A federal appeals court on Friday said it will reconsider its recent decision that Tesla Chief Executive Elon Musk violated federal labor law by posting on Twitter that employees would lose stock options if they joined a union. The 5th U.S. Circuit Court of Appeals in New Orleans granted Tesla’s request to revisit the case…
US Appeals Court to Reconsider Decision on Elon Musk’s Tweet About Unions
Tesla Recalling Nearly 16,000 of Its 2021–2023 Model S and Model X Vehicles Due to Seat Belt Issue
Tesla is recalling nearly 16,000 of its 2021–2023 Model S and Model X vehicles because some front-row seat belts may not have been reconnected properly after being repaired. Tesla said in its safety recall report that in the vehicles, a first-row seat belt was disconnected from its pretensioner anchor as part of a necessary step…
Musk Open to Price Cuts as Tesla Bets on Self-Driving Future
Elon Musk is prioritizing sales over profits in hopes that Tesla’s full self-driving software would eventually burnish margins, a plan that could deepen an already fierce price war in the electric-vehicle industry. Shares of the automaker fell 3 percent before the bell on Thursday after Mr. Musk signaled there might not be any let-up in…
Current Electric Vehicles Limit Driving Freedom: Automotive Industry Expert
Ford has ramped up its price war with Tesla, slashing the cost of its F-150 electric Lightning pickup truck by up to 17 percent on some models. By doing so, the Detroit automaker hopes to increase its share of an electric vehicle market dominated by Tesla. The move comes just two days after Tesla announced…
Tesla Directors to Return More Than $735 Million to Company to Settle Suit Challenging Compensation
DOVER, Del.—Current and former directors of electric-vehicle maker Tesla Inc. have agreed to return more than $735 million to the company to settle a shareholder lawsuit alleging that they unjustly enriched themselves with excessive compensation. The proposed settlement was outlined in documents filed late Friday in the Delaware Court of Chancery and is subject to…
US Opens New Special Probe Into Fatal Tesla Crash
WASHINGTON—The National Highway Traffic Safety Administration said Tuesday it is opening a new special crash investigation into a fatal accident in California involving a 2018 Tesla Model 3 where advanced driver assistance systems are suspected of having been used. Since 2016, NHTSA has opened more than three dozen Tesla special crash investigations in cases where…
Tesla Builds Its First Cybertruck Two Years Behind Schedule
July 17, 2023
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Tesla produced its first Cybertruck off the assembly line in Austin, Texas, over the weekend after two years of delays. The first Cybertruck finally rolled off the factory line on July 15 to much celebration at Tesla’s Gigafactory. Tesla CEO Elon Musk first announced the first prototype of the electric pickup truck back in 2019 to great…
Elon Musk and Tesla Entering British Energy Market Hints New Job Ad
A job posting by Tesla suggests the company is planning on entering the UK energy market. On its UK site, Elon Musk’s company Tesla said it is aiming to hire an experienced professional as Head of Operations, an executive who will have “operational responsibility for our retail electricity activities in the UK.” Tesla says it…
Elon Musk Promotes Socialism in China
Commentary Elon Musk, the wunderkind CEO and co-founder of Tesla and SpaceX, is playing in dangerous sandboxes. On June 20, he proposed a “cage match” with Facebook founder Mark Zuckerberg, who accepted the challenge, albeit with the date to be determined. Both tech titans are martial arts enthusiasts. The fight venue is under discussion, with…
Waiting for ‘Buyers to Come’: Unsold Electric Vehicles Piling Up in Car Dealerships, Says Report
The number of unsold electric vehicles at dealers in the second quarter tripled compared to the past year, signaling a weakened demand for the segment, said a recent report by leading auto-dealer data company Cox Automotive. In second quarter 2023, the average inventory for electric vehicles (EVs) topped more than 92,000 units on the ground…
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