Tesla will spend more to increase production at two new factories.
Tesla said it expected capital expenditures to be $6 billion to $8 billion in 2022, up from an April forecast of $5 billion to $7 billion.
The S.E.C. Sent a Letter to Musk About His Twitter Shares in April
The regulator questioned whether the Tesla chief executive had disclosed his stake at the right time.
Elon Musk Details Plan for $46.5 Billion Twitter Takeover
Mr. Musk has been building a stake in the social media company and last week made an unsolicited offer to acquire it outright.
Tesla Faces New Scrutiny Over Racial Bias and Elon Musk’s Tweets
The electric carmaker disclosed the new legal issues in its annual report to securities regulators, which was made public on Monday.
JPMorgan says Tesla owes it $162 million because of an Elon Musk tweet.
The 2018 tweet, in which Mr. Musk claimed he had secured funding to take Tesla private, initially sent the automaker’s shares soaring. But they sank when it became clear that no such deal had been reached.
Rivian edges closer to an I.P.O., seeking a valuation above $50 billion.
The company updated registration documents with the Securities and Exchange Commission on Monday.
A Skeptical Stock Analyst Wins Big by Seeking Out Frauds
The activist short-seller behind Hindenburg Research has become known for research that sends companies’ stock sinking. He says he’s not in it just to move share prices.
Federal prosecutors are looking into Lordstown, the electric truck company.
It was not clear what issues the prosecutors, with the U.S. attorney’s office in Manhattan, are looking into.
Lordstown Says it Has No ‘Binding’ Orders
The start-up gained attention by purchasing a shuttered General Motors factory in Ohio in 2019. At the time, G.M. was under pressure from President Trump to find a buyer for the plant.
In an about-face, Lordstown Motors says it will start production in September.
Lordstown said last week that it needed to raise more money and might not survive. Now, the company’s new executive chairwoman has said “It’s a new day at Lordstown Motors.”