

EXCLUSIVE: Biden mileage rule to exceed Obama climate goal

Jul. 27, 2021 17:17 PM EDT

WASHINGTON (AP) — In a major step against climate change, President Joe Biden is proposing a return to aggressive Obama-era vehicle mileage standards over five years, according to industry and government officials briefed on the plan. He's then aiming for even tougher anti-pollution rules...

Tesla reaches milestone with first $1B quarterly profit

Jul. 26, 2021 22:00 PM EDT

SAN RAMON, Calif. (AP) — Tesla's quarterly profit has surpassed $1 billion for the first time thanks to the electric car pioneer's ability to navigate through a pandemic-driven computer chip shortage that has caused major headaches for other automakers. The financial...

GM issues 2nd Bolt recall; faulty batteries can cause fires

Jul. 23, 2021 13:28 PM EDT

DETROIT (AP) — General Motors is recalling some older Chevrolet Bolts for a second time to fix persistent battery problems that can set the electric cars ablaze. Until repairs are done, GM says owners should park the cars outdoors, limit charging to 90% of battery...

Earnings scheduled for the week of 7/26/2021

Jul. 23, 2021 06:11 AM EDT

Major companies tentatively scheduled to post quarterly earnings next week: MONDAY, July 26 Tesla Inc. reports quarterly financial results after the market close. TUESDAY, July 27 United Parcel Service Inc....

Spain: Judge jails suspect wanted by US in 2020 Twitter hack

Jul. 22, 2021 09:28 AM EDT

MADRID (AP) — A British man wanted in the United States in connection with a Twitter hack that compromised dozens of influential accounts has been jailed in Spain while he awaits possible extradition. Joseph O’Connor, 22, appeared before a Spanish National Court judge...

UK man arrested in Spain, charged in US with Twitter hack

Jul. 21, 2021 17:20 PM EDT

A British man has been charged in the United States in connection with a Twitter hack last summer that compromised the accounts of prominent politicians, celebrities and technology moguls, the Justice Department said Wednesday. Joseph O'Connor, 22, was arrested in the...

Musk clashes again with opposing lawyer in SolarCity lawsuit

Jul. 13, 2021 15:36 PM EDT

WILMINGTON, Del. (AP) — Testifying for a second day, CEO Elon Musk pushed back again Tuesday against a lawsuit that blames him for engineering Tesla’s 2016 acquisition of a financially precarious company called SolarCity that was marred by conflicts of interest and never generated the...

Musk on trial: Defends SolarCity, calls lawyer 'bad human'

Jul. 12, 2021 16:51 PM EDT

WILMINGTON, Del. (AP) — Tesla founder Elon Musk took to a witness stand Monday to defend his company’s 2016 acquisition of a troubled company called SolarCity against a lawsuit that claims he’s to blame for a deal that was rife with conflicts of interest and never delivered the profits...

State Auto, L Brands rise; Virgin Galactic, Occidental fall

Jul. 12, 2021 16:21 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Monday: State Auto Financial Corp., up $32.96 to $50.22. Liberty Mutual is buying the insurance company for about $2.29 billion. Virgin Galactic...