Tesla News Updates

Elon Musk won reinstatement of his 2018 pay package as CEO of Tesla, after the Delaware Supreme Court reversed the finding of a judge who said the billionaire had influenced board members.

The California Department of Motor Vehicles said Dec. 16 the suspension won’t take effect for 90 days to give Tesla time to appeal or come into compliance.

It’s been a rocky comeback for Tesla, whose share price has more than doubled since it hit a low in early April amid a wider market meltdown sparked by President Trump’s tariff offensive.

Tesla co-founder JB Straubel’s battery recycling firm, Redwood Materials, cut dozens of jobs as the startup scales back some of its ambitious projects.

The lawsuit comes weeks after suits filed in Wisconsin and California involving fatal crashes in which occupants allegedly became trapped when the doors wouldn't open.

Tesla was allowed to begin offering autonomous rideshare service in Arizona, clearing the way for its nascent robotaxi business to expand to a new state.

Siddhant Awasthi's decision follows a string of executive exits at Tesla, which has grappled with lukewarm consumer demand and the loss of U.S. incentives while pursuing new business lines.

NHTSA opened the defect investigation Sept. 15, citing nine complaints submitted as far back as July 2023. Several parents said they were unable to open the Tesla doors to retrieve a child.

NHTSA disclosed in September that it’s investigating whether some Tesla doors are defective, citing incidents in which exterior handles stopped working and trapped  occupants inside.

The donation has raised concerns from government oversight experts about private donors’ influence on public departments and the boost to the Tesla brand.