Tag Archives: Tesla

Reuters reports: Turkish President Tayyip Erdogan asked Tesla CEO Elon Musk to build a Tesla factory in Turkey, the country’s communications directorate said on Monday. It cited Musk as saying that many Turkish suppliers are already working with Tesla and that Turkey was among the most important candidates for its next factory. Erdogan and Musk were speaking during a meeting …

The New Yorker reports: In 2018, the Times reported that members of the Tesla board had grown concerned about Musk’s use of the prescription sleep aid Ambien, which can cause hallucinations. The Wall Street Journal reported earlier this year that he uses ketamine, which has gained popularity both as a depression treatment and as a party drug, and several people …

Politico reports: Congress is deeply divided on whether Washington should push more Americans to buy electric vehicles. But more than two dozen lawmakers have made the leap themselves, according to a first-of-its kind tally by POLITICO’s E&E News — including at least two House Republicans who oppose President Joe Biden’s climate policies. Conservative Rep. Thomas Massie (R-Ky.) is a longtime …

Reuters reports: Tesla employees had been instructed to thwart any customers complaining about poor driving range from bringing their vehicles in for service. Last summer, the company quietly created a “Diversion Team” in Las Vegas to cancel as many range-related appointments as possible. The Austin, Texas-based electric carmaker deployed the team because its service centers were inundated with appointments from …

Reuters reports: Elon Musk plans to ask the U.S. Supreme Court to consider whether the Securities and Exchange Commission overstepped its authority in enforcing a consent decree that he has called a “muzzle” on his free speech. Musk would be appealing a decision by the 2nd U.S. Circuit of Appeals in Manhattan to uphold the decree, which arose from his …

Ars Technica reports: Elon Musk, Larry Ellison, and other current and former Tesla board members agreed to return over $735 million to settle a shareholder lawsuit that alleged Tesla directors “grossly” overpaid themselves. The Tesla directors, who also include Musk’s brother Kimbal Musk, further agreed to forego stock options and other compensation for board service in 2021, 2022, and 2023. …

TechCrunch reports: Tesla over the weekend said its first much anticipated Cybertruck came off the electric vehicle maker’s production line in Texas. The debut of the long-delayed, futuristic-looking pickup truck comes in the lead up to Tesla’s second-quarter 2023 earnings call. Tesla CEO Elon Musk first introduced the Cybertruck in 2019, but vehicle production has repeatedly been delayed. The truck …

Reuters reports: Elon Musk has sued the elite law firm Wachtell, Lipton, Rosen & Katz to recover most of a $90 million fee it received from Twitter for defeating his bid to walk away from his $44 billion buyout of the social media company. The complaint by Musk’s X Corp, which owns Twitter, was filed on Wednesday in the California …

The financial news site Benzinga reports: Tesla, Inc. achieved record-breaking second-quarter deliveries in China on the back of price cuts and promotional efforts implemented earlier this year. But the Elon Musk-led EV maker’s cutthroat methods have seemed to irk Xi Jinping‘s government in one way. In response to this price war initiated by major electric vehicle manufacturers, including Tesla, a …

Yahoo News reports: Elon Musk takes “microdoses” of ketamine to manage depression, according to a US media report. The Twitter owner and SpaceX entrepreneur also takes full doses of the substance at parties, according to the Wall Street Journal. Ketamine, an anaesthetic that has some hallucinogenic effects, is a controlled substance in the US and can only be legally administered …

Florida Politics reports: Gov. Ron DeSantis signed a measure (HB 637) banning most direct-to-consumer vehicle sales, solidifying the future viability of car-selling operations across the Sunshine State. The measure, championed and authored by lobbyists representing the Florida Automobile Dealers Association (FADA), prohibits automakers from selling vehicles directly to buyers. But as Florida Politics noted previously, lobbyists Taylor Biehl and Jeff …

The Washington Post reports: The school bus was displaying its stop sign and flashing red warning lights, a police report said, when Tillman Mitchell, 17, stepped off one afternoon in March. Then a Tesla Model Y approached on North Carolina Highway 561. The car — allegedly in Autopilot mode — never slowed down. It struck Mitchell at 45 mph. The …

CNBC reports: Elon Musk told CNBC’s David Faber on Tuesday that he doesn’t care if his inflammatory tweets scare away potential Tesla buyers or Twitter advertisers. “I’ll say what I want, and if the consequence of that is losing money, so be it,” said Musk, who owns Twitter. Musk has for years tweeted controversial items, including conspiracy theories and comments …

Courthouse News reports: Tesla CEO Elon Musk failed to overturn corporate monitoring of some of his tweets imposed by the SEC. In a 7-page ruling made public Monday, a three-judge panel for the Second Circuit found no reason to terminate oversight to which Musk had voluntarily agreed. The Securities and Exchange Commission mandated oversight of Musk’s social media posts concerning …

The Guardian reports: A California judge has tentatively ordered Elon Musk to be interviewed under oath about whether he made certain statements regarding the capabilities of Tesla’s Autopilot features after the company questioned the authenticity of the remarks, claiming Musk is a “target for deep fakes”. The ruling came in a lawsuit against Tesla, filed by the family of Walter …

Semafor reports: Elon Musk might be one of them now, but Republicans still say they aren’t open to buying electric cars. According to a new poll by research and analytics firm Gallup, a whopping 71% of GOP voters say they would never purchase an EV. That’s compared to 38% of independents, and 17% of Democrats. The group finds that just …

Reuters reports: Tesla Inc assures its millions of electric car owners that their privacy “is and will always be enormously important to us.” The cameras it builds into vehicles to assist driving, it notes on its website, are “designed from the ground up to protect your privacy.” But between 2019 and 2022, groups of Tesla employees privately shared via an …

The Associated Press reports: U.S. auto safety regulators have opened an investigation into Tesla’s Model Y SUV after getting two complaints that the steering wheels can come off while being driven. The National Highway Traffic Safety Administration says the probe covers an estimated 120,000 vehicles from the 2023 model year. The agency says in both cases the Model Ys were …

The Guardian reports: Elon Musk is facing yet another lawsuit as shareholders of Tesla accuse the chief executive and his company of overstating the effectiveness and safety of their electric vehicles’ autopilot and full self-driving technologies. Shareholders have alleged in the proposed class-action lawsuit that Tesla defrauded them over four years with false and misleading statements that concealed how its …

Reuters reports: Tesla Chief Executive Elon Musk has for years teased the world with his dream of an affordable electric car. This week, fans hope, he will explain what he has in mind – and perhaps how he can afford to build it. Musk said last year he shelved the plan for a $25,000 car, known as Model 2, and …