Tesla CEO Elon Musk’s brilliant idea to call the Securities and Exchange Commission the “Shortseller Enrichment Commission” in a recent tweet did not land the impulsive executive in any additional hot water. The SEC, which decided that removing Musk from the chairman’s position and fining both him and the company $20 million was sufficient punishment for the August 7th “funding secured” tweet, still thinks it’s an appropriate settlement.

The two sides came together in agreement on Thursday, signing off on the settlement and submitting it to a judge. Read More >

Following the release of crash test results in 2013, Tesla claimed the Model S earned more than five stars on the National Highway Traffic Safety Administration’s ranking scale. Nuh uh, said the NHTSA. There’s only five stars to hand out. No one gets more than that.

Fast-forward five years and the exact same thing is occurring, this time centered around the just-tested Model 3. That sedan, which still isn’t cheap, earned five stars in all NHTSA crash categories. Kudos to Tesla engineers. However, the NHTSA isn’t happy with Tesla’s weekend boast that suggested the Model 3 is the safest car ever tested by the federal agency. Read More >

Tesla CEO Elon Musk loves railing against shortsellers to the same degree that normal, regular people enjoy eating and breathing. As his company’s stock continues a downward slide initiated and perpetuated by Musk’s completely avoidable antics, the CEO decided that mocking a securities regulator and endangering a settlement reached on Saturday was a good and proper course of action. And so he took to Twitter Thursday night to make it happen.

It’s gotten to the point where young investors and diehard Tesla fans have taken to social media, begging him to cut it out. Read More >

Now that new car buyers have a decent selection of semi-autonomous driving systems to choose from, Consumer Reports felt it would be a good idea to put them to the test.

Expect to see much consternation expressed on Tesla forums. The rankings, which pitted Cadillac’s Super Cruise against Tesla’s groundbreaking Autopilot, Nissan’s ProPilot Assist, and Volvo’s Pilot Assist, shows GM’s luxury marque in the lead.

What propelled Cadillac’s system to the top of the heap? The same element that gave Tesla’s system a black eye two years ago: safety. Read More >

If that headline was a tweet, it would certainly qualify as “evergreen.”

With Model 3 production having ramped up towards the very end of the previous quarter, Tesla production in the third quarter of 2018 totalled 80,142 units, some 53,239 of them Model 3s. Compared to the 53,339 vehicles built in Q2 2018, it’s a hefty increase in output.

However, lost in the megaton-yield controversies that follow Tesla CEO Elon Musk like a stray dog in search of a home is the fact that Q3 production didn’t quite make it to an oft-promised target. Read More >

Consequences have come swiftly for Elon Musk.

Less than two months after he tweeted that he had secured enough funding to take Tesla back private, and just a few days after being charged with securities fraud, Musk has settled with the Securities and Exchange Commission after the SEC charged him with “false and misleading” statements and a failure to properly notify the regulators of material company events.

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Yesterday’s end-of-day fraud lawsuit filed against Tesla CEO Elon Musk by the Securities and Exchange Commission needn’t have happened, CNBC reports. The CEO and founder turned down a settlement deal that would have seen him pay a “nominal” fine and remove himself as chairman, sources claim. Instead, Musk did what he does best. He went his own way, greatly increasing risk both to himself and his company.

Still, Tesla’s board stands by its man, releasing a statement late Thursday to this effect. According to Bob Lutz, outspoken industry titan, the board should have told Musk to hit the bricks. Read More >

Documents filed in a Manhattan federal court Thursday reveal the U.S. Securities and Exchange Commission is suing Tesla CEO Elon Musk for fraud. The SEC opened an investigation into Musk after the CEO fatefully tweeted his intent to take the company private. “Funding secured,” Musk wrote in the August 7th tweet.

The go-private plan quickly fell apart. In the lawsuit, published by Bloomberg, the SEC accuses Musk of fabricating the claim made to 22 million social media followers, many of them investors. Read More >

Tesla Motors is currently offering up a bevy of incentives, even a few it once discontinued, in order to maximize deliveries before the end of the quarter. The brand has also reached out to enthusiastic owners who may want to help during its time of need, creating a weird sort of volunteer army for itself.

The company is desperate to prove to investors that Model 3 volume is making meaningful headway before its next shareholders meeting. As you’ll recall, the Department of Justice opened a criminal investigation after the Securities and Exchange Commission began a civil probe into Elon Musk’s August tweet about possibly taking Tesla private. The automaker also fired more than 3,000 employes over the summer and lost several important executives. It’s been a rough year for the brand, which makes having a good quarter all the more important.

While a significant portion of that battle is being waged at the factory, helped by simplified paint options and new car carriers, Tesla thinks it can move enough extra metal at its delivery centers to make up some of the difference.   Read More >

What a week it’s shaping up to be for Tesla CEO Elon Musk. Interestingly, if this latest report proves true, we can pin the blame for all of Musk’s misfortune over the past 24 hours on the presence of social media, and his tendency to overuse it.

According to Bloomberg, the U.S. Justice Department has opened a fraud investigation into Musk’s infamous “funding secured” tweet — the online message that kicked off a strange journey that ultimately went nowhere. Read More >

A Silicon Valley resident had a big day yesterday. After finally revealing the real, live, human being he plans to stuff on top of a rocket for a journey around the moon, this same resident also received notice of a lawsuit filed against him. Big, big day.

What’s amazing about Vernon Unsworth’s libel suit is how completely avoidable it was. However, as we’re dealing with the mind of Tesla CEO Elon Musk here, the suit — which accuses Musk of libel, assault, and slander — seemed from the outset to be unavoidable. This is a man who goaded the litigant to sue even after apologizing for calling a man he’s never met a “pedo” on Twitter. Musk then forgot all about the apologies and doubled down on the unsubstantiated claim, even as Unsworth secured legal representation.

And why? Unsworth helped rescue a Thai soccer team from a flooded cave but had the nerve to criticise Musk’s homemade submarine, which rescuers never employed in the cave extraction. It’s enough to make one believe that only a certain type of personality makes it big in Silicon Valley. Read More >

Tesla’s Elon Musk announced Tuesday that the automaker will limit its paint options to simplify production and, hopefully, improve volume. “Moving [two] of [seven] Tesla colors off menu on Wednesday to simplify manufacturing,” said the CEO via social media. “Obsidian Black and Metallic Silver will still be available as special request, but at higher price.”

The announcement comes after a busy press week for Tesla. Musk lost his chief accounting officer after a comically brief tenure and was lambasted for smoking marijuana on Joe Rogan’s podcast. However, the real crime was how much of it Elon wasted by puffing on the monster wrap in an attempt to appease the host, without ever inhaling any smoke. That’s no way to get high.  Read More >

Big Tesla news inevitable comes at odd times, usually at the very end of the week, and most often at night — at least here on the East Coast. And so it was that late Friday afternoon, following another bizarre week of Elon antics (and two high-profile departures), Tesla CEO Elon Musk upset the negative news cycle by announcing a shakeup of his company’s upper ranks, including the appointment of a president of automotive.

What does a president of automotive do? A hell of a lot, it seems. Besides overseeing all of the company’s automotive operations, newly promoted Tesla veteran Jerome Guillen must also keep the sometimes dodgy supply chain running smoothly. His other big role involves removing stress from Musk’s life. Read More >

Today’s installment of “This Week in Elon” sees the Tesla CEO appear on the top-rated Joe Rogan Experience podcast and partake in drug consumption that’s legal in the state in which it was filmed. One hopes Musk didn’t pile into his Model S afterwards and drive away while baked.

Normally, what happens in an executive’s private life remains private until it hits the papers ahead of an impending trial, or perhaps fills the pages of a tell-all bestseller. This being Musk, however, questionable antics seem to occur all the time, usually in a public forum, and shareholders, analysts, and no doubt the company’s board aren’t too pleased with it.

It’s not on the same level as Lee Iacocca showing up on the Merv Griffin Show and railing a line of blow, but Musk’s podcast appearance, combined with two high-profile departures, sent Tesla shares tumbling. Read More >

Tesla CEO Elon Musk, the executive with a “Don’t Hold Back” sticker placed atop every one of his phone and computer screens, didn’t need to poke the bear last night. It seems there’s already a libel suit being loaded into the chamber, ready to fire in his direction.

In a Twitter exchange he could easily have avoided by tidying up around the house, preparing a wholesome snack, getting this owner the repairs he’s been waiting six months for, or perhaps reading one of Lee Iacocca or Bob Lutz’s books, Musk suggested, once again, that a British diver he’s already apologized to is a pedophile, again without offering evidence.

Asking why Vernon Unsworth hasn’t filed a lawsuit against him, Musk then practically dared the cave rescuer to sue. He’ll probably get his wish, especially after last night’s antics. Read More >