Tag Archives: Tesla

CNBC reports: Shares of Tesla were flat in premarket trading Thursday after the EV maker denied a Wall Street Journal report that its board was searching for a replacement for chief executive Elon Musk. The report, citing comments from sources familiar with the discussions, said that Tesla’s board members reached out to several executive search firms to work on a …

Politico reports: The House Transportation Committee early on Tuesday released draft text of its portion of the GOP’s sprawling domestic policy bill, which it plans to mark up Wednesday. The proposal includes $15 billion for upgrading various parts of the aviation system, as well as new fees on electric vehicles and a first-of-its-kind $20 annual fee on all other passenger …

The San Francisco Chronicle reports: Neil Young debuted a politically charged new song at a benefit concert in Los Angeles over the weekend to deliver pointed criticism of President Donald Trump, Elon Musk and his electric vehicle company Tesla. The track, believed by fans to be titled “Let’s Roll Again,” opens with a rallying cry to American automakers: “Come on …

Reuters reports: Tesla CEO Elon Musk said on Tuesday he would cut back “significantly” the time he devotes to the Trump administration from next month and spend more time running the electric-vehicle maker. Tesla shares, which had risen 4% in after-hours trading right before an earnings conference call began, spiked to trade up 5.5% on Musk’s comments. The remarks came …

The New York Times reports: Tesla said Tuesday that its profits fell 71 percent in the first three months of the year, which could increase the pressure on Elon Musk, the automaker’s chief executive, to curtail his work for President Trump and spend more time managing the company. The company said it earned $409 million, down from $1.4 billion in …

Electrek reports: Former Tesla engineer Cristina Balan, who was fired in 2014, said in an interview that her entire team was threatened with deportation for taking her side when she brought up a brake safety issue directly to Elon Musk. She’s now succeeded in throwing out Tesla’s arbitration case against her, and hopes to meet Tesla directly in open court …

Reuters reports: Tesla’s much-awaited plans for an affordable car include a stripped-down version of its best-selling electric SUV, the Model Y, that will be made in the United States, but the production launch has been delayed, three sources with knowledge of the matter told Reuters. Tesla has promised affordable vehicles beginning in the first half of the year, offering a …

The Wall Street Journal reports: Musk has had at least 14 children with four women, including the pop musician Grimes and Shivon Zilis, an executive at his brain computer company Neuralink. Multiple sources close to the tech entrepreneur said they believe the true number of Musk’s children is much higher than publicly known. Musk’s baby-making project is relevant to his …

NBC News reports: A man has been federally charged with carrying out arson attacks against the Republican Party headquarters in New Mexico and a Tesla dealership, the Department of Justice said Monday. Jamison Wagner, from Albuquerque and born in 1984, faces two counts of causing malicious damage or destruction of property by fire or explosives. He is currently in police …

NBC News reports: A Santa Monica man was arrested Saturday around 12:15 p.m. after he threatened to bomb the Coachella Music & Arts Festival, the Cathedral City Police Department said. Police were notified of a suspicious man at Agua Caliente Casino after security guards were approached by a man traveling in a Tesla who said he’d “be responsible for a …

Wired reports: One of the largest federations of unions and several former officials of the US Occupational Safety and Health Administration have raised concerns about the possibility that Elon Musk and the so-called Department of Government Efficiency could potentially gain access to sensitive information shared with OSHA and the Department of Labor by whistleblowers at the centibillionaire’s companies. While Musk …

Forbes reports: Tesla’s stock has slid steadily this year, hurt by declining sales and widespread protests over CEO Elon Musk’s leadership of President Trump’s DOGE initiative, which is making haphazard staffing and budget cuts to federal agencies. The electric vehicle maker’s sharp-edged Cybertruck is also sliding, posting sharply lower sales in the year’s first quarter. The Austin-based company delivered just …

Axios reports: Elon Musk blasted top Trump administration trade adviser Peter Navarro overnight, calling out his education and lack of corporate credentials. The two-day rout in the stock market this week, after Trump announced sweeping new tariffs backed by Navarro, cost Musk nearly $18 billion just on his Tesla stock. Friday morning, a user on Musk’s social media platform X …

Elektrek reports: Tesla has about $200 million worth of Cybertrucks in inventory in the US, as the truck is extremely difficult to sell. With Tesla having issues selling new Cybertrucks, the automaker is reportedly not taking any as trade-ins. Many Cybertruck owners reported trying to trade-in the truck for a new vehicle and they were told that the automaker currently …

Bloomberg News reports: Tesla Inc.’s vehicle sales fell 13% last quarter to an almost three-year low, as the carmaker made over its most important model and dealt with international backlash against Elon Musk. The company said Wednesday that it delivered 336,681 vehicles in the first three months of the year, its worst showing since the second quarter of 2022. Analysts …

Wired reports: While the protest movement comprises people angered at Elon Musk’s role in the dismantling of federal government agencies, the counterprotest movement that showed up this weekend was peopled mostly by MAGA supporters. Among them were an array of far-right extremists, including members of the Proud Boys, armed militias, and at one event in Idaho, a guy dressed as …

Miami’s ABC affiliate reports: Yamaris Marrero, 45, of Hallandale Beach, is now facing a felony criminal mischief charge because, according to police, the “large wad” of gum caused $2,623.66 in damage to the electric car’s door handle mechanism. It was captured on the car’s built-in cameras. Its owner told Local 10 News that he felt targeted as the result of …

“These crazies say they’re going to go to dealerships and destroy Teslas protesting what Elon’s doing up in D.C. Again, I don’t know why we want to protest somebody that’s finding ways to save the American people hundreds of millions or billions in taxpayer dollars, but alas, there are people out there that want to cause damage. “Our troopers are …

“The president’s made it clear. We’re gonna go after them. The ones providing the money, the ones pushing the lies and propaganda, we’re going after them. It’s really unfortunate. “The real problem is not the people — it’s not like the crazy guy that firebombs a Tesla dealership. It’s the people pushing the propaganda that cause that guy to do …

Politico reports: State Sen. Pat Fahy, an Albany Democrat who’s championed electric vehicles, introduced a bill Wednesday that would yank permits for Tesla’s five in-person sales locations in New York. The company eschews the traditional dealership model of selling cars through third parties via franchise agreements. Instead, Tesla sells directly to consumers. In many states, auto franchise laws limit this …