Tesla News Updates

GovernmentBusinessTechnologySafetyAutonomous

Tesla Driver Tells Police He Was Using ‘Self-Drive’ in Crash

DETROIT — A Tesla apparently operating on one of the company’s automated driving systems crashed into a parked police vehicle June 13 near Los Angeles.

June 14, 2024
GovernmentBusinessTechnology

Elon Musk Wins Back His $44.9 Billion Tesla Pay Package

DETROIT — Tesla shareholders voted to restore CEO Elon Musk’s record $44.9 billion pay package that was thrown out by a Delaware judge earlier this year.

June 14, 2024
GovernmentBusinessTechnologyAutonomous

Judge Rules Tesla Must Face Autopilot False Ad Claims

Tesla failed to persuade an administrative judge to dismiss claims by a California regulator that the company overstated its vehicles’ self-driving capabilities.

June 10, 2024
BusinessTechnology

Some Long-Range EVs Now Cost Less Than Average New Car in US

The automotive industry has produced the first long-range EVs that are cheaper to buy than the average gas-powered car.

June 7, 2024
GovernmentBusinessTechnology

EV Taxi Startup Revel to Lay Off Drivers for Gig Model

Revel Transit, the New York-based electric vehicle ride-hailing startup, plans to lay off its driver employees and operate a gig-work model more akin to rivals Uber and Lyft.

June 6, 2024
GovernmentBusinessTechnologyEquipmentTCA

EV Maker Lucid Chops Hundreds of Jobs Amid Red Ink

NEWARK, Calif. — Lucid Group has revealed its plans to slash hundreds of jobs, part of a reorganization that the maker of electric vehicles hopes will help position it for “future success.â€

May 31, 2024
BusinessEquipmentFuel

Sources: Hertz Is Exploring Options for Raising Financing

Hertz Global Holdings is exploring options to raise financing weeks after the company’s new CEO pledged to get it back on track following a failed bet on electric vehicles, according to people with knowledge of the matter.

May 30, 2024
BusinessTechnologySafetyFuelAutonomous

Tesla Settles Fatal Crash Suit Ahead of California Trial

Tesla reached a deal to resolve a lawsuit over the death of a Model S passenger in a 2016 crash, marking the second time in two months it has avoided a jury trial in California over a fatal wreck.

May 28, 2024
BusinessTechnologyAutonomous

Tesla Posts Jobs for AI, Autopilot After Weeks of Staff Cuts

Tesla Inc. posted more than a dozen Autopilot and artificial intelligence positions, its first sign of workforce growth after weeks of rolling layoffs.

May 23, 2024
BusinessTechnology

Tesla Signals Pullback on Goal of 20 Million Cars by 2030

Tesla omitted a previously stated goal to eventually sell 20 million vehicles a year from one of its yearly reports, adding to signs Elon Musk is prioritizing autonomy over its car business.

May 23, 2024