Tag: Elon Musk

May 2, 2022

A Delaware court sided with Tesla CEO Elon Musk in a bitter legal battle over whether he acted against the best interest of other shareholders when he steered the electric car maker into a $2.6 billion acquisition of a solar […]

January 26, 2022

Tesla closed out its best year in company history posting quarterly and annual profit records, powered in large part by its booming operations in China, as Elon Musk’s electric car powerhouse is poised to finally face meaningful competition in the […]

February 26, 2020

In another sign of a strained partnership, Tesla and Panasonic are reportedly ending their joint production of solar cells at Tesla’s Gigafactory 2 facility in New York, according to a report in the Nikkei Asian Review. Tesla and Panasonic formed […]

October 28, 2019

Pacific Gas & Electric Co. is in the process of shutting off electricity to about 940,000 customers in Northern California — a trend that will continue as it fights wildfires and works to upgrade its network. But just as this […]

September 24, 2018

Elon Musk unveiled prototypes of Tesla’s Solar Roof tiles In October 2016. They came in four styles that looked just like normal roofing material but were essentially miniaturized versions of traditional solar panels. The announcement helped Tesla justify its $2.6 […]

January 19, 2017

A cornerstone of the Tesla story is crumbling as the company’s envisioned battery price advantage is likely to evaporate long before the Tesla’s Gigafactory has gone into full swing. An analyst note by Morgan Stanley says that Chinese battery suppliers […]

August 2, 2016

Tesla Motors said it would buy solar panel installer SolarCity for $2.6 billion in shares to form a one-stop clean energy shop. The deal is a major part of Tesla Chief Executive Elon Musk’s master plan “part deux” that calls […]

June 28, 2016

Two additional SolarCity board members with ties to Elon Musk are recusing themselves from making decisions regarding Tesla’s offer to buy the solar power company, in a bid to alleviate corporate governance concerns surrounding a potential deal. The new recusals […]

June 22, 2016

Elon Musk proposed combining the electric-car and solar-energy companies that he backs, the latest in a series of financial shuffles among disparate firms of his empire. Tesla Motors Inc., Mr. Musk’s Palo Alto, Calif., electric-car company, on Tuesday offered to […]