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Tesla has asked some of its suppliers for refunds in order to help it reach its profitability goal, the Wall Street Journal reported over the weekend, citing a memo sent to a supplier last week.
Tesla attacked the lawsuit as a "disingenuous attempt to secure attorney's fees posing as a legitimate legal action". [105] On May 19, 2018, Tesla reached an agreement to settle the class-action lawsuit. Under the agreement, class members, who paid to get the Autopilot upgrade between 2016 and 2017, will receive between US$20 and $280 in ...
The problem affected older Model S and X vehicles built until 2018.In an email to owners of such vehicles, Tesla said that it would refund the repair expenses for MCU failures paid out-of-pocket ...
The firms asked McCormick in March to approve a "conservative" fee of 11% of the stock that Musk would have gotten if he had won the case. ... That would suggest Tesla is on the hook for a fee of ...
Tesla subsequently claimed that - based on the details of the test - it actually achieved 5.4 stars, prompting the NHTSA to release a statement reaffirming that it does not award more than five stars, and that Tesla was "misleading the public" by claiming in their marketing that the NHTSA had awarded them a higher rating. [211] [212]
Tesla, Inc. (/ ˈ t ɛ s l ə / ⓘ TESS-lə or / ˈ t ɛ z l ə / TEZ-lə [a]) is an American multinational automotive and clean energy company. Headquartered in Austin, Texas, it designs, manufactures and sells battery electric vehicles (BEVs), stationary battery energy storage devices from home to grid-scale, solar panels and solar shingles, and related products and services.
Tesla's Elon Musk denied reports that he demanded to be CEO of Apple when discussing a potential sale of the automaker with Tim Cook in 2016.
Following Musk's statement that "Tesla does not need to ever raise another funding round" in 2012, [20] TSLAQ and others argue Tesla has had a total negative cash flow of over $8 billion and subsequently raised over $18 billion in additional debt and equity via subsidies and other means. [21]