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Tesla and Elon Musk sued by shareholders for overstating the effectiveness and safety of company’s EVs

Tesla and Elon Musk sued by shareholders for overstating the effectiveness and safety of company’s EVs

by AIP Online Bureau | Mar 1, 2023 | International News

In a proposed class action filed in San Francisco federal court, shareholders said Tesla defrauded them over four years with false and misleading statements that concealed how its technologies, suspected as a possible cause of multiple fatal crashes, “created a...
South Korea fines Tesla $2.2 mln for exaggerating driving range of EVs

South Korea fines Tesla $2.2 mln for exaggerating driving range of EVs

by AIP Online Bureau | Jan 4, 2023 | International News, Non-Life, Regulation

The Korea Fair Trade Commission (KFTC) said that Tesla had exaggerated the “driving ranges of its cars on a single charge, their fuel cost-effectiveness compared to gasoline vehicles as well as the performance of its Superchargers” on its official local...

Elon Musk trial opens to decide fate of his $56 bln Tesla pay

by AIP Online Bureau | Nov 14, 2022 | Facts

A Tesla shareholder hopes to prove during the five-day trial that Musk used his dominance over the electric vehicle maker’s board to dictate terms of the 2018 package, which did not even require him to work at Tesla full-time A trial opened on Monday over...

Tesla changes insurance incentive scheme in China to urge purchases

by AIP Online Bureau | Nov 8, 2022 | International News, Non-Life

Tesla delivered 71,704 China-made electric vehicles (EVs) in October, down 14% from a record high in September, according to the China Passenger Car Association last week Tesla Inc. said it has raised insurance incentives for car orders in China placed before Nov. 30,...
Global EV shipments up 79% YoY in Q1, Tesla leads: Report

Global EV shipments up 79% YoY in Q1, Tesla leads: Report

by AIP Online Bureau | Jul 9, 2022 | Eco/Invest/Demography, International News, Technology

“With EVs comprising just 12 per cent of the total passenger vehicle shipments during the first quarter of 2022, there is a lot of scope for expansion. Fresh players are entering the market to benefit from the opportunity,” Senior Research Analyst Soumen...
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