DETROIT — The U.S. government's auto safety agency is looking into allegations that all three of Tesla's electric vehicles can suddenly accelerate on their own. An unidentified person petitioned the National Highway Traffic Safety Administration asking for an investigation into the problem. An agency document outlining the allegations shows 127...
3 Crashes, 3 Deaths Raise Questions About Tesla's Autopilot
DETROIT — Three crashes involving Teslas that killed three people have increased scrutiny of the company’s Autopilot driving system just months before CEO Elon Musk has planned to put fully self-driving cars on the streets. On Sunday, a Tesla Model S sedan left a freeway in Gardena, California, at a...
Tesla 2019 Sales Hit Goals, Rise Over 50% From Previous Year
DETROIT — Tesla's global deliveries rose more than 50% last year, meaning the company surpassed the low end of its sales goals for 2019. The announcement Friday pushed Tesla's shares up more than 4% to a record high of $449.37. The stock hit a record last week in anticipation of...
Vegas Tourism Board Backs $49 Million Elon Musk Transit System
A company backed by tech billionaire Elon Musk has been granted a nearly $49 million contract to build a transit system using self-driving vehicles underneath the Las Vegas Convention Center. The board of directors of the Las Vegas Convention and Visitors Authority approved the contract Wednesday with The Boring Company,...
Tesla Walks Back Its Plan to Close Most Showrooms
DETROIT — Tesla is walking back plans to close most of its showrooms worldwide and announced price hikes for most of its electric vehicles. Tesla announced last month that it would shutter most of its stores to cut costs so it could sell its lower-priced Model 3 for $35,000. The...
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...
Tesla Burns $739.5 Million in Cash on Way to Record Loss
Electric car maker Tesla Inc. burned through $739.5 million in cash last quarter, paving the way to a company record $717.5 million net loss as it cranked out more electric cars. But CEO Elon Musk pledged to post net profits in future quarters, and on a conference call, he apologized...