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Musk jury should be warned ahead of his testimony, lawyers tell judge

The Tesla CEO is scheduled to testify as early as Friday at the trial in San Francisco. In a pretrial ruling the judge handling the case determined Musk’s tweets were false and reckless – and instructed jurors to “assume” the same......»»

Category: topSource:  autonewsJan 20th, 2023

Tesla Supercharger growth to slow, CEO Elon Musk says, after mass layoffs

"Tesla still plans to grow the Supercharger network, just at a slower pace for new locations," Musk said, following media reports that the automaker slashed its team dedicated to the charging network......»»

Category: topSource:  autonewsRelated NewsMay 1st, 2024

Elon Musk dismisses 2 Tesla senior executives, and their staffs, in fresh job cuts, report says

Rebecca Tinucci, senior director of the electric vehicle maker's Supercharger business, and Daniel Ho, head of the new vehicles program, are said to will leave the company immediately......»»

Category: topSource:  autonewsRelated NewsApr 30th, 2024

Elon Musk loses at Supreme Court in case over “funding secured” tweets

Musk can't kill SEC settlement that requires pre-approval of tweets about Tesla. Enlarge / Elon Musk speaks at the Satellite Conference and Exhibition on March 9, 2020 in Washington, DC. (credit: Getty Images | Win McNamee ).....»»

Category: topSource:  arstechnicaRelated NewsApr 29th, 2024

Elon Musk loses appeal bid for "funding secured" case at U.S. Supeme Court

The justices turned away Musk's appeal of a lower court's decision upholding the 2018 settlement reached after he said on social media that he had "funding secured" to take Tesla private......»»

Category: topSource:  autonewsRelated NewsApr 29th, 2024

Tesla clears key self-driving hurdles after Musk"s trip to China, report says

Tesla will partner with Baidu for mapping and navigation functions to deploy what it calls Full-Self Driving, according to people familiar with the matter......»»

Category: topSource:  autonewsRelated NewsApr 29th, 2024

Elon Musk lands in China as Tesla seeks self-driving tech rollout; GM"s Mary Barra visited Beijing Friday

Tesla's CEO has said Tesla may make Full Self-Driving technology available to customers in China "very soon." GM CEO Mary Barra was seen at the Beijing auto show on Friday, reports say......»»

Category: topSource:  autonewsRelated NewsApr 28th, 2024

5 defining moments from Tesla"s Q1 earnings

Industry analysts expected bad news from Tesla's first-quarter earnings report after weak sales. But CEO Elon Musk provided an upbeat narrative by announcing new affordable models for next year......»»

Category: topSource:  autonewsRelated NewsApr 26th, 2024

Tesla profits drop 55% as Elon Musk dodges cheap car questions

Tesla spent $1 billion on GPUs even as its profit margins shrank by half. Enlarge / Tesla shares rose by almost 11 percent in premarket trading despite the disastrous financial results. (credit: CFOTO/Future Publishing via Getty.....»»

Category: topSource:  arstechnicaRelated NewsApr 24th, 2024

Judge deals blow to Stellantis in supplier pricing dispute that threatens production

The order filed Tuesday means that the parent company of Jeep and Ram brands must continue paying its supplier under protest — or “hostage threat,” as the automaker’s lawyer put it last week......»»

Category: topSource:  autonewsRelated NewsApr 24th, 2024

Victims of China floods race to salvage property

Victims of severe floods in southern China raced on Wednesday to salvage property from the muddy waters as authorities warned of more heavy rains to come......»»

Category: topSource:  informationweekRelated NewsApr 24th, 2024

Tesla cuts marketing team a year after Elon Musk said it will try advertising

Tesla slashed a newly formed marketing team as part of companywide layoffs, reversing course from a traditional advertising push that CEO Elon Musk greenlighted less than a year ago......»»

Category: topSource:  autonewsRelated NewsApr 22nd, 2024

Tesla"s Elon Musk faces robotaxi skeptics, sales drop in Q1 earnings report; broad price cuts launched

CEO Elon Musk will face tough questions after a Q1 sales decline and reports Tesla stopped work on an affordable EV in favor of a dedicated robotaxi without human controls......»»

Category: topSource:  autonewsRelated NewsApr 22nd, 2024

Tesla"s Elon Musk faces robotaxi skeptics, sales drop in Q1 earnings report

CEO Elon Musk will face tough questions after a Q1 sales decline and reports Tesla stopped work on an affordable EV in favor of a dedicated robotaxi without human controls......»»

Category: topSource:  autonewsRelated NewsApr 22nd, 2024

Tesla spends weekend cutting prices of cars and Full Self-Driving software

The company led by Elon Musk slashed the price of the driver assistance software that it calls FSD, or Full Self-Driving, by a third to $8,000 in the U.S. It had been $12,000......»»

Category: topSource:  autonewsRelated NewsApr 21st, 2024

Tesla"s full self-driving feature may launch in China "very soon," Musk says

The EV maker rolled out FSD four years ago but has yet to make it available in China despite customers urging it to do so......»»

Category: topSource:  autonewsRelated NewsApr 21st, 2024

Crypto influencer guilty of $110M scheme that shut down Mango Markets

Fraudster charged with crypto market manipulation defended Mango Markets scheme. Enlarge (credit: apomares | E+) A jury has unanimously convicted Avi Eisenberg in the US Department of Justice's first case involving crypt.....»»

Category: topSource:  arstechnicaRelated NewsApr 19th, 2024

Elon Musk apologizes after Tesla layoffs for miscalculated severance

Tesla's CEO, who is facing lawsuits over severance from former Twitter employees, admitted that payouts to some workers being laid off were too low......»»

Category: topSource:  autonewsRelated NewsApr 19th, 2024

Elon Musk’s Grok keeps making up fake news based on X users’ jokes

X likely hopes to avoid liability with disclaimer that Grok "can make mistakes." Enlarge (credit: SOPA Images / Contributor | LightRocket) X's chatbot Grok is supposed to be an AI engine crunching the platform's posts to.....»»

Category: topSource:  arstechnicaRelated NewsApr 18th, 2024

Musk apologizes for "incorrectly low" Tesla severance packages

Tesla has announced it will slash its global headcount by more than 10 percent as the automaker struggles with slowing demand for electric vehicles......»»

Category: topSource:  autonewsRelated NewsApr 18th, 2024

Tesla asks shareholders to approve Texas move and restore Elon Musk’s $56B pay

Tesla board calls June 13 shareholder vote on Musk's pay and move to Texas. Enlarge / Tesla CEO Elon Musk at an opening event for Tesla's Gigafactory on March 22, 2022, in Gruenheide, southeast of Berlin. (credit: Getty Images |.....»»

Category: topSource:  arstechnicaRelated NewsApr 17th, 2024