Elon Musk Settled With the S.E.C., but Tesla’s Troubles Aren’t Over
The company is still struggling to produce and deliver its Model 3 cars. It is short on cash. And it still faces investigations by federal authorities.
Tesla CEO Elon Musk on Saturday settled a lawsuit with federal regulators alleging that the controversial executive bilked investors and lied when he announced the automaker had "funding secured" to buy back millions in shares to take the company private. The Securities and Exchange Commission announced the settlement Saturday. According to the...
Which electric car will get access to a fast charger network much like Teslas? What was the result of the SEC's investigation into Tesla chief Elon Musk? This is our look back at the Week In Reverse—right here at Green Car Reports—for the week ending Sept. 28, 2018. Friday, Volkswagen detailed the electric-car architecture that will...
The SEC sues Tesla chief Elon Musk for securities fraud. The 2019 BMW i3 gains a larger battery pack. The EPA reportedly plans to eliminate its science office. VW details its mass-production MEB platform for electric cars. And the Trump Administration's fuel economy proposal acknowledges man-made global warming—then ignores it. All of this...
It's not that the Trump administration doesn't believe in climate change. It just doesn't want to do anything about it. In a 500-page draft environmental impact statement concerning the EPA's and NHTSA's joint proposal to roll back fuel-economy and emissions regulations, the NHTSA reports that it expects global temperatures to rise by 7 degrees...
Science looks to no longer be a high priority at the EPA. The New York Times reported Thursday that the EPA plans to eliminate the powerful Office of the Science Advisor, merging it with another office under the Deputy Administrator for Science. The move represents a significant demotion of the science advisory role. Previously the Office of the...
Volkswagen last week laid out the basics for its set of electric-car components that plans to use to underpin a million new all-electric vehicles each year by 2025. With those components on the Modular Electric Toolkit (MEB), VW claims that it has the first pure-EV platform designed for high-volume production. It’s a claim that may be...
The 2019 BMW i3 will get a larger battery, good for 153 miles of range, up from 115 miles for the 2018 model, the automaker announced Friday. BMW refers to the new battery in the 2019 model as the 120 amp-hour battery, which delivers total energy storage of 42.2 kilowatt-hours with the i3's 350-volt high-voltage power system. The new battery will...
The Securities and Exchange Commission sued Tesla CEO Elon Musk for securities fraud Thursday over his Aug. 7 tweet when he announced he had "funding secured" to take Tesla private. In the complaint, filed in federal court in Manhattan, the SEC said Musk made "'false and misleading public statements and omissions" that harmed investors. The suit...
We spend three days with the 2019 Jaguar I-Pace for a real-world review. California considers upping its electric-car rebate. Elio Motors ditches plans to build its own engines. And electric cars may not be so innocent when it comes to parking in designated charging spots. All of this and more on Green Car Reports. GCR spent three days in the real...