WASHINGTON—Tesla Inc. recalled nearly 30,000 Model X cars in the United States over an issue that may cause the front passenger air bag to deploy incorrectly, sending its shares down nearly 3 percent on Friday to their lowest in nearly two years. The air bag could deploy incorrectly in certain low-speed collision events where a…
Musk Says He Made Some Tesla Decisions Without Board Nod, Defends $56 Billion Pay
WILMINGTON, Del—Elon Musk said in court on Wednesday that he made some Tesla Inc. decisions without the approval of the company’s directors, as he defended his $56 billion pay package against claims that he dictated its terms to a compliant board. Tesla shareholder Richard Tornetta sued Musk and the board in 2018 and hopes to…
Tesla Reports 2 New Fatal Crashes Involving Driver Assistance Systems
WASHINGTON—Tesla Inc told U.S. auto safety regulators it has reports of two new crash fatalities in Model 3 cars tied to advanced driver assistance systems in the month ending Oct. 15, data released Tuesday by the government shows. The National Highway Traffic Safety Administration (NHTSA) in June began releasing data provided by automakers on reports…
Tesla Cuts Delivery Waiting Time for All Model 3, Model Y Cars
BEIJING—Tesla has cut the delivery waiting time for all Model 3 and Model Y vehicles to a minimum of one week, it said on its website on Tuesday. The U.S. automaker added to its electric vehicle inventory in Shanghai at its fastest pace ever in October, data from China Merchants Bank International (CMBI) showed, at…
40,000 Teslas Recalled as Software Glitch Causes Power Steering Fault
Over 40,000 Tesla vehicles have been recalled after a software glitch resulted in faults with the steering system increasing the risk of an accident that could result in “serious injury or death.” Australia’s federal Department of Transport, which issued a recall for 1,012 vehicles on Nov. 16 over the software calibration issue saying Tesla’s Electronic…
Electric Vehicles Less Reliable Than Gas Powered Automobiles, Consumer Reports Finds
Electric vehicles, including those from Tesla, are among some of the least reliable sold in the United States, according to the Consumer Reports 2022 Annual Auto Reliability survey released Tuesday. Consumer Reports (CR) is a nonprofit research, testing, and consumer advocacy organization. Each year, the organization surveys members to find out if they encountered any problems…
Tesla Voluntarily Recalls Over 40,000 Vehicles Over Potential Power Steering Fault
Electric vehicle maker Tesla is voluntarily recalling over 40,000 of its Model S and Model X vehicles, citing concerns over a potential loss of power steering assist, according to a filing earlier this month with the National Highway Traffic Safety Administration. The filing, made public on Tuesday, states that the recent 2022.36 firmware update has “changed calibration…
Elon Musk Sells Another $3.95 Billion Worth of Tesla Shares After Twitter Takeover
November 9, 2022
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Elon Musk has sold millions more shares in Tesla, according to three separate forms filed with the Securities and Exchange Commission this month. CEO Musk sold 19.5 million shares of the electric vehicle maker, worth $3.95 billion, from Nov. 4 to Nov. 8, the filings show. The share sell-off comes after Musk took over social media platform Twitter in…
Tesla Lithium Deal With Australian Miner Lapses
A slated deal for the sale of lithium to electric car giant Tesla from Australia’s Core Lithium has been quietly shelved. “I want to thank Tesla for the time taken to negotiate with Core and look forward to maintaining an open and ongoing dialogue,” said CEO Gareth Manderson in an announcement (pdf) on Oct. 27….
Tesla Recalls 24,000 US Vehicles Over Seat Belt Issue
WASHINGTON—Tesla Inc. is recalling just over 24,000 U.S. 2017–2022 Model 3 vehicles over a seat belt issue. The Austin-based electric vehicle company said the second-row left seat belt buckle and second-row center seat belt anchor may have been incorrectly reassembled during vehicle service. It told the National Highway Traffic Safety Administration it had reports of…
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