Business

Elon Musk's Tesla tweet trial delves into investor damages

An Elon Musk tweet declaring he had the financing to take Tesla private in 2018 caused billions of dollars in investor damages after the deal collapsed, according to estimates presented Tuesday at a trial examining the haphazard ...

Business

Tesla will invest $3.6B in Nevada truck factory expansion

Tesla said it intends to invest $3.6 billion to expand manufacturing capabilities in Nevada and is confident growing software-related profits, reflected in record net income reported Wednesday for the fourth quarter of last ...

Business

Tesla says its 4Q profit rose 59%, expects strong demand

Tesla on Wednesday posted record net income in the fourth quarter of last year, and the company predicted that additional software-related profits will keep its margins higher than any other automaker.

Business

Elon Musk takes stand for 3rd day in Tesla investors lawsuit

Elon Musk returned to the stand for a third day Tuesday in federal court in San Francisco to testify in a trial stemming from a class action lawsuit brought by Tesla investors who allege he misled them with a tweet.

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