Prosecutors say Trevor Milton, former chief executive of Nikola, lured retail investors with lies about the electric truck company’s technology.
The maker of electric pickup trucks, vans and sport-utility vehicles increased its production forecast for the year, but only slightly.
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.
Production problems in China and Elon Musk’s pursuit of Twitter are leading investors to wonder whether the electric car company is worth as much as they thought.
S&P cited racial discrimination claims in deciding to exclude the electric carmaker from a listing of socially responsible companies.
The chief executive’s debt load, his divided attention and Twitter’s own challenges could all take a toll on his electric-car company.
Tesla is highly traded, and Elon Musk’s sale of more than $16 billion worth of stock last year did not appear to push share prices lower.
Tesla is highly traded, and Elon Musk’s sale of more than $16 billion worth of stock last year did not appear to push share prices lower.
The company said it expected to produce only 25,000 electric vehicles this year, adding a new cloud to its outlook only months after a hot I.P.O.
The electric car start-up cited shortages of semiconductors and other supply chain problems.