Tesla Raises Money, Drones Get Certified, and More Car News This Week

Sometimes going back to the drawing board ain’t so bad. This week, Tesla shares took a much-needed hop as the company announced an effort to raise a small mountain of capital to keep the electric carmaker climbing. At first, the offering sat around $2.3 billion, but the company pushed it up to $2.7 billion amid investor enthusiasm. Drone companies, meanwhile, got hyped for the future, as a new certification from the FAA presented new opportunities—and new questions about how the government will regulate the autonomous flying delivery bots. Other times, the drawing board is less than great. Lyft will have to rethink its strategy in New York City, one of its largest markets, after a judge denied its petition objecting …

Teslas Disappointing Numbers and More Car News This Week

Allow me to get a bit philosophical here: History is only smooth in retrospect. Few earth-shaking shifts are inevitable. A few steps forward, some more back. Change only looks easy from a rocking chair. Which is all to say, it was a rocky week for electric vehicles, the motorized transports that are supposed to help us save the planet. Tesla underperformed in its first quarter production and delivery numbers, pulling that one-step-back routine after taking two steps forward in late 2018. The automaker attributed the discrepancy between vehicles produced and vehicles delivered to its overseas shipping operations, but that didn’t stop us from wondering: Is it possible that fewer people want to buy Teslas? WIRED also this week got a …

Elon Musk’s lawyers say tweet did not violate court order

Financial regulators said a tweet from the Tesla chief executive violated a September fraud settlement The conceded last month that Musks tweet was not pre-approved. But the tweet Musk fired off after the markets closed merely restated prior disclosures on electric car production volumes, the lawyers wrote on Monday, did not disclose material information and did not alter the mix of data available to investors. The settlement between Musk, Tesla and the SEC resolved an SEC lawsuit over claims Musk had made on Twitter last year that he had funding secured to take Tesla private at $420 per share. As part of that settlement, Musk stepped down as the companys chairman and he and Tesla agreed to pay $20m each …

Elon Musks Latest Tweets Land Him in Yet More Trouble

Never tweet. That’s the thrust of an SEC action taken late Monday, when the US securities watchdog requested that a federal judge hold Tesla CEO Elon Musk in contempt of court for a short series of tweets he posted last week. The SEC’s request stems from a February 19 posting from the Twitter-loving CEO, who wrote, “Tesla made 0 cars in 2011, but will make around 500k in 2019.” About four and a half hours later, Musk corrected himself, tweeting: “Meant to say annualized production rate at the end of 2019 probably around 500k, i.e. 10k cars/week. Deliveries for the year still estimated to be around 400k.” https://twitter.com/elonmusk/status/1098080063801585664 A regular schmo making a blooper on Twitter might be no big …

Elon Musk always takes the freeway instead of Waze shortcuts so he can use Autopilot

Just you, the open road, and Autopilot.Image: Tesla While making bold predictions about full self-driving cars during a podcast session with an investment firm this week, Tesla CEO Elon Musk also shared how he gets around – in a very Tesla way. In the conversation with ARK Invest — a Tesla shareholder that wrote a stern letter to Musk after he tweeted about taking Tesla private — Musk said Tesla vehicles would be capable of self-driving by the end of this year and that by the end of 2020 human drivers wouldn’t have to pay attention while the car drives and you could even take a nap until arriving to your destination.