Tesla Inc. CEO Elon Musk caught many employees by surprise with his announcement last week that the electric-car maker would close most stores and shift to online-only sales, according to three people familiar with the matter.
March 5, 2019Latest News Updates From Dana Hull
Musk Blindsided Tesla Staff With Store Wind Down, Sources Say
Tesla’s Elon Musk Touts Model Y Event as Questions About Company Linger
Elon Musk said March 3 that Tesla will unveil its Model Y crossover in less than two weeks, as questions about store closures, employee layoffs and demand in the wake of waning U.S. federal tax credits threaten the company’s growth narrative.
March 4, 2019Tesla Racing to Get Model 3s to China Before Potential Tariff Hike
Tesla Inc. is loading as many Model 3 sedans as it can onto vessels destined for the People’s Republic ahead of March 1, when a trade-war truce between presidents Donald Trump and Xi Jinping is scheduled to expire.
February 13, 2019Tesla Cuts Model 3 Price for Second Time This Year
Tesla Inc. is cutting the price of its Model 3 sedan for the second time this year, citing the end of a customer-referral program that was a more costly incentive than the company realized.
February 6, 2019Tesla CFO Steps Down for Second Time
Tesla CEO Elon Musk revealed Chief Financial Officer Deepak Ahuja will retire a second time, reinforcing Tesla’s reputation for having an active revolving door of top executives.
January 31, 2019Tesla Sinks After Cutting Model 3 Price as Deliveries Disappoint
Tesla Inc. plunged in early trading Jan. 2 after delivering fewer Model 3 sedans than analysts expected in the fourth quarter and cutting prices to partially make up for the federal tax credit that’s been halved in the U.S.
January 2, 2019Tesla Adds Larry Ellison, Kathleen Wilson-Thompson to Board in SEC Deal
Tesla Inc. added Larry Ellison and Kathleen Wilson-Thompson to its board, fulfilling the terms of the settlement reached with U.S. securities regulators over its CEO’s problematic posts about taking the company private.
December 28, 2018Tesla Has Bought Trucking Companies to Boost Deliveries, Elon Musk Says
Elon Musk apparently is charting his way out of what he’s referred to as “delivery logistics hell” by making acquisitions and lining up contracts with trucking haulers.
November 15, 2018Tesla Fills Elon Musk’s Chairman Role With Board Member Robyn Denholm
Tesla Inc. appointed a director who’s been on its board for years to replace Elon Musk as chairman, stirring suspicion as to whether the mercurial CEO will be restrained after costly run-ins with securities regulators.
November 8, 2018Tesla Profit Blowout Reverses Much of Elon Musk’s Damage to Stock
Tesla Inc. blew away expectations with just the third quarter of positive earnings in its history, bolstering Elon Musk’s bid to make selling electric cars a financially sustainable business.
October 25, 2018Follow Us
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