TX State Wire – Charm

Tesla profit plunges in latest quarter as Musk’s politics repels buyers

Cs news11 months ago11 months ago09 mins

NEW YORK (AP) — The fallout from Elon Musk’s plunge into politics a year ago is still hammering his Tesla business as both sales and profits dropped sharply again in the latest quarter. The car company that has faced boycotts for months said Wednesday that revenue dropped 12% and profits slumped 16% in the three…

Elon Musk faces dual court battles over Tesla’s Autopilot technology

Cs news11 months ago11 months ago09 mins

MIAMI (AP) — Elon Musk fought court cases on opposite coasts Monday, raising a question about the billionaire that could either speed his plan to put self-driving Teslas on U.S. roads or throw up a major roadblock: Can this wildly successful man who tends to exaggerate really be trusted? In Miami, a Tesla driver who…