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“Lithium has always been his Achilles heel, and now he knows the scope of the problem.”
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The Chapter 313 program was designed to draw business to the state, but critics say it lacks accountability and unduly burdens taxpayers. Tesla and other companies hope to take advantage of the tax incentive ahead of the program’s expiration at the end of the year.
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Elon Musk said the factory is operating at a huge loss after Shanghai, home to one of Tesla's largest battery producers, instituted a near-total lockdown in the spring.
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Thousands are expected to attend the official open of the $1 billion factory for electric vehicles in Del Valle.
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A driver was behind the wheel when a Tesla electric car crashed and burned last April near Houston, killing two men, neither of whom was found in the driver’s seat.
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CEO Elon Musk made the announcement that the electric car company will relocate from California during a shareholders meeting Thursday in Southeastern Travis County.
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The cops were struck when a Tesla Model X traveling 70 mph rammed their SUVs. They say the company has “irresponsibly” promoted its “autopilot” function as more advanced than it is.
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Tesla said Tuesday it is looking to raise up to $5 billion in capital through a stock offering. The announcement came on the same day CEO Elon Musk said he has moved his home to Texas from California.
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Tesla’s new $1 billion electric vehicle factory will be built just east of Austin, the company’s CEO Elon Musk announced Wednesday.
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Three crashes involving Teslas that killed three people have increased scrutiny of the company’s Autopilot driving system just months before CEO Elon Musk…
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The Tesla CEO reached a deal with the Securities and Exchange Commission to resolve a securities fraud case. As part of the deal, Tesla and Musk agreed to pay $40 million in penalties.
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"Musk's false and misleading public statements and omissions caused significant confusion and disruption in the market for Tesla's stock and resulting harm to investors," the lawsuit says.