As California rapidly boosts sales of electric cars and trucks over the next decade, the answer to a critical question remains uncertain: Will there be enough electricity to power them? State officials claim that the 12.5 million electric vehicles expected on California’s roads in 2035 will not strain the grid. But...
Elon Musk Trial Begins, Shifts From Twitter to Tweets About Tesla
SAN FRANCISCO — While still grappling with the fallout from buying Twitter, billionaire Elon Musk is now facing a trial over tweets he made about Tesla. Long before Musk purchased Twitter for $44 billion in October, he had set his sights on Tesla, the electric automaker where he continues to serve as...
Man Among Four Rescued After Tesla Plunged off CA Cliff Arrested for Attempted Murder
The driver of a car that plunged off a cliff in Northern California, seriously wounding two children and a second adult after the 250-foot drop, was arrested on suspicion of attempted murder and child abuse, the California Highway Patrol said Tuesday. Dharmesh A. Patel of Pasadena will be booked into...
Rocky Ride: Tesla Stock on Pace for Worst Year Ever
Owning Tesla stock this year has been anything but a smooth ride for investors. Shares in the electric vehicle maker are down nearly 70% since the start of the year, on pace to finish in the bottom five biggest decliners among S&P 500 stocks. By comparison, the benchmark index is...
Tesla Offers Rare Year-End Discounts on 2 Top-Selling Models
Tesla Inc. is offering rare discounts through year's end on its two top-selling models, an indication that demand is slowing for its electric vehicles. The Austin, Texas, company started offering a $3,750 incentive on its Model 3 sedan and Model Y SUV on its website earlier this month, but on...
Consumer Reports Tricks Tesla to Drive with No One at Wheel
SILVER SPRING, Md. — Consumer Reports said Thursday it was able to easily trick a Tesla into driving in the car's Autopilot mode with no one at the wheel. Its test came just days after a Tesla crashed in Texas, killing the two men in the car. Authorities say neither...
Planning to Buy a Tesla? Musk Says He’ll Soon Take Bitcoin in Payment
SILVER SPRING, Md. — Tesla has invested around $1.5 billion in Bitcoin and said it plans to begin accepting the digital currency as payment for its high-end vehicles soon. The price of Bitcoin soared 15% to above $43,000 Monday. The California-based electric car maker headed by Elon Musk revealed the...
Tesla Fights Pandemic, Rides Sales Jump to 1st Annual Profit
Riding a sales surge amid a global pandemic, Tesla Inc. on Wednesday reported that it posted its first annual net profit in 2020. In a year that saw its stock soar to make it the world’s most valuable automaker, Tesla earned $721 million, capped by a $270 million profit in...
Tesla CEO Elon Musk Has Told Friends and Associates He Plans To Move To Texas
[aggregation-styles] CNBC Tesla CEO Elon Musk put his California houses on the market this year while he was sparring with state lawmakers over Covid-19 restrictions. He’s simultaneously been expanding operations in Texas and cozying up to Republican Gov. Greg Abbott. Now, several of his close friends and associates say that...
Tesla Sales Surge as Global Demand Picks Up Speed
Tesla's third-quarter sales jumped 44% as global demand for its electric vehicles outpaced that of most other automakers. The company reported Friday that it had delivered 139,000 SUVs and sedans from July through September, compared with 97,000 deliveries during the same period a year ago. The sales topped even some...