Web
Analytics
The news is by your side.

Musk

Lawsuits accuse Tesla’s Musk of fraud over tweets, going-private proposal

Tesla and Chief Executive Elon Musk were sued twice on Friday by investors who said they fraudulently engineered a scheme to squeeze short-sellers, including through Musk’s proposal to take the electric car company private. The lawsuits were filed three days after Musk stunned investors by announcing on Twitter that he might take Tesla private in a record $72 billion transaction that valued the company at $420 per share, and that “funding” had been “secured.” In one of the lawsuits, the plaintiff Kalman Isaacs said…

Tesla’s Musk admits Model 3 braking issue, promises fix

Tesla Chief Executive Officer Elon Musk has sought to play down a report identifying “big flaws” in its Model 3 sedan, admitting there is a braking issue with the vehicle but saying it will be fixed with a software update within days. Responding to a review by influential US magazine Consumer Reports which stopped short of recommending the car, Musk said in a round of tweets late on Monday that the magazine’s tests - which used two separately-sourced vehicles - had been of older versions of the car that had already been…

Tesla’s Musk hands over first Model 3 electric cars to early buyers

FREMONT, Calif.: Tesla Chief Executive Officer Elon Musk said on Friday the Model 3 had over half a million advance reservations as he handed over the first 30 to employee buyers, setting the stage for the biggest test yet of the company's strategy to become a profitable, mass market electric car maker. Outside Tesla's Fremont, California factory, Musk showed off the $35,000 base vehicle with a range of 220 miles (350 km) on a charge that marks a departure from the company's earlier luxury electric cars. Musk took to…

Tesla’s Musk adds solar roofs to his clean energy vision

LOS ANGELES: Tesla Motors Inc Chief Executive Elon Musk on Friday unveiled new energy products aimed at illustrating the benefits of combining his electric car and battery maker with solar installer SolarCity Corp. The billionaire entrepreneur showed of solar-powered roof tiles that eliminate the need for traditional panels and a longer-lasting home battery, which Tesla calls the Powerwall, aimed at realizing his vision of selling a fossil fuel free lifestyle to consumers. "This is sort of the integrated future. An…