Elon Musk News

Tesla Settles Wrongful Death Lawsuit Claiming Sudden Acceleration in Ohio Crash

Elon Musk’s electric vehicle company Tesla has agreed to settle a wrongful death lawsuit filed by the estate of a man who was killed in 2021 after his Tesla crashed and caught fire near Dayton, Ohio. Tesla and lawyers for …

Las Vegas Telsa Arson Suspect to Remain Jailed Until Trial

A man accused of setting fire to Tesla vehicles in Las Vegas will remain jailed until his trial on federal charges of arson and possessing an explosive device, a judge ruled Monday. U.S. Magistrate Judge Elayna Youchah concluded no pretrial …

Swedish Insurer Folksam Divests $160 Million Tesla Stake

Sweden’s largest insurer Folksam said on Wednesday it has sold its stake in electric car maker Tesla over concerns about the company’s stance on workers’ rights. Tesla, headed by billionaire Elon Musk, is facing a backlash from unions and some …

Musk Loses Bid to Thwart Investor Suit Over Twitter Purchase

Elon Musk failed to fend off an investor lawsuit claiming he manipulated the stock price of Twitter Inc. months before he bought the company in 2022 by concealing how much stock he’d acquired. A Manhattan federal judge on Friday said …

Nevada Man Charged in Connection with Violent Tesla Arson in Las Vegas

A Las Vegas resident appeared in U.S. District Court in Las Vegas, Nevada, to face federal charges related to an arson at a Tesla collision business. Paul Hyon Kim, 36, was charged by criminal complaint with one count of unlawful …

A Look at Some Numbers Behind Delaware’s Law for Corporations

Delaware is poised to give corporate officers more protections in its courts against shareholder lawsuits after criticism by billionaire Elon Musk and other influential business titans that rattled top public officials in what they call the corporate capital of the …

Texas County Approves Election for New City Starbase Near SpaceX Site

A Texas county on Wednesday approved holding an election sought by SpaceX that would let residents living around billionaire Elon Musk ‘s company decide whether to formally create a new city called Starbase. The election was set for May 3 …

Musk’s DOGE Effort Spurs Copycat Push in Texas With New Bills

Texas Lieutenant Governor Dan Patrick wants to follow in the footsteps of Elon Musk. The state’s powerful Republican announced on Wednesday that one of the 40 bills he was prioritizing this legislative session is called “Texas DOGE – Improving Government …

SEC Sues Elon Musk Over Late Disclosure of Twitter Stake

Elon Musk was sued on Tuesday by the U.S. Securities and Exchange Commission, which accused the world’s richest person of waiting too long to disclose in 2022 he had amassed a large stake in Twitter, the social media company he …

Mixed Bag: What Trump 2.0 Tariffs, DOGE Activities Mean For Insurers

Setting aside the populist flavor of his campaign rhetoric, Donald J. Trump’s previous service as the nation’s 45th president presents a remarkable opportunity to make educated guesses about the impact of his expected policies on the property/casualty insurance industry as …