by Paul A. Eisenstein | Oct 11, 2018
Fox CEO and Tesla board member James Murdoch is apparently out as a prospect to replace Elon Musk as the battery-carmaker’s chairman. Musk, who must relinquish the post as part of a settlement with the SEC, issued a Wednesday afternoon tweet declaring “incorrect” a...
by Paul A. Eisenstein | Oct 10, 2018
James Murdoch, the outgoing CEO of Twenty-First Century Fox and an outside director on the Tesla board of directors, appears to be the favored candidate to replace the carmaker’s founder and CEO Elon Musk, who must relinquish the chairman’s role as part of a...
by Paul A. Eisenstein | Oct 8, 2018
Tesla CEO Elon Musk is taking heat again, this time from supporters, as well as his long list of critics, for his attack on the Securities and Exchange Commission. After reaching a deal with the SEC early this month that forced him to step down as Tesla chairman, the...
by Paul A. Eisenstein | Oct 3, 2018
During any other year, Audi CEO Rupert Stadler would have been a notable presence at the Paris Auto Show where the brand formally introduced to the public this week its new e-tron battery-electric vehicle. But Stadler was a no-show because he remains in a German jail...
by Michael Strong | Sep 29, 2018
After an initial round of defiance, Tesla CEO Elon Musk elected to take the path of least resistance with the Securities and Exchange Commission, agreeing to resign as chairman and pay a $20 million fine. Tesla will pay an additional $20 million as part of the deal...
by Paul A. Eisenstein | Sep 28, 2018
Elon Musk and the Tesla board have fired back at the SEC, denouncing the federal lawsuit that could lead to the ouster of the automaker’s founder and CEO. On Thursday, the Securities and Exchange Commission sued Musk, alleging he made “false and misleading statements”...
by Paul A. Eisenstein | Sep 27, 2018
The Securities and Exchange Commission has sued Tesla CEO Elon Musk, alleging he committed fraud when tweeting and posting about his plans to take the carmaker private last month. Tesla itself was not named in the suit, though the company has privately given...
by Paul A. Eisenstein | Sep 24, 2018
Porsche is set to become the first German automaker to completely abandon diesel engines, the sports carmaker has confirmed. The move, confirmed by CEO Oliver Blume in the Bild am Sonntag newspaper, comes in the wake of the emissions cheating scandal that has so far...
by Joseph Szczesny | Sep 24, 2018
With driving bans aimed at diesel engines looming in several German cities, German Chancellor Angela Merkel is pressing German carmakers for help in coming up with ways to make vehicles cleaner while avoiding limits on traffic, averting a potential political crisis...
by Joseph Szczesny | Sep 19, 2018
German automakers are facing more headaches and potentially huge fines as the fallout from the “Dieselgate” scandal continues to seep through the legal and regulatory system in Europe and North America. Antitrust regulators from the European Union are...
by Paul A. Eisenstein | Sep 19, 2018
Elon Musk now says he may try to hitch a ride along with the Japanese billionaire who plans to buy a ride on a SpaceX rocket trip around the moon. Considering the mounting legal problems facing the 47-year-old executive, the CEO of both SpaceX and Tesla, Musk may need...
by Paul A. Eisenstein | Sep 18, 2018
Adding to the many headaches facing Elon Musk, the Tesla CEO has now been sued by a British diver that he has accused of being a pedophile. In July, the 47-year-old executive got into a Twitter war with Vernon Unsworth earlier this year when Musk offered to send a...
