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Struggling EV maker reels as Chapter 11 bankruptcy rumors swirl
TheStreet71d agobearish
Struggling EV maker reels as Chapter 11 bankruptcy rumors swirl

Rumors used to die quietly. Now they move markets before a company can even pick up the phone, and the bill lands in your brokerage account long before the truth catches up. That is the tax every owner of a speculative stock pays, whether they budget for it or not. The electric vehicle business has ...

Tesla driver faces manslaughter charge after fatal crash
TheStreet78d agobearish
Tesla driver faces manslaughter charge after fatal crash

While Tesla is just beginning to experience the civil fallout from the fatal crash in a Houston, Texas, suburb last month, the driver of the vehicle is now facing legal consequences for his role. The Model 3 of Michael David Butler, 44, crashed into a home, killing a 76-year-old woman. Footage of ...

Rivian Stock Sinks as EV Maker Sells Shares to Raise Capital
The Wall Street Journal79d agobearish
Rivian Stock Sinks as EV Maker Sells Shares to Raise Capital

Shares of electric automaker Rivian are down 13% today after it disclosed plans to sell 75 million shares of common stock. Based on Rivian's share price Monday evening, when the move was announced, the sale would raise about $1.5 billion. The automaker said it plans to use the proceeds from a sale for "general corporate purposes," including equity requirements for a U.S. Department of Energy loan meant to support construction of its upcoming electric vehicle manufacturing facility in Georgia.

Popular Tesla investor blames Trump for Bitcoin crash
TheStreet84d agobearish
Popular Tesla investor blames Trump for Bitcoin crash

Popular Tesla (Nasdaq: TSLA) investor and Gerber Kawasaki Wealth & Investment Management CEO Ross Gerber doesn't mince his words, whether discussing Elon Musk's priorities or the crypto market. As it emerged that U.S. President Donald Trump made a profit of $1.2 billion ...

Chip Stocks Tumble Again
The Wall Street Journal84d agobearish
Chip Stocks Tumble Again

American employers added 57,000 new jobs last month, the Labor Department said Thursday. Memory stocks were particularly hard hit, with Sandisk falling 14.1% and Samsung Electronics declining 9.1% overnight.

Driver Charged With Manslaughter After Tesla Crashed Into Texas Home, Killing Woman Inside
The Wall Street Journal84d agobearish
Driver Charged With Manslaughter After Tesla Crashed Into Texas Home, Killing Woman Inside

A Texas man faces manslaughter charges after the Tesla he was driving crashed into a Houston-area home in June, killing a woman inside. Michael David Butler, 44, claimed to law-enforcement officials that his 2025 Tesla Model 3 was operating with its semiautonomous Full Self-Driving (Supervised) driver-assistance feature when it collided with the home in suburban Katy, Texas, on June 19. A woman inside the home, 76-year-old Martha Avila, died at an area hospital following the crash, according to court documents.

Tesla faces lawsuit from family of victim killed in Texas home crash
TheStreet91d agobearish
Tesla faces lawsuit from family of victim killed in Texas home crash

Tesla investors have placed a lot of eggs in the company's autonomous driving basket to justify its 338x trailing twelve-month price-to-earnings ratio. The S&P 500 currently has a TTMPE ratio of 32, according to Multpl. The company doubled down on its autonomous driving ambitions earlier this ...

Elon Musk’s Tesla Under Fresh Scrutiny As Texas Crash Victim’s Family Files Wrongful-Death Lawsuit, NTSB Opens Probe
Benzinga91d agobearish
Elon Musk’s Tesla Under Fresh Scrutiny As Texas Crash Victim’s Family Files Wrongful-Death Lawsuit, NTSB Opens Probe

Tesla Inc. (NASDAQ:TSLA) is facing fresh legal and regulatory challenges following the National Transportation Safety Board (NTSB) announcement that it will examine the fatal Texas crash that took place last week involving a Model 3 sedan. NTSB Announces Probe According to a report by Reuters on Wednesday, the agency said it will investigate the incident, which is already under scrutiny of the National Highway Traffic Safety Administration (NHTSA). The collision occurred in Katy, Texas and resul

SpaceX’s 32% crash may force Musk into radical move
TheStreet92d agobearish
SpaceX’s 32% crash may force Musk into radical move

Less than two weeks ago, SpaceX became the most valuable company ever to go public, raising $75 billion at a valuation north of $1.7 trillion and closing its debut session up 19%, according to CNBC. On June 22, SpaceX posted its worst single-day loss as a public company, plunging 16% to close at ...

Why a fatal crash threatens Tesla’s stock
TheStreet92d agobearish
Why a fatal crash threatens Tesla’s stock

Tesla’s (TSLA) latest federal safety probe isn't a routine crash investigation. It’s a test of one of the greatest assumptions still baked into Tesla’s stock: that the company can turn driver-assistance software into a business considerably more valuable than regular car sales. For years, Tesla has ...

Elon Musk And Tesla AI Chief Fire Back At Reports Linking FSD To Fatal Texas Crash As NHTSA Launches Probe
Benzinga92d agobearish
Elon Musk And Tesla AI Chief Fire Back At Reports Linking FSD To Fatal Texas Crash As NHTSA Launches Probe

Tesla Inc. CEO Elon Musk, as well as the company’s AI lead Ashok Elluswamy, on Monday denied claims that the Full Self-Driving (FSD) system was responsible for a fatal crash in Texas that resulted in the death of a woman. This Makes No Sense, Says Elon Musk In a post on X, Musk responded to a post by a user who criticized a report that said a Tesla driver claimed to have engaged driver assistance technology as the Model 3 vehicle crashed into a home in Katy, Texas, on June 19, which resulted in

Tesla stock tumbles amid new probe over fatal crash into Texas home
TheStreet93d agobearish
Tesla stock tumbles amid new probe over fatal crash into Texas home

Automotive execs tout automated driver assistance systems like Ford BlueCruise, General Motors Super Cruise, and Tesla Full Self-Driving (Supervised) as the ultimate key to unlocking safer roads. There were more than 40,000 motor vehicle-related deaths in 2023, according to the Insurance Institute ...