SolarCity, a company acquired by Tesla last fall, has agreed to pay the U.S. Treasury $29.5 million to resolve allegations that it lied to the federal government and overinflated its costs to receive higher stimulus funds than it deserved, the Justice Department announced Friday.
Labor unions are pressuring California lawmakers to curb tax breaks on electric vehicles in an effort to punish Tesla Motors for resisting a unionization campaign.
The California legislature scrapped a $3 billion spending bill aimed at boosting tax subsidies for electric vehicles that could have been a boon to Tesla.
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.