Tag: Automobiles

Lordstown stock plummets after electric-truck company warns about financial position

Lordstown Motors Corp. shares dropped more than 20% late Tuesday after the electric-vehicle company warned investors about its ability to continue functioning financially. In delayed quarterly and annual filings with the Securities and Exchange Commission that were made public Tuesday, Lordstown RIDE, -16.27% added a “going-concern” warning, which informs investors that it may not be […]

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Tesla cancels Plaid Plus; ‘No need’ after upgrade to regular Plaid, Elon Musk tweets

Tesla Inc. is pulling the plug on its Model S Plaid Plus electric car, Elon Musk said Sunday, because the regular Plaid is “so good.” In a series of tweets, the Tesla chief executive said: “Model S goes to Plaid speed this week. Plaid+ is canceled. No need, as Plaid is just so good. 0 […]

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Elon Musk’s crypto tweets have ‘destroyed lives,’ says video purportedly from Anonymous

Elon Musk has “destroyed lives” through irresponsible tweets that have recently roiled cryptocurrency markets, a group claiming to represent the hacker collective Anonymous said in a weekend video. The nearly four-minute video, posted Saturday, attacked the Tesla Inc. TSLA, +4.58% chief executive for being “another narcissistic rich dude who is desperate for attention” and for […]

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SEC’s efforts to rein in Elon Musk’s tweets have been largely toothless

WASHINGTON — The Securities and Exchange Commission has tried for several years to get Elon Musk to behave more like a typical corporate leader. It hasn’t worked. The SEC sued Musk and Tesla Inc.  TSLA, -3.01%  in 2018 over tweets the regulator deemed fraudulent, settling the case for a combined $40 million and changes to the company’s corporate […]

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