Category: tesla

Tesla’s Musk Says Model S Plaid May Come to China Around March

Tesla Chief Executive Elon Musk said in a tweet on Monday that Model S Plaid will “probably” be coming to China around March. In September last year, Tesla introduced a new Model S Plaid, a 520-mile range sedan that can reach top speeds of up to 200 miles per hour (320 km per hour), with…


Tesla App Coming Back Online After Server Outage, Musk Says

Tesla Inc. chief Elon Musk said on Friday that the company’s mobile application was coming back online after an app server outage earlier prevented many owners from connecting to their cars. Musk was responding to a Tesla owner’s tweet, who said that he was experiencing a “500 server error” to connect his Model 3 through…


Tesla, Electric SUVs Get Poor Scores From Consumer Reports

Vehicles from Tesla Inc. and electric sport utilities from rival brands are among the least reliable models sold in the United States, a reflection of the risks of new technology, Consumer Reports said on Thursday. Consumer Reports, a nonprofit organization that evaluates products and services, said Tesla, the world’s most valuable automaker, ranked 27th out…


Tesla Recalls 7,600 US Vehicles for Potential Air Bag Issue

Tesla is recalling 7,600 vehicles in the United States because the driver’s air bag cushion may tear during deployment, the National Highway Traffic Safety Administration said Thursday. The recall covers some 2021 Model X and Model S vehicles, the auto safety agency said. Owner notification letters are expected to be mailed on Jan. 7.


Elon Musk Finally Sold His Last Home to Colonize Mars

By Entrepreneur en Español After lowering the price, Elon Musk finally managed to sell the last house he owned in San Francisco, California, this Saturday, November 13. With this, the CEO of Tesla and SpaceX is closer to achieving his dream: to get rid of all his properties on Earth to colonize Mars. In mid-2020,…


Tesla’s Musk Exercises More Options, Sells $973 Million for Taxes

Tesla Chief Executive Elon Musk sold another $973 million in stock to pay taxes after exercising options on Tuesday, filings showed after the electric vehicle maker’s shares rebounded during regular trade. Musk acquired 2.1 million shares worth $2.2 billion at the Tuesday closing price and sold 934,091 for $973 million to pay taxes, the SEC…


JPMorgan Sues Tesla for $162 Million in Dispute Over 2014 Stock Warrant Agreement and Elon Musk Tweets

JPMorgan Chase & Co. is suing electric vehicle maker Tesla and seeking $162 million in payment in a dispute over a 2014 stock warrant agreement, according to a complaint filed in Manhattan federal court on Monday. In a court filing obtained by CNBC, the multinational investment bank alleges that Telsa breached the terms of a contract it entered into regarding…


Tesla’s Musk Sells $930 Million in Shares to Cover Stock Option Tax: Filings

Tesla CEO Elon Musk has sold $930 million in shares to meet tax withholding obligations related to the exercise of stock options, U.S. securities filings showed on Monday. Musk sold 934,091 shares after exercising options to buy 2.1 million stocks at $6.24 each on Monday. Tesla shares closed at $1,013.39. He is required to pay…


Tesla Shares Slip After Heavy Week of Losses

Tesla Inc.’s shares slipped in premarket trading on Monday, adding to a heavy week of losses after CEO Elon Musk offloaded a combined $6.9 billion worth of shares in the electric-car maker. Shares in the company, which lost some $187 billion in market value over the past week, were down 2.7 percent at $1,005.42 in…


Futures Rise on Tech Strength; Tesla Extends Losses

U.S. stock index futures rose on Monday as major technology stocks advanced, while investors awaited a slew of retail earnings and economic data this week to gauge the health of consumer spending. The three major Wall Street indexes had fallen between 0.3 percent and 0.7 percent last week on concerns over high inflation and weakening…