Dharmesh Patel: California doctor accused of driving family off cliff seen in new mugshot after hospital stay
California doctor Dharmesh Patel, who is charged with attempted murder after allegedly driving his family off a cliff, can be seen in a new mugshot after his hospital stay.foxnews.com
Elon Musk's Tesla tweet trial delves into investor damages
The mind-bending estimates laid out by two experts hired by attorneys representing Tesla shareholders underscored the challenges facing a nine-person jury as the three-week trial winds down this week. Without acknowledging any wrongdoing, Musk and Tesla reached a $40 million settlement with securities regulators after Musk's troublesome tweets in August 2018. In this class-action lawsuit on behalf of Tesla shareholders, the jurors must first determine whether two tweets that Musk abruptly posted on Aug. 7, 2018 steered Tesla investors in the wrong direction. The crux of the case hinges on an Aug. 7, 2018, tweet in which Musk declared "funding secured " to take Tesla private. After consulting with Tesla's major shareholders, Musk decided the electric automaker should remain publicly traded — a decision that has paid off for him and other investors.wftv.com
Wife of doctor accused of driving his Tesla off a cliff with his family inside shouted to rescuers 'he intentionally drove the car over' edge, DA alleges
The San Mateo County district attorney told reporters it was a "miracle" the family of four survived the 250-foot plunge in Northern California.news.yahoo.com
'He intentionally tried to kill us': Wife's statement to paramedics key to charges against Tesla driver who drove family off cliff
Dharmesh Patel, 41, was arrested by the California Highway Patrol on suspicion of attempted murder and child endangerment after the Jan. 2 crash, but prosecutors waited until after he was transferred out of the hospital to charge him.news.yahoo.com
Elon Musk's mysterious ways on display in Tesla tweet trial
SAN FRANCISCO — (AP) — Elon Musk's enigmatic personality and unconventional tactics are emerging as key exhibits in a trial revolving around one of his most polarizing pursuits — tweeting. “It is relatively easy for me to get investment support because my track record is extremely good,” Musk wryly observed. THE TROUBLESOME TWEETSThe crux of the case hinges on an Aug. 7, 2018, tweet in which Musk declared "funding secured" to take Tesla private. That is one reason U.S. District Judge Edward Chen had decided last year that Musk's 2018 tweets were false and has instructed the jury to view them that way. Musk also enlisted Dan Dees, a top executive with Goldman Sachs, an investment banking firm that had worked closely with Tesla.wftv.com
Elon Musk's mysterious ways on display in Tesla tweet trial
Elon Musk’s enigmatic personality and unconventional tactics are emerging as key exhibits in a trial revolving around one of his most polarizing pursuits — tweeting. The trial, centered on a pair of tweets announcing Musk had obtained the money to take Tesla private in 2018, reeled the 51-year-old billionaire into a federal courtroom in San Francisco for three days of testimony that opened a peephole into his often inscrutable mind. Musk, who now owns the Twitter service that he deploys as his megaphone, was often a study in contrasts during his roughly eight hours on the stand.news.yahoo.com
Musk, top Biden aides meet in Washington, talk electric cars
WASHINGTON — (AP) — Tesla CEO Elon Musk and a pair of top aides to President Joe Biden met in Washington on Friday to discuss the electric vehicle industry and the broader goal of electrification. Musk and Biden did not meet, White House press secretary Karine Jean-Pierre said. Landrieu oversees federal spending on infrastructure, which included financial help for the electric vehicle industry. Asked whether the meeting signaled a new phase in White House relations with Musk, Jean-Pierre said it “says a lot” about how Biden sees the importance of both pieces of legislation. “I think it's important that his team, senior members of his team, had a meeting with Elon Musk,” she said.wftv.com
Wall Street rises to hit best level in nearly eight weeks
NEW YORK — (AP) — Stocks climbed Thursday to send Wall Street to its highest level in nearly eight weeks following reports suggesting the economy and corporate profits may be doing better than feared. More swings may still be ahead, as Wall Street digests a growing torrent of earnings and economic reports. NEW YORK (AP) — Stocks are moving higher on Wall Street Thursday following reports suggesting the economy and corporate profits may be doing better than feared. More swings may still be ahead, as Wall Street digests a growing torrent of earnings and economic reports. White House spokesman Abdullah Hasan suggested oil companies instead “use their record profits to increase supply.”On the losing end of Wall Street was Sherwin Williams.wftv.com
Tesla will invest $3.6B in Nevada truck factory expansion
The company confirmed it plans to produce high volumes of semi-trucks and make enough cell batteries for 2 million light-duty vehicles annually in Nevada. He said the expansion would create 3,000 jobs in Nevada while promoting clean energy and strengthening U.S. security. Lombardo tweeted a photo late Tuesday of himself with Musk at Tesla’s “Gigafactory” in the industrial park east of Reno-Sparks, where it makes batteries for electric vehicles. The truck has a range per charge of 500 miles (800 kilometers) when pulling an 82,000-pound (37,000-kilogram) load, Musk said. The Austin, Texas, maker of electric vehicles and solar panels said on Wednesday it earned $3.69 billion from October through December, or an adjusted $1.19 per share.wftv.com
Tesla says its 4Q profit rose 59%, expects strong margins
The company’s profit was 59% more than the same period a year ago. Revenue for the quarter was $24.32 billion, which fell short of the $24.67 billion that analysts expected. Tesla said in its investor letter Wednesday that it would produce about 1.8 million vehicles this year, ahead of a predicted 50% annual growth rate. Despite its name, “Full Self-Driving” cannot drive itself, and Tesla warns drivers that they must be ready to intervene at any time. The company's stock tumbled 65% last year on fears that Musk was distracted by his $44 billion acquisition of Twitter.wftv.com
Elon Musk's tweeting style seizes spotlight in Tesla trial
“If something really upsets you, go for a walk around the factory," Ron Baron, a major Tesla shareholder, told Musk in a July 15, 2018 email that was displayed as evidence during Wednesday's trial. While testifying Wednesday, Gracias acknowledged having some discussions that "maybe Elon should take a break from tweeting." Tesla's board never took formal action to rein in Musk's Twitter usage, but Gracias testified that he personally asked him to stop tweeting about a potential Tesla buyout without board approval after the Aug. 7, 2018 tweets. Just to make sure, Fath followed up with an email to Musk imploring him to “remember the golden rule. “Do you know that this is trial is not about whether Elon Musk is a good or bad tweeter?"wftv.com
Elon Musk's tweeting style seizes spotlight in Tesla trial
Tesla CEO Elon Musk’s impulsive and sometimes inflammatory usage of Twitter has taken center stage in a trial focused on whether he misled investors with his 2018 tweets indicating he had lined up financing to take the electric automaker private, a proposal that rapidly unraveled.
Edmunds: The pros and cons of software running your car
The takeaway was clear: More and more vehicles will be run top to bottom by software, not hardware. While cars of the past 20 years have gained touchscreens and have plenty of engine- and safety-related computing power, those software features are largely stuck in time once the car rolls off the assembly line. The future holds that nearly every vehicle feature will be controlled by software, which offer the potential to improve features over time. Their manufacturers seamlessly update their software on a regular basis to fix bugs and breaches and add functionality. They have high-speed Wi-Fi and cellular connections that automakers use to send out software updates via the cloud to its vehicles.wftv.com
Analyst: Musk has 'hard sell' to jury in trial
Elon Musk returned to federal court to defend himself against a class-action lawsuit that alleges he misled Tesla shareholders with a tweet about an aborted buyout that the billionaire defiantly insisted Tuesday he could have pulled off, had he wanted. (Jan 24)news.yahoo.com
Elon Musk defiantly defends himself in Tesla tweet trial
The statements resulted in Musk and Tesla to reach the $40 million settlement without acknowledging any wrongdoing. After those tweets, Musk declared Tesla would remain publicly a few weeks later. While being steered by Spiro, Musk told jurors he had stated only that he was “considering” a Tesla buyout but never promised a deal would get done. While being grilled the day before by Porritt, Musk at times was combative, indignant and exasperated. Musk's ownership of Twitter also has proved unpopular with Tesla shareholders who worry about him being distracted as the automaker faces more competition.wftv.com
Elon Musk: 'I had no ill motive' in tweet about Tesla buyout
As Spiro gently prodded him, Musk told the nine-person jury he had stated only that he was “considering" a Tesla buyout but never promised a deal would get done. While being grilled the day before by an attorney representing Tesla shareholders, Musk at times was combative, indignant and exasperated. “I don’t believe they actually represent shareholders,” Musk sneered, drawing a rebuke from U.S. District Judge Edward Chen, who ordered the remark stricken from the record. “It’s not a problem for me to raise money,” Musk said, chuckling. The statements resulted in Musk and Tesla to reach the $40 million settlement without acknowledging any wrongdoing.wftv.com
Elon Musk: Tweets about taking Tesla private weren't fraud
I didn't want to sell Tesla stock but I did sell Tesla stock,” he said of the sale to make up for lack of funding from other sources for his $44 billion deal to take Twitter private. “My SpaceX shares alone would have meant that funding was secured,” Musk said of the 2018 tweets. At a July 31, 2018 meeting, the Saudi Public Investment Fund’s Yasir Al-Rumayyan “confirmed unequivocally that they would support Tesla going private. After it became apparent that the money wasn’t in place to take Tesla private, Musk stepped down as Tesla’s chairman while remaining CEO as part of the SEC settlement, without acknowledging wrongdoing. Asked by his lawyer, Alex Spiro, if he understood the charges against him, Musk said he's being "accused of fraud.wftv.com
Elon Musk defends his tweets about taking Tesla private
But the deal never came close to happening, and the tweet resulted in a $40 million settlement with securities regulators. “Just as I sold stock in Tesla to buy Twitter. I didn't want to sell Tesla stock but I did sell Tesla stock,” he said of the sale to make up for the lack of funding from other sources for his $44 billion deal to take Twitter private. “My SpaceX shares alone would have meant that funding was secured,” Musk said of the 2018 tweets. After it became apparent that the money wasn’t in place to take Tesla private, Musk stepped down as Tesla’s chairman while remaining CEO as part of the SEC settlement, without acknowledging wrongdoing.wftv.com
Elon Musk testifies in 2nd day of Tesla tweet trial
SAN FRANCISCO — (AP) — Elon Musk returned to federal court Monday in San Francisco to testify in a class action lawsuit filed by Tesla investors alleging he misled them with a tweet. The trial hinges on the question of whether a pair of tweets that Musk posted on Aug. 7, 2018, damaged Tesla shareholders during a 10-day period leading up to a Musk admission that the buyout he had envisioned wasn’t going to happen. “Just as I sold stock in Tesla to buy Twitter. I didn't want to sell Tesla stock but I did sell Tesla stock,” he said of the stock sale to make up for the lack of funding from other sources for his $44 billion deal to take Twitter private. “My SpaceX shares alone would have meant that funding was secured,” Musk said.wftv.com
Woman dies after crashing Tesla into California swimming pool
SAN RAFAEL, Calif. — A woman died after crashing her Tesla into a swimming pool in Northern California on Saturday, authorities said. >> Read more trending newsAccording to the California Highway Patrol in Marin, the vehicle crashed in San Rafael, located north of San Francisco, KRON-TV reported. #LATEST a woman is dead after crashing her #Tesla into a residential swimming pool in Marin County Saturday morning, CHP said. The details: https://t.co/KJ3LAYBPbX — O. Gloria Okorie (@ogloriaokorie) January 22, 2023“I hear a loud boom and like water, “Kuffner told KTVU. “(He) was there trying to open the car and get the person out, but he couldn’t,” Kuffner told KTVU.wftv.com
Elon Musk takes witness stand to defend Tesla buyout tweets
A month later, Musk stepped down as Tesla's chairman while remaining CEO as part of the Securities and Exchange Commission settlement without acknowledging any wrongdoing. Musk has previously contended he entered into the SEC settlement under duress and maintained he believed he had locked up financial backing for a Tesla buyout during meetings with representatives from Saudi Arabia’s Public Investment Fund. The trial over his Tesla tweets come at a time when he has been focusing on Twitter, which he acquired in $44 billion in October after trying to back out of that purchase. Tesla’s stock has split twice since then, making the $420 buyout price cited in his 2018 tweet worth $28 on adjusted basis now. Musk dropped from the top spot on the wealth list after the stock market’s backlash to his handling of Twitter.wftv.com
Elon Musk rebuffed in bid to move Tesla tweet trial to Texas
A federal judge on Friday rejected Tesla CEO Elon Musk’s bid to move or delay a trial over a misleading tweet about a potential buyout of the electric automaker, setting the stage for the mercurial billionaire to be thrust into a legal drama amid the turmoil of his Twitter takeover.
Feds reviewing Musk tweet about disabling driver monitoring
A tweet from Elon Musk indicating that Tesla might allow some owners who are testing a “Full Self-Driving” system to disable an alert that reminds them to keep their hands on the steering wheel has drawn attention from U.S. safety regulators.
11 more crash deaths are linked to automated-tech vehicles
Eleven additional people were in crashes involving vehicles using automated driving systems during a four-month period earlier this year, according to newly released government data, part of an alarming pattern of incidents linked to the technology.
Elon Musk seeks US funding of Ukraine satellite network, official says
In a story published October 14, 2022, about a request from SpaceX and Tesla CEO Elon Musk that the Defense Department take over funding for his satellite network that has provided battlefield communications for Ukrainian military forces, The Associated Press erroneously identified Musk as the founder of the electric vehicle maker.
Musk to seek exemption from Iran sanctions for Web access
Elon Musk’s hopes to operate his satellite internet firm in Iran require permission from the Treasury Department, which said Tuesday it welcomes applications to support internet freedom in the country, which is largely isolated from western economies.
Judge: Musk can use Twitter whistleblower but not delay case
Elon Musk will be able to include new evidence from a Twitter whistleblower as he fights to get out of his $44 billion deal to buy the social media company, but Musk won’t be able to delay a high-stakes October trial over the dispute, a judge ruled Wednesday.