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Musk's Tweet Gets Tesla an SEC Subpoena, Sources Say

Sources tell Fox, New York Times the SEC has opened a formal investigation

(Newser) - There were rumblings that the SEC wanted to talk to Elon Musk about his tweet saying he was considering taking Tesla private and had "funding secured." Now, sources tell Fox Business Network , the San Francisco office of the SEC has indeed subpoenaed Tesla and the investigation is a... More »

So What's Going On With Tesla, Elon Musk?

The SEC wants to know, and rapper Azealia Banks has some theories

(Newser) - It sure has been an interesting week for Tesla CEO Elon Musk, and things might get worse before they get better. The controversy began last Tuesday when Musk startled his own company board by announcing that he might take Tesla private and, in fact, had "funding secured." Now... More »

Silicon Valley Swap: Apple Gets Back Top Engineer From Tesla

Doug Field rumored to be working on Project Titan autonomous-car initiative

(Newser) - One Silicon Valley wheel just circled back to its starting point. A top Apple engineer who left in 2013 to join Tesla as its chief vehicle engineer is back with his former employer. The Verge reports that Doug Field, who'd been the VP of Mac hardware for the Cupertino... More »

Elon Musk's Tesla Tweet May Have Been Illegal

Sources say SEC is investigating claim that funding secured for Tesla move

(Newser) - Elon Musk's tweet about potentially taking Tesla private was definitely unorthodox—and it may also have been illegal, according to analysts and regulators. Sources tell the Wall Street Journal that the Securities and Exchange Commission wants to know more about Musk's tweet, specifically the part about funding being... More »

Tesla Board's Statement Leaves Unanswered Questions

Board acknowledged discussions about taking the company private began last week

(Newser) - Elon Musk wasn't blowing smoke . The BBC reports on a three-sentence statement issued by six of Tesla's nine board members saying the board had "met several times over the last week" to discuss Musk's proposal to take the company private, which he announced via an unexpected... More »

Tesla Stock Halted After Elon Musk's 9-Word Tweet

Tweet to his account says he's thinking of taking the company private

(Newser) - A nine-word tweet posted to Elon Musk's account on Tuesday caused an afternoon ruckus in regard to Tesla stock. "Am considering taking Tesla private at $420. Funding secured," the CEO tweeted. CNBC reports Fox Business reporter Liz Claman asked Musk about the share price and got a... More »

Tesla's Alleged Saboteur Says Batteries Were Glued

Martin Tripp denies writing hacking software in countersuit

(Newser) - The technician accused of stealing data from Tesla's battery factory in Nevada is countersuing his former employer and CEO Elon Musk for defamation. "Tesla has made several false and defamatory statements about [Martin] Tripp in an effort to discredit him," a lawyer says. The Guardian specifically mentions... More »

Tesla Sells Out of Its $1,500 Surfboards

The company's unusual offering can fit into its electric cars

(Newser) - Tesla offered an unusual item over the weekend on its website: a surfboard. Branded just like the cars in sleek black and red with the electric car company's unmistakable logo, the $1,500 item was available Saturday until all 200 limited edition boards flew off the virtual shelves and... More »

New Tesla Trouble: a Leaked Memo

Cash-strapped company is asking parts suppliers for money back

(Newser) - Tesla's stock was dropping Monday, but this time it had nothing to do with a controversial tweet from CEO Elon Musk. Instead, the Wall Street Journal got its hands on a memo that suggests the company's cash troubles remain significant. In the memo, sent by an unnamed global... More »

Elon Musk Sorry for 'Pedo' Insult

'My words were spoken in anger'

(Newser) - Elon Musk has apparently decided to cut his losses and withdraw from the Thailand cave dispute with whatever dignity he has left. In a tweet , the Tesla CEO apologized for describing British cave diver Vern Unsworth, who played a key role in rescuing 12 trapped boys and their coach, as... More »

Tesla Goes to Extremes to Meet Production Goal

Company using fewer welds, replacing more robots with humans

(Newser) - "I think we just became a real car company." So reads a celebratory email from Tesla CEO Elon Musk to employees after the company met a long-elusive production target of making 5,000 Model 3 sedans in a week, reports CNBC . In a regulatory filing, Tesla says it... More »

Elon Musk Is Arguing About an Image of a Farting Unicorn

Artist says Tesla never paid him for using his creation

(Newser) - Elon Musk has switched his attention from rooting out saboteurs to arguing on Twitter about the rights to an image of a farting unicorn. The saga began in February last year, when the Tesla CEO tweeted an image of one of Colorado potter Tom Edwards' mugs, featuring a unicorn farting... More »

Tesla Sues Ex-Employee Who Allegedly Stole Gigs of Data

Martin Tripp is accused of stealing gigabytes of data and allegedly lying to the media

(Newser) - Tesla has filed a lawsuit against a former employee whom the company has accused of stealing "gigabytes" of confidential data and allegedly hacking into the computers of its Nevada battery factory. According to Bloomberg , the suit identifies Martin Tripp of Sparks as the employee, who reportedly admitted to investigators... More »

Elon Musk: Rogue Employee Wrought 'Extensive Sabotage'

He says Tesla workers should be extremely vigilant

(Newser) - Never a dull moment for Elon Musk: The Tesla CEO warned all employees Monday that a saboteur inside the company had caused "quite extensive and damaging sabotage to our operations," reports Reuters . "This included making direct code changes to the Tesla Manufacturing Operating System under false usernames... More »

Actress Posts Video of Hubby's Tesla on Fire 'Out of the Blue'

Mary McCormack says fire was not caused by accident

(Newser) - The latest unfortunate headline for Tesla comes courtesy of actress Mary McCormack, who on Friday tweeted a video of a Model S with flames shooting from it. "This is what happened to my husband and his car today. No accident,out of the blue, in traffic on Santa Monica... More »

Tesla Slashes Thousands of Jobs

Round of layoffs is biggest in company history

(Newser) - Tesla has never made an annual profit but it's getting serious about trying, Elon Musk said in a letter to employees announcing the biggest round of layoffs in the company's history. Musk told employees that the company's rapid growth had led to "duplication of roles and... More »

Consumer Reports Changes Its Tune on Tesla Model 3

But wind noise, a stiff ride, and the touch-screen controls are still a problem

(Newser) - A wireless update of antilock braking software improved the stopping distance of Tesla's electric Model 3, prompting Consumer Reports to reverse course and give the car its "Recommended Buy" rating, the AP reports. The magazine said Wednesday that the update cut 19 feet off the car's stopping... More »

Tesla in Autopilot Mode Crashes Into Police Car

It was 2nd autopilot crash in same spot

(Newser) - A Tesla in autopilot mode created yet more unfortunate headlines for the company when it slammed into a police cruiser in Laguna Beach, Calif., on Tuesday. Police say the patrol vehicle was totaled but it was thankfully unoccupied at the time of the crash, KTLA reports. A Tesla in semi-autonomous... More »

It's a Day of Unfortunate Headlines for Tesla

Consumer Reports isn't recommending Model 3, and more

(Newser) - Long emergency stopping distances, difficult-to-use controls, and a harsh ride stopped Tesla's Model 3 electric car from getting a recommended buy rating from Consumer Reports, the AP reports. While the magazine said the car has exhilarating acceleration and handling, testers found " big flaws " including its 152-foot average... More »

Elon Musk: Report on Tesla Safeguards 'Ridiculous'

Sources tell 'WSJ' Musk, other execs rejected safeguards due to cost, ineffectiveness

(Newser) - Despite recently suggesting driver complacency is to blame for serious crashes involving Tesla's Autopilot feature, Elon Musk has long rejected additional safeguards that could help keep drivers' eyes on the road, the Wall Street Journal reports. Discussed before and after Tesla's Autopilot vehicles hit the market—particularly after... More »

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