31 Articles
Official
Tesla launches second $5 billion share sale in three months

As its market value surpasses $600 billion

The company's shares touched a record high on Monday, pushing Tesla's market value above $600 billion and further cementing its position as the most valuable auto company in the world despite production that is a fraction of rivals such as Toyota Motor, Volkswagen and General Motors. Ten major banks, including Goldman Sachs, Citigroup Global Markets and Morgan Stanley, will conduct the sale, the carmaker said in a filing, giving no timeline for its completion. Demand for Tesla's shares has bee

Recalls
Tesla issues two recalls covering 9,500 U.S. vehicles

The recalls cover the 2016 Model X and 2020 Model Y

Tesla Inc is issuing two recalls covering about 9,500 vehicles for roof trim that may separate and bolts that may not have been properly tightened. The larger recall covers 9,136 Model X cars from the 2016 model year, the National Highway Traffic Safety Administration (NHTSA) said https://static.nhtsa.gov/odi/rcl/2020/RCLRPT-20V710-9316.PDF on Wednesday. NHTSA said the front and spine cosmetic roof trim may have been adhered without first using primer, and one or both pieces of trim may separa

Official
SpaceX's historic launch of NASA astronauts scrubbed by bad weather

Next launch window is Saturday

With the weather looking up, SpaceX and NASA officials vowed Tuesday to keep crew safety the top priority for the nation's first astronaut launch to orbit in nearly a decade. Veteran NASA astronauts Doug Hurley and Bob Behnken were set to make history Wednesday afternoon, riding SpaceX's Falcon 9 rocket and Dragon capsule to the International Space Station on a test flight. SpaceX was on the cusp of becoming the first private company to put astronauts in orbit, something achieved by just three

ETC
Tesla picks Austin and Tulsa as finalists for new U.S. factory

Don't expect Musk to pull up stakes in Fremont, though, despite his threat

Tesla has picked Austin, Texas, and Tulsa, Oklahoma, as finalists for its new U.S. assembly plant, a person briefed on the matter said Friday. The person says company officials visited Tulsa in the past week and were shown two sites. It wasn’t clear if there were any other finalists in the mix.

Recalls
Tesla recalls 15,000 Model X SUVs for power steering issue

The recall applies to 2016 model year X vehicles

Tesla Inc is recalling 15,000 Model X SUVs because of a potential issue that can lead to a loss of power steering assist that could make steering harder and increase the risk of a crash. The National Highway Traffic Safety Administration (NHTSA) and Transport Canada said aluminum bolts that attach the electric power steering gear assist motor to the gear housing may corrode and break causing a reduction or complete loss of power steering assist. The recall applies to 2016 model year X

Followup
Man killed in Tesla crash had complained about Autopilot

He said it would malfunction in the area where the crash happened

An Apple engineer who died when his Tesla Model X hit a concrete barrier on a Silicon Valley freeway had complained before his death that the SUV’s Autopilot system would malfunction in the area where the crash happened. The complaints were detailed in a trove of documents released Tuesday by the U.S. National Transportation Safety Board, which is investigating the March, 2018 crash that killed engineer Walter Huang. The documents say Huang told his wife that Autopilot had previously veered his

/ 2