Key PointsIn this articleElon Musk earned his first performance-based payout confirmed that CEO earned the first tranche of his massive incentive payout, in a document filed with the Securities and Exchange Commission on Thursday.The tranche is comprised of about 1.7 million shares of Tesla, and would be valued around $775 million based on Thursday's closing market value. Shares in Tesla closed at $805.81 on Thursday, and the options have a strike price of $350.02., which also set a date of July 7 for the company's annual shareholders meeting, said:"As of the date of this proxy...…Key PointsIn this articleElon Musk earned his first performance-based payout confirmed that CEO earned the first tranche of his massive incentive payout, in a document filed with the Securities and Exchange Commission on Thursday.The tranche is comprised of about 1.7 million shares of Tesla, and would be valued around $775 million based on Thursday's closing market value. Shares in Tesla closed at $805.81 on Thursday, and the options have a strike price of $350.02., which also set a date of July 7 for the company's annual shareholders meeting, said:"As of the date of this proxy...WW…

Trump disagrees with Georgia Gov. Kemp's plan to reopen some businesses as owners scramble for safetyU.S. President said Wednesday he "totally disagrees" with Georgia Gov. Brian Kemp's phase 1 plans to reopen tattoo parlors, bars, hair salons and other nonessential businesses this week. Trump said Kemp's decision violates the phase 1 guidelines the White House announced last week  that recommends states wait to ease social distancing restrictions until there's widespread testing and a low level of community transmission. Trump said he respects Kemp's right as a governor to...…Trump disagrees with Georgia Gov. Kemp's plan to reopen some businesses as owners scramble for safetyU.S. President said Wednesday he "totally disagrees" with Georgia Gov. Brian Kemp's phase 1 plans to reopen tattoo parlors, bars, hair salons and other nonessential businesses this week. Trump said Kemp's decision violates the phase 1 guidelines the White House announced last week  that recommends states wait to ease social distancing restrictions until there's widespread testing and a low level of community transmission. Trump said he respects Kemp's right as a governor to...WW…

Key PointsIn this article on Saturday asked his 62.5 million followers to determine the future of a chunk of his holdings.Twitter polls are informal, however, and Musk previously said he was likely to sell "a huge block" of his options in the fourth quarter.At an appearance at the in September, Musk said when his stock options expire at Tesla, his marginal tax rate will be over 50% and that he was already planning to sell soon."I have a bunch of options that are expiring early next year, so ... a huge block of options will sell in Q4 — because I have to or they'll expire," Musk said at the...…Key PointsIn this article on Saturday asked his 62.5 million followers to determine the future of a chunk of his holdings.Twitter polls are informal, however, and Musk previously said he was likely to sell "a huge block" of his options in the fourth quarter.At an appearance at the in September, Musk said when his stock options expire at Tesla, his marginal tax rate will be over 50% and that he was already planning to sell soon."I have a bunch of options that are expiring early next year, so ... a huge block of options will sell in Q4 — because I have to or they'll expire," Musk said at the...WW…

Key PointsTwo men died in a Tesla crash in Spring, Texas, on Saturday night, and it appeared no one was behind the wheel, interviewed by reporter Deven Clarke at NBC affiliate KPRC 2.The Tesla vehicle, a 2019 Model S, crashed into a tree and burst into flames, according to the reports. One person was found in the front passenger seat, and another in the rear passenger seat.Based on a preliminary investigation, police told KPRC 2 they believe nobody had been behind the wheel, but they have not finished their investigation. A preliminary probe was not conclusive.Tesla system not aggressive...…Key PointsTwo men died in a Tesla crash in Spring, Texas, on Saturday night, and it appeared no one was behind the wheel, interviewed by reporter Deven Clarke at NBC affiliate KPRC 2.The Tesla vehicle, a 2019 Model S, crashed into a tree and burst into flames, according to the reports. One person was found in the front passenger seat, and another in the rear passenger seat.Based on a preliminary investigation, police told KPRC 2 they believe nobody had been behind the wheel, but they have not finished their investigation. A preliminary probe was not conclusive.Tesla system not aggressive...WW…

Key PointsEmbark, a start-up developing driverless truck technology, is partnering with , and other major shippers and cargo haulers to make sure that autonomous systems work within the growing ground freight industry.The start-up's development partners get early access to the company's software and services, according to Embark CEO and co-founder Alex Rodrigues. Embark will soak up the logistics giants' operational expertise, and prioritize developing features requested by their companies and drivers.2 days agoWhen Embark started around 2016, it set out to develop fully autonomous trucks...…Key PointsEmbark, a start-up developing driverless truck technology, is partnering with , and other major shippers and cargo haulers to make sure that autonomous systems work within the growing ground freight industry.The start-up's development partners get early access to the company's software and services, according to Embark CEO and co-founder Alex Rodrigues. Embark will soak up the logistics giants' operational expertise, and prioritize developing features requested by their companies and drivers.2 days agoWhen Embark started around 2016, it set out to develop fully autonomous trucks...WW…

Key PointsIn this articleLast week, after paying for brand-new electric cars, Southern California residents Tom Slattery, Christopher T. Lee and Clark Peterson told CNBC they were gobsmacked to find the company had charged them twice, taking tens of thousands of dollars from their bank accounts without authorization or warning, then giving them a frustrating runaround when they sought refunds.CNBC reviewed records including motor vehicle purchase agreements, correspondence with Tesla and bank statements to confirm their stories.Two other customers, whose identities are known to CNBC but who...…Key PointsIn this articleLast week, after paying for brand-new electric cars, Southern California residents Tom Slattery, Christopher T. Lee and Clark Peterson told CNBC they were gobsmacked to find the company had charged them twice, taking tens of thousands of dollars from their bank accounts without authorization or warning, then giving them a frustrating runaround when they sought refunds.CNBC reviewed records including motor vehicle purchase agreements, correspondence with Tesla and bank statements to confirm their stories.Two other customers, whose identities are known to CNBC but who...WW…

Key PointsIn this articleA U.S. federal agency is considering as evidence a former employee's complaint about how the company managed and communicated about fire risks and defects in its solar installations, CNBC has learned from documents received through a Freedom of Information Act request.The U.S. Consumer Product Safety Commission is proceeding with an investigation and has also interviewed the former Tesla employee who filed the complaint in spring 2019, Steven Henkes, who was then a Tesla solar field quality manager.2 days agoCNBC learned of the investigation by asking the...…Key PointsIn this articleA U.S. federal agency is considering as evidence a former employee's complaint about how the company managed and communicated about fire risks and defects in its solar installations, CNBC has learned from documents received through a Freedom of Information Act request.The U.S. Consumer Product Safety Commission is proceeding with an investigation and has also interviewed the former Tesla employee who filed the complaint in spring 2019, Steven Henkes, who was then a Tesla solar field quality manager.2 days agoCNBC learned of the investigation by asking the...WW…

Key PointsIn this articleA federal agency is calling for tougher requirements on testing autonomous driving, and the proposed changes could eventually force Tesla to change how it rolls out features to customers.The National Transportation Safety Board is calling for stronger federal requirements for the design and use of automated driving systems on public roads. In a to its sister agency, the National Highway Traffic Safety Administration, dated last month and not yet reported on, NTSB chief Robert Sumwalt named Tesla 16 times in calling for sweeping change."Tesla recently released a beta...…Key PointsIn this articleA federal agency is calling for tougher requirements on testing autonomous driving, and the proposed changes could eventually force Tesla to change how it rolls out features to customers.The National Transportation Safety Board is calling for stronger federal requirements for the design and use of automated driving systems on public roads. In a to its sister agency, the National Highway Traffic Safety Administration, dated last month and not yet reported on, NTSB chief Robert Sumwalt named Tesla 16 times in calling for sweeping change."Tesla recently released a beta...WW…

Key PointsIn this article is suing a former employee and software engineer named Alex Khatilov, alleging trade secret theft and breach of contract.In the complaint, the company accuses Khatilov of grabbing code and files from WARP Drive, a back-end software system that Tesla developed to automate a range of business processes involved in manufacturing and selling its cars. They also accuse him of deleting possible evidence when security teams confronted him.Khatilov was hired to help Tesla's Quality Assurance team create software that could automate tasks or business processes related to...…Key PointsIn this article is suing a former employee and software engineer named Alex Khatilov, alleging trade secret theft and breach of contract.In the complaint, the company accuses Khatilov of grabbing code and files from WARP Drive, a back-end software system that Tesla developed to automate a range of business processes involved in manufacturing and selling its cars. They also accuse him of deleting possible evidence when security teams confronted him.Khatilov was hired to help Tesla's Quality Assurance team create software that could automate tasks or business processes related to...WW…

After closing a $44 billion transaction to take Twitter private, Tesla and SpaceX CEO Elon Musk — now the de facto CEO of Twitter — announced that he plans to form a “content moderation council” at the social networking company. He says he will not make any “major content decisions” or reinstate any accounts that were previously banned before the council convenes. In May 2022, after Musk had agreed to buy Twitter at $54.20 per share, he said he would reverse Twitter’s lifetime ban on former President Donald Trump if the acquisition went through. At the time, Musk said, “I would reverse...…After closing a $44 billion transaction to take Twitter private, Tesla and SpaceX CEO Elon Musk — now the de facto CEO of Twitter — announced that he plans to form a “content moderation council” at the social networking company. He says he will not make any “major content decisions” or reinstate any accounts that were previously banned before the council convenes. In May 2022, after Musk had agreed to buy Twitter at $54.20 per share, he said he would reverse Twitter’s lifetime ban on former President Donald Trump if the acquisition went through. At the time, Musk said, “I would reverse...WW…