Tag: TSLA

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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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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SEC says Tesla’s Elon Musk has twice violated court order with his tweets

WASHINGTON — Securities regulators told Tesla Inc. last year that Chief Executive Elon Musk’s use of Twitter had twice violated a court-ordered policy requiring his tweets to be preapproved by company lawyers, according to records obtained by The Wall Street Journal. Tesla TSLA, -0.21% and the Securities and Exchange Commission settled an enforcement action in 2018 alleging that Musk had […]

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Bitcoin, GameStop and NIO bets turned this flight attendant into a millionaire: Now he’s wagering it all in one final push to $3 million

Don’t invest like Andrew Dawood — you may never be as lucky. The Egyptian-born resident of Dubai turned roughly $50,000 in savings into $1.7 million on a series of white-knuckle bets on bitcoin BTCUSD, -4.42%, Chinese electric-vehicle maker NIO NIO, -0.75%, and videogame-retailer GameStop Corp. GME, -12.64% over a four-year period, he told MarketWatch in […]

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‘Big Short’ investor Michael Burry makes bearish bet on Tesla

The investment firm behind Michael Burry, who shot to fame for predicting the mortgage crisis well before anyone else, has made a bearish bet against electric-car behemoth Tesla. According to a Securities and Exchange Commission filing on Monday, Michael Burry’s Scion Asset Management was the owner of puts against 800,100 Tesla TSLA, +1.67% shares as […]

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Tesla driver killed in crash posted videos of himself driving hands-free

A Tesla driver killed in a California crash had posted videos of himself driving without his hands on the wheel — with investigators probing whether the car’s Autopilot mode was “a contributing factor.” Steven Michael Hendrickson, a 35-year-old father of two, died around 2:30 a.m. on May 5 when his white Tesla TSLA, +3.16% Model 3 struck […]

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Elon Musk implies Tesla could dump its bitcoin holdings

Prices of the leading cryptocurrencies continued to slide Sunday, with bitcoin falling after Elon Musk suggested Tesla Inc. has sold or may sell its remaining bitcoin assets. On Sunday, Twitter user @cryptowhale tweeted: “Bitcoiners are going to slap themselves next quarter when they find out Tesla dumped the rest of their #Bitcoin holdings. With the […]

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Elon Musk tweets about dogecoin, and price immediately jumps

A day after revealing that Tesla Inc. would stop accepting bitcoin as payment for its cars, Tesla Chief Executive Elon Musk suggested Thursday that another cryptocurrency, dogecoin, could be turned into a suitable replacement. “Working with Doge devs to improve system transaction efficiency,” Musk tweeted. “Potentially promising.” Dogecoin DOGEUSD, +22.55% prices immediately shot higher, after […]

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Bitcoin bulls on social media reject Musk’s reasoning for halting crypto-based car sales

Staunch supporters of bitcoin on Wednesday night were questioning Elon Musk’s crypto bona fides after the CEO of Tesla Inc. said that the company would halt its experiment of selling its electric vehicles using bitcoin due to “rapidly increasing use of fossil fuels” mining the digital asset. Musk’s announcement rippled through the crypto markets, sending […]

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