Tesla victorious after judge dismisses lawsuit claiming Model 3 production fraud

By Dacia J. Ferris Posted on March 25, 2019 A securities fraud lawsuit filed by shareholders against Tesla in 2017 claiming misleading comments previously made about Model 3 production readiness has been dismissed by U.S. District Judge Charles Breyer of the Northern District of California. This is the second time the shareholders’ lawsuit was dismissed, […]

Tesla’s online-only sales model defended by used car dealer Carvana CEO

By Simon Alvarez Posted on March 8, 2019 Tesla’s decision to adopt an online-only model to sell its electric cars was recently defended by Carvana CEO Ernie Garcia, who went on CNBC’s Squawk Alley to discuss the electric car maker’s new sales strategy. Garcia noted that while Tesla will face challenges resulting from the shift […]

Elon Musk gets March 11 deadline from judge, ex-SEC chair calls for Tesla CEO’s punishment

By Simon Alvarez Posted on February 26, 2019 Tesla CEO Elon Musk has been ordered to explain why he should not be held in contempt for allegedly violating his settlement agreement with the Securities and Exchange Commission (SEC) by March 11. The deadline was issued by U.S. District Judge Alison Nathan in Manhattan, just one […]