Tesla CEO Elon Musk threatened to pull the company’s factory and headquarters out of California in an escalating spat with local officials who have stopped the company from reopening its electric vehicle factory.
Environmental activists are up against Tesla and the law as they try and stop the march of capitalism on their environment.
Musk has transformed Tesla from a niche car maker with production problems into the global leader in electric vehicles, with US and Chinese factories
"Joker" narrowly bested "Maleficent: Mistress of Evil" to regain the No 1 spot at the weekend box office in its fourth week of release.
Tesla CEO Elon Musk responded saying that its Model 3 “was engineered to be the safest car ever built” among the vehicles ever tested by the National Highway Traffic Safety Administration.
Tesla cuts prices by knocking $2,000 off each of its model 3. The company said the cuts will help the customers to deal with the loss of a $7,500 federal tax credit.
Tesla CEO Musk uses his Twitter account to jab the Securities and Exchange Commission, the same agency that went after him for an August 7 tweet in which he declared he had secured financing for a Tesla buyout.
Elon Musk and Tesla have agreed to pay a total of $40 million for duping investors with misleading statements about a proposed buyout of the company. He will also resign as the chairman of the Tesla board.
Elon Musk claims that going private would be "the best path forward" with such a move allowing Tesla to "operate at its best, free from as much distraction and short-term thinking as possible."
In its fifteen-year existence the company headed up by Elon Musk has not made a profit, and it's burning through cash at an unprecedented rate.
Tesla tore through $745.3 million in cash in the first quarter, putting pressure on the company to borrow more or sell additional shares to raise more cash.
Elon Musk's Tesla gets into the truck business, while Firefox plans to shake Chrome's dominance with Quantum. The honourable mention goes to Boston Dynamics' jumpy robot, Atlas.
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