Elizabeth Warren is raising concerns to Tesla Board Chairman Robyn Denholm that its Board of Directors failed to meet its legal responsibility to protect Tesla and uphold its fiduciary duty to shareholders from Elon Musk's actions after he bought Twitter.
Elon Musk Becomes First Person In History To Lose $200 Billion: Report
Twitter CEO Elon Musk has become the first human being in history to lose a mammoth $200 billion in net worth, Bloomberg reported.
Much of Musk's lost billions have been swallowed up by the plummeting value of his shares in #Tesla, the electric vehicle company of which he is CEO. That value has dropped 65% this year, and dove 11% last Tuesday alone, as Bloomberg noted Friday.
Tesla cuts prices in the U.S. and Europe to stoke sales after lackluster year-end deliveries
The move in the U.S. may help Tesla qualify for more federal EV tax credits, and stoke sales volume here and abroad, after competition and interest rates increased.
In Europe, Tesla cut prices on its Model 3 and Model Y vehicles in Austria, France, Germany, the Netherlands, Norway, Switzerland and the U.K.
#ElonMusk returned to federal court Monday in San Francisco, testifying that he believed he had locked up financial backing to take #Tesla private during 2018 meetings with representatives from #SaudiArabia's Public Investment Fund—although no specific funding amount or price was discussed.
"Just want to be absolutely clear that everyone’s top priority is achieving an amazing Autopilot demo drive. Since this is a demo, it is fine to hardcode some of it," Musk said in an email.
Emails show Musk wanted an aspirational—not actual—demo of Full Self-Driving.
Tesla raises Model Y prices after Treasury says it counts as an SUV
After dropping prices by up to $13,000, now they've increased by up to $2,000.
The original price drops in January allowed the Model Y to qualify for new clean vehicle tax credits introduced in the Inflation Reduction Act of 2022.
#Tesla is voluntarily recalling 362,758 vehicles and warns that its experimental driver-assistance software, marketed as Full Self-Driving Beta, may cause crashes.
The recall notice was posted on the website of the National Highway Traffic Safety Administration on Thursday.
Tesla will deliver an over-the-air software update to cars to address the issues, the recall notice said.
#ElonMusk announced during a joint press conference with California Gov. #GavinNewsom that Tesla would be opening a global #engineering headquarters to California, two years after a dramatic exit that saw the electric car company leave the Golden State for a facility in #Austin, #Texas.
Tesla will open up shop in the former home of Hewlett Packard in #PaloAlto, Musk said.
Tesla's three-hour livestream provided few new insights into the company's plans to expand its product lineup beyond its current aging offerings—something investors also noticed.
Facing stiffer competition from newer EVs, Tesla is cutting prices for the second time in less than eight weeks for its more expensive, aging Model S sedan and Model X SUV.
A jury has ordered #Tesla to pay a Black former worker about $3.2 million in damages after he endured racist discrimination working there in 2015.
He was previously awarded a verdict of $137 million in 2021, including punitive damages, after a jury determined Diaz had suffered civil rights violations at Tesla, and that the electric vehicle maker failed to take all reasonable steps to end and prevent the racist harassment.
#Tesla was sued Wednesday by a California state agency that says the #ElonMusk-led carmaker is stonewalling an investigation into alleged #discrimination and #harassment.
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