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The Latest Breaking News from Tesla Inc.

Elon Musk sells Tesla shares worth $6.9bn as Twitter trial looms

Tesla CEO admits he could need the funds if he loses a legal battle with Twitter and is forced to buy the social media platform

The Guardian - UK

Porsche Taycan Turbo S Sets EV Nurburgring Record With 7:33 Lap Time

It improved the Tesla Model S Plaid's lap time by about two seconds.

Motor1

Elon Musk sells $6.9bn of Tesla to avoid Twitter fire sale

Elon Musk sold US$6.9 billion of his shares in Tesla Inc, the billionaire’s biggest sale on record, saying he needed cash in case he is forced to go ahead with his aborted deal to buy Twitter Inc.

Bangkok Post

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Elon Musk sells $6.9 billion worth of Tesla stock in face of Twitter legal battle

Musk said months ago he didn't plan to sell any more Tesla shares.

Axios

Elon Musk sells $6.9 billion of Tesla shares, first since April

NEW YORK: Elon Musk sold $6.9 billion of shares in Tesla Inc according to regulatory filings Tuesday, the first time he has sold stock in the carmaker since dropping his bid to buy Twitter Inc.

The Times of India

Move Over Tesla? This Electric Vehicle Company Thinks It Can Do Robotaxis Better

As the market leader for electric vehicles, Tesla Inc (NASDAQ: TSLA) is being pursued by other electric vehicle upstarts and legacy automakers. An electric vehicle company backed by a leading search engine in China is the latest to call out its potential to one day pass Tesla.

Benzinga

California Love: Tesla Model Y, Model 3 Are State's Best-Selling Cars

Tesla was California's second best-selling auto brand overall, reaching 10.7% share of the state's new car and light truck market.

InsideEVs

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Tesla Model Y In China Gets New Airbag

Tesla announced via Weibo that the new airbag is a "far-side" airbag that now comes standard in addition to the Model Y's current suite of airbags.

InsideEVs

Tesla’s self-driving technology fails to detect children in the road, group claims

Safe technology campaigners release ‘disturbing’ video advert showing car in Full Self-Driving mode hitting child-sized mannequin

The Guardian - US

Tesla's New Speedy Service Plan Drops Some Loaners, Uber Options

With Tesla's new quicker "Formula 1" style service, the automaker may only provide alternative transportation for customers with multi-day service situations.

InsideEVs

Tesla Investigated For Two Motorcyclists Killed In Autopilot Crashes

The NHTSA wants to verify if Autopilot was indeed activated in these two crashes that occurred in darkness, on freeways.

InsideEVs

Most electric vehicles won't qualify for federal tax credit

A tax credit of up to $7,500 could be used to defray the cost of an electric vehicle under the Inflation Reduction Act now moving toward final approval in Congress

The Independent UK

China: Tesla EV Sales Decreased In July 2022 To Below 30,000

July has been another slower month in terms of vehicle production at the Tesla Giga Shanghai plant in China.

InsideEVs

Tesla Reportedly Signs $5 Billion Nickel Supply Deal In Indonesia

According to a senior cabinet minister, Tesla signed a five-year contract with nickel processing companies operating out of Indonesia's Sulawesi island.

InsideEVs

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InsideEVs

Tesla Model Y Was Europe's Best-Selling Premium SUV In H1 2022

Tesla Model Y sales in Europe are growing so fast that the EV could surpass the Audi A3 as the continent's best-selling premium model for the entire year.

Salon

Manchin's EV tax credit has a catch

There’s a catch, and it could end up making it difficult for most EVs to qualify for the new incentive

The Independent UK

'The Sacrifice Zone': Myanmar bears cost of green energy

The birds no longer sing

Benzinga

Exclusive: Tiny Home Builder Boxabl Talks Elon Musk's $50K Home, Massive Wait List And Expansion To Mars

A rumor of Tesla Inc (NASDAQ: TSLA) CEO Elon Musk living in a $50,000 house made by Boxabl popped up last year after a tweet from the CEO

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InsideEVs

BYD Tang Shines In Banana Box Test

The 7-seat BYD Tang achieved one of the best results in the latest Bjørn Nyland humorous banana box test, which highlights the cargo capacity.

Benzinga

Looking At Tesla's Recent Whale Trades

Someone with a lot of money to spend has taken a bearish stance on Tesla (NASDAQ:TSLA). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

InsideEVs

Plug-Ins At 10.3% In June As Italy’s EV Sales Gain Traction

Signs of recovery in Italy’s car market as plug-in registrations go up at the end of the first half of the year. The new incentive scheme appears to be working.

InsideEVs

California DMV Accuses Tesla Of False Advertising For Autopilot, FSD

Tesla makes it clear that its systems require active driver supervision, but the brand also touts the features' capabilities, which the DMV feels is dangerous.

InsideEVs

2022 Polestar 2 Happens To Be Slower Than Expected In Moose Test

The 2022 Polestar 2, in the all-wheel-drive version with a 78 kWh battery, was recently tested in the "moose test," but it did not impress.

Benzinga

Benzinga Before The Bell: Elon Musk Confirms Tesla AI Day Part 2, Dogecoin Scam, BioNTech Q2 Earnings Shocker And Other Top Financial Stories Monday, August 8

CNBC Celsius Withdraws Motion To Rehire CFO

The Conversation

The climate bill could short-circuit EV tax credits, making qualifying for them nearly impossible

The U.S. Senate passed a far-reaching climate, energy and health care bill on Aug. 7, 2022, that invests an unprecedented US$370 billion in energy and climate programs over the next 10 years – including incentives to expand renewable energy and electric vehicles.

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