Tesla News
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Days after announcing a new mid-range Model 3 variant, Tesla has increased the price of the electric car from $45,000 to $46,000. The price hike also follows news that Tesla has dropped the Full Self-Driving option from its online configurator. Tesla told Motor Authority the $1,000 price increase is "a slight adjustment" to the Model 3 following the introduction of the Mid Range Battery last week. But, a spokesperson added, "We will honor the lower pricing for all in-progress orders." Those who've already ordered their $45,000 Model 3 won't suddenly see a $1,000 charge added. The Model 3 Mid...
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Boring Company tunnel under LA opens Dec. 10, free 155 mph rides
The Boring Company's first tunnel finally has its date with destiny set: Dec. 10. Chief executive officer Elon Musk named the December date as the grand opening and plans for a ceremony in Los Angeles. The first tunnel has been under construction for months, but Musk announced in May it would open...
Sean Szymkowski -
Tesla now sells Model 3 with 260-mile range, $45,000 sticker
Tesla late on Thursday started accepting orders for a more affordable Model 3 Mid Range sedan in the United States and Canada. The Mid Range is priced at $45,000 and has a range of 260 miles. That compares to the Model 3 Long Range which is priced at $54,000 and has a range of 310 miles. While the...
Viknesh Vijayenthiran -
Tesla buys site for Chinese Gigafactory
As Tesla moves forward with plans to build electric cars in China, the automaker has secured land in the country for one of its so-called Gigafactories. Reuters reported Wednesday that Tesla has signed an agreement with the Shanghai government for an 860,000-square meter plot of land for the new...
Sean Szymkowski -
James Murdoch could take chairman role at Tesla
James Murdoch, son of billionaire media mogul Rupert Murdoch, is the leading candidate to take over the chairman role at Tesla, the Financial Times reported Wednesday, citing two people familiar with the matter. However, Elon Musk, current CEO and chairman at Tesla, hit Twitter shortly after the...
Viknesh Vijayenthiran -
Tesla CEO Elon Musk settles with SEC, fined $40M and will step down as chairman
Tesla and its CEO Elon Musk settled a lawsuit with the Securities and Exchange Commission on Saturday that will result in a $40 million fine and a new chairman of Tesla's board of directors. The lawsuit was filed after Musk claimed "funding secured" in tweet as he floated the idea of taking the...
Joel Feder -
Note to readers: This story has been updated from its original version with comment from Musk. Federal regulators said Thursday in a lawsuit that Tesla CEO Elon Musk intentionally misled investors last month when he tweeted that he had "funding secured" to buy back millions of dollars in shares, and asked a judge to bar Musk from running the automaker and to repay investors for any losses. The lawsuit by the Securities and Exchange Commission was filed in a federal district court in New York. In the 23-page allegation, the SEC lays out its case that while Musk had met with representatives...
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DOJ wants to know if Tesla CEO Elon Musk broke the law in going-private tweets
On August 7 Tesla CEO Elon Musk tweeted about taking the automaker private. While it may have seemed to slip out of the news, the tweet had not slipped the minds of federal agencies. The Wall Street Journal reported on Tuesday that the Department of Justice (DOJ) now has an open investigation into...
Joel Feder -
Walmart plans to purchase 30 more Tesla Semis
After placing an order for 15 Tesla Semis, Walmart is keen to buy even more. The discount retailer plans to purchase 30 additional electric semi-trucks from the Silicon Valley automaker. Reuters reported Thursday that the 30 additional Tesla Semi trucks would operate in Canada and join 10 trucks...
Sean Szymkowski -
Tesla Roadster makes European debut at 2018 Grand Basel show
Tesla's big surprise the company promised for this week's 2018 Grand Basel show in Switzerland has turned out to be a mockup of the second-generation Roadster, this one finished in white. It was hoped we might see a production-ready example of the new Roadster, which Tesla has promised for delivery...
Viknesh Vijayenthiran -
Spurred by Tesla, Koenigsegg aiming for 250 mph in 14 seconds
Koenigsegg currently produces the world's fastest production car in the Agera RS, but the company isn't stopping there. Especially not after learning how quickly the 2020 Tesla Roadster will accelerate. Speaking to Top Gear in a Friday report, founder and namesake, Christian von Koenigsegg, told...
Sean Szymkowski -
Tesla works on tech to flash indicators when drivers forget
The turn signal is one of the most essential passive safety measures onboard every single new car. Yet, millions of drivers choose to ignore the ability, and let's face it, the decision puts other drivers at risk. Tesla appears ready to flick the indicators whether a driver likes it or not. The...
Sean Szymkowski -
The Grand Basel show in Switzerland will play host to a new Tesla reveal, the electric car manufacturer confirmed Friday. Tesla sent invites to owners declaring it has a "surprise" to showcase at the show that celebrates all things design, as well as "automotive masterpieces." Noting the show's theme, the production version of the Tesla's second-generation Roadster is the most likely candidate for a debut, unless the company is prepared to show off something truly surprising. CEO Elon Musk pulled a classic Steve Jobs "one more thing" moment during the reveal of the Tesla Semi and surprised...
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This Audi S5 has a Tesla Model S powertrain
Engine swaps are an integral part of automotive culture. For decades, gearheads have ripped out factory engines and replaced them with something superior, at least in their eyes. Perhaps the powertrain in the Tesla Model S will soon become the GM LS V-8 swap of the future for those who prefer...
Sean Szymkowski -
New Tesla Roadster acceleration makes Jay Leno scream
In November 2017, Tesla showed us "one more thing" at the company's reveal of its Semi. That "thing" turned out to be the second-generation Roadster, planned for 2020. And at the debut event, Tesla gave depositors their first rides in the future electric sports car. Now, Jay Leno has had his turn...
Sean Szymkowski -
Volkswagen was reportedly Tesla's backer to go private
Volkswagen may have offered to come to Elon Musk's rescue but the Tesla CEO turned down funding from the German automaker and others to take his company private, according to a report from The Wall Street Journal on Monday. Elon Musk started a circus Aug. 7 when he tweeted about taking Tesla...
Joel Feder -
Elon Musk decides to keep Tesla public, board agrees
After a 17-day roller coaster, Tesla [NASDAQ: TSLA] CEO Elon Musk announced Friday via a blog post on the automaker's website that Tesla will remain a publicly traded company. The announcement comes more than two weeks after Musk tweeted his idea of taking Tesla private at $420 per share and said...
Joel Feder -
Russian manufacturer Kalashnikov moves from AK-47s to an electric car
Readers may not recognize the Kalashnikov name, but they will recognize one of its best-known products: the AK-47 assault rifle. Now, the same company has decided to gun for the electric car market. It's called the CV-1 and the Russian firm unveiled the car at the 2018 International Military...
Sean Szymkowski -
It’s hard to overstate Elon Musk’s contributions to the 21st century. As one of PayPal’s founders, Musk cemented his fortune. As the dreamer behind SpaceX, he cemented his vision for humanity’s future. As Tesla’s CEO, he’s created an automaker that not only established itself as a major force in a few short years but also redefined the idea that “environmentally responsible” and “enviable” aren’t mutually exclusive. And now it’s time for Musk to step aside. As the ongoing circus around Tesla continues, it’s clear...
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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...
Joel Feder -
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...
Joel Feder -
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...
Joel Feder -
Elon Musk isn't kidding, Tesla board confirms TSLA could go private
Elon Musk disrupted multiple industries on Tuesday when the Tesla CEO [NASDAQ: 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...
Joel Feder -
Updated: Elon Musk considering taking Tesla private, TSLA stock trading halted
Update: 3:53 pm EST: Tesla stock is now trading again. It opened today at $341.99 and is up 10.61 percent at $378.26 currently. ------------------------------------------ Update 3:44 pm EST: Tesla released a statement that was emailed to employees earlier today laying out the potential of taking...
Joel Feder