Tesla - Page 3

The High Cost of Going Green: Hertz Blames Profit Miss on Dismal Tesla Resale Value, Sky High Repair Costs

Rental car giant Hertz hit a huge speed bump with its profitability, and its blaming the ill-advised choice to go green with Elon Musk’s electric cars. The company is blaming its recent quarterly profits miss on Tesla’s price cuts and unexpectedly high EV repair costs, which both caused big problems due to Hertz’s decision to build a large fleet of Tesla vehicles.

Elon Musk

SEC Seeks to Force Elon Musk Testimony on Pre-Buyout Twitter Share Purchases

Elon Musk, the billionaire CEO of Tesla, finds himself once again in the crosshairs of the SEC over his Twitter stock purchases before he eventually bought the entire company. The SEC is attempting to force Musk to provide testimony to their investigation, claiming that he has been dodging their attempts to get his side of the story.

Elon Musk (Win McNamee/Getty Images; BNN)

Comrade Elon: Musk’s Tesla Slashes Prices in China Despite Promising to Uphold ‘Core Socialist Values’

In a desperate attempt to stay competitive in the Chinese market, Elon Musk’s Tesla has announced a price cut of 14,000 yuan ($1,900) for its two higher-end Model Y vehicles. The price reduction is seen as the latest move in an ongoing price war that has been affecting the electric vehicle (EV) industry in China. Tesla previously promised to uphold the “core socialist values” of communist China in an attempt to cool down the price war with local competitors.

Tesla CEO Elon Musk (C) poses for photos with buyers during the Tesla China-made Model 3 D