Tesla (TSLA) stock price jumped more than 4% today to keep the momentum of a rebound after a tough start of the year. The latest increase comes after Elon Musk claimed he is deleting his Twitter account.
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Tesla is trying to achieve record deliveries this quarter. It is counting on the North American market to do it with quick sales by the end of the month. US incentives are set to drop again.
Electrek has learned that Tesla is currently delivering cars at a rate of approximately 1,000 a day.
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The SEC had their day in court regarding their attempt to hold Elon Musk in contempt of court over a tweet he wrote about Tesla production.
A Judge told both parties to handle matters amongst themselves over the next two weeks.
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Elon Musk’s lawyers have now answered the court regarding the SEC’s attempt to have them hold Tesla’s CEO in contempt and it details how the federal agency is going after the automaker and its leaders in quite an absurd way over some arguably meaningless tweets.
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Elon Musk’s Boring Company is announcing today a new proposed ‘Loop’ system of tunnels for approval in Las Vegas.
If everything goes according to plan, the first leg of the system would be operational at the Las Vegas Convention Center as soon as 2021.
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Tesla CEO Elon Musk dropped an email to employees last night at 1am PT, which was also released publicly and filed with the SEC, to announce important job cuts to control costs. It also served to temper profit expectations for TSLA stock holders.
[Update: TSLA stock down nearly 10% in early morning trading]
In it, he details the challenges ahead for Tesla as it tries to reduce the price of its Model 3 to the $35,000 price point and make its other products more competitive to fossil fuel equivalents.
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Elon Musk updated his vision for the Boring Company today with the unveiling of its first test tunnel in Los Angeles.
They abandoned their “electric skate” plan and replaced it with autonomous electric vehicles, starting with Tesla vehicles, using ‘tracking wheels’.
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Elon Musk has taken issue with what he says was a ‘misleading edit’ of an interview he did about Tesla on 60 Minutes this weekend.
Here’s what he really said:
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Following his settlement with the SEC over his comments made on Twitter, Elon Musk had to step down from his role of Chairman of Tesla’s board.
Some have been questioning his influence over the board in his new role, but in a new interview, Musk was brutally honest about Tesla’s board and the SEC situation – saying that he “can get anything done that he wants” because he is the largest shareholder.
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It was clear that Tesla’s difficulties ramping up Model 3 production were extremely hard on the company, but now CEO Elon Musk has revealed that the automaker was at one point within weeks of dying.
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Tesla CEO Elon Musk is testing an exclusive cutting-edge version of Autopilot in his own Tesla Model S, according to a new report.
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Tesla confirmed early today that CEO (or ‘nothing‘) Elon Musk bought $10 million worth of TSLA shares.
The transaction is in addition to another $20M worth of shares that he plans to purchase directly from the company.
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It appears that Elon Musk likes pushing the SEC’s buttons following their settlement, which requires for him to step down as Chairman of Tesla’s board.
In what sounded like a joke, the CEO said that he “removed all his titles” at the company and that he is trying to not “confuse the authorities”, but then he actually removed his titles from the company’s official website.
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Tesla disclosed today that Elon Musk is buying $20 million more worth of TSLA shares directly from the company.
The move comes as Tesla is required to pay $20 million as a fine for Musk’s settlement with the SEC over his comments about taking Tesla private.
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Tesla, Elon Musk, and the SEC have jointly filed to seek approval of their agreed upon settlement over Musk’s comment about the attempt to take Tesla private, which the SEC saw as an infraction.
A judge needs to approve the settlement before it becomes official.
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Right now, there are tens of thousands of Tesla owners anxiously waiting to get that notification “a new software update is available” on their mobile app or inside their cars.
Tesla has now expanded the early access program to the highly-anticipated version 9 update and Elon Musk says that the new firmware is ‘almost ready’.
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Elon Musk and the SEC have agreed on a settlement over the lawsuit that the latter filed against Tesla’s CEO over comments he made about his attempt to take the company private.
Musk will be able to remain as CEO, but he will have to resign from his role as Chairman of the board, pay a $20 million fine, and more.
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Elon Musk’s Boring Company is currently developing more advanced tunnel digging technology for its upcoming new mass-transit projects in Los Angeles, Chicago, and Maryland.
Now the company is teasing its latest giant boring machine being operated by an Xbox controller.
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Tesla is not out of the woods when it comes to Elon Musk’s brief attempt to take the company private.
Short sellers are now suing the company and Musk over what they see as the automaker manipulating the share price with allegedly false statement over the take-private move.
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Ever since Elon Musk talked on Twitter about launching a Tesla Roadster in space and then actually did it, we are more inclined to take the seemingly crazy things he is tweeting seriously.
The CEO has now talked about building a ‘Cyborg Dragon Tesla’ on two different occasions and we now might have a good hint at what it could actually be.
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Elon Musk has previously said that he will be “the last one to sell his Tesla stocks”, but the CEO now clarifies what it means in practice.
He plans to sell a ‘major’ stake in Tesla in ‘about 20 years’ to finance SpaceX’s Mars colonization plans.
The city of Chicago has officially selected Elon Musk’s Boring Company to build its transit system between the O’Hare airport and downtown.
The company will build and operate a ‘Loop’, one of its new high-speed transit system ideas.
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Elon Musk appears to be flush with cash these days since he is buying a lot of Tesla shares – something he hasn’t done in while until now doing twice in about one month.
Today, he added about $25 million to his already huge position on the company that he co-founded as he now tries to make it profitable.
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We haven’t done a Talking Schmidt in a while, not because the former Google CEO and current Alphabet Board member Dr. Eric Schmidt has been quiet with his sometimes outlandish commentary, but because of his reduced role at Google and its now parent company Alphabet. In February Schmidt stepped down as Chairman, taking an innovation role at MIT and was replaced by John Hennessy.
But back to the matter at hand…
