The $3.6 billion investment, which also includes a new battery factory, presents a challenge to traditional truck makers that have been slow to sell electric vehicles.
Under questioning, Mr. Musk said he hadn’t discussed how much money investors would put in to help him take his car company private.
Mr. Musk is testifying in a lawsuit filed by investors who claim that his statements about a plan to take Tesla private in 2018 caused them to lose billions of dollars.
The chief executive of Tesla testified in a federal civil trial about a 2018 plan to take the automaker private that fizzled out.
A wave of lawsuits argue that Tesla’s self-driving software is dangerously overhyped. What can its blind spots teach us about the company’s erratic C.E.O.?
Investors are seeking billions of dollars in damages for their losses after Mr. Musk posted a proposal on Twitter that never materialized.
Worry about the carmaker’s sales in the world’s largest car market is one reason the shares have plunged.
A huge sell-off wiped billions of dollars from the electric carmaker’s market capitalization on Tuesday. Analysts see more trouble ahead.
The company’s rapid growth is expected to ease as the economy slows and demand for its electric cars weakens.
Does Elon know who buys his stuff?