Tesla News
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What started as a joke has turned into a real-life prototype. Elon Musk japed that he'd dig tunnels under Los Angeles to avoid traffic, and on Tuesday his Boring Company opened its first prototype tunnel in LA. The entrepreneur behind Tesla and SpaceX also provided more details on how the system works. Musk started The Boring Company as a solution to traffic and congested cities. Machines dig tunnels to fit a vehicle, and an elevator shaft drops them down. From there, the car deploys tracking wheels that rub against the walls to guide it along the tunnel. For now, it's unclear how a vehicle...
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2018 Tesla Model 3 first drive review: This is the future, todayIt’s not a hypercar, supercar, or even a sports car, and yet it’s one of the most hyped vehicles of the last decade. The Tesla Model 3 needs no introduction. The linchpin in Tesla’s Master Plan, the Model 3 is supposed to be an affordable, high-volume electric car. It’s not...
Joel Feder -
Tesla seeks $167M from ex-employee in ongoing legal battleTesla sued a former employee for allegedly stealing confidential photos and video of Tesla's manufacturing systems and other trade secrets this past summer, and it's just been reported the electric car company is seeking $167 million in damages from the lawsuit. CNBC reported Tuesday that Tesla's...
Sean Szymkowski -
Elon Musk says he doesn't respect SEC, his tweets have no oversightElon Musk stepped back into the limelight after a tumultuous year. The automaker he oversees, Tesla, was rocked with SEC investigations, production qualms, but turned a profit for the first time in years this year. In an interview with CBS' "60 Minutes" that aired Sunday, Musk recapped 2018 and...
Sean Szymkowski -
Elon Musk open to working with Daimler on electric vanOnly last month, Daimler CEO Dieter Zetsche revealed in an interview with Polish newspaper Rzeczpospolita that the company's 2014 divestiture of a stake in Tesla didn't exclude the possibility of a future cooperation between the two firms. Tesla CEO Elon Musk has since given similar comments...
Viknesh Vijayenthiran -
Tesla Model 3 Performance adds "Track mode," system detailedTesla has officially begun rolling out its awaited "Track mode" for the Tesla Model 3 Performance. The electric-car maker confirmed the release via Twitter on Thursday and released details on how the system works on its website. We learned initial details on the Track mode this past July, but Tesla...
Sean Szymkowski -
Tesla late on Wednesday named Robyn Denholm as its new chairman to replace Elon Musk, effective immediately. Musk was forced to give up the role as part of a settlement with the Securities and Exchange Commission over a lawsuit filed against him for his infamous “funding secured” tweet made in August in regards to taking Tesla private, though he remains CEO of the electric car manufacturer. Musk and Tesla were also fined $20 million each as part of the deal. Denholm has been a Tesla board member since 2014 and has extensive experience in the finance and tech fields. She is widely...
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Tesla says SEC subpoenaed information about 2017 production numbersThe Securities and Exchange Commission wants to know if Tesla CEO Elon Musk misled investors last year about the automaker's capacity to build the Model 3 sedan, the company disclosed Friday. In a routine filing to investors, Tesla said the SEC subpoenaed information about statements made in 2017...
Joel Feder -
Daimler open to another collaboration with TeslaAt one point, Daimler owned 10 percent of Tesla. That was back in 2009 when the German auto giant acquired stock in Tesla in an effort to collaborate and develop electric car technology. However, as it started to become clear that electric cars were popular with some buyers, Daimler in 2014 decided...
Jeff Glucker -
Tesla reportedly faces FBI investigation over production numbersTesla reportedly faces an investigation by the FBI that the automaker and CEO Elon Musk may have misled investors about its production numbers. The Wall Street Journal reported Friday that the FBI is "examining whether Tesla misstated information about production of its Model 3 sedans and misled...
Joel Feder -
Tesla's Chinese plant will initially build Model 3, Model YTesla a week ago purchased a plot of land near Shanghai to build its Chinese plant. The plant, which will be 100 percent owned by Tesla and have the capacity to build 250,000 vehicles annually initially, will start off building the Model 3 and upcoming Model Y. The information was detailed in a...
Viknesh Vijayenthiran -
Tesla increases Model 3 Mid Range price, drops Full Self-Driving optionDays 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...
Sean Szymkowski -
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 in a "few months" and that the company planned to offer free rides to the public. Musk kept his word and said the public will be able to ride in the first tunnel the next day, Dec. 11, free of charge. The first tunnel is almost done — Elon Musk (@elonmusk) October 22, 2018 Musk replied to a...
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Tesla now sells Model 3 with 260-mile range, $45,000 stickerTesla 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 GigafactoryAs 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 TeslaJames 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 chairmanTesla 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 -
SEC sues Tesla CEO Elon Musk for lying about funding, seeks to bar him from running TeslaNote 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...
Aaron Cole -
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 the Silicon Valley company, and whether it violated any rules when Musk sent his now-infamous tweet. Am considering taking Tesla private at $420. Funding secured. — Elon Musk (@elonmusk) August 7, 2018 Tesla said it received from the agency a "voluntary request for documents," which is step...
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Walmart plans to purchase 30 more Tesla SemisAfter 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 showTesla'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 secondsKoenigsegg 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 forgetThe 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 -
Tesla has a surprise reveal for Grand Basel show; is it the production Roadster?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...
Sean Szymkowski