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U.S. Justice Department probes Musk statement on taking Tesla private

(Reuters) - Tesla Inc said on Tuesday the U.S. Department of Justice was investigating Chief Executive Elon Musk's public statements in August that he was considering taking the electric car maker private, the latest and biggest threat to Musk's leadership.<p>The Justice Department asked Tesla for …

Automotive Industry

Justice Department launches fraud investigation into Tesla after CEO Elon Musk tweeted that he had 'funding secured' to take the company private

The Department of Justice has launched a criminal investigation into potential fraud by Tesla Inc. following CEO Elon Musk's tweet in August that he …

Tesla

Tesla’s long-awaited dash cam functionality will arrive in the next software update

Tesla CEO Elon Musk has confirmed via Twitter that the automaker’s long-awaited dash cam functionality is currently in final testing, reports <i>Electrek</i><i>.</i> It should be available in version 9 of the software update, which is due out later this month.<p>The update will essentially provide every Tesla owner …

Technology

Tesla is 'headed for the graveyard,' predicts former GM exec Bob Lutz

Tesla CEO Elon Musk is a nice guy who doesn't know how to run a car company, Bob Lutz, former vice chairman of General Motors, told CNBC on …

Lutz

Tesla Shares Extend Decline to 21% Since Musk’s ‘Funding Secured’ Tweet

The pain keeps getting worse for Musk believers.<p>Anyone who bought Tesla Inc. stock after Elon Musk tweeted in August that he might take the company …

Market Capitalization

Tesla Is Said to Face U.S. Criminal Probe Over Musk Statements – Bloomberg

Tesla Is Said to Face U.S. Criminal Probe Over Musk Statements<p>Tesla Is Said to Face U.S. Criminal Probe Over Musk Statements<p>Tesla Is Said to Face …

U.S. Department of Justice

Forget 'Production Hell,' Now Tesla Can't Even Deliver Cars

The Tesla customer tweeted directly to Musk saying, "There are 42 Tesla's sitting at the Union Pacific Railroad in SLC. My car is one of these. I've …

Tesla

Tesla Model 3s Held at Salt Lake City Rail Yard Finally Make Their Way to Buyers

Finally, this saga has a happy ending.<p>Megan Gale<p>Last week <i>The Drive</i> broke the news of some Tesla Model 3s being held in Salt Lake City at the Union …

Salt Lake City

Tesla under investigation by US justice department after Elon Musk tweets

More bad news is piling up for Elon Musk, the billionaire founder of the electronic car company Tesla. Tesla is now under investigation by the US justice department over statements the company and Musk made last month.<p>Bloomberg first reported the DoJ has opened a criminal inquiry into statements …

U.S. Department of Justice

A Tesla competitor just got $1 billion boost from Saudi Arabia

A hotshot electric vehicle company in Silicon Valley just got a $1 billion investment from Saudi Arabia’s Public Investment Fund.<p>No, not Tesla. We're …

Saudi Arabia

Elon Musk Hints at Autonomous Cross-Country Road Trips With Autopilot V10

Tesla’s fully-autonomous driving system is coming soon. On Tuesday, CEO Elon Musk claimed on Twitter that the company could complete a cross-country …

Innovation

Tesla’s fully self-driving cross-country road trip to ‘probably’ happen with version 10 ‘alpha build’, says Elon Musk

Tesla has been talking about demonstrating the full capabilities of its second generation Autopilot system with a fully self-driving cross-country road trip for 2 years now, but it has yet to happen.<p>Now CEO Elon Musk gives a new timeline for the fully self-driving cross-country road trip: …

Tesla

Tesla's In-House Body Shop Fixes This Model 3 In 25 Hours

The first nine in-house body shops were opened this month, and so far, the service has reportedly been excellent.<p>It was back in April, during Tesla’s …

Customer Service

Betting Against Tesla: Short-Sellers Make Their Case

For the past year, Elon Musk has waged a bitter war of words with short-sellers, the investors who are betting billions of dollars that Tesla will fail.<p>On Twitter and in interviews, he has called them haters and jerks who know little about electric cars. He has accused them of spreading false …

Business

Musk says Tesla is now in 'delivery logistics hell'

Tesla's Chief Executive Officer Elon Musk acknowledged that the electric carmaker's problems have now shifted to delivery logistics from production …

Profit

Health industry leads the way when it comes to AI investment

The healthcare industry is leading the charge when it comes to Artificial Intelligence (AI) development and adoption, new research has found.<p>A report …

Health Care Industry

Long held as oldest in US, New Jersey nuclear plant closes

LACEY TOWNSHIP, N.J. (AP) — A nuclear power plant long considered to be the oldest in America shut down Monday, the victim of its age and inability to compete with newer, cheaper gas-fired power plants.<p>The Oyster Creek Nuclear Generating Station in New Jersey went offline at noon Monday, powering …

New Jersey

Former SpaceX Engineer Targets Consumer Traders With His LXDX Crypto Exchange

A former engineer at Elon Musk’s SpaceX has announced his new firm LXDX would launch a public cryptocurrency exchange, Leaprate reports Monday, …

Trading

SpaceX Has Apparently Tweaked Its Giant BFR Rocket Design. And It Looks Awesome!

SpaceX's giant Big Falcon Rocket (BFR) has a sleek new look for an audacious private passenger flight around the moon. If an early rendering is …

BFR

SpaceX says it will send someone around the Moon on its future monster rocket

A truly out of this world vacation<p>SpaceX has signed its first customer to fly on the company’s huge new rocket, the BFR, the company says. The passenger will fly on the monster ship around the Moon, though there are no details yet regarding when the trip will happen. SpaceX says it will announce …

Falcon Heavy

While Media Tries To Make Tesla Look Like Prey, It’s King Of The Jungle

IN THE AUTO INDUSTRY JUNGLE, TESLA IS PREDATOR, NOT PREYHow would you react to a news story like this: long-established print newspapers such as the …

Electric Vehicles

Another Tesla executive heads for exit

Tesla confirmed on Wednesday that finance executive Justin McAnear is leaving the electric car maker as it strives to become profitable by the end of …

Chief Accounting Officers

Tesla backer Baillie Gifford doubts Tesla boss Elon Musk’s mentality

Tesla’s biggest institutional investor has questioned Elon Musk’s mental state and called on him to hire more help running the company.<p>James …

Tesla

Tesla investor says Musk ‘needs help … psychologically as much as practically'

Tesla Inc’s biggest institutional investor said on Wednesday it was questioned by U.S. securities regulators about Elon Musk’s now-abandoned plans to take the electric carmaker private and that the chief executive needed help running the company.<p>“He needs help, and I mean that psychologically as …

Profit

Another Tesla executive heads for exit

SAN FRANCISCO (AFP) -<p>Tesla confirmed on Wednesday that finance executive Justin McAnear is leaving the electric car maker as it strives to become profitable by the end of the year.<p>Word that McAnear was heading for the off-ramp followed chief accounting officer Dave Morton's departure after just a …

Chief Accounting Officers

Elon Musk’s Boring Company earns approval for futuristic garage that would connect to underground commuter tunnel

Elon Musk’s Boring Company won approval from the Hawthorne City Council on Tuesday night for a prototype of a revolutionary new garage that would …

Los Angeles

Tesla's Chief Motor Engineer Talks About Model 3 Motor Tech

TALKING MOTORS WITH TESLA’S TOP MOTOR ENGINEERTesla is always inclined to do things differently, and this applies to the motors it uses in its …

Tesla Model 3

Tesla's Finance Team Is Losing Another Top Executive

Another high-ranking finance executive at Tesla Inc. is leaving the company, according to people familiar with the matter.<p>Justin McAnear, vice …

Tesla

Elon Musk Gives Investors A Chance To Buy Tesla Under $300

When Tesla was at $215, one of my best managers, Gorden Lam, told us that the catalyst for Tesla is production. It took longer to get here than he expected, but it looks like Tesla may turn profitable either this quarter or next. With the stock now at $290, Gorden is up 35% over the past 26 months, …

Profit

Elon Musk Vows to Fix Slow Customer Response

Tesla Inc. is getting overwhelmed by demand and isn’t responding to customers quickly, Chief Executive Officer Elon Musk said, acknowledging the …

Customers