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Bob Lutz, the former General Motors vice chairman and noted Tesla hawk, would like you to know he still thinks Tesla's days are numbered. Lutz said on Tuesday that the totality of the electric-car maker's financial, administrative, legal, and manufacturing problems are signaling its eventual demise.
In the wake of a reported investigation from the Securities and Exchange Commission (SEC), Tesla said on Tuesday that it had received and cooperated with a voluntary request for documents from the Department of Justice (DOJ) but had not received a subpoena.
Stocks rose Tuesday as markets shrugged off major escalations in the US-China trade war. The dollar and Treasury yields edged higher.
Tesla says DOJ asked for documents after Elon Musk’s ‘funding secured’ tweet about taking the company private
Tesla is facing a criminal investigation by the US Attorney's Office in the Northern District of California over CEO Elon Musk's statements about taking Tesla private, Bloomberg reported. It is reportedly at an early stage. Criminal probes do not necessarily lead to enforcement actions.
Tesla CEO Elon Musk said on Monday via Twitter that the company is in the final stages of testing a dashboard camera for its vehicles. Musk said it would be included in the next version of Tesla's semi-autonomous Autopilot system, which he has suggested will begin rolling out this month.
Kimbal Musk said in an interview with CNBC that his brother Elon is doing a 'great job' as CEO of Tesla. Kimbal, a Tesla board member, backed his brother after a series of scandals, including being sued by a Thai cave rescue diver Vernon Unsworth, whom Elon called a 'pedo.'
British diver Vernon Unsworth, whom Elon Musk accused of being a pedophile, is suing Musk for defamation, Reuters first reported. Representatives for Musk did not immediately respond to requests for comment.
Elon Musk said on Sunday that Tesla intended to handle most of its customers' collision repairs at company-run body shops. The company did not immediately respond to a request for comment on when it thinks it will be able to handle the majority of its customers' collision repairs.
A group of researchers showed how a Tesla Model S can be hacked and stolen in seconds using only $600 worth of equipment
Tesla patched the issue with a software update that requires two-factor authentication from within the vehicle and offered updated key fobs, but customers who didn't receive either of those fixes are still vulnerable.
Plenty of questions have been asked about Tesla CEO Elon Musk of late. Musk has cranked out ill-advised tweets, taunted his critics, failed to take Tesla private, and smoked a little pot. But Musk's behavior is mild compared to other legends of the car business