The U.S. has opened a formal investigation into the potential for Tesla drivers to play video games on a center touch screen while the vehicle is in motion. In a document posted Wednesday on its website, the agency says the feature, called “Passenger Play,” may distract the driver and increase the risk of a crash. […]
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Dogecoin shares soared to over 18 percent on Tuesday following Tesla Inc. chief, Elon Musk’s announcement of the company’s altered tactic of accepting cryptocurrency payments for merchandise. The announcement revealed on Twitter sent Dogecoin shares to heighten in valuation when most cryptocurrencies seem to be dropping in value. “Tesla will make some merch buyable with […]
In a surprising announcement, Tesla CEO Elon Musk is “thinking of” leaving his jobs and becoming an influencer. “Thinking of quitting my jobs & becoming an influencer full-time wdyt,” Musk said in the tweet last Thursday. “It would be nice to have a bit more free time on my hands as opposed to just working […]
Weeks after Tesla CEO Elon Musk sold 900,000 shares of stock, earning over $1.1 billion, JPMorgan has sued the electric automaker, alleging that it owes the bank $162 million in connection with a 2014 stock custody agreement. The dispute focuses on adjustments the companies made to the agreement in response to Musk’s 2018 “[f]und secured” […]
After conducting a poll on Twitter last Saturday asking users whether he should sell 10 percent of his stocks, Elon Musk sold on Wednesday 900,000 shares of Tela’s stock, earning over $1.1 billion. This move was done to pay tax obligations for stock options. The company that is managing his businesses sold earlier in the […]
Tesla CEO and wealthiest person in the world Elon Musk tweeted out a poll Saturday, asking his Twitter followers whether he should sell 10 percent of his stock in the automaker, in order to pay more tax. When the poll closed Sunday afternoon, 57.9 percent of more than 3.5 million participants had voted “yes,” and […]
Nofar Energy expands further its collaboration with Tesla: the company reported today it had entered a second framework agreement with Tesla on purchasing battery stored power systems with a total capacity of 200 megawatts for $54 million. Under the agreement, Nofar will pay 5% of the consideration on the contract signing date and the balance […]
Elon Musk announced on Monday that Tesla has not signed a contract with Hertz, despite the rental car firm’s disclosure a week ago of a significant deal with the electric car manufacturer. Tesla shares jumped by 12.6 percent following the announcement of a massive order from Hertz of almost 100,000 vehicles on October 25, granting […]
Tesla has issued a recall that automatically sent a software update fixing a safety problem in its electric vehicles, apparently heading off a looming confrontation with U.S. safety regulators. But recall documents posted on the National Highway Traffic Safety Administration website Tuesday don’t address another safety issue specified by the agency when it demanded that […]
Tesla has finally released through the weekend its beta version 9 update of its full self-driving system, after four years of delay, the automaker’s CEO Elon Musk said in a tweet. Musk had stated earlier in 2018 that version 9 is coming soon, then again in 2019. However, earlier this month, the CEO again swore […]