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Musk, who has an estimated $20 billion fortune, and Tesla, a company that ended June with $2.2 billion in cash, each are paying $20 million to resolve the case, which stemmed from a tweet Musk sent on Aug. 7
Regulators claim the CEO's claims about having the funds to buy back his public company were not true.
The Big Falcon Rocket is scheduled to make the trip in 2023, SpaceX founder Elon Musk announced at an event Monday at its headquarters near Los Angeles.
Another executive departure, another controversy over the CEO's behavior, another stock drop -- another typical day at Tesla.
Insiders at Tesla confirm CEO Elon Musk does, in fact, want to take the company private again.
Electric car maker Tesla Inc. has delivered on its CEO's promise to build a lower-priced car at a rate of 5,000 per week by the end of June.
Last week, Elon Musk showed "CBS This Morning" co-host Gayle King the couch he sleeps on when he works late at his Tesla Model 3 factory. The internet was not pleased with the piece of furniture.
SpaceX's big new rocket blasted off on its first test flight after high wind kept it on the launch pad longer than expected.
The launch in the setting sun created a shining, billowing streak that was widely seen throughout Southern California and as far away as Phoenix.
Musk tweeted that there's still a lot of work needed to receive formal approval, but he's clearly used to the fast track.
SpaceX CEO Elon Musk says if things go according to plan people will be on Mars just nine years from now.
Tesla Motors said that worldwide orders for its new lower-priced Model 3 electric car have hit 325,000. CEO Elon Musk on Thursday added on Twitter that the number is still rising.
Tesla says it's "committed to being able to serve its customers in Michigan and is working with the legislature to accomplish that."
Tesla CEO Elon Musk says his company will eventually start making some of its electric cars in China.
A couple of innovative minds believe they know how to cut travel time drastically, using high-speed capsules racing through tubes – much like making a drive-through transaction at a bank.
Victor Wembanyama had 19 points, seven rebounds and six blocks, and the Spurs beat the Nets on Friday night.
The New York Knicks extended their winning streak to six games with a win over the Orlando Magic on Friday night.
The New Jersey Devils defeated the Carolina Hurricanes on Friday night.
A young man from Mauritania receives help settling into the city as he serves as a youth ambassador for others.
The New York attorney general's office released new police body-worn camera video Friday as part of its investigation into the fatal beating of an inmate upstate.
A young man from Mauritania receives help settling into the city as he serves as a youth ambassador for others.
The New York attorney general's office released new police body-worn camera video Friday as part of its investigation into the fatal beating of an inmate upstate.
In the hours ahead of Friday's Mega Millions drawing, the jackpot grew to $1.22 billion.
The father of Las Vegas Raiders defensive end Malcolm Koonce, who was wrongly imprisoned for almost a decade, had his guilty verdict vacated Friday.
Former NYPD chief Jeffrey Maddrey and his attorney held a press conference Friday for the first time since he resigned amid sexual misconduct allegations.
A very similar setup to Thursday will be underway Friday, with highs in the mid to upper 30s under mostly sunny skies.
The National Weather Service says snow depth in Central Park was 1 inch at 7 a.m. Christmas morning. That's the minimum amount of snow needed to make it officially a White Christmas.
Some light snow is moving through NYC and the surrounding New York and New Jersey area today, just in time for Christmas Eve.
New York City congestion pricing cleared late legal challenges in Manhattan and Rockland County, keeping it on track to start Jan. 5, 2025.
NYC is facing the coldest weather in a while, and New York and New Jersey could be in for a White Christmas with snow on the way.
Former U.S. Sen. Bob Menendez is asking a federal judge to delay his end-of-January sentencing on bribery charges.
The sinkhole that cratered a section of I-80 in New Jersey was caused by an abandoned mineshaft collapsing underneath the highway, state transportation officials say.
Authorities are distributing bottled water in Edison, N.J. after a water main break left thousands of residents without any to drink, bathe or cook with.
With congestion pricing set to start on Jan. 5, the MTA now says it has the right to hike the prices even more on gridlock alert days.
Crews are trying to repair a massive water main break that left thousands in Edison, New Jersey with little or no water pressure.
In the hours ahead of Friday's Mega Millions drawing, the jackpot grew to $1.22 billion.
With congestion pricing set to start on Jan. 5, the MTA now says it has the right to hike the prices even more on gridlock alert days.
A very similar setup to Thursday will be underway Friday, with highs in the mid to upper 30s under mostly sunny skies.
A Long Island father and son are having a Christmas like no other. They've just moved from a homeless shelter into their own apartment, thanks to Catholic Charities.
The National Weather Service says snow depth in Central Park was 1 inch at 7 a.m. Christmas morning. That's the minimum amount of snow needed to make it officially a White Christmas.
With congestion pricing set to start on Jan. 5, the MTA now says it has the right to hike the prices even more on gridlock alert days.
Former President Bill Clinton remains in "good spirits," a spokesman said.
New York City congestion pricing cleared late legal challenges in Manhattan and Rockland County, keeping it on track to start Jan. 5, 2025.
President Biden is granting clemency to 37 of the 40 federal inmates facing death sentences. Their sentences will be commuted to life in prison without the possibility of parole.
A report by the House Ethics Committee found former Rep. Matt Gaetz paid multiple women, including a 17-year-old girl, for sex.
A new course at Albert Einstein College of Medicine in the Bronx aims to help medical students understand the community they serve.
A woman who lost her jaw after being caught in a crossfire in Ukraine can smile again thanks to transformative surgery in New York.
Some 13 oz. bags of Lay's Classic Potato Chips may contain an undeclared allergen, according to the snack company.
New York Congressman-elect George Latimer expects "major pushback" to Robert F. Kennedy Jr.'s potential vaccine policy if he heads Donald Trump's Health and Human Services Department.
A breakthrough treatment is making a huge difference for stroke survivors, improving hand and arm function, and their quality of life.
A judge ruled that a woman who says she was raped by Jay-Z and Sean "Diddy" Combs when she was 13 can proceed anonymously, for now, in her lawsuit against the rap moguls.
Just shy of his 70th birthday, Denzel Washington has a new line to add to an already impressive résumé.
Sean "Diddy" Combs was back in federal court in Lower Manhattan on Wednesday for a pretrial hearing.
A spokesperson for Foxx said that he had to get stitches after he was hit in the face by a glass thrown from someone else in the restaurant.
Sean "Diddy" Combs filed a motion Friday to dismiss his appeal for bail, meaning he will stay in jail until his trial on sex trafficking charges in May 2025.
Victor Wembanyama had 19 points, seven rebounds and six blocks, and the Spurs beat the Nets on Friday night.
The New York Knicks extended their winning streak to six games with a win over the Orlando Magic on Friday night.
The New Jersey Devils defeated the Carolina Hurricanes on Friday night.
Greg Gumbel, the renowned CBS Sports anchor and commentator, has died of cancer at the age of 78.
Cam Johnson scored 29 points, Noah Clowney added 20 and the Nets rallied late for a 111-105 victory over the Bucks on Thursday night.
A young man from Mauritania receives help settling into the city as he serves as a youth ambassador for others.
In the hours ahead of Friday's Mega Millions drawing, the jackpot grew to $1.22 billion.
Nine people died in the crush of the crowd outside a celebrity basketball game at City College on Dec. 28. 1991.
Volunteers delivered 14,000 meals to older New Yorkers on Christmas Day.
People living in one Harlem apartment building say they are freezing as they await a new boiler system.
Dogs got decked out for the annual Tompkins Square Halloween Dog Parade in New York City's East Village on Saturday.
Cosplayers flooded New York City's Javits Center in October 2024 for the annual New York Comic Con convention.
Tens of thousands of people flooded Manhattan streets on June 2, 2024 for the 60th annual Israel Day on Fifth Parade.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
The 50th Annual Village Halloween Parade drew massive crowds, celebrating the theme "Upside/Down:Inside/OUT."
CBS News New York's Vanessa Murdock has your weather forecast for December 27 at 11 p.m.
New York had the second highest number of homeless people in the United States in 2024, at just over 158,000.
A murder suspect remains at large over 24 hours after stabbing a shelter employee to death in Brooklyn. As CBS News New York's Alecia Reid reports, it comes as murders in Brownsville are on the rise.
Former NYPD Chief Jeffrey Maddrey showed his face publicly Friday for the first time since he resigned last week amid allegations of sexual misconduct. As CBS News New York's Lori Bordonaro reports, he appeared with his attorney who called Maddrey's relationship with his accuser consensual.
Longtime CBS Sports broadcaster Greg Gumbel died Friday at age 78 after a battle with cancer. CBS News New York's Larry Ridley has a look at his extraordinary life and career.
