Report: Justice Department investigating Tesla, Musk over tweets

Elon Musk at Tesla Model 3 revealThe U.S. Department of Justice may be investigating Tesla and its CEO Elon Musk for criminal wrongdoing related to a series of tweets its founder sent this year, Bloomberg reported Tuesday. A spokeswoman for the Justice Department declined to comment on the report. At issue are a series of tweets in August in which Musk said that the automaker had...

Tesla opens its first in-house body shops to reduce repair times

Tesla Model 3 all-wheel drive Performance rolls off a new assembly line in a temporary structureFacing reports of long wait times at Tesla-authorized collision repair centers, Tesla is bringing collision repairs in-house. The company has been opening in-house body shops at a Tesla service centers in the past month, and Tesla chief executive Elon Musk tweeted on Sunday that the company plans to bring "most collision repairs" in-house, because...

Judge dismisses lawsuit against Tesla over Model 3 production delays

Elon Musk at Tesla Model 3 revealAmid a topsy-turvy month of mostly bad news for Tesla, the company got one major reprieve on Monday. According to a Reuters report, a federal court in San Francisco has dismissed a lawsuit from shareholders over delays in Model 3 production. The suit against Tesla and its CEO, Elon Musk, claimed that production forecasts for the Model 3 were...

Tesla had VW funding lined up to go private, report says

Tesla Motors CEO Elon Musk at Tesla Store opening in Westfield Mall, London, Oct 2013After Tesla CEO Elon Musk announced earlier this month that he planned to take the company private, investment advisors hooked a big fish to provide the funding, according to a report in The Wall Street Journal on Monday. In a long report about the Tesla board's deliberations over taking the company private, the Journal revealed that investment...

New report inside Tesla factory says Model 3 production improving

Tesla Model 3 all-wheel drive Performance rolls off a new assembly line in a temporary structureA new independent report from inside Tesla's Fremont factory shows production of the Model 3 is becoming sustainable. The report, from automotive analysts Eversource ISI Research in London and first carried in FT Alphaville, shows Model 3 production improving, and that the new General Assembly line 4 is making a significant contribution. Tesla...

Saudi investment fund reportedly wants stake in Lucid Motors

Lucid AirThe Saudi Arabian sovereign wealth fund may be planning to buy a stake in potential Tesla rival Lucid Motors, according to a Reuters report. Tesla CEO Elon Musk suggested last week that he had held talks with the same Saudi investment fund. The report says that the fund has drawn up a term sheet to invest $500 million in Lucid. It could invest up...

Opinion: Tesla’s CEO needs help, but will he take it?

'Revenge of the Electric Car' premiere: Elon Musk arrives in a Tesla RoadsterJust as Tesla is beginning to straighten out manufacturing problems with its Model 3, the executive suite seems in the midst of a nuclear meltdown. In a wide-ranging interview with The New York Times on Thursday, CEO Elon Musk admitted to being spread thin, having the most difficult and painful year in his career, and to hastily dashing off a...