Tesla

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Elon Musk Is Now the $300B Man
Elon Musk
Is Now the
$300B Man
Nov 8, 2024 1:18 PM CST

Elon Musk Is Now the $300B Man

Tesla stocks soar in the wake of Donald Trump's win, sending the company's valuation to over $1T

(Newser) - Meet the $300 billion man . That would be Elon Musk, according to Forbes , which reports that Tesla racked up big bucks from Donald Trump's election win, with the company's market value surpassing $1 trillion on Friday for the first time since April 2022, per YCharts . The 53-year-old billionaire...

Trump Media, Tesla, Bitcoin Are Surging
Stock Market Surges
Amid Trump Win
Nov 6, 2024 6:05 AM CST

Stock Market Surges Amid Trump Win

His promise of low corporate tax rates boosts investor confidence

(Newser) - The dollar spiked, bitcoin hit a record high, and US stock futures soared early Wednesday at the prospect of another Donald Trump presidency and a possible red sweep of Congress. Futures on the Dow Jones Industrial Average soared 1,254 points, or about 2.9%. The last time the Dow...

Elon Musk Just Got Sued Over His Robotaxi Rollout

Producer of Blade Runner 2049 says Tesla used AI imagery similar to the film

(Newser) - The production company behind Blade Runner 2049 has sued Elon Musk over the recent rollout of Tesla's new self-driving Robotaxi . Alcon Entertainment says it rejected a request from Musk to use imagery from the 2017 movie at the vehicle's launch party, reports the New York Times . "He...

After Fatal Crash, Feds Are Investigating Tesla's 'Full Self-Driving'

Arizona pedestrian was killed in low-visibility conditions

(Newser) - The US government's road safety agency is again investigating Tesla's "Full Self-Driving" system, this time after getting reports of crashes in low-visibility conditions, including one that killed a pedestrian. The National Highway Traffic Safety Administration says in documents that it opened the probe on Thursday, with the...

I, Robot Director: 'Hey Elon, Can I Have My Designs Back Please'

Filmmakers slam 'utter lack of creativity'

(Newser) - Elon Musk unveiled the Robotaxi, the Robovan, and humanoid robots at the "We, Robot" showcase last week —and it wasn't just the name that seemed very familiar to I, Robot director Alex Proyas. In a post on X , Proyas shared an image of vehicles and robots from...

Tesla's Latest: 'Fall Asleep and Wake Up at Your Destination'

So says Elon Musk as 'robotaxi' is unveiled in Hollywood

(Newser) - It doesn't have a steering wheel or pedals, but Elon Musk has "staked Tesla's future" on his company's new Cybercab, unveiled Thursday evening at a Warner Bros. studio in Hollywood. The company's CEO vowed that the self-driving two-seater "robotaxi," which the New York ...

It's the 5th Cybertruck Recall in 11 Months

More than 27K vehicles affected by rearview camera delay

(Newser) - Tesla is recalling more than 27,000 Cybertrucks because the rearview camera image may not activate immediately after shifting into reverse, the fifth recall for the vehicle since it went on sale late last year, per the AP . Tesla has released a free software upgrade to address the issue and...

Thieves Take a Pass on EVs
Thieves Take a Pass on EVs
Sep 28, 2024 10:00 AM CDT

Thieves Take a Pass on EVs

Of 6 least-stolen types of vehicles cited in new stats, 4 are electric

(Newser) - If you own a Tesla, you might be concerned about the car's battery catching on fire , your hood popping open , or the self-driving mode going awry —but you likely don't have to worry about it getting stolen. More than 1 million vehicles were swiped in the US...

In Germany, Tesla Bosses Visit Homes of Workers Out Sick

Factory director says company wants to appeal to their work ethic

(Newser) - Germany's most powerful union is clashing with Tesla over the automaker's decision to send bosses to check up on workers who reported being sick. In recent weeks, managers have visited the homes of around two dozen workers on sick leave from Tesla's gigafactory around 10 miles east...

After Tesla Semi Crash, It Took 50K Gallons of Water to Douse the Flames

NTSB is out with a preliminary report on August incident

(Newser) - California firefighters had to douse a flaming battery in a Tesla Semi with about 50,000 gallons of water to extinguish flames after a crash, the National Transportation Safety Board said Thursday. In addition to the huge amount of water, firefighters used an aircraft to drop fire retardant on the...

Tesla Won't Punish You for Selling Your Cybertruck Anymore

Sales agreement no longer contains no-resale language

(Newser) - Cybertruck owners appear to now be free to sell their vehicle without any nasty consequences from Tesla. That wasn't always the case. Jalopnik reports the company's sales agreement had featured a no-resale clause that prevented buyers from selling their Foundation Series Cybertrucks within a year of receiving them....

Tesla Quietly Changes Cybertruck Prices

The cheapest model now goes for $100K

(Newser) - Tesla has limited Cybertruck shoppers' options and is no longer taking orders for the 2025 rear-wheel model that goes for the relative bargain price of $61,000. That leaves consumers with a choice between the all-wheel drive Cybertruck for $99,990 or the Cyberbeast for $119,990, reports Business Insider...

NHTSA Seeks Info on Fatal, Fiery Cybertruck Crash

Victim couldn't immediately be identified due to burns

(Newser) - Federal safety authorities say they are seeking information on a crash and fire involving a Tesla Cybertruck that killed a driver of the futuristic new pickup in Texas, per the AP . The National Highway Traffic Safety Administration said Wednesday it is gathering information from Tesla. The agency did not send...

Tesla Was in 'Full Self-Driving Mode' During Deadly Crash

Driver could face vehicular homicide charge

(Newser) - Authorities in Washington state have determined that a Tesla that hit and killed a motorcyclist near Seattle in April was operating on the company's "Full Self-Driving" system at the time of the crash. Investigators from the Washington State Patrol made the discovery after downloading information from the event-data...

It's Another Big Recall for Tesla
Tesla Recalls 1.8M Vehicles
Jul 30, 2024 7:39 AM CDT

Tesla Recalls 1.8M Vehicles

This time it's over failure to detect an unlatched hood

(Newser) - Tesla is again recalling more than 1.8 million vehicles in the US, this time due to a risk of crash created by an unlatched hood. There's a risk software will fail to detect an unlatched hood, which could open and obstruct a driver's view, raising the risk...

Edmunds' Cybertruck Test Ran Into a Problem Quickly
Edmunds' Cybertruck Test
Ran Into a Problem Quickly
IN CASE YOU MISSED IT
Jul 28, 2024 7:03 AM CDT

Edmunds' Cybertruck Test Ran Into a Problem Quickly

Warnings include a 'critical steering issue'

(Newser) - The Edmunds team was taking its Tesla Cybertruck around its track, checking the vehicle's instruments, when the vehicle announced it had sustained a "critical steering issue." The testing crew reported that the power faded, the air conditioner quit blowing cold, and an error message popped up reading,...

Tesla Workers Have Walked Off With 65K Coffee Mugs

Employees at German factory might each have a set by now

(Newser) - There's a big problem at Tesla's factory in Germany: vanishing coffee mugs. Some 65,000 have disappeared since production began two years ago at the Gigafactory Berlin-Brandenburg, Tesla's first European factory, per Quartz . Plant manager Andre Thierig raised the issue during a recent staff meeting. "I'...

Car Prices May Drop for First Time in a Decade

But average is still about $45K, and high interest rates are taking a toll

(Newser) - Car prices have been rising year after year for more than a decade, but the Wall Street Journal reports the streak might finally end in 2024. The average out-the-door price paid for a new car was a shade under $45,000 in June, down 3% when compared to last year,...

Big Jump for Tesla Lifts Wall Street to New Records

S&P 500, Nasdaq hit record highs

(Newser) - A zoom higher for Tesla helped drive Wall Street to more records on Tuesday.
  • The S&P 500 rose 33.92 points, or 0.6% to 5,509.01 to top its all-time high set two weeks ago.
  • The Dow Jones Industrial Average gained 162.33, or 0.4%, to
...

Musk Factor May Be Taking a Toll on Tesla Sales

EV maker delivered fewer vehicles for the second straight quarter, compared to last year

(Newser) - Tesla released second-quarter figures on Tuesday, and while they show an improvement from the first three months of the year, they also suggest longer-term struggles for Elon Musk's company.
  • Deliveries: Tesla reported 443,956 vehicle "deliveries" in the quarter, the closest approximation to "sales" the company provides,
...

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