The fight over a California state bill to create a $3 billion state subsidy program for electric vehicles, a potential boon for Tesla, is intensifying with the Senate set to take up the measure Monday.
Tesla Inc. has spent more than $100,000 lobbying specifically on issues related to electronic vehicles and $450,000 lobbying the federal government overall over the last year and a half, according to lobbying disclosure records.
Tesla CEO Elon Musk’s decision to quit serving as a business adviser to President Trump because of Trump’s exit from the Paris climate accord is spurring additional scrutiny of the billions of dollars in tax subsidies Tesla, SolarCity, and other Musk companies have received over the last decade.
A coalition of free-market groups accused federal regulators on Tuesday of ignoring evidence that would undermine proposed measures governing automotive sales that stand to enrich a politically-powerful company at consumers’ expense.
A federal judge in Washington, D.C., has ruled that a lawsuit filed by a government watchdog group against the Department of Energy over “political favoritism” within a multi-billion dollar federal green energy loan program can advance.
Tech billionaire and Hillary Clinton donor Elon Musk reportedly chastised an employee for missing a company event to witness the birth of his child.
Tesla, the trendy electric car manufacturer, has announced they’ll be releasing a new model priced at about $35,000. This is a huge drop from the $100,000+ models they’ve manufactured to date.
The media frenzy over the announcement has been near-orgasmic as some (such as Gizmodo.com) are hailing the new, affordable model as being the most significant automotive release since the Model T.
DETROIT (Reuters) – A video that went viral of a burning Tesla electric car has emerged as a public relations nightmare for the company, analysts said Thursday, as the “green car” maker lost as much as $3 billion in market value two days after the incident in Washington state.
The New York Post reported Thursday about a budding romance between two of President Barack Obama’s most famous fundraisers.