DETROIT (AP) — U.S. securities regulators countered Tesla CEO Elon Musk's contempt-of-court defense Monday night, writing in court papers that he brazenly disregarded a federal judge's order and...
HAWTHORNE, Calif. (AP) — Tesla unveiled a new all-electric SUV on Thursday night that the automaker hopes will win over consumers looking for an all-electric alternative in the most popular...
LAS VEGAS (AP) — A company backed by tech billionaire Elon Musk moved a step closer Tuesday to building tunnels for an express transit system at a massive Las Vegas convention center despite some...
DETROIT (AP) — Tesla CEO Elon Musk should not be found in contempt of court because he has complied with the terms of a securities fraud settlement, his attorneys wrote in documents filed Monday...
Pentagon reviewing Elon Musk’s security clearance
WASHINGTON (AP) — An official says the Pentagon is reviewing the federal security clearance held by tech billionaire Elon Musk, the founder and chief executive officer of SpaceX.
LAS VEGAS (AP) — Entrepreneur Elon Musk's dream of an express tunnel transit system could finally become a reality in Las Vegas after major setbacks in other cities.
CAPE CANAVERAL, Fla. (AP) — A sleek new American-built capsule with just a test dummy aboard docked smoothly with the International Space Station on Sunday, bringing the U.S. a big step closer to...
Tesla CEO Elon Musk announced on Twitter that the company's next vehicle will be unveiled March 14.
The Model Y is an SUV and is expected to share many of the same underpinnings as its...
CAPE CANAVERAL, Fla. (AP) — America's newest capsule for astronauts rocketed Saturday toward the International Space Station on a high-stakes test flight by SpaceX.
DETROIT (AP) — When Gary Bornstein spent $52,000 for a Tesla Model 3 last summer, he did it without taking a test drive or even seeing the car that he now owns.
NEW YORK (AP) — Stocks that moved substantially or traded heavily on Friday:
Gap Inc., up $4.11 to $29.51
The retailer behind its namesake and Banana Republic brands will spin off Old...
SAN FRANCISCO (AP) — Tesla will only sell its electric cars online as it accelerates its cost cutting so it can realize its long-running goal of selling a mass-market sedan for $35,000.
Legal experts: Musk conduct unlikely to bring harsh penalty
DETROIT (AP) — For about four months, Elon Musk behaved, adhering to the terms of a court settlement that required his prolific posts on Twitter to be approved by a lawyer if there were a chance...
SEC wants Tesla CEO Elon Musk held in contempt for tweeting
SAN FRANCISCO (AP) — Tesla CEO Elon Musk's tweeting habits have triggered another legal challenge from stock market regulators worried about him using his Twitter account to mislead...
Stock market regulators ask federal court to hold Tesla CEO Elon Musk in contempt for violating settlement about tweets
SAN FRANCISCO (AP) — Stock market regulators ask federal court to hold Tesla CEO Elon Musk in contempt for violating settlement about tweets.
Russia teen refits car, gets shoutout from Elon Musk
MOSCOW (AP) — A Russian teenager has refitted his car to drive it backward, and got a shoutout from Tesla's CEO Elon Musk. But this didn't stop the police from stripping him of the car registration.
The 18-year-old was stopped earlier this week driving the battered Lada backward. The teenager showed in a video posted on social media that he had refitted the car, removing what was underneath the hood to where the trunk normally is, and reversed the driver's seat.
Tesla knocks $1,100 off price of the Model 3
DETROIT (AP) — Tesla is cutting $1,100 from the base price of its car designed for the mass market, the Model 3.
The electric car company now says on its website that the car starts at $42,900, still a ways from its goal of lowering the base price to $35,000.
Tesla cut 7 percent of its workforce last month to trim costs and reduce the price of the car. CEO Elon Musk says the Model 3 must be competitive with gasoline-fueled cars for the company to succeed.
- Connecticut PostElon Musk’s pipe dream still stuck in a vacuum: Getting ThereMarch 12, 2019
- Post-BulletinJohnny Depp accuses Amber Heard of infidelityMarch 4, 2019
- The Detroit NewsTesla lawyer exits as Musk misfires tweetFebruary 21, 2019
- The Detroit NewsTesla cuts Model 3 price for 2nd time this yearFebruary 6, 2019
- Valley Morning StarWinds blow over SpaceX rocket at Boca Chica BeachJanuary 24, 2019
Tesla posts small 4Q profit, expects to make money this year
DETROIT (AP) — Tesla managed to eke out a small fourth-quarter profit to close 2018, and it pledged to make money in all quarters this year. But staying in the black will be difficult with a major debt payment due and slowing demand for pricier versions of its electric vehicles.
On the road to make an affordable car, Tesla cuts jobs
Tesla will cut 7 percent of its workforce as it tries to lower prices and break out of the niche-car market to produce an electric vehicle that more people can afford.
Tesla's cheapest model right now is the $44,000 Model 3, and it needs to broaden its customer base to survive.
SpaceX to build Mars ships in Texas, not Los Angeles
HAWTHORNE, Calif. (AP) — SpaceX said Wednesday that it will build test versions of its Mars spaceship in south Texas instead of the Port of Los Angeles in another blow to the local economy that comes days after the company announced massive layoffs.
The decision was made to streamline operations, the Hawthorne, California-based company said in a statement.
SpaceX to lay off 10 percent of workforce to become leaner
HAWTHORNE, Calif. (AP) — SpaceX will lay off 10 percent of its roughly 6,000 workers, announcing Friday that it needs to become leaner to accomplish ambitious projects such as creating a spaceship that can carry astronauts to Mars.
"This action is taken only due to the extraordinarily difficult challenges ahead and would not otherwise be necessary," the company said in a statement.
Chinese premier meets with Tesla’s Musk as trade talks end
BEIJING (AP) — 8:00 p.m.
China's top economic official, Premier Li Keqiang, has met with the CEO of electric car brand Tesla Inc., Elon Musk.
Musk and other businessmen met with Li on Wednesday in Beijing at the Great Hall of the People.
Tesla broke ground this week in Shanghai on its first factory outside the United States. Musk says production of Tesla's Model 3 will start late this year.
Tesla breaks ground on factory in Shanghai
BEIJING (AP) — Tesla Inc. broke ground Monday for a factory in Shanghai, its first outside the United States.
CEO Elon Musk said Monday on Twitter that the company will start production in China of its Model 3 and a planned crossover by the end of the year.
Could Tesla price cuts mean demand is slowing?
DETROIT (AP) — Tesla made about 9,300 more vehicles than it delivered last year, raising concerns among industry analysts that inventory is growing as demand for the company's electric cars may be starting to wane.
Stocks that moved substantially or traded heavily Friday
NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday:
Tesla named two independent board members as part of a settlement with regulators who demanded oversight of CEO Elon Musk.
Sears faced an end-of-day deadline to avoid going out of business after 130 years.
Cabot Oil & Gas (COG)
Energy stocks fell after oil prices wavered in early trading.
Philip Morris (PM)
The Marlboro maker benefited from a positive report by Wall Street analysts.
Tesla names independent board members in SEC settlement
NEW YORK (AP) — Tesla named two independent board members Friday as part of a settlement with U.S. regulators who demanded more oversight of CEO Elon Musk.
Oracle co-founder Larry Ellison and Kathleen Wilson-Thompson, an executive vice president at Walgreens Boots Alliance, join the board as independent directors, effective immediately.
- Globe NewswireAdvanced Technologies and the Future of Transportation; A Road to InnovationFebruary 19, 2019
- ACCESSWIRERockwell Trading Offers Free Trading Bootcamp in Tampa: Gasparilla WeekendJanuary 24, 2019
- Globe NewswireATTENTION TESLA INVESTORS: Kaskela Law LLC Announces October 9, 2018 Deadline in Class Action Lawsuit and Encourages Investors with Financial Losses Exceeding $1 Million to Contact the Firm – TSLAOctober 8, 2018
- Globe NewswireIMPORTANT SHAREHOLDER ALERT: Labaton Sucharow, Counsel to Citron’s Andrew Left, Announces SEC Tesla Update -- TSLAOctober 8, 2018
Elon Musk asks judge to toss diver’s lawsuit in Thai dustup
LOS ANGELES (AP) — Elon Musk is asking a California judge to throw out a lawsuit filed against him by a British diver the tech entrepreneur called a pedophile on Twitter, arguing that it was nothing more than a "schoolyard spat on social media" that no reasonable reader took seriously.
Musk's motion to dismiss, filed in court on Wednesday, argues that "the public knew from the outset that Musk's insults were not intended to be statements of fact."
Flint students getting laptops thanks to Musk Foundation
FLINT, Mich. (AP) — A donation from tech billionaire Elon Musk will provide laptop computers to middle school students in Flint, Michigan, as the city recovers from a contaminated water crisis.
The Elon Musk Foundation is giving about $424,000 for the project helping seventh and eighth grade students. The announcement was made Wednesday at a Flint school board meeting.
Elon Musk’s new tunnel ‘a little rough around the edges’
LOS ANGELES (AP) — Elon Musk unveiled his underground transportation tunnel on Tuesday, allowing reporters and invited guests to take some of the first rides in the revolutionary albeit bumpy subterranean tube — the tech entrepreneur's answer to what he calls "soul-destroying traffic."
AP Top Stories December 19 A
Elon Musk unveils L.A. underground tunnel plan
The Latest: Elon Musk allows rides on underground tunnel
LOS ANGELES (AP) — The Latest on Elon Musk's underground tunnel (all times local):
Elon Musk has unveiled his underground transportation tunnel, allowing invited guests to take some of the first rides ever on the tech entrepreneur's solution to "soul-destroying traffic."
Guests boarded Musk's Tesla Model S and were driven on Los Angeles-area surface streets about a mile away to what's known as O'Leary Station on Tuesday.
Elon Musk unveils Los Angeles tunnel for commuters
First private Israeli lunar mission will launch in February
YEHUD, Israel (AP) — An Israeli nonprofit on Monday said it has pushed back the launch of what it hopes will be the first private spacecraft to land on the moon until February.
Tesla tour offers glimpses of noise, vibration, innovation
RENO, Nev. (AP) — The noise and vibration at Tesla's northern Nevada Gigafactory is a constant reminder of what company CEO Elon Musk refers to as "the machine that builds the machine."
Operating 24 hours per day, more than 7,000 workers produce enough battery packs and drive units in a week to power 5,300 Tesla Model 3 sedans.
Musk suggests Tesla’s new chairwoman won’t rein him in
NEW YORK (AP) — Tesla CEO Elon Musk dismissed the idea that the company's new chairwoman can exert control over his behavior.
Robyn Denholm, an Australian telecommunications executive, was appointed chairwoman of Tesla's board last month, replacing Musk of as part of a securities fraud settlement with U.S. government regulators.
But Musk said "it's not realistic" to expect Denholm to watch over his actions because he remains the electric car company's largest shareholder.
7,000 working at Tesla gigafactory east of Reno
CARSON CITY, Nev. (AP) — Tesla's battery factory in northern Nevada has created more than 7,000 jobs — 40 percent more than promised — and an additional 8,200 jobs in other local businesses since it opened east of Reno in 2014.
The Governor's Office of Economic Development said in a report Wednesday 7,059 employees were working in the Tesla/Panasonic gigafactory as of June 30 with average hourly wages of $25.78.
Christmas turkey, fruitcake rocketing toward space station
CAPE CANAVERAL, Fla. (AP) — Christmas turkey rocketed toward the International Space Station on Wednesday, along with cranberry sauce, candied yams and the obligatory fruitcake.
The SpaceX booster missed its landing zone on the ground after liftoff, however, and ended up in the sea just a couple of miles offshore.
Reused rocket takes off carrying 64 satellites
VANDENBERG AIR FORCE BASE, Calif. (AP) — A SpaceX rocket carrying 64 small satellites lifted off from California on Monday, marking the first time the same Falcon 9 rocket has been used in three space missions.
The rocket blasted off from Vandenberg Air Force Base, arcing over the Pacific Ocean west of Los Angeles as it headed toward space.
The Latest: SpaceX lands rocket’s first stage on ship
VANDENBERG AIR FORCE BASE, Calif. (AP) — The Latest on a SpaceX rocket launch from California (all times local):
For the third time, SpaceX has successfully launched and landed the same first stage of a Falcon 9 rocket.
The spacecraft carrying dozens of small satellites lifted off Monday from Vandenberg Air Force Base in California.
Minutes later, the first stage landed on an unmanned ship in the Pacific.
New Tesla chairwoman’s biggest challenge is controlling Musk
DETROIT (AP) — Australian telecommunications executive Robyn Denholm brings much-needed financial and auto industry expertise to her new role as Tesla's board chairwoman, but her biggest challenge is whether she can rein in a CEO with a proclivity for misbehavior.
Denholm, who has been a Tesla board member for nearly five years, was named to the post late Wednesday, replacing Elon Musk as part of a securities fraud settlement with U.S. government regulators.
Musk tweets new video of LA-area transportation test tunnel
HAWTHORNE, Calif. (AP) — Elon Musk has tweeted a new video of a tunnel constructed under a Los Angeles suburb to test a new type of transportation system.
Musk tweeted Saturday that he walked the length of the tunnel and commented that it is "disturbingly long."
The tunnel runs about 2 miles (3.2 kilometers) under the streets of Hawthorne, where Musk's SpaceX headquarters is located.
Tesla’s Musk buys about $10M in company stock
Tesla CEO Elon Musk has added nearly $10 million worth of company stock to his portfolio.
Musk's trust bought nearly 30,000 shares on the open market Monday. The purchases were disclosed in a filing Tuesday with the U.S. Securities and Exchange Commission.
The filing says Musk will buy another $20 million worth of stock in a transaction with the automaker that should close by next week.
Tesla delivers on Elon Musk’s 3Q profit pledge
SAN FRANCISCO (AP) — Tesla Motors delivered on CEO Elon Musk's promise to make money during its latest quarter after fulfilling his pledge to boost production of its first electric car designed for the mass market.
The Latest: Tesla delivers on Elon Musk’s profit pledge
NEW YORK (AP) — The Latest on Tesla's quarterly results (all times local):
Tesla Motors delivered on CEO Elon Musk's promise to make money during its latest quarter after fulfilling his pledge to boost production of its first electric car designed for the mass market.
Dyson to build electric car in Singapore, aiming at China
LONDON (AP) — Dyson, the British company best known for vacuum cleaners and prized hair dryers, said Tuesday it will build its new electric car in Singapore as it joins the increasingly crowded race to create the next generation of clean vehicles.
The bespoke manufacturing facility is due for completion in 2020 and is part of a 2.5 billion pound ($3.2 billion) investment in new technology globally.
Elon Musk says his transit test tunnel close to completion
HAWTHORNE, Calif. (AP) — Elon Musk says he's planning to offer the public free rides through a tunnel he bored under a Los Angeles suburb to test a new type of transportation system.
In a series of tweets Sunday, Musk said the tunnel is almost complete and there will be an opening event on the night of Dec. 10 and free rides for the public the next day.
The tunnel runs about 2 miles (3.2 kilometers) under the streets of Hawthorne, where Musk's SpaceX headquarters is located.