Tesla - Page 7

Fidelity Investments has reported that Twitter is now worth just one-third of the $44 billion that tech mogul Elon Musk paid for the social media giant about nine months ago. Fidelity holds a stake in Twitter after backing Musk’s takeover.

Tesla CEO Elon Musk has touched down in Beijing, marking his first visit to China in three years, amidst intensifying competition in the electric vehicle market and speculation over Tesla’s expansion plans in the country.

A massive leak of alleged internal files from Elon Musk’s Tesla has revealed over 1,000 accident reports concerning phantom braking or unintended acceleration, with a disturbing trend of the company dismissing customer complaints about dangerous Autopilot glitches.

In a striking oversight, Elon Musk and his SpaceX team failed to properly implement privacy measures offered by an FAA program, which has allowed continued tracking of Musk’s private jet. Self-proclaimed “free speech advocate” Musk had previously banned a teenager from Twitter for running “@ElonJet,” an account that tracked his private jet’s flight activity.

In response to a growing trend among car manufacturers to exclude traditional AM radio from their vehicles, a bipartisan group of US lawmakers has proposed legislation that would require automakers to retain the ability for drivers to tune in to the airwaves dominated by conservative talk radio.

In a dramatic shift following Elon Musk’s takeover of Twitter, the social media giant’s workforce was slashed by a staggering 90 percent over the past six months. However, Musk hinted in a recent interview that the company might attempt to rehire some of the ousted employees.

The Business and Human Rights Resource Center (BHRRC), a human rights advocacy group based in London with an international research team, published a report last week that warned of human rights violations and environmental damage in the supply chain for electric vehicle (EV) batteries.

Soros Fund Management — the principal asset manager for the Open Societies Foundations, founded by left-wing billionaire and Democrat donor George Soros — has sold all of its stock in Elon Musk’s Tesla.

The U.S. Virgin Islands issued a subpoena to Tesla CEO and Twitter owner Elon Musk, seeking documents for its lawsuit against JPMorgan Chase. The U.S. territory is suing the bank, alleging it enabled and benefitted from its longtime customer, disgraced financier and sex trafficker Jeffrey Epstein.

Major automakers are removing AM radios from their new models in a move that heralds the end of an era, sparking outrage from listeners, station owners, and politicians alike who lament the potential loss of an iconic part of American culture and criticize the move as “tone deaf.” Mark Levin commented on the change, saying: “The automobile is essential to liberty. It’s freedom. So the control of the automobile is about the control of your freedom. They finally figured out how to attack conservative talk radio.”

The growing “features on demand” (FoD) trend in the auto industry is upsetting American car owners, who are growing increasingly displeased with having to pay for extra car features via subscription. 69 percent of respondents to a recent survey indicated that they would probably switch car brands if they were forced to pay monthly fees for features like heated seats.

A California man says he’s “so lucky to be alive at this moment” after his Tesla electric vehicle began shaking and subsequently caught fire during a highway drive over the weekend.

SpaceX, Tesla, and Twitter CEO Elon Musk met with Senate Majority Leader Chuck Schumer (D-NY) on Wednesday to discuss AI regulation, a topic on which the billionaire has been vocal on.

General Motors is reportedly preparing to ramp up its electric vehicle (EV) production in a few months to challenge Tesla as Elon Musk grapples with his own business struggles.

Elon Musk’s business empire is facing troubled times as Tesla’s disappointing first-quarter results, the SpaceX rocket explosion, and Twitter’s chaos have led to a decline in hypermaster Musk’s net worth.

UK buyer interest in new electric vehicles (EVs) may be declining, data from the largest car sales website suggests as Tesla boss Elon Musk flags further discounts down the road to try and boost sales.

Following Elon Musk’s labeling of NPR as “government funded” media, critics have pointed out that SpaceX and Tesla have benefited from billions in government contracts and subsidies over the years.

A Business Insider reporter learned how “brutal” a road trip in an electric vehicle (EV) can be when he was forced to bundle up instead of using the heater in his car to try to maximize his range. After the trip he commented, “I’d be lying if I said I didn’t curse these silly electric cars under my breath once or twice.” 

Self-driving cars have reportedly caused increased delays, confusion, and anxiety among public transit drivers as self-driving car companies plan to further expand their fleet. One city official explained, “We are very concerned that if autonomous vehicles are allowed limitless, driverless operations in San Francisco that the traffic impacts grow exponentially.”

A lawsuit has been filed against Tesla following recent reports that Tesla workers were sharing images and videos collected from vehicle cameras. According to reports, employees shared clips of crashes, intimate sexual situations, and other content recorded from cameras in customers’ vehicles without their knowledge and consent.

Elon Musk’s Tesla is planning to expand its operations in communist China with the development of a new Megapack battery factory that aims to produce 10,000 units annually for worldwide sales.

Former Tesla employees are claiming that videos of naked customers and other intimate moments captured within vehicles and footage from inside Elon Musk’s garage were shared among staff at the electric car company. One former employer explained, “I always joked that I would never buy a Tesla after seeing how they treated some of these people.”

Tesla and Transport Canada have begun investigating the possible causes of a recent incident where a Tesla Model X burst into flames in Sherbrooke, Quebec. The driver and his companion narrowly escaped the blaze, which began shortly after they began a drive. Incredibly, the driver has used his insurance payment to buy another Tesla.

Tesla has been ordered by a federal jury to pay $3 million in punitive damages and $175,000 in compensatory damages to a former worker in a racial harassment case. The amount is a dramatic reduction from a prior judge’s awarding of $15 million in damages, which itself was a reduction in the jury’s award of $137 million.

Investors have claimed that Tesla and Twitter CEO Elon Musk ran a pyramid scheme to boost the price of the popular Dogecoin cryptocurrency, and are suing Musk for $258 billion in damages.

According to a new report, Tesla’s Solar Roof system has only been installed in 3,000 U.S. locations despite Elon Musk’s promise to install 1,000 systems per week. Research Firm Wood Mackenzie notes that Musk’s company was installing about 21 solar roofs per week in 2022.

The NHTSA has launched yet another investigation into Tesla vehicles, this time over reports of multiple seatbelt failures in the company’s newer Model X vehicles.

The family of a husband and wife who died when their Tesla crashed into a truck in a Florida rest stop has filed a wrongful-death suit against Elon Musk’s car company claiming that the electric vehicle ‘malfunctioned,’ causing the crash that ended the lives of their loved ones.

A recent report claims that Elon Musk’s decision to remove radar sensors from Tesla cars and rely on cameras for its Full Self-Driving software has resulted in a number of collisions and near-misses for drivers.

In a bizarre incident, a man unintentionally stole another person’s Tesla Model 3 and drove off after being given access to it via the Tesla app. The accidental thief only realized his error when the other Tesla owner called him to arrange a car swap.

Some electric vehicle (EV) manufacturers are scrapping the AM radio from their cars, claiming safety concerns. Although conservative talk radio dominates AM radio ratings, it is also considered a critical safety tool, as it is one of the primary ways that federal, state, and local officials communicate with the public during natural disasters and other emergencies.

Elon Musk, the CEO of Tesla and new owner of Twitter, recently stated that he is “open to the idea” of purchasing Silicon Valley Bank (SVB), which U.S. regulators shut down Friday due to a run on deposits.

The National Highway Traffic Safety Administration (NHTSA) claims that a Tesla vehicle that collided with a fire truck, killing the driver and injuring firefighters, had Tesla’s “Full Self-Driving” autopilot engaged at the time of the crash.

The National Highway Traffic Safety Administration (NHTSA) has opened an investigation into Tesla after receiving complaints from drivers that the steering wheel on Tesla Model Y vehicles can come off while driving. The investigation will likely have an impact on 120,000 cars produced in 2023.

Tesla shares slid by six percent at the end of the week following Elon Musk’s recent investor day presentation which was largely panned by investors despite positive sentiment from analysts.

Tesla CEO Elon Musk recently announced the construction of a new $10 billion Gigafactory to produce electric vehicles. But Tesla won’t be bringing jobs to the United States — his latest plant will be located in Mexico.