U.S. District Judge Charles Breyer ruled that while plaintiffs claimed that Tesla fell short of Model 3 production goals, “federal securities laws do not punish companies for failing to achieve their targets.”
Toyota will invest $500 million in Uber to jointly work on developing self-driving cars, Reuters and Bloomberg reported, citing a source familiar with the matter.
Sarah O’Brien, Tesla’s vice president of communications, is leaving the company after nearly two years, the company confirmed Saturday.
Elon Musk’s decision to scrap a plan to take Tesla private, while ending speculation about how the billionaire would raise the billions needed, still leaves many questions about where he and the electric-car maker go from here.
From meetings with Saudis and SoftBank to Elon Musk’s tweets and blog posts, a look at key events in Musk’s desire to take Tesla private, which was abandoned late Friday.
Tesla’s Model 3 may have cut the initial cost of owning one of the company’s vehicles, but insuring even the most affordable Tesla remains surprisingly expensive.
Bugatti sold all 40 examples of the $5.8 million Divo as soon as it showed the limited edition supercar to a small group of wealthy customers.
Volkswagen CEO Herbert Diess was given a memorandum warning the company might face legal action in the U.S. over the use of illegal software to skirt emissions in cars just days before the scandal broke, a German broadcaster reported.
An automaker lagging behind in the electric race makes big claims about the future. And the concept is the first major machine drafted under the watch of design chief Karim Habib, whom Infiniti hired away from BMW last year.
Elon Musk has hired Morgan Stanley to assist in a potential bid to take Tesla private, Bloomberg reported, citing a person familiar with the matter.