Tesla News Updates

Business, Fuel, Autonomous

Musk Warns of Tesla鈥檚 鈥榁ery Tough Quarter鈥 in Staff Email

Tesla Inc. has had a 鈥渧ery tough quarter鈥 as it struggles with supply chain snags, Chief Executive Officer Elon Musk warned in an internal memo, imploring workers to help get the electric vehicle maker back on track.

June 13, 2022
Government, Business, Technology, Safety, Autonomous

NHTSA Upgrades Probe of Teslas Running Into Emergency Vehicles

DETROIT 鈥 A U.S. investigation into Teslas operating on partially automated driving systems that have crashed into parked emergency vehicles has moved a step closer to a recall.

June 9, 2022
Business, Technology, Safety, Autonomous

Tesla Faces Increase in Complaints Over 鈥楶hantom Braking鈥

Tesla Inc. is facing stepped-up scrutiny from U.S. regulators who have received 758 complaints of cars made by the company that suddenly brake at high speeds, more than double the number of reported incidents earlier this year.

June 3, 2022
Business, Technology, Equipment, Safety, Autonomous

Tesla Pauses Hiring, Musk Says Need to Cut Staff by 10%

Electric carmaker Tesla Inc. needs to cut staff by around 10%, CEO Elon Musk said, noting he had a 鈥渟uper bad feeling鈥 about the economy, according to an internal email seen by Reuters.

June 3, 2022
Business, Technology, Autonomous

Hacker Finds Way to Unlock Tesla Models, Start Cars

Tesla Inc. customers might love the carmakers鈥 nifty keyless entry system, but one cybersecurity researcher has demonstrated how the same technology could allow thieves to drive off with certain models of the electric vehicles.

May 18, 2022
Government, Business, Fuel

Musk鈥檚 Go-Private Tweets About Tesla Were Reckless, Judge Found

鈥淣o reasonable jury could find that Mr. Musk did not act recklessly.鈥 That鈥檚 the upshot of a federal judge鈥檚 review of Tesla Inc. CEO Elon Musk鈥檚 2018 tweets about taking the company private, as revealed in an order that was made public May 10.

May 10, 2022
Business, Technology, Fuel

Wall Street, Tech Investors Back Musk Twitter Bid With $7 Billion

Elon Musk has strengthened the equity stake of his $44 billion offer to buy Twitter with commitments of more than $7 billion from a diverse group of investors, including Silicon Valley heavy hitters such as Oracle co-founder Larry Ellison.

May 5, 2022
Business, Technology, Fuel, Autonomous

Tesla Q1 Earnings 7 Times More Than Year Ago

DETROIT 鈥 Tesla reported April 20 that its first-quarter net earnings were more than seven times greater than a year ago, powered by strong sales despite global supply chain kinks and pandemic-related production cuts in China.

April 20, 2022
Government, Business, Technology, Safety, Autonomous

NHTSA Opens Two Defect Investigations Into Tesla Autopilot

The National Highway Traffic Safety Administration, which has the authority to force recalls, has opened two formal defect investigations that could ultimately lead Tesla Inc. to have to retrofit cars and restrict use of Autopilot in situations it still can鈥檛 safely handle.

April 18, 2022
Business, Fuel, Autonomous

Twitter Adopts 鈥楶oison Pill鈥 Defense in Musk Takeover Bid

PROVIDENCE, R.I. 鈥 Twitter said April 15 that its board of directors has unanimously adopted a 鈥減oison pill鈥 defense in response to Tesla CEO Elon Musk鈥檚 proposal to buy the company for more than $43 billion and take it private.

April 15, 2022