Elon Musk News

Tesla’s Musk Sees Safe Self-Driving Vehicle This Year and Humanoid Robot Next Year

Tesla’s most important products this year and next will not be cars, Chief Executive Elon Musk said on Wednesday, but software that drives them autonomously and a humanoid robot. The audacious promises by the best-known billionaire in the electric car …

NTSB: Driver was Behind Wheel When Tesla Crashed Near Houston, Killing Two

A driver was behind the wheel when a Tesla electric car crashed and burned last April near Houston, killing two men, neither of whom was found in the driver’s seat. The U.S. National Transportation Safety Board announced the findings in …

Tesla Auto Insurance Expanding into Texas This Week

Tesla will launch its own brand of auto insurance in Texas this week, founder Elon Musk said during a Oct. 7 shareholders call addressing the company’s headquarters relocation from Silicon Valley to Austin, Texas. In January the state insurance department …

Trial Asks the $2 Billion Question: Does Musk Control Tesla?

Does Elon Musk control Tesla Inc. or does Tesla control Elon Musk? More than $2 billion hinges on that question as a trial kicks off on Monday. Shareholders allege that Musk used his control of Tesla to force the company …

Investor Suit Alleges Tesla CEO Musk’s Tweets Violate SEC Pact

Tesla Inc. Chief Executive Elon Musk has been sued by a shareholder who accused him of violating his 2018 settlement with the U.S. Securities and Exchange Commission over his Twitter use. According to a complaint unsealed late Thursday in Delaware …

Former Tesla Employee Settles Over Theft of Trade Secrets, False Claims to Media

A former Tesla Inc. factory employee will pay Elon Musk’s electric car maker $400,000 after it accused him of tipping reporters about alleged production inefficiencies and delays, a court filing shows. The payment by Martin Tripp, a former process technician …

Safety Regulator Vows to ‘Closely Monitor’ New Tesla Self-Driving Software

The U.S. auto safety regulator said on Thursday it was closely watching Tesla Inc.’s release of a software version intended to allow its cars to drive themselves, saying it stood ready to protect the public against safety risks. Tesla on …

Advisor Drops Opposition to Tesla Director After Change in D&O Insurance

Proxy advisory firm Glass Lewis said late on Tuesday it had recommended Tesla Inc.’s investors to vote in favor of re-electing Chairwoman Robyn Denholm after having earlier opposed her re-election in June. Glass Lewis said its recommendation changed due to …

Tesla Says Hedge Fund Is Behind Ex-Employee’s Lawsuit

Tesla Inc. says hedge fund Cable Car Capital LLC, which is shorting the company’s stock, is funding a former employee’s allegations that the company smeared him by accusing him of sabotage and stealing sensitive information. The carmaker said in a …

Tesla Invites Actuaries to Help It Create a ‘Revolutionary’ Insurance Company

Tesla, which has been testing an insurance product for its drivers in California, is preparing to build an insurer, one CEO Elon Musk says will be “revolutionary.” And he’s inviting actuaries to join his cause. “I would love to have …