Tesla (TSLA) CEO Musk Blocks Major Publication on Twitter
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No more Tesla buyback guarantee as company cuts price of Model X
July 13, 2016 8:58 AM EDTBy Alexandria Sage and Paul Lienert
SAN FRANCISCO/DETROIT (Reuters) - Tesla Motors Inc has ended a program that guaranteed the resale value of its cars, and lowered the starting price of its Model X crossover, the high-profile electric vehicle maker said on Wednesday.
The discontinuation of the buyback program, as of July 1, allows Tesla to free up cash that had been set aside to buy back Model S cars after three years at a value of at least 50 percent of the base purchase price.
The changes come after Tesla warned earlier this month it will... More
Tesla (TSLA) Says Montana Accident Result of Improper Autopilot Usage
July 13, 2016 8:34 AM EDTTesla (Nasdaq: TSLA) offered a statement on the recent Model X crash reported in Montana.
Electrek.co noted the following late Tuesday:
This vehicle was being driven along an undivided mountain road shortly after... More
Tesla (TSLA) Adds Lower-Cost Model X to Lineup
July 13, 2016 8:26 AM EDTTesla (Nasdaq: TSLA) has added a 60-kWh version of the Model X to its design studio.
The newest Model X will have a base price of $74,000 before any charges or... More
Tesla (TSLA) CEO Musk: We'll Take the Heat for Customer Safety
July 13, 2016 6:45 AM EDTTesla (NASDAQ: TSLA) CEO Elon Musk commented on Twitter today that the company doesn't mind "taking the heat" when it comes to keeping consumers safe.
Musk also highlighted a cite>Road & Track... More
FCA to offer rewards to hackers who help it find security flaws
July 13, 2016 12:10 AM EDTBy Joseph White
(Reuters) - Fiat Chrysler Automobiles NV (NYSE: FCAU) will offer rewards of as much as $1,500 to ethical hackers who tell the auto maker about data security weaknesses in its vehicles, the company said.
FCA's move comes a year after independent cybersecurity researchers used a wireless connection to turn off a Jeep Cherokee's engine. The hack, reported in Wired Magazine, alarmed auto makers and regulators, and it led FCA to recall 1.4 million vehicles to prevent the use of a wireless connection to gain control of the vehicle.
... More