Tesla lawyers ask judge to vacate decision invalidating Musk’s $56B pay package
Lawyers for Elon Musk and Tesla Inc.’s directors are seeking to overturn a Delaware judge’s ruling that ordered the company to back out of Musk’s massive and unprecedented compensation package. Friday’s hearing followed a January ruling in which Chief Justice Katherine St. Jude McCormick concluded that Musk engineered a landmark compensation package in 2018 in […]
Despite tough times for Tesla, EV sales set new record in second quarter
EV sales increased by more than 11% in the second quarter. (iStock ) The electric vehicle (EV) market is booming around the world, despite tough times for EV giant Tesla, with research firm reporting that U.S. electric vehicle sales rose 11.3% in the second quarter of 2024. Report from Kelley Blue BookQuarterly sales reached a […]
Tesla in Seattle-area crash that killed motorcyclist was using self-driving system, authorities say
Washington state authorities have determined that a Tesla car that struck and killed a motorcyclist near Seattle in April was operating using the company’s “full self-driving” system at the time of the accident. Washington State Police investigators made the discovery after downloading information from the accident data recorder of a 2022 Tesla Model S, department […]
Elon Musk’s Tesla Recalls 1.8 Million Vehicles Due to Hood Latch Safety Concerns
Elon Musk’s Tesla has announced a recall of more than 1.8 million vehicles across multiple models due to a hood latch issue that could endanger driver safety. ABC News Reports Tesla has initiated a multi-year recall of more than 1.8 million vehicles, including the 2021-2024 Model 3, Model S, and Model X, and the 2020-2024 […]
Tesla recalls nearly 2M vehicles over fear of hood popping open while driving
Elon Musk’s Tesla said on Tuesday it was recalling about 2 million vehicles in the United States because the hoods could open without the driver noticing. According to the National Highway Traffic Safety Administration, an unlocked hood can open completely, obstructing the driver’s view and increasing the risk of a crash. The electric vehicle pioneer […]
Fox News AI Newsletter: Elon Musk: Tesla can be $20 trillion company
Welcome to the Fox News Artificial Intelligence newsletter, covering the latest advancements in AI technology. Today’s Newsletter: – Elon Musk thinks Tesla can become a $20 trillion company: Kyle Uhl – Google has changed, it’s a “new company”: Mark Mahaney – Family Ties star Justin Bateman says Hollywood’s use of new technology is “motivated by […]
Tesla Shares Plummet 12% as Q2 Earnings Miss Expectations amid Dismal EV Market
Elon Musk’s Tesla took a big hit, with its shares falling more than 12% in morning trading on Wednesday after reporting disappointing second-quarter results. CNBC Reports Tesla’s second-quarter earnings report shocked the investment community, sending the company’s shares plummeting more than 12% in morning trading Wednesday. The surprise drop came after the electric car maker […]
Tesla shares dip after lackluster earnings report
Tesla shares fell 12% on Wednesday after the electric car maker reported second-quarter profit that fell short of expectations. The company, led by billionaire tech mogul Elon Musk, made revenue of $25.5 billion in the three months from April to June, up 2% from the same period last year. But despite cost-cutting efforts, including widespread […]
Tesla stock falls 8% as growing competition squeezes profits
Tesla shares fell more than 8% in premarket trading on Wednesday after Elon Musk’s electric car maker reported a second consecutive quarterly loss, raising concerns that increased competition is hurting sales and profit margins. The Austin, Texas-based company said on Tuesday that sales at its automotive division fell 7 percent in the three months ending […]
Fish falls from sky, damages New Jersey couple’s Tesla
That’s painful for the bass. A fish fell from the sky and slammed into a Tesla parked in a New Jersey couple’s driveway, cracking the car’s windshield. Cynthia and Jeff Levin said they heard a crash outside their Atlantic Highlands home, about a mile from the nearest body of water, Raritan Bay. According to ABC7. […]