After setting off a furor that unsettled the markets and his own board, the Tesla chief talks about the pressure he is under and his struggle to cope.
NYT > Automobiles
It’s been three decades since cars’ internal networks got an update. With autonomous vehicles on the horizon, quick decisions will rely on a faster network.
The same traits that have made Mr. Musk a great entrepreneur also make him a potentially troublesome chief executive. Tesla’s board should act as a filter.
The government is investigating Tesla after Mr. Musk said he had secured funding to take the electric-car company private, causing its shares to soar.
Doctors and public health workers in San Francisco are preparing to track injuries from electric scooters and the other transportation services blossoming in the city.
The chief executive is said to have written his Twitter post last week in haste. But he said Monday he had Saudi financial backing for a buyout plan.
Mr. Musk’s statement that he had “funding secured” for a possible $70 billion buyout could get scrutiny from securities regulators and plaintiffs’ lawyers.
The proposal would freeze rules requiring cleaner, more efficient cars and unravel one of President Obama’s signature policies to fight global warming.
Elon Musk, the chief executive, said the electric-car maker was about to turn a corner with output of its mass-market Model 3, buoying company shares.
Mr. Marchionne, who merged the two carmakers, pulling them back from the brink of collapse, led the combined Fiat Chrysler until just a few days ago.
Major automakers on Wednesday reported lower U.S. new vehicle sales for July amid steep declines in passenger cars, except Fiat Chrysler Automobiles NV (FCA), which said its sales climbed 6 percent.
Andrew Wheeler, E.P.A. acting administrator, said the agency will enforce stricter pollution limits for so-called glider trucks built with older engines.
General Motors cited commodity prices, a sign that tariffs may be starting to hurt production. Ford and Fiat Chrysler pointed to weakness in China.
As President Trump prepares to unveil one of the largest regulatory rollbacks of his administration, his acting E.P.A. chief warns that the plan could be illegal.
Companies are trying out ways to digitize the traditional metal version, eliminating the need for stickers to mark it as up to date. The screen could also be used for advertising or alerts.
The carmaker already faced difficulties, including a reliance on the Jeep and Ram divisions and a limited presence in China, before it was forced to replace its chief executive, Sergio Marchionne.
The automaker wants to reopen pricing agreements with some suppliers for work already underway. It called the practice routine, but its shares fell.
The Tesla chief executive addressed a wide range of issues, including the search for a chief operating officer and his tweet that sent the company’s shares soaring.
Uber’s latest quarterly results indicate little change to its financial trajectory under Dara Khosrowshahi, who took over a year ago.
Tesla’s chief executive suggested that being a public company, beholden to shareholders, created perverse incentives for short-sellers.