Tesla shareholders call on judge to make Musk repay $13bn for SolarCity deal January 18, 2022 Tesla shareholders have called on a judge to make Tesla’s chief executive Elon Musk repay $13bn for the 2016 acquisition of solar panel company SolarCity. The claimants argued that Musk, SolarCity’s 22 per cent shareholder, strong-armed Tesla’s board to buy the cash-stripped company founded by his cousins Peter and Lyndon Rive, Reuters reported. As a [...]
Tesla registers record sales of China-made vehicles January 11, 2022 Tesla sold a record 70,847 China-made vehicles in December, the highest number since the US company started manufacturing in Shanghai in 2019. According to data from the China Passenger Car Association, the manufacturer’s sales tripled compared with the previous year, also going up 34 per cent on November levels. The latest production influx pushed the [...]
Tesla calls back nearly half a million cars over safety problems December 30, 2021 Tesla has recalled more than 475,000 of its Model 3 and Model S electric cars to address rearview camera and boot issues that increase the risk of crashing, the US road safety regulator said.
US car regulators open investigation in 580,000 Teslas over game feature December 22, 2021 US regulator the National Highway Traffic Safety Administration (NHTSA) has launched an investigation into 580,000 Tesla vehicles over a game feature. The NHTSA has said that Tesla 3,S,X,Y models have a “passenger play” feature that “may distract the driver and increase the risk of a crash,” Reuters reported. While the agency’s investigations will cover models [...]
Elon Musk not planning to sell any more shares as Tesla founder hits out at California’s high tax regime December 22, 2021 Tesla’s boss and serial entrepreneur Elon Musk is not planning to sell any more of his Tesla shares, following yesterday’s offloading of 583,611 stock. “I sold enough stock to get to around 10 per cent plus the option exercise stuff and I tried to be extremely literal here,” he said in an interview with satirical [...]
Is the party over for Tesla shares after their recent losses? December 17, 2021 | City Talk While the Tesla share price remains in the stratosphere, there are several concerns looming on the horizon. The Tesla (NASDAQ: TSLA) share price has been volatile over the past few weeks. On 4 November, the electric vehicle (EV) stock hit a high of $1,230, before falling to $1,013 by 15 November. Then it rose to $1,157 a [...]
Musk close to 10 per cent target after offloading 934,000 shares December 17, 2021 Tesla’s chief executive and serial entrepreneur Elon Musk has sold almost $14bn worth of shares, getting closer to selling 10 per cent of his total Tesla holdings. According to SEC filings, the chief executive yesterday offloaded 934,091 stocks for $884.1m. Musk’s latest selling round was made to pay for taxes on the exercise of stock [...]
Musk offloads another $1.05bn crossing the halfway mark November 24, 2021 Tesla’s chief executive Elon Musk has sold another 934,091 shares for $1.05bn, crossing the halfway point in his plan to offload 10 per cent of his stake in the company US securities filings from late last night showed that Musk carried out the sale after exercising options to buy 2.15 million shares. Since 6 November [...]
Tesla accused of ignoring female employee’s complaints of ‘nightmarish’ harassment November 19, 2021 Tesla has been accused of subjecting female employees to “nightmarish” sexual harassment at its main factory, in a fresh lawsuit. Jessica Barraza, 38, said she was forced to put up with “near daily” catcalls and inappropriate touching during her three-year stint at the car-maker’s California factory. The production associate said male employees would make inappropriate [...]
Tesla shares go up following Musk’s latest offloading November 17, 2021 Tesla shares have gone up to $1,063.51 at market opening time after Elon Musk sold a further $973m worth of stocks to pay taxes. According to SEC filings, Musk bought 2.1 million shares worth $2.2bn at yesterday’s closing price of $1,054.73, offloading around 934,000 of his holdings on the same day. Since abiding by a [...]