electric car company

News

After SEC fraud charge, Tesla board is 'fully confident in Elon.'

Published: 
Fri, 09/28/2018 - 8:35pm

The Securities and Exchange Commission charged Elon Musk with fraud on Thursday, alleging that the Tesla chief executive's tweets about taking the electric-car company private at $420 a share were “false and misleading.” It asked a federal court to force Musk out of Tesla’s leadership and ban him from running any public company.

News

Tesla is seeking cash from suppliers, Wall Street Journal reports

Published: 
Tue, 07/24/2018 - 6:39pm

Tesla has asked some of its suppliers to refund a portion of what the automaker has already spent to help it become profitable, the Wall Street Journal reports.