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Tesla Inc.

Tesla Inc.111 posts

Tesla Inc. is a California-based company that builds electric cars, batteries and powertrains. It was founded in 2003 and initially financed by Martin Eberhard and Marc Tarpenning. Elon Musk became its chairman a year later and, in 2008, its CEO. The company produces the Model S, Model X and Model Y. It has stores in North America, Europe, Asia and Australia.

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2 Jun, 2023

NHTSA investigates faulty Model Y steering wheels, recalls 137 vehicles

Opens investigationRecall0 Comments

The National Highway Traffic Safety Administration (NHTSA) investigates Tesla, after two 2023 Model Y owners filed complaints saying that their steering wheels came off while they were driving. Both cars had low mileage, and the NHTSA says they were delivered to the owners without the retaining bolt that attaches the steering wheel to the steering column. Tesla is now voluntarily recalling 137 2022-2023 Model Y vehicles, because the fastening part of the steering wheel may not be as tight as it needs to be. The loose fasteners may separate the steering wheel from the steering column and cause the vehicle to lose steering control. Tesla will provide a free inspection and reinforcement for the recalled vehicles and the its service center will provide services to users as needed. The NHTSA has not yet ordered a recall for the Model Y vehicles, but the administration says the investigation could include about 120,000 vehicles.

27 Jan, 2023

SEC probes Musk Tesla self-driving claims

Opens investigation0 Comments

US regulators are investigating Elon Musk’s role as part of an ongoing Securities and Exchange Commission probe of the company’s statements about its Autopilot driver-assistance system. SEC officials are weighing whether Musk may have inappropriately made forward-looking statements, although which statements have not been revealed.

An investigation by the agency’s enforcement unit doesn’t always lead to consequences, but can result in lawsuits, fines or other civil penalties for companies and executives.

21 Jul, 2022

Tesla board investigates Musk’s glass house purchases

Opens investigation0 Comments

Tesla’s board is investigating Musk for possible misuse of company resources in a project to build himself a mansion near the company’s Texas headquarters. The project involves a glass-walled building near Tesla’s Gigafactory in Austin, of which some renderings apparently show a residential area with bedrooms, bathrooms and a kitchen next to a body of water, with the factory in the background. The board’s probe comes after Tesla’s finance and internal audit teams became aware of an order placed by a Musk advisor (also being probed) for millions of dollars worth of specialized glass, and is focusing on whether executives in Musk’s inner circle used the company’s clout to obtain the glass for a personal project of Musk’s while a global supply chain crisis made the glass more difficult to obtain normally.