Tesla News

Judge Allows Tesla Investor’s Claim Over Musk’s ‘Extraordinary’ $56B Performance Pact

A Delaware state judge has rejected a request by the board of Tesla Inc. to dismiss a stockholder complaint over an “excessive” 2018 performance award to CEO Elon Musk. In the spring of 2018, shareholders of the electric car-maker approved …

Police Looking into if Tesla Was Self-Driving During California Crash

A woman was arrested after running a red light in a rented Tesla in San Francisco and causing a crash that killed a tourist and left his wife critically injured, authorities said. Officers were investigating whether the Tesla, which was …

Tesla’s Autopilot System Confuses Drivers About Extent of Automation: Safety Report

Automakers including Tesla Inc. are stoking confusion among motorists by choosing names for their automated-driving systems that wrongly suggest they’re more capable than is actually the case, according to the Insurance Institute for Highway Safety. Almost half of respondents to …

Markel Subsidiary State National to Provide Fronting for Tesla’s New Insurance Venture

Elon Musk’s Tesla plans to launch its own insurance product for Tesla drivers, which will be fronted by Markel Corp.’s subsidiary, State National. Markel’s Co-Chief Executive Officer Richard R. Whitt confirmed the partnership during the company’s first quarter earnings call …

Tesla’s Debt Insurance Cost Rises After SEC Action Against CEO Musk

The cost to insure debt holdings in electric carmaker Tesla Inc. rose to its highest-ever level on Friday as the bond market reflected growing worries about a default, following the news that Chief Executive Elon Musk had been accused of …

Settlement with Tesla’s Musk Reflects SEC Strategy of Targeting Individual Executives

A high-profile settlement with Tesla Inc. Chief Executive Elon Musk exemplifies a recent push by the U.S. Securities and Exchange Commission to go after executives and not just their companies, securities law experts said. In the last week, the SEC …

Tesla Driver in California Blames Autopilot for Firetruck Crash, Arrested for DUI

Authorities say a Tesla driver, who said he thought his car was in Autopilot mode, crashed into the back of a firetruck in San Jose. The California Highway Patrol says the Tesla rear-ended a fire engine that was stopped with …

Tesla CEO Musk Just Made It Easier for Shareholders to Sue: Viewpoint

On Monday morning, six days after Tesla CEO Elon Musk tweeted that he was thinking about taking the company private at $420 a share, with “funding secured” for the transaction, Tesla published a blog post in which Musk clarified his …

Man Dies After Tesla Crashes into Pond in California

Authorities in California’s San Francisco Bay Area are investigating the death of a man after a Tesla car he was driving veered off a road, crashed through a fence and into a pond. KTVU-TV reports that rescuers pulled the submerged …

Utah Tesla Driver Had Hands off Wheel Before Crash, Data Shows

A Utah driver turned on the semi-autonomous functions of her Tesla vehicle and then didn’t touch the steering wheel again for 80 seconds before slamming into a firetruck stopped at a red light last week, a summary of data from …