Monday, 19 Nov 2018
Category: Elon Musk

Tesla subpoenaed by SEC over Model 3 production forecasts

Tesla said Friday in a regulatory filing that the U.S. Securities and Exchange Commission and Department of Justice are investigating projections made last year about Model 3 production rates. The SEC has issued subpoenas for information related to Model 3 production estimates. The DOJ, which is running a separate investigation over Model 3 production targets, […]

Tesla earns its first profit in two years

Tesla reported a profit in the third quarter, reversing seven consecutive quarters of losses. It is only the third time in its history that it has achieved this milestone. The third quarter earnings, which were reported after the market closed Wednesday, rocketed shares up nearly 12 percent to above $320. Tesla reported a profit of […]

Tesla is rolling out a cheaper, mid-range Model 3

Tesla is now offering a new, cheaper mid-range battery version of the Model 3 that starts at $45,000 before federal tax incentives. CEO Elon Musk announced the new variant, which has an estimated battery range of 260 miles, via Twitter. The company’s website has already been updated. Customers in the U.S. can order the mid-range […]

Elon Musk: Teslaquila tequila is ‘coming soon’

Tesla CEO Elon Musk confirmed Friday in a tweet that the Tesla-branded tequila called “Teslaquilla”—the bottle of liquor that co-starred in his April Fool’s Day joke about the automaker filing for bankruptcy — is “coming soon.” Musk’s tweet was a response to a CNBC article that reported Tesla had filed an application with the U.S. Patent and Trademark Office to […]

Elon Musk hits back: James Murdoch is not the lead candidate for Tesla chairman spot

It’s 4:20 p.m., which means Tesla CEO Elon Musk might be tweeting. This time, the billionaire entrepreneur’s tweet debunked a Financial Times article from Wednesday that reported Twenty-First Century Fox CEO and Tesla board member James Murdoch was the lead candidate to take Musk’s chairman spot. Musk agreed in a September 29th settlement with the U.S. Securities […]

Tesla shares rebound, erasing losses from SEC-Elon Musk showdown

Tesla shares popped more than 17 percent on Monday, erasing losses from last week’s tussle between CEO Elon Musk and the U.S. Securities and Exchange Commission. That “tussle” might have cost Musk $20 million (and Tesla another $20 million) and his chairman of the board seat. But after an initial shock, investors have apparently recovered. […]

Elon Musk agrees to resign as Tesla chairman in settlement with SEC

Tesla CEO Elon Musk will step down as chairman of the electric automaker and pay a $20 million fine under a settlement reached with the U.S Securities and Exchange commission. Musk will remain CEO and he will still keep a seat on the board, just not as chairman. The agreement settles what could have turned into […]