Tag Archives: Tesla News

SEC subpoenas, board surprised, investor lawsuits: Tesla woes mounting?

A reported subpoena from the Securities and Exchange Commission may add to the long list of growing worries for Tesla and its embattled CEO Elon Musk that now includes potential investor lawsuits, federal inquiries, and reports that the automaker's board of directors may not have been fully briefed on plans to go private. On Wednesday, Charles Gasparino...

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Elon Musk says talks with Saudis led him to tweet "funding secured"

Tesla [NYSE: TSLA] CEO Elon Musk provided insight Monday behind his "funding secured" comment made last week when he floated the idea of taking the automaker private. Musk released a statement on Tesla's blog and wrote the sovereign wealth fund of Saudi Arabia approached him multiple times in the last two years to discuss taking Tesla private. The Saudis...

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Report: SEC inquired about Elon Musk’s tweet regarding taking TSLA private

The Internet and financial industry weren't the only ones to take notice Tuesday when Tesla CEO [NYSE: TSLA] Elon Musk took to Twitter floating the idea of taking the automaker private. The Wall Street Journal reported Wednesday that SEC investigators could be looking into a variety of violations such as artificially raising the automaker's value via the...

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Elon Musk isn’t kidding, Tesla board confirms TSLA could go private

Elon Musk disrupted multiple industries on Tuesday when the Tesla CEO [NYSE: TSLA] took to Twitter to float the idea of taking the Silicon Valley automaker private. Musk mused Tesla could be bought back at $420 per share. On Wednesday morning, multiple members of Tesla's board of directors signed a statement that confirmed Musk was serious about taking...

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Elon Musk considering taking Tesla private, TSLA stock trading halted

Elon Musk shook both the Internet and financial industry Tuesday as the man in charge of Tesla [NYSE: TSLA] tweeted about taking Tesla private and buying back the stock at $420 per share. The first tweet was posted at 12:48 pm EST stating his interest in taking Tesla private at $420 per share, and went on to say the funding to do such a thing has been...

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Tesla Model S, X to receive spartan Model 3 interior design

Tesla's Model S and Model X haven't been put on the back burner as the electric car brand focuses on the Model 3. According to images published by Electrek on Monday, both the larger sedan and SUV models are in for interior refreshes. (Current Model S interior shown.) Hopefully fans and buyers believe the spartan interior found in the Model 3 is an...

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Elon Musk says future Teslas will be like K.I.T.T. with AI

Twitter makes it incredibly easy to gain insight into what Tesla CEO Elon Musk is thinking, for better or worse. On Sunday, Musk let slip on the social media platform that future Teslas will be reminiscent of K.I.T.T. of "Knight Rider" fame, complete with artificial intelligence. Musk replied to a Twitter user asking if we'll see K.I.T.T.-like artificial...

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Collector car expert Hagerty rates Tesla Model S car of the decade

Hagerty is always on the hunt for the next great collectible car. Such a machine should be considered exemplary amongst automobiles built during the same era. So which future classic fits the mold for the decade starting 2010? According to the insurance specialist, the greatest car of the 2010s is the Tesla Model S. Yes, we're aware that this is the same...

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German Tesla Model S owners told to repay $4,650 electric car subsidy

Hundreds of Tesla Model S owners in Germany will be required to repay a $4,650 electric car subsidy after the country's Federal Office for Economic Affairs and Export Control ruled the car does not qualify. Around 800 owners will be responsible for the sum after the agency declared the Model S is too expensive and does not meet the "environmental bonus"...

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Tesla reveals plans for Chinese plant as new tariffs start to bite

Tesla has been hinting at a Chinese plant since 2014 and now the automaker has finally confirmed one. Following a meeting Tuesday with Chinese officials, Tesla CEO Elon Musk said Shanghai would become the first location for one of its so-called Gigafactories outside the United States. The new plant will be operational in the next two years and at full...

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