Articles by Dana Hull

Tesla Pays CEO Musk Nearly $1M for Controversial D&O Insurance Arrangement

Tesla Inc. is making a one-time payment of almost $1 million to Chief Executive Officer Elon Musk related to a controversial insurance arrangement he agreed to with the carmaker’s board earlier this year. The company is backtracking from plans to …

Musk Holds Out As Other Tesla Directors Settle Investors’ SolarCity Claims for $60M

All Tesla Inc. directors except Chief Executive Officer Elon Musk agreed to a $60 million settlement to resolve shareholder lawsuits over the company’s purchase of SolarCity, according to people familiar with the deal. Insurers covering Tesla’s directors and executives will …

AIG Could Become Involved in Defamation Claim Against ‘Illiquid’ Elon Musk

Insurance giant American International Group Inc. may get wrapped up in a defamation case involving billionaire Elon Musk, who has told lawyers representing the British cave diver suing him that he’s financially illiquid, according to a legal filing. An attorney …

Judge Allows Tesla Investor’s Claim Over Musk’s ‘Extraordinary’ $56B Performance Pact

A Delaware state judge has rejected a request by the board of Tesla Inc. to dismiss a stockholder complaint over an “excessive” 2018 performance award to CEO Elon Musk. In the spring of 2018, shareholders of the electric car-maker approved …

More Tesla Solar Panel Claims Emerge; 2 Home Insurers Allege Negligence

One evening last year, David Burek noticed charred wood and a burning smell in his attic, near his young sons’ bedroom. He climbed a ladder and saw a melted connector wire from the solar panels installed on the roof of …

Amazon Joins Walmart in Claiming Fire Risk with Tesla Solar Panels

Walmart Inc. isn’t the only corporation that has seen its Tesla Inc. solar panels catch fire. On Friday, Amazon.com Inc. said a June 2018 blaze on the roof of one of its warehouses in Redlands, California, involved a solar panel …

Family of Florida Man Killed in Autopilot Crash Sues Tesla

Tesla Inc. was sued for the second time in three months by the family of a car owner who was killed in a crash while using the driver-assistance system Autopilot. Jeremy Banner, 50, died when the Model 3 sedan he …

Tesla Sued over Fatal Crash Allegedly Caused by Autopilot Malfunction

Tesla Inc. was sued over a fatal crash on a California highway allegedly caused when the Autopilot system of a 2017 Model X malfunctioned and steered the car into a concrete barrier. The case was filed just two days after …

Tesla to Create Own Insurance Product, Says Musk

For the second time in three days, Elon Musk has shed light on how Tesla Inc. plans to take on massive industries outside the automotive and clean-energy realms. Tesla’s chief executive officer said during Tesla’s earnings call Wednesday that the …

Tesla Defends Factory Worker Safety as Injury Days-Off Rise

Tesla Inc. factory employees spent almost three times as many days off the job because of work-related injuries and illness in 2018 as the year before, an indication of just how much strain they were under as they manufactured electric …