December 29th, 2018
Tesla has reportedly named Oracle co-founder Larry Ellison who is a shareholder and close friend of Chief Executive Elon Musk, to its board to provide the independent oversight demanded by U.S. regulators.
The move is meant to usher Tesla past months of turbulence following Musk's Aug. 7 tweet that he was...
November 19th, 2018The EV major Tesla has begun to take orders for its Model 3 sedan in China for a deposit of CNY 8,000 ($1,153.60 or about Rs. 83,000). However, the company declined to comment on the development.
Chief Executive Officer Elon Musk stated, "Probably some deliveries in March, but April is more certain", after a Twitter user...
November 9th, 2018Soon after Elon Musk announced his retirement from the post of Tesla’s chairman, the company has stated that board member Robyn Denholm will replace Elon Musk as the chairman.
Musk, who has been on Tesla's board since 2014, tweeted in August he was considering taking the company private for $420 per share and had secured...
November 5th, 2018Tesla Motors' Chief Executive Officer (CEO), Elon Musk, has revealed the company's plans of expanding its overall market beyond North America, Europe, and China.
The owner of the largest EV company stated that he recently asked his service team to expand to all population regions (not just major metros) in North America, Eastern...
October 20th, 2018One of the largest EV companies Tesla is coming up with a new, cheaper mid-range battery version of the Model 3 that starts at $45,000 before federal tax incentives.
Tesla CEO Elon Musk made an announcement about the new variant through Twitter and also stated that it has an estimated battery range of 260 miles. The company’s...
October 18th, 2018Elon Musk, the CEO of the electric vehicle giant Tesla is the largest shareholder of the company and is again looking to buy another $20 million in common stock. As a part of the deal, Musk has agreed to pay a $20 million fine and step down as chairman of the board for at least three years.
He will still keep a board seat and has not...
October 1st, 2018In the charges against Tesla and Elon Musk, the entrepreneur has agreed to pay a total of $40 million and make a series of concessions to settle a government lawsuit.
This settlement is enabling Musk to remain CEO of the electric car company but requires him to discontinue his role as chairman for at least three years. However, he...
September 28th, 2018The US Securities and Exchange Commission has charged Tesla CEO Elon Musk with securities fraud accusing him of misleading investors in tweets about taking the company private last month.
It was in August that Musk tweeted about taking Tesla private. He also stated that he had raised funds for the same purpose. But, he never...
