Tesla shares rise as SEC settlement gets nod of approval from US judge October 16, 2018 A settlement deal between Tesla, its chief executive Elon Musk and the US Securities and Exchange Commission (SEC) was today given the all-clear by a US judge. Musk had agreed to pay a fine of $20m (£15.1m) and step down from his role as Tesla chairman for three years, while Tesla also paid out a similar fine. The [...]
Musk denies rumours of James Murdoch as lead candidate for Tesla chairman October 11, 2018 Tesla billionaire Elon Musk has denied reports that 21st Century Fox chief and Tesla board member James Murdoch is the lead candidate to replace him as chairman of the electric carmaker. In response to a report by the Financial Times late last night that Murdoch was the favourite to take the top spot, Musk tweeted at [...]
Tesla shares fall after Musk trolls US securities watchdog October 5, 2018 Tesla billionaire Elon Musk appeared to mock the US Securities and Exchange Commission (SEC) on Twitter late last night, less than four hours after a federal judge demanded an explanation of the settlement deal reached between the two sides. "Just want to [sic] that the Shortseller Enrichment Commission is doing incredible work," wrote Musk, who has frequently [...]
Tesla to defend lawsuit alleging foreign workers were threatened with deportation October 3, 2018 A case filed against Tesla in California which alleges the firm knew foreign employees were threatened with deportation has been given the green light to go to trial. US federal judge Lucy Koh ruled Tesla must defend itself against two of seven claims, in which the plaintiffs argue foreign workers at its Fremont, California plant [...]
Tesla raises fears over China tariffs despite beating Model 3 delivery targets October 2, 2018 Production of Tesla cars reached a record high in the last quarter, but the firm remained hesitant of future success in China as a result of 40 per cent tariffs imposed on automotive imports from the US. The electric vehiclemaker said it produced over 80,000 cars in the third quarter, while deliveries to customers reached [...]
Tesla chief Elon Musk faces ban from running a public firm in SEC fraud charges September 27, 2018 Tesla chief Elon Musk faces being barred from running a public company after the US Securities and Exchange Commission (SEC) filed legal action, accusing him of alleged securities fraud over his public statements about taking the firm private. Tesla shares dropped more than 13 per cent in after-hours trade as news of the suit broke, [...]
Tesla driving towards mass market for 2017 as Elon Musk announces Model 3 September 4, 2015 Tesla boss Elon Musk announced on Twitter that the company’s third car offering would be the mass-marketable Model 3, which he hoped would go into production in 2017. He tweeted on Wednesday night: “Model 3, our smaller and lower cost sedan will start production in about 2 years. Fully operational Gigafactory needed.” And, in a [...]
Tesla shares fall after the company lowers its delivery guidance August 5, 2015 Tesla shares fell four per cent in after hours trading after the company put the breaks on 2015 deliveries. The figures Tesla reported a second quarter earning per share loss of $0.48 on $1.2bn (£0.77bn) in adjusted revenue, 40 per cent up from a year ago. This was, however, better than the expected $0.59 loss [...]
Tesla Motor’s share price down as analysts expect growth will “disappoint” July 21, 2015 Tesla shares were down after a UBS analyst downgraded it to “sell”, expecting disappointing growth from the company’s electric car and home battery segments. Shares slid 4.7 per cent for Tesla, the electric car manufacturer that has attracted a cult following, and were down to $269.10. UBS analyst Colin Langan wrote in a statement to [...]
Tesla beats expectations as Elon Musk reveals 38,000 pre-orders for Powerwall home battery May 6, 2015 The figures Tesla increased production and sales of its electric cars in the first three months of 2015 as Elon Musk's company reported first-quarter earnings expectations that beat analysts' expectations. First quarter losses narrowed to $45m, or 36 cents per share, compared to a $50m loss in the same period last year and above analysts' [...]