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Tesla says SolarCity deal could be delayed by shareholder lawsuits
Tesla has said that its acquisition of SolarCity could be delayed because of shareholder lawsuits which have been filed to challenge the merger, according to an amended regulatory filing published by the SEC today spotted by Reuters.
The lawsuits include four filed in Delaware during the first half of September, which accuse Tesla and SolarCity board members of having violated their… Read More
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Tesla brings its Design Studio to you with Model X SUVs towing Airstreams
Tesla may have a range of vehicle showrooms across North America, but those can’t cover everyone, and it’s even more difficult for the average potential Tesla buyer to get to the company’s primary design studio in Hawthorne, so the automaker’s new ‘Tesla Explores‘ initiative is aiming to bring a taste of the design studio to you. The program is a… Read More
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Missouri court rules against Tesla selling at its own dealerships in the state
Tesla continues to try to up-end the dealership system in the U.S., which generally requires that franchise-owned dealers sell cars, vs. automakers selling directly via their own wholly owned dealerships. The latest beat in he ongoing battle comes in Missouri, where Cole County Circuit Court Judge Daniel Green decided in favor of the Missouri Automobile Dealers Association (via Autoblog)… Read More
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Alphabet’s David Drummond leaves Uber’s board amid mounting competition
David Drummond, who joined Uber’s board of directors in August 2013, stepped down several weeks ago, Uber has confirmed to TechCrunch. The Wall Street Journal first reported the news. At first blush: no surprise whatsoever. Earlier this month, Uber CEO Travis Kalanick said the company’s first fleet of self-driving cars would begin running in Pittsburgh soon (as soon as this… Read More
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Mercedes-Benz said to plan EV sub-brand, with multiple SUVs and sedans
Mercedes-Benz isn’t just planning one or two all-electric vehicle options to woo customers away from competitors, including BMW and Tesla who are further along with their EV lineups — it has four models in the works, according to sources speaking to Bloomberg. These cars will be offered under a new sub-brand with a new name, per the report. Read More
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The 7 steps of Elon Musk’s “Master Plan”
Why did Tesla buy SolarCity? To make your solar panel roof battery power your self-driving electric pickup truck. Elon Musk just revealed the second phase of his “Master Plan” and we broke it down so you can see the future too. Musk’s Master Plan has solar for everyone, but investors aren’t buying the dream — yet
The Tesla “Master Plan Part Deux” published tonight by founder Elon Musk proposes quite a lot of major projects, but perhaps the most far-reaching of them all is the plan to put solar on every roof and a battery in every garage. And to do that, he not-so-subtly hints, Tesla and SolarCity will need to be more than friends. Read More
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Tesla’s master plan part two is huge for the company
Elon Musk plans to steer Tesla towards fully autonomous driving, car sharing, and cargo transport, according to the long awaited blog post on the company’s website. A fully solar power ecosystem driven in-part by SolarCity will help Musk and Co. get there. Musk has been teasing the master plan part II for days. What would be in it? Would Tesla cars fly? Would they go to space? What… Read More
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Tesla under investigation for possible breach of securities law, WSJ reports
Tesla is under investigation by the U.S. Securities and Exchange Commission, The Wall Street Journal reported, for a possible securities law breach. What’s at issue is whether the electric vehicle company should have notified shareholders immediately following a fatal accident on May 7 that killed a Tesla Model S owner who was using Autopilot at the time of the crash. A spokesperson… Read More
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Tesla gets more than solar panels with offer to acquire SolarCity
News of an offer from Tesla to acquire SolarCity came mostly unexpected to traders earlier this afternoon. In a rapid “knee-jerk” reaction, traders bid up SolarCity by 13 percent and sent Tesla tumbling down 12 percent. It is typical for the stock of an acquisition target to spike while the acquirer’s stock falls according to Michael Morosi of Avondale Partners. SolarCity… Read More
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