There is consensus in the news and tech industries about one thing: Why does Elon Musk keep on touting the autopilot feature when it is far from being true autopilot? Meanwhile Elon Musk plans to continue his autopilot program. Why? Some say to use consumers as a base to test their products. Others say it […]
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The autonomous program isn’t meant for most types of driving, and the automaker compares its new luxury vehicles to older, cheaper cars. After years of hype about its autonomous driving system, the facts are coming out about how safe Tesla and Autopilot really are. Elon Musk’s company admits three of its vehicles have crashed while […]
Read more "How Tesla and Elon Musk Exaggeraged Safety Claims About Autopilot and Cars"
Tesla Motors Inc. quietly discontinued its resale value guarantee program as of July 1, the electric-car maker confirmed Wednesday. The program was “discontinued…so we can keep interest rates as low as possible” and offer “compelling” lease and loan programs to customers, a Tesla spokeswoman said. The program was available to those who financed their Model […]
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Tesla is reportedly being investigated by the Securities and Exchange Commission (SEC) over a potential securities law breach regarding the disclosure of the fatal Model S crash in Florida while the driver was using the Autopilot. The investigation is believed to be aiming to determine if the news of the fatal crash was a material information […]
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Tesla (TSLA) ended its resale value guarantee program as of July 1. NEW YORK (TheStreet) — Tesla Motors (TSLA) said it discontinued its resale value guarantee program that assured buyers cars would retain value over time, Reutersreports. Additionally, the Palo Alto, CA-based electric car maker lowered the starting price of its Model X crossover, which marks […]
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SolarCity and Tesla Motors’ boards of directors are close. Critics say they are too close to be truly objective about Tesla’s $2.8 billion bid to buy SolarCity. A majority of SolarCity’s directors already have recused themselves from making decisions about the Tesla bid. So entangled are the ties between the two companies that SolarCity’s special […]
Read more "The deep ties between Tesla and SolarCity’s boards of directors"