The Tesla CEO reached a deal with the Securities and Exchange Commission to resolve a securities fraud case. As part of the deal, Tesla and Musk agreed to pay $40 million in penalties.
"Musk's false and misleading public statements and omissions caused significant confusion and disruption in the market for Tesla's stock and resulting harm to investors," the lawsuit says.
Tesla says it handed over documents after CEO Elon Musk announced he would take Tesla private. Investigators might scrutinize the company's accounting practices and whether investors were misled.
DUBAI, United Arab Emirates (AP) — Saudi Arabia's sovereign wealth fund invested over $1 billion Monday in an American electric car manufacturer just weeks after Tesla CEO Elon Musk earlier claimed the kingdom would help his own firm go private.
In his new book Autonomy, Larry Burns, formerly with General Motors, argues that self-driving, electric cars are inevitable. In an interview with NPR, he addresses the now — and the future.
RENO, Nev. (AP) — Tesla added more than 800 employees and $459 million in capital investment at the giant factory in Nevada that manufactures batteries for its electric cars during the fourth quarter of last year.
A former Tesla employee is claiming the company improperly spied on workers and ignored or covered up complaints of rampant theft and drug dealing at the company’s Nevada gigafactory.
The Tesla CEO, reportedly under scrutiny by federal regulators for earlier statements, says the Saudi fund is looking to diversify away from oil with a bigger investment in the electric car company.
Tesla's CEO said that as a public company, the automaker is distracted by wild swings in stock price and is under "enormous pressure" to make decisions that might hurt the company in the long term.
The electric vehicle maker missed its original goal of producing 5,000 of its lower-cost models by the end of 2017. Musk has said meeting that target is crucial to the company's success.
DETROIT (AP) — A former employee hacked into computers at Tesla's Nevada battery factory, stole confidential information and combined it with falsehoods in leaks to the media, the electric car maker alleged in a federal lawsuit.
The driver of a Tesla Model X on autopilot died after it hit a barrier between a highway lane and an exit ramp. The NTSB found he didn't brake or have his hands on the wheel shortly before collision.
SALT LAKE CITY (AP) — A Tesla that crashed while in Autopilot mode in Utah this month accelerated in the seconds before it smashed into a stopped firetruck, according to a police report obtained by The Associated Press Thursday.
The National Highway Traffic Safety Administration said it's looking into a collision where a Model S plowed into another car at 60 mph. It's at least the third safety probe of Tesla since March.
SOUTH JORDAN, Utah (AP) — Tesla says it doesn't know if the Autopilot feature was engaged on one of its sedans that crashed into the back of a fire department truck on a Utah roadway.
The Tesla CEO is known for being outspoken, but after his auto company reported a record loss Musk seemed to lose patience with analysts. "Boring, bonehead questions are not cool," he said.
