Latest Tesla Inc News

Attorney suggests $190 million damages in Elon Musk lawsuit

Dec. 6, 2019 3:12 PM EST

LOS ANGELES (AP) — An attorney told a Los Angeles federal jury Friday it would be reasonable to award $190 million in damages to a British cave explorer who is suing Elon Musk for allegedly branding him as a pedophile during a Twitter spat. Attorney Lin Wood said the suggested sum includes $150 million in...

10 Things to Know for Today

Dec. 4, 2019 6:11 AM EST

1. ‘SERIOUS MISCONDUCT’ TAKES CENTER STAGE AT IMPEACHMENT HEARINGS The House Judiciary Committee is weighing findings by fellow lawmakers that Trump misused the power of his office for personal political gain and then obstructed Congress' investigation as possible grounds for impeachment. 2. TRUMP...

Elon Musk tells jurors insult provoked ‘pedo guy’ tweet

Dec. 3, 2019 10:05 PM EST

LOS ANGELES (AP) — Elon Musk testified Tuesday that he was being insulting, not literally calling a British cave diver a pedophile when he lashed out on Twitter and ended up in a defamation lawsuit from the man who helped rescue a dozen boys and their soccer coach from a flooded Thailand cave last year....

The Latest: Elon Musk testifies British diver insulted him

Dec. 3, 2019 9:05 PM EST

LOS ANGELES (AP) — The Latest on a defamation lawsuit against Elon Musk (all times local): ___ 3:30 p.m. Elon Musk denied that he meant to call a British cave diver a pedophile when he dubbed him “pedo guy” on social media. Vernon Unsworth helped to rescue a dozen boys and their soccer coach...

Musk touts 146,000 orders for Tesla’s electric pickup truck

Nov. 23, 2019 5:54 PM EST

LOS ANGELES (AP) — Elon Musk says Tesla has received nearly 150,000 orders for its new electric pickup truck since the automaker revealed the futuristic vehicle earlier this week to mixed reviews. The Tesla CEO tweeted Saturday that the company received 146,000 orders for the wedge-shaped...

Stainless steel, broken glass and buzz, Tesla makes a pickup

Nov. 22, 2019 7:44 PM EST

The much-hyped unveiling of Tesla’s electric pickup truck went off script Thursday night when supposedly unbreakable window glass splintered twice when hit with a large metal ball. The failed stunt, which ranks high on the list of embarrassing auto industry rollouts, came just after CEO Elon Musk bragged...

S&P 500 snaps 6-week string of gains even as stocks rise

Nov. 22, 2019 5:18 PM EST

U.S. stocks shook off a midday stumble to finish slightly higher Friday, though the modest rebound was not enough to keep the S&P 500 from breaking its longest stretch of weekly gains in two years. Banks, health care stocks and companies that rely on consumer spending powered much of the rebound, outweighing...

Nordstrom and Gap gain while Tesla and Pure Storage slide

Nov. 22, 2019 4:47 PM EST

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Friday: Nordstrom Inc., up $3.63 to $37.95 The high-end retailer reported earnings that blew past Wall Street analysts' forecasts. Tesla Inc., down $21.79 to $333.04 Investors had concerns about the company's entry into the highly...

Road-safety regulator rapped over regulating autonomous cars

Nov. 20, 2019 6:37 PM EST

The nation’s road-safety regulator is under fire again for what critics call lax oversight of tests involving autonomous vehicles. The National Highway Traffic Safety Administration doesn’t give enough direction to companies developing automatous cars, the chairman of the National Transportation...

Ford Mustang SUV starts a blitz of new electric vehicles

Nov. 18, 2019 1:35 AM EST

DEARBORN, Mich. (AP) — Ford is unveiling its first all-electric SUV, marking the start of an avalanche of battery-powered vehicles coming from mainstream and luxury automakers during the next two years that industry analysts say will boost electric vehicle sales. The “Mustang Mach E,” which...