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Elon Musk, Tesla found not liable in ‘funding secured’ tweet lawsuit

par Kirsten Korosec | Fév 4, 2023 | Elon Musk, EVs, shareholders, Tesla, Transportation

Elon Musk was found not liable in a class-action securities fraud trial that centered on the Tesla CEO’s now infamous “funding secured” tweet. After less than two hours of deliberation, a jury announced the verdict in the trial that kicked off three...

Tesla, Ford and GM win in EV tax credit change

par Kirsten Korosec | Fév 3, 2023 | EV, Ford, Tesla, Transportation, US treasury

A few more electric vehicle models now qualify for the federal EV tax credit, including GM’s Cadillac Lyric, the Ford Mustang Mach E and Tesla’s five-seater Model Y thanks to a change by the U.S. Treasury. The U.S. Treasury Department updated Friday the...

Tesla records $204M loss from bitcoin in 2022

par Rebecca Bellan | Fév 1, 2023 | Bitcoin, crypto, Tesla, Transportation

Tesla recorded a $204 million impairment loss in 2022 on its bitcoin holdings, according to regulatory filings. The loss was offset by $64 million in profits from bitcoin trading, leaving the automaker with a net loss of $140 million. Tesla had invested $1.5 billion...

DOJ requests Autopilot, FSD documents from Tesla

par Rebecca Bellan | Jan 31, 2023 | Autopilot, Tesla, Tesla FSD, Transportation

The U.S. Department of Justice has asked Tesla for documents related to its branded Full Self-Driving and Autopilot advanced driver assistance systems, the automaker disclosed in a securities filing. Tesla said in the filing it “has received requests from the...

Ford discounts its all-electric Mustang Mach-E in response to Tesla’s EV price war

par Kirsten Korosec | Jan 30, 2023 | EV, Ford, Tesla, Transportation

Ford said Monday it has increased production and cut the price of its all-electric Mustang Mach-E crossover, the latest automaker to join an EV price war started by Tesla. Ford Mustang Mach-E vehicles are now between about 1% to 8.8% lower, depending on the trim...

Elon takes the stand, Akio Toyoda hands over the CEO keys and layoffs come for Waymo

par Rebecca Bellan | Jan 30, 2023 | Tesla, The Station, Transportation

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the full edition of the newsletter every weekend in your inbox. Subscribe for free.  Welcome back to The Station, your central hub for all...
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