Two tweets in 2018 led to a class-action lawsuit alleging Musk misled investors, pulling him into court for about a half hour to deliver sworn testimony in front of a nine-person jury.
In 2018, Musk tweeted he had secured enough funding to take Tesla private, but a deal never materialized. A trial over the risk he brought to shareholders could further tarnish the CEO's reputation.
The transformational automaker's market cap has dropped by a staggering amount over the past year. Blame new competition, sales that fell short of a lofty target — and a distracted CEO.
The manufacturing plant is in the east German state of Brandenburg, one of the most water-scarce regions of the country. Residents fear an expansion would lead to a water shortage.
The automatic window reversal system may not react correctly after detecting an obstruction, a violation of federal safety standards. An online software update will fix the problem, Tesla says.
Tesla aggressively embraced Bitcoin in 2021, investing $1.5 billion in the currency. But it now says its profitability was affected by "Bitcoin impairment."
In a lawsuit, Twitter has asked the Delaware Court of Chancery to order the Tesla CEO to follow through with a $44 billion takeover bid for the social media company.
Tesla, JPMorgan, Netflix, Redfin and Coinbase are among companies that are cutting jobs. While layoffs are contained to the hottest parts of the economy, there's fear they could spread elsewhere.
There were five deaths and six serious injuries in the 392 crashes reported to the National Highway Traffic Safety Administration from July 2021 to May 2022. Two-thirds of the crashes involved Teslas.
The world's richest man, who has run afoul of regulators before, is in their sights again as he tries to buy Twitter. It's raising questions about the SEC's ability to police the rich and powerful.
Musk says he will review and directly approve any requests for employees who wish to be exempt from the company's return-to-work policy, according to leaked emails reported by Electrek.
