Elon Musk News

JPMorgan Sues Tesla For $162M After Musk Tweets Soured Warrant Deal

NEW YORK–JPMorgan Chase & Co has sued Tesla Inc for $162.2 million, accusing Elon Musk’s electric car company of “flagrantly” breaching a contract the two corporate giants agreed in 2014 relating to warrants Tesla sold to the bank. Warrants give …

Tesla Autopilot Scrutiny Grows as U.S. Asks If Recall Is Planned

The U.S. National Highway Transportation Safety Administration stepped up its scrutiny of Tesla Inc.’s Autopilot, grilling the company over whether it should have issued a safety recall and questioning its rollout of new software customers are testing on city streets. …

Tesla Phases Out Radar Sensors, Shifts to Camera-Based Autopilot

Tesla Inc. updated its website Tuesday to announce that Model 3 and Model Y cars built for North America and shipping this month will no longer be equipped with radar. On Tesla’s earnings call last month, Chief Executive Officer Elon …

Tesla Crash Victim Lauded ‘Full Self-Driving’ in Videos on Tiktok

BERKELEY — A Tesla car driver killed in a recent accident in California praised the automaker’s “full self-driving” features, and posted videos on his apparent Tiktok account, in which he appeared to drive with his hands off the wheel. On …

California Places Tesla’s ‘Full Self-Driving’ Under Review

LOS ANGELES (AP) — California’s Department of Motor Vehicles is reviewing whether Tesla is violating a state regulation by advertising its vehicles as being fully autonomous without meeting the legal definition of self-driving. The department confirmed the review Monday in …

Automated Steering ‘Not Available’ on Texas Road Where Tesla Crashed – NTSB

U.S. safety officials investigating the cause of a Tesla Model S crash that killed two men in Texas last month said on Monday that testing suggested the vehicle’s automated steering system was “not available” on the road where the accident …

Tesla Tells Regulator That Full Self-Driving Cars May Not Be Achieved by Year-End

BERKELEY, CALIFORNIA — Tesla Inc told a California regulator that it may not achieve full self-driving technology by the end of this year, a memo by the California Department of Motor Vehicles (DMV) showed. Tesla CEO Elon Musk said during …

Tesla Told to Provide Documents Involving Musk Compensation

DOVER, Del. (AP) — A Delaware judge on Monday ordered lawyers representing Tesla Inc. directors to turn over certain communications that CEO Elon Musk may have shared with the company’s top in-house attorneys before the board approved a compensation plan …

Berkshire Defends $8B Texas Power Proposal to Combat Blackouts

Berkshire Hathaway Inc on Saturday defended its $8 billion proposal to build natural gas plants in Texas to help reduce the threat of devastating blackouts such as those in February. “When you look at the power sector (in Texas), it …

Texas Police to Demand Tesla Crash Data as Musk Denies Autopilot Use

WASHINGTON — Texas police will serve search warrants on Tesla Inc on Tuesday to secure data from a vehicle that crashed on the weekend, killing two people, a senior officer told Reuters on Monday. Mark Herman, Harris County Constable Precinct …