Government, Business, Technology

Tesla CEO Musk Tells Newspaper He’s Cracking Under Stress

Elon Musk Tesla CEO Elon Musk. (Jack Plunkett/AP)

What do you do when your CEO confesses that he’s cracking under the stress of his job? That’s the question that the nine board members of electric car and solar panel maker Tesla Inc. must answer after Elon Musk, the company’s impulsive leader, admitted to The New York Times that work is rattling his nerves in what he described as the most “difficult and painful year of my career.”

Tom Krisher | Associated Press
August 17, 2018
Business, Technology

Tesla CEO Elon Musk Says ‘Funding Secured’ Tweet Followed Meeting With Saudis

Tesla closeup AP

Tesla’s Elon Musk said in a blog post he reported the funding was secured for a go-private transaction after meeting with the Saudi Arabian sovereign wealth fund July 31, after the Saudi fund bought almost 5% of Tesla stock.

Polina Noskova | Bloomberg News
August 13, 2018
Business, Technology, Autonomous

Former Chief Tesla Vehicle Engineer Doug Field Returns to Apple

Doug Field Tony Gutierrez/AP Images

Apple Inc. said it rehired Doug Field after the executive spent about five years at Tesla Inc. in charge of vehicle engineering.

Mark Gurman and Dana Hull | Bloomberg News
August 10, 2018
Business, Technology, Autonomous

Elon Musk Considers Taking Tesla Private

Tesla private Susana Gonzalez/Bloomberg News

Elon Musk said he’s considering taking Tesla Inc. private in a radical step that would ease pressure on the money-losing automaker.

August 8, 2018
Business, Technology, Fuel

Tesla Burns $739.5 Million in Cash on Way to Record 2Q Loss

Tesla closeup (David Zalubowski/AP)

Electric car maker Tesla Inc. burned through $739.5 million in cash last quarter, paving the way to a company record $717.5 million net loss as it cranked out more electric cars.

Tom Krisher | Associated Press
August 3, 2018
Business, Technology, Equipment, Fuel, Top 100

Israeli Entrepreneur Races Tesla to Get Electric Trucks on Road

Tevva Motors Ltd.

Tevva Motors Ltd., headed by a former Israeli submariner who’s vying with Elon Musk’s Tesla Inc. to develop electric-powered trucks, secured a major investment that will enable it to put the vehicles on the road this year.

Matthew Kalman | Bloomberg News
June 19, 2018
Business, Technology, Equipment

With Promised Semi on the Horizon, Tesla Cuts 9% of Workforce

Jasper Juinen/Bloomberg News

Electric car maker Tesla Inc. is laying off about 3,600 workers mainly from its salaried ranks as it slashes costs in an effort to deliver on CEO Elon Musk’s promise to turn a profit in the second half of the year.

June 12, 2018
Business, Technology, Fuel

German Electric Carmakers Pose Threat to Tesla

Jaguar Land Rover I-Pace Jaguar Land Rover I-Pace by SeongJoon Cho/Bloomberg News

Major German carmakers are rolling out stylish, sporty electric vehicles in the mold of Tesla's Models S, X and 3. Unlike Tesla, they have roughly a century of experience launching models every few months and can spread development costs across a broad portfolio.

Elisabeth Behrmann | Bloomberg News
May 2, 2018
Business, Technology, Fuel

City Furniture Orders Five Tesla Semis

Tesla semi Tesla Semi by Alexis Georgeson/Tesla Motors

City Furniture preordered five Tesla Semis, the electric-powered Class 8 truck that has received orders from such firms as DHL Supply Chain, FedEx Corp., J.B. Hunt Transport Services, UPS Inc. and Walmart Inc.

April 30, 2018
Business, Technology, Equipment, Autonomous

Tesla Autopilot Chief Jim Keller Latest Executive to Leave Company

Alex Kraus/ Bloomberg News

Tesla Inc.’s Autopilot chief, Jim Keller, has left the company, the latest in a rash of executive departures at the electric-car maker led by CEO Elon Musk.

Dana Hull | Bloomberg News
April 26, 2018