President Trump has backed Tesla Chief Executive Elon Musk’s decision to resume production of cars at its California plant, siding with the electric-vehicle maker over the local government in a high-profile standoff as parts of the state consider...
The CEO of the electric car maker said on Twitter that the company would resume production at its lone U.S. assembly plant, a site outside San Francisco that local authorities that have ordered to remain closed.
The Tesla CEO is worth $39 billion on paper, but the electric-car maker, who recently announced he’s selling his houses and most of his worldly possessions, needs a wad of money to exercise his latest payout.
Tim HigginsA look inside the personal finances of Elon Musk, who sometimes appears a cash-poor billionaire, and his plans to sell off houses and most possessions.
Shares of the electric car maker were down more than 9% Friday after Chief Executive Elon Musk tweeted he felt Tesla’s share price was ‘too high.’ Asked later if tweet was vetted or made in jest, the CEO said: ‘No.’
The Silicon Valley electric-car maker, which operates its own stores and service centers, told its landlords it would like to discuss options “so we can continue to partner and work together to ensure a continued and mutually beneficial...
The sheriff’s office in the county home of Tesla’s California car factory said the auto maker must halt production, putting a brake on CEO Elon Musk’s plans to work despite statewide efforts to mitigate the coronavirus pandemic.
Investors increasingly see the future of the car as electric—even if most car buyers haven’t yet. And lately, those investors are placing bets on Tesla to usher in that future versus auto makers with deeper pockets and generations of experience.
Elon Musk embraced unorthodox design choices with Tesla’s all-electric pickup to wow truck buyers and help differentiate it. But the features he is promising could dent the commercial prospects of the vehicle Mr. Musk has dubbed Cybertruck.