Tesla

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Self-Driving Tesla Slams Into Parked Patrol Car

Officer jumped out of the way before his vehicle was hit

(Newser) - Police said a Tesla was in self-driving mode when it crashed into a parked patrol vehicle in California, forcing an officer to jump out of the car's way. The Tesla's driver said he was on his phone at the time, KTLA reports. The Fullerton officer, who was managing...

'I Love You Guys,' Musk Says After Shareholder Vote

But he still faces legal fight to have massive Tesla pay package restored

(Newser) - At Tesla's annual meeting in Austin on Thursday, the company confirmed that shareholders had approved both Elon Musk's massive pay package, along with a proposal to change the company's state of incorporation from Delaware to Texas. Tesla didn't disclose vote totals, Bloomberg reports, but Musk said...

Musk Says Shareholders Approved $56B Pay Package
Musk Says Tesla Investors
Approved Pay Package, Move
THE RUNDOWN
Jun 13, 2024 6:01 AM CDT

Musk Says Tesla Investors Approved Pay Package, Move

But vote won't automatically restore $56B package

(Newser) - Elon Musk appears to have scored a big win in the battle over his record-breaking Tesla pay package. In a post on X late Wednesday, the CEO shared a graphic showing that support for the pay package in a shareholder vote had passed the "guaranteed win" mark. "Thanks...

Report: Musk Redirected AI Chips Bound for Tesla

Move raises more concerns about conflicts of interest ahead of shareholder vote

(Newser) - Tesla investors are preparing to vote on a pay package for Elon Musk worth around $56 billion, and a report on his handling of Nvidia chips may add to concerns about his commitment to the company. According to emails seen by CNBC , the Tesla CEO told the chipmaker to redirect...

Tesla Investors Urged to Reject Musk's $56B Pay Deal

Advisory firm cites his 'slate of extraordinarily time-consuming projects' unrelated to Tesla

(Newser) - Next month, Tesla shareholders will vote on a pay package for Elon Musk worth around $56 billion—and a firm advising major institutional investors has urged them to reject it. Proxy advisory firm Glass Lewis recommended against approving the deal in a report Saturday, citing Musk's other activities and...

Behind Mass Tesla Firings: Musk's Temper Tantrum

Some members of the Supercharger team have been rehired

(Newser) - It's no wonder the 500 employees of Tesla's Supercharger team were blindsided by their firing last week. According to Reuters , they had been expecting CEO Elon Musk to approve a massive charging-network expansion when he met with Rebecca Tinucci, chief of the Tesla's electric-vehicle charging division and...

Tesla's Supercharger Team Is Entirely Dissolved
Tesla Lays Off Entire
Supercharger Team
the rundown
May 1, 2024 12:30 AM CDT

Tesla Lays Off Entire Supercharger Team

CEO Elon Musk says company needs to go 'absolutely hard core' regarding job cuts

(Newser) - Tesla, which just two weeks ago laid off more than 10% of its global workforce, has now terminated even more employees—and it seems still more layoffs could be coming. In an email reportedly sent to executives Wednesday night, CEO Elon Musk said the company needs to be "absolutely...

SCOTUS Has Bad News for Musk Over Tesla Tweets

High court rejects his appeal on mandate that he gets approval before posting online about his company

(Newser) - The Supreme Court on Monday rejected an appeal from Elon Musk over a settlement with securities regulators that requires him to get approval in advance of tweets related to Tesla. The justices didn't comment in leaving in place lower-court rulings against Musk, who complained that the requirement amounts to...

Elon Musk Visits China Amid Tesla Rough Patch

Trip comes amid Beijing's big auto show featuring EV rivals to automaker

(Newser) - Tesla founder and CEO Elon Musk arrived in the Chinese capital on Sunday, just as the nation's carmakers are showing off their latest electric vehicle models at the Beijing auto show, per the AP . A brief online report from state broadcaster CCTV said Musk had come at the invitation...

After Tesla Autopilot Updates, Crashes Continue

NHTSA to look at the effectiveness of software update meant to keep drivers' eyes on the road

(Newser) - The driver of a Tesla that struck and killed a motorcyclist near Seattle claims he was using the vehicle's Autopilot system, which experts say lacks adequate safety measures , even after a recent recall. The 56-year-old driver of the 2022 Tesla Model S told authorities he looked at his cellphone...

Tesla's Biggest Supporters 'Are Pushing the Panic Button'

Elon Musk's Cybertruck gamble could be his company's undoing, per Mashable's Chris Taylor

(Newser) - During an October earnings call, Tesla CEO Elon Musk joked "we have dug our own grave with the Cybertruck." That's suddenly "looking like less of a joke for Tesla," with every Cybertruck in America recalled , dismal Cybertruck sales overall, and profits down 55%, according to...

Tesla Says It Will Start Making More Affordable Models Soon

Company's stock jumps despite 55% drop in income

(Newser) - Tesla's first-quarter net income plummeted 55%, but its stock price surged in after-hours trading Tuesday as the company said it would move up production of new, more affordable vehicles. The Austin, Texas, company said it made $1.13 billion from January through March compared with $2.51 billion in...

Stocks Claw Back Some of Last Week's Losses
Stocks Claw Back Some
of Last Week's Losses
MARKETS
Apr 22, 2024 3:42 PM CDT

Stocks Claw Back Some of Last Week's Losses

There's a big week of earnings reports ahead

(Newser) - On Monday, US stocks clawed back some of their losses from last week.
  • The S&P 500 rose 43.37 points, or 0.9%, to 5,010.60, to recover more than a quarter of last week's rout.
  • The Dow Jones Industrial Average rose 253.58 points, or 0.
...

Amid Rocky Tesla Times, a Big Day Looms
Amid Rocky
Tesla Times,
a Big Day
Looms
the rundown
Apr 22, 2024 8:49 AM CDT

Amid Rocky Tesla Times, a Big Day Looms

Tuesday's earnings report is expected to be bad, and to hint at a new strategy

(Newser) - Tesla has followed up price cuts in the US with similar ones in China, Germany, and elsewhere around the world, reports Reuters . It's only the latest sign that Elon Musk's company is facing one of its most turbulent stretches ever. Others include big layoffs amid slumping sales worldwide,...

Tesla Ended Its Tough Week With Price Cuts

Company knocked $2K off price of 3 of its models

(Newser) - Tesla knocked $2,000 off the prices of three of its five models in the United States late Friday, another sign of the challenges facing the electric vehicle maker led by billionaire Elon Musk. The company cut the prices of the Model Y, a small SUV that is Tesla's...

Tesla Recalls Cybertruck
Soap Blamed for
Cybertruck Recall
Apr 19, 2024 9:06 AM CDT

Soap Blamed for Cybertruck Recall

Tesla recalls nearly 4K electric pickups over accelerator pedal fault

(Newser) - Buyers have been complaining about delayed Cybertruck deliveries and the reason is now clear: Tesla is recalling almost 4,000 Cybertrucks for an issue that can't be fixed with just a software update. According to a National Highway Transportation Safety Administration recall notice , the company needs to fix a...

Musk's Bottom Line Takes a Hit From His Tesla Woes

Mark Zuckerberg displaces Tesla CEO from No. 3 spot on Bloomberg Billionaires Index

(Newser) - While much of social media was commenting Thursday on a fake "bearded Mark Zuckerberg" picture , the Facebook co-founder notched a more substantial achievement: displacing Elon Musk on Bloomberg's Billionaires Index . Zuckerberg, 39, is now third on that list, with a net worth of about $178 billion, while the...

Tesla Will Ask Shareholders to Give Musk His Billions After All

A $55B compensation package was invalidated by a judge in January

(Newser) - "Never incorporate your company in the state of Delaware," Elon Musk said in a January post on X after a Delaware Chancery Court judge voided a Tesla compensation package that had potentially been worth around $55 billion. Now Tesla is asking shareholders to move the company's corporate...

Buyers Say Cybertruck Deliveries Have Been Delayed
Tesla Delays
Cybertruck Deliveries
Apr 16, 2024 2:51 PM CDT

Tesla Delays Cybertruck Deliveries

Accelerator pedal might be the issue

(Newser) - It's becoming a more common question among buyers: "Dude, where's my Cybertruck?" The Wall Street Journal reports that buyers say Tesla has pushed back the delivery date for their electric trucks without explanation. One buyer in Birmingham, Alabama says he was supposed to pick up his Cybertruck...

Tesla Laying Off 10% of Employees
Tesla Laying Off
10% of Employees
Apr 15, 2024 11:43 AM CDT

Tesla Laying Off 10% of Employees

Elon Musk delivers the news amid recent slump in sales

(Newser) - Elon Musk delivered an unwanted email to Tesla employees on Monday—the company is laying off 10% of its employees worldwide, reports electrek . That would amount to about 14,000 employees, based on Tesla's most recent annual report.
  • "There is nothing I hate more, but it must be
...

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