TESLA

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.

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.

An Elon Musk tweet declaring he had the financing to take Tesla private in 2018 caused billions of dollars in investor damages after the deal collapsed.

The San Mateo County district attorney told reporters it was a "miracle" the family of four survived the 250-foot plunge in Northern California.

Human rights activist Siddharth Kara shares the connection between cobalt, lithium-ion batteries, major companies like Apple, Tesla and Microsoft and human rights abuses.

Two of the three counts have enhancements for domestic violence, court documents show.

A man was arrested after being suspected of being the driver of a Tesla seen in viral attacks on LA-area motorists' vehicles. The man was charged with assault with a deadly weapon.

With margin concerns out there due to price cuts, we'll be looking for messaging on Ford's next steps to deal with the problem.

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.

Dharmesh Patel, the California man accused of driving his wife and two children off a cliff on Jan. 2, has been transported from the hospital to a San Mateo County jail.

The Tesla driver could be brought into court to face charges of attempted murder and child abuse as soon as Monday afternoon, local news reported.

These are the stocks posting the biggest moves during midday trading.

The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.

Ford said Monday it will lower the price of the Mach-E, which is comparable to Tesla's Model Y, by an average of about $4,500, depending on the model.

These are the stocks posting the largest moves in the premarket.

Crew members from the Sacramento Metropolitan Fire District responded to a Tesla that was "engulfed in flames" due to a battery fire, officials said in a tweet.

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.

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.

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.

For dealers, EVs will mean new employee training, infrastructure and substantial investments to be able to service, sell and charge the vehicles.

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.

Tesla shares rose 33% to close their best week since May 2013, boosted by positive economic data and an earnings beat.

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.

Audi's new concept vehicle is an all-electric luxury SUV that uses augmented reality glasses and can double as a small pickup truck.

Low number of jobless claims, sign of a still-strong labor market. Fourth-quarter economic growth was 2.9% versus 2.8% expected.

Tesla shares moved sharply upward after CEO Elon Musk noted that the electric car manufacturer could produce 2 million cars in 2023.

Tesla has a number of challengers in China, including a slew of start-ups such as Nio, Xpeng and Li Auto. Tesla's biggest rival in China right now is BYD.

These are the stocks posting the largest moves in premarket trading.

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.

The company has seen its share value drop sharply, and rivals are edging into the electric vehicle market. But after doubling its profits in a year, Tesla says it has no plans to slow down.

Automaker recently cut prices on popular models, leading to speculation that its sales are slowing.

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.

“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?"

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.

Tesla has posted record net income for the fourth quarter of last year, and the company predicted that additional software-related profits will keep its margins higher than any other automaker.

Tesla says it intends to invest $3.6 billion to expand manufacturing capabilities in Nevada and is confident growing software-related profits will keep margins higher than any other automaker.

Tesla is contending with recent price cuts and deliveries that missed expectations.

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.

Auto manufacturers are applying more computer and software-based features to their vehicles.

Tesla's price cuts make the vehicles more affordable and likely eligible for federal EV tax credits but tank the resale values of cars for current owners.

Tesla said in a statement that its expanding facilities in Nevada will include a 100 GWh battery cell factory and high-volume factory to manufacture the Semi.

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)

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.

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.

Elon Musk has concluded his testimony in a federal trial over a class-action lawsuit that alleges he misled Tesla shareholders with a tweet about an aborted buyout.

Tesla CEO Elon Musk took the witness stand on Monday to defend himself against allegations that he committed securities fraud and cost shareholders money.

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.

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.

Musk, the Tesla and Twitter CEO, has already said not everyone believes his tweets — which are not comprehensive.

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.

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.

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.

Two tweets in 2018 led to a class-action lawsuit alleging Musk misled investors, pulling him into court for about a half hour to deliver sworn testimony in front of a nine-person jury.

Tesla CEO Elon Musk was in court on Friday defending past tweets about a deal that never materialized to take the company private.

Musk faces a shareholder lawsuit over tweets that claimed he had "funding secured" for a deal that never happened.

Musk took the stand Friday in U.S. District Court in San Francisco amid a federal shareholder lawsuit over his tweets saying he planned to take Tesla private.

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.

Elon Musk has taken the witness stand to defend a 2018 tweet claiming he had lined up the financing to take Tesla private in a deal that never came close to happening.

Tencent, known as one of the world's largest gaming and social media firms, invested in Tesla in 2017, taking a 5% stake for around $1.78 billion.

Elon Musk was alternately depicted in a San Francisco courtroom as a liar who callously jeopardized the savings of “regular people” or a well-intentioned visionary.

The World Economic Forum says billionaire Elon Musk wasn’t on the guest list for the annual meeting of business executives, global leaders and cultural trend-setters in Davos, Switzerland — despite what the Twitter owner claims.

A nine-person jury has been seated to hear a trial that will determine whether Tesla CEO Elon Musk cheated investors by asserting in 2018 tweets that he had lined up financing to take the electric automaker private.

Long before beleaguered billionaire Elon Musk purchased Twitter in October, he had set his sights on Tesla, the electric automaker where he serves as CEO and from which he derives most of his wealth and fame.

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.

Lawyers for Tesla shareholders suing the electric vehicle maker’s CEO Elon Musk over a misleading tweet are urging a federal judge to reject the billionaire’s request to move an upcoming trial to Texas from California.

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.

Elon Musk doesn't think he can get a fair trial in San Francisco.

Mercedes-Benz will build its own worldwide electric vehicle charging network starting in North America in a bid to compete with EV sales leader Tesla.

Authorities say the driver of a car that plunged off a cliff in Northern California with two children and another adult inside has been arrested on suspicion of attempted murder and child abuse.

Shares have fallen in Asia after benchmarks skidded more than 1% on Wall Street.

Owning Tesla stock this year has been anything but a smooth ride for investors.

Shares have fallen in Asia after a retreat on Wall Street driven by fears that strong economic data will lead the Federal Reserve to double down on its interest rate hikes to tame inflation.

The U.S. government’s highway safety agency says it's sending teams to investigate November crashes in California and Ohio involving Teslas that may have been operating on automated driving systems.

Elon Musk is defending his massive cost-cutting at Twitter as necessary for the social media platform to survive next year, in part due to debt payments tied to his $44 billion takeover of the company.

Millions of Twitter users asked Elon Musk to step down as head of Twitter in a poll the billionaire created and promised to abide by.

Elon Musk sold another $3.58 billion worth of Tesla stock this week, but it wasn’t clear where the proceeds were being spent.

A government report says fuel economy for 2021 model year vehicles in the U.S. stayed flat with 2020 as people continued to buy less-efficient trucks and SUVs.

Tesla has launched sales in Thailand, offering its popular Model 3 and Model Y at prices aimed at competing with rivals like China's BYD.

Tesla has delivered its first electric semis to PepsiCo more than three years after Elon Musk said the company would start making the trucks.

New electric vehicle models from multiple automakers are starting to chip away at Tesla’s dominance of the U.S. EV market, according to national vehicle registration data.

Tesla is recalling more than 300,000 vehicles in the U.S. because a software glitch can make taillights go off intermittently, increasing the risk of a collision.

General Motors expects its portfolio of electric vehicles to turn a profit in North America by 2025.

Tesla CEO Elon Musk is defending himself in a shareholder lawsuit challenging a compensation package he was awarded by the company’s board of directors that is potentially worth more than $55 billion.

The head of Tesla’s board of directors says her focus in helping develop a huge compensation package for CEO Elon Musk in 2018 was the results he could bring, not how many hours he devoted to the job.

Gas-electric hybrids were the most dependable vehicles sold in the U.S. in the past year, while big pickup trucks and fully electric automobiles performed the worst in Consumer Reports’ annual reliability survey.

It’s not easy being Elon Musk.

A new fully electric vehicle startup in Italy is challenging U.S. and Chinese rivals with “Made in Italy" design.

The 2022 Rivian R1T was the first all-electric pickup on the market, but the Ford F-150 Lightning wasn’t far behind.

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.

Billionaire Elon Musk suggested in a Saturday tweet that his rocket company SpaceX may continue to fund its satellite-based Starlink internet service in Ukraine.

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.

Elon Musk’s monthslong tussle with Twitter took another twist this week after the Tesla billionaire seemed to return to where he started in April — offering to buy the company for $44 billion.

Tesla CEO Elon Musk has gotten into a Twitter tussle with Ukrainian President Volodymyr Zelenskyy after the tech billionaire floated a divisive proposal to end Russia’s invasion.

Twitter wants a Delaware court to order Elon Musk to buy the social media service for $44 billion, as he promised back in April.

A lawyer for Tesla CEO Elon Musk says in court documents that U.S. Securities regulators are unlawfully muzzling his client.

Tesla CEO Elon Musk got a reprieve from answering questions from Twitter lawyers Monday, according to several press reports citing anonymous sources.

Tesla is recalling nearly 1.1 million vehicles in the U.S. because the windows can pinch a person’s fingers when being rolled up.

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.

Federal investigators say a 20-year-old Tesla driver who died with a passenger in a fiery, high-speed crash on a South Florida street last year might have been upset after learning he had lost a scholarship.

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.