Tesla Stock News

The Securities and Exchange Commission is investigating whether recent stock sales by Elon Musk and his brother, Kimbal Musk, violated insider-trading rules.

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(Bloomberg) -- Elon Musk and Tesla Inc. were denied a court hearing on their claims that the SEC is targeting them with an “unrelenting investigation” in retaliation for criticisms of the government.

The three American automakers are touting their self-driving features.

Kimbal Musk, Tesla board member and brother of Elon Musk, admitted that the company was "very ignorant" of Bitcoin''s high carbon footprint when it bought

Speaking at ETHDenver, Kimbal Musk said that the EV company was unaware of Bitcoin''s high energy consumption when it adopted the cryptocurrency last year.

White House Worried Elon Musk Would "Say Something To Embarrass The Administration" If Invited To D.C. The White House reportedly has worries about potentially letting Tesla CEO Elon Musk on the grounds to meet with President Biden. In fact, the Biden administration is worried that Musk would "be a bad guest" and would "say something to embarrass the administration" while on the premises, a NY Post article reported this week. Musk shouldn''t be expecting an invite to 1600 Pennsylvania Ave. anytime soon, as the report notes that "Biden and his close advisers are said to be irritated with Musk’s public criticism and have no immediate plans to invite him to the White House for future events". Musk responded to the report by telling CNBC: “They have nothing to worry about. I would do the right thing.” “I have nothing against Biden otherwise, apart from general concern about more deficit spending, which would apply to any president, and actively supported the Obama-Biden election,” he continued.

Tesla will break ground next month on a new factory in Shanghai — solidifying Elon Musk’s commitment to double production of electric vehicles in China, according to a report. The new factory in China’s financial hub will enable Tesla to produce up to 2 million units annually, putting the electric vehicle maker on a par…

As Tesla focuses on staying ahead of the electric vehicle (EV) transition in the world’s largest auto market, the automaker is apparently constructing a second … Read more The post New Tesla Plant in China Will Bring Production to 2 Million Cars Annually, Says Report appeared first on TeslaNorth.com .

SAN FRANCISCO — U.S. safety regulators said they are investigating 1,732,000 Honda Motor vehicles over reports of inadvertent braking that increases the risk of a collision. The probe comes a week after the transport agency said it was opening a formal investigation into 416,000 Tesla vehicles over complaints of unexpected brake activation tied to its […]

Kimbal Musk, Tesla Inc (NASDAQ: TSLA ) board member and brother of CEO Elon Musk , has called the company’s $1.5-billion Bitcoin (CRYPTO: BTC ) purchase “very ignorant.” What Happened: In an interview with TechCrunch at the Ethereum (CRYPTO: ETH ) Denver Conference last week, Kimbal said that Tesla’s decision at the time was not well-informed and the company “had no idea of the environmental impact” of Bitcoin. “When we invested in Bitcoin, we were very ignorant. We had no idea of the … Full story available on Benzinga.com

Tech stocks across the board are down today as the market correction is only amplified by Russia''s recent invasion of Ukraine.

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