Tesla picks Texas site for second US vehicle assembly plant

Austin (AP), July 23 – Electric car maker Tesla Inc. has picked the Austin, Texas, area as the site for its largest auto assembly plant employing at least 5,000 workers. The new factory will build Tesla’s upcoming Cybertruck pickup and will be a second U.S. manufacturing site for the Model Y small SUV, largely for […]

Tesla’s spent a year terrifying, electrifying Wall Street

DETROIT (AP) — Tesla’s losses were mounting last summer, massive debt payments were looming, and both Wall Street and federal regulators had run out of patience with the erratic behavior of CEO Elon Musk. One year ago this week, shares plunged 14% after Tesla posted another quarterly loss, this one for $408 million, wiping out […]

Tesla CEO Musk restarts California factory amid lockdown

FREMONT, Calif. (AP) — Tesla CEO Elon Musk confirmed Monday that the company has restarted its California factory, a move that defied local government orders involving measures to contain the coronavirus. In a tweet, Musk practically dared authorities to arrest him, writing that he would be on the assembly line and if anyone is taken […]

Tesla’s stock soars after company posts surprising 3Q profit

SAN FRANCISCO (AP) — Tesla posted a surprising profit of $143 million in its latest quarter, raising hopes the electric car pioneer may finally be turning the corner after posting mostly losses during its first decade as a publicly held company. The positive results announced Wednesday came after Tesla lost $1.1 billion during the first […]

Tesla CEO plans to hand the car keys to robots next year

SAN FRANCISCO (AP) — Tesla CEO Elon Musk expects to start converting the company’s electric cars into fully self-driving vehicles next year as part of an audacious plan to create a network of robotic taxis to compete against Uber and other ride-hailing services. The vision sketched out Monday during an event at Tesla’s Silicon Valley […]

Tesla CEO Musk gets reprieve in contempt-of-court hearing

NEW YORK (AP) — A judge on Thursday urged stock market regulators and Tesla CEO Elon Musk to amicably settle their dispute over his tweets. If not, she said she’ll decide whether to grant regulators’ request that the outspoken executive face escalating fines if he breaks rules protecting investors. U.S. District Judge Alison J. Nathan […]

New Tesla chair must rein in CEO Musk at key moment

WASHINGTON (AP) — It won’t be an easy job.Whoever becomes the new chairman of Tesla Motors will face the formidable task of reining in Elon Musk, the charismatic, visionary chief executive with an impulsive streak, while also helping Musk achieve his dream of turning Tesla into a profitable, mass-market producer of environmentally-friendly electric cars. Musk […]