Government, Business, Technology, Equipment

Tesla Owners Sue Company Over Monopolizing Parts and Repairs

Tesla was sued by customers who claim they’ve had to pay exorbitant prices and endure long waits for repairs due to Tesla’s monopolization of replacement parts and maintenance services.

Joel Rosenblatt | Bloomberg News
March 15, 2023
Government, Business

Tesla Investors Lost $12 Billion After Musk Tweet, Experts Tell Jury

Tesla Inc. investors lost $12 billion over 10 days as a result of Elon Musk’s famous tweet in 2018 that he had “funding secured” to take the company private, a witness testified at a trial over the CEO’s liability.

Joel Rosenblatt | Bloomberg News
February 1, 2023
Government, Business, Fuel

Musk’s Go-Private Tweets About Tesla Were Reckless, Judge Found

“No reasonable jury could find that Mr. Musk did not act recklessly.” That’s the upshot of a federal judge’s review of Tesla Inc. CEO Elon Musk’s 2018 tweets about taking the company private, as revealed in an order that was made public May 10.

Joel Rosenblatt | Bloomberg News
May 10, 2022
Government, Business

Appeals Court Orders Uber, Lyft to Treat Drivers as Employees

Uber Technologies Inc. and Lyft Inc. face the gravest threat yet to their business models after an appeals court ruled they must treat their drivers in California as employees instead of independent contractors.

Joel Rosenblatt | Bloomberg News
October 23, 2020
Business, Technology, Logistics

Uber, Lyft Win Delay on Converting Drivers to Employees

Uber and Lyft were spared from having to rapidly convert their California drivers to employees after an appeals court agreed they can keep their business models in place while challenging a judge’s order to comply with a state labor law.

Joel Rosenblatt | Bloomberg News
August 20, 2020
Government, Business, Technology, Autonomous

Anthony Levandowski Sentenced to 18 Months in Prison

Autonomous driving engineer Anthony Levandowski was ordered to spend 18 months in prison for stealing trade secrets from Google as he defected to Uber Technologies Inc., in one of the highest-profile criminal cases to hit Silicon Valley.

Joel Rosenblatt | Bloomberg News
August 4, 2020
Government, Business, Technology

Uber Takes Shot at Lyft in Defense to Gig-Worker Suit

Uber Technologies Inc. is trying to duck a California lawsuit that threatens to upend its business model — by pointing a finger at Lyft Inc.

Joel Rosenblatt | Bloomberg News
July 16, 2020
Business, Technology, Autonomous

Self-Driving Pioneer Anthony Levandowski Goes Bankrupt After $179 Million Ruling

Anthony Levandowski, one of Silicon Valley’s most highly prized engineers, filed for bankruptcy after Google won a $179 million award against him over his defection to Uber Technologies Inc.

Joel Rosenblatt | Bloomberg News
March 5, 2020
Government, Business, Technology

Ex-Uber Engineer Anthony Levandowski Publicly Rebuts Theft Claims

Former Uber Technologies Inc. engineer Anthony Levandowski broke his long silence about allegations that he stole driverless vehicle technology from Alphabet Inc.’s Waymo unit to say that he didn’t do it.

Joel Rosenblatt | Bloomberg News
September 25, 2019
Government, Business

Uber Braces for Fight Over Big Change to Gig-Economy Work Rules

Uber Technologies Inc. has generated billions of dollars from the labor of its drivers without the expense of treating them as employees. California is poised to disrupt that business model, and the ride-hailing behemoth is gearing up for a legal fight.

Joel Rosenblatt | Bloomberg News
September 11, 2019