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Report: Tesla Buyout Plans Draw Subpoena From SEC
The SEC opened an inquiry shortly after Musk surprised investors with an August 7 tweet revealing that he had lined up the financing to buy all the Tesla stock from shareholders willing to sell.
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The SEC opened an inquiry shortly after Musk surprised investors with an August 7 tweet revealing that he had lined up the financing to buy all the Tesla stock from shareholders willing to sell.
The electric car company said it lost more than $717.5 million in the second quarter. But it ended up with $2.2 billion in cash at the end of June.
They're worried that the looming phaseout of a $7,500 federal tax credit will put the cost of the car out of their reach.
A former employee hacked into computers at Tesla's Nevada battery factory, stole confidential information and combined it with falsehoods in leaks to the media, the electric car maker alleged in a federal lawsuit.
The National Transportation Safety Board is sending an investigator look into a Tesla battery fire in Southern California.
Authorities say a Tesla sedan in Autopilot mode has crashed into a parked police cruiser in Southern California.
A Tesla that crashed while in Autopilot mode in Utah this month accelerated in the seconds before it smashed into a stopped firetruck, according to a police report obtained by The Associated Press. Two people were injured.
A driver was lucky to escape injury after colliding with a bear that wandered onto an Oregon highway.
The vehicle in a fatal crash last week in California was operating on Autopilot according to the automaker.
California's Olympic Valley plans to enlist Tesla's help in its push to reduce greenhouse gas emissions.
Tesla Motors fired hundreds of workers after completing its annual performance reviews, even though the electric automaker is trying to ramp up production to meet the demand for its new Model 3 sedan.
A sunny stretch of Interstate Highway 580 may have led a bus carrying Tesla employees to fatally rear-end the car of an Alameda County sheriff's deputy on Friday.
Tesla Motors says it has agreed to buy a German engineering company to help automate its electric car manufacturing.
It was the crash the auto industry knew was coming but still feared.
Demand for Tesla's new Model 3 has been eye-popping, with consumers pre-ordering about $13.7 billion worth of the electric sedans nearly two years before they go on sale.
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.
Worldwide orders for the new lower-priced Tesla electric car hit 276,000 over the weekend, surprising even the company's CEO, who says it may force Tesla to open another factory.
The orders came from across the globe even though the car isn't scheduled for sale until late in 2017. But they could jeopardize a $7,500 U.S. electric car tax credit that many buyers are counting on to reduce the price that gradually phases out after a company hits 200,000 in U.S. sales.
CBS 2's Vince Gerasole has a look at the latest luxury car for your toddler.
The majority leader of the Connecticut Senate says he'll introduce legislation that would allow electric vehicle manufacturers, including Tesla Motors, to sell cars directly to consumers.
Tesla says it's "committed to being able to serve its customers in Michigan and is working with the legislature to accomplish that."
Tesla is unveiling an overnight wireless software upgrade for its cars. Wake up and watch out on the drive to work. No hands, no problem.
California lost out last year in a heated bidding war for the company's $5 billion battery factory. Brown said then that he didn't think what Tesla sought would be fair to taxpayers. Nevada won after offering $1.3 billion in tax breaks.
The Tesla credit would offset taxes for the Fremont, California.-based company to buy manufacturing, research and development equipment, buy property and hire 4,400 workers.
A wind-driven fire has burned about 300 acres near the Lake and Colusa county line on Saturday afternoon, Cal Fire says.
A portion of the Sierra in El Dorado County is under a Flash Flood Warning due to brief heavy rain and lightning on Saturday afternoon.
A suspect wanted in a burglary of a Sacramento business has been detained after he barricaded himself in a big rig on Saturday afternoon, police said.
The authorization does not mean a strike will happen immediately and both sides could reach a deal. If a strike does happen, it would be the first at Disneyland in 40 years.
The cosmos is providing a full moon for the 55th anniversary of the first lunar landing this weekend, and plenty of other events honor Neil Armstrong and Buzz Aldrin's giant leap.
A portion of the Sierra in El Dorado County is under a Flash Flood Warning due to brief heavy rain and lightning on Saturday afternoon.
A home invasion turned quickly into a trip to the hospital for a 29-year-old suspect, not yet identified by police, when he came face-to-face with a father whose protective instincts kicked right in.
A first-of-its-kind city ordinance aims to help the South Lake Tahoe community be safer and more fire resilient.
A wind-driven fire has burned about 300 acres near the Lake and Colusa county line on Saturday afternoon, Cal Fire says.
A suspect wanted in a burglary of a Sacramento business has been detained after he barricaded himself in a big rig on Saturday afternoon, police said.
Weeks after the City of Sacramento said it was cracking down on illegal backyards, CBS13 has learned it has not even started taking any action.
We got a look at some newborns on display at the Sacramento Zoo and how a baby boom there could help protect some species from extinction.
A man and child died in a fire at an apartment complex in south Sacramento, officials said Monday.
On this first day of the Republican National Convention, Donald Trump supporters are in solidarity like never before.
Thousands of music fans braved the heat to help celebrate the opening of a new outdoor Sacramento concert venue. Here's a look at the site and what's being done to keep people cool.
A new team of young volunteers is being trained to help reduce the threat of wildfires and respond when they grow out of control.
A new artificial turf surface at the Oakland Athletics' temporary home in Sacramento will have a hydration element because of summer heat at the open-air ballpark.
Banking services from Patelco Credit Union halted following a ransomware attack have been mostly restored although questions about customers' personal information remained.
Convicted murderer Scott Peterson is back in court on Tuesday in a new effort to prove his innocence.
California Gov. Gavin Newsom has signed a law barring school districts from passing policies requiring schools to notify parents if their child asks to change their gender identification.
Max Schuemann hit a three-run homer, JJ Bleday and Shea Langeliers both added two-run shots and the A's beat the Angels 13-3 Friday night
Jake Cave hit a go-ahead three-run home run in the eighth inning in the Rockies' 7-3 victory over the Giants on Friday night.
A's executive Sandy Dean has told the Las Vegas Stadium Authority that the club does not expect to spend the entire $380 million in public money allocated to build a new stadium.
The Athletics have announced their 2025 regular season schedule, giving fans a game plan for the incoming spectacle of MLB games at Sutter Health Park.
Mayor Anne Hidalgo declared the Seine river "exquisite" after taking a long-promised dip to show its water is safe for the Paris Olympics.
Although Donald Trump vows to bring U.S. prices down "very quickly," some economists say his policies could rekindle inflation. Here's what to know.
The University of California Board of Regents are banning employees from posting political statements on the homepages of university websites, saying such comments could be interpreted as the university's official view.
Many questions remain about the possible motive and political views of the 20-year-old who tried to assassinate former President Donald Trump.
Former President Donald Trump is slated to accept the GOP's nomination for president on the fourth and last day of the Republican National Convention.
About 1 in 10 people with student loans have gotten debt relief, according to the Biden administration.
At least 36 have been hospitalized after eating the mushroom "edibles."
Growing share of Americans say they have skipped medical care or getting prescription drugs because of the cost.
14 students from a Tokyo high school were rushed to a hospital after eating chips marketed as "so spicy that they might cause you pain."
A UC Davis researcher spoke about what causes heart failure, what fixes it, and how that could be different for men and women.
Nationwide, the CDC says the COVID virus level in wastewater is now "high" for the first time since last winter.
The Sears department store in Stockton, a longtime staple of the community, will be closing next month.
Neighbors in Sacramento's Land Park say that in the battle over retail theft statewide, law enforcement officials and retail giant Target have worked to clean up a store location on Riverside Boulevard that had become overwhelmed by crime.
A new California law is designed to protect consumers against excessive or undisclosed costs on purchases. However, Gov. Newsom signed a last-minute exemption for the restaurant industry.
The SUV was supposed to be shipped from Idaho to Yuba City within three days. The dealer kept changing the delivery date, blaming a shipping issue. With his baby's due date approaching, Deandre Hobbs grew impatient.
Popular restaurant chain Rubio's Coastal Grill announced it was shuttering dozens of locations across the state, and now employees say they are having trouble cashing their final paychecks.
It was an emotional day in court for many who lived through the shootout and Abril's later escape.
Instead of facing trial for attempted murder, the Pasadena doctor accused of trying to kill his wife and kids by driving their Tesla off a cliff was released on Monday.
Emails obtained by CBS News California Investigates reveal the Governor's Chief of Staff did not want to negotiate with the initiative coalition unless they agreed to postpone their ballot measure until 2026.
Amid concerns that some felony defendants could be misusing California's Mental Health Diversion Court to have their violent crimes dismissed, a CBS News California investigation found that there is no reliable data to indicate how successful the state program is.
In response to a CBS News California Investigation, California lawmakers are demanding answers from Caltrans and considering legislation to fix Caltrans' damage claim process.
Sizzling hot temperatures are cooking much of the Sacramento Valley and Northern California this week, so it is only natural to reach for the thermostat to flip on your air conditioner for some cooling and comfortable relief.
Laura Allen says after months of trying to get her father's military service records from the Veterans Administration, she still didn't have them.
At least one DoorDash customer says he will only use the delivery app when he is hungry - and not for electronics.
As more and more Americans struggle to save money these days, we found a 45-day challenge to save $1,000.
The SUV was supposed to be shipped from Idaho to Yuba City within three days. The dealer kept changing the delivery date, blaming a shipping issue. With his baby's due date approaching, Deandre Hobbs grew impatient.
A wind-driven fire has burned about 300 acres near the Lake and Colusa county line on Saturday afternoon, Cal Fire says.
Mandatory evacuations were issued after two fires broke out in Placer County on Friday evening.
Three homes were destroyed in a fire that burned more than 100 acres in San Joaquin County on Friday afternoon, Cal Fire said.
Jessie Fischer's Airbnb rental off Highway 140 was one of those homes flattened by the fire on the Fourth of July.
The Pay Fire in El Dorado County that broke out Saturday afternoon got dangerously close to multiple neighborhoods, but firefighters were able to stop it from destroying any homes.
More than one hundred customers came out to celebrate the grand reopening of a restaurant that's been around for seven decades.
Pursuing higher education can be challenging for any college-bound student and for former foster youth, doing it alone can seem impossible.
A celebration at Sacramento Charter High on Thursday as college-bound seniors announced their campus of choice and 95% were accepted into four-year schools.
A bank employee in Lodi has some big bragging rights. He's never missed a day of work in his 47 years on the job and now he's getting ready to retire.
Meet Frannie the dog, Instagram's newest fitness influencer.
A portion of the Sierra in El Dorado County is under a Flash Flood Warning due to brief heavy rain and lightning on Saturday afternoon.
More than one hundred customers came out to celebrate the grand reopening of a restaurant that's been around for seven decades.
A driver is dead and alcohol and speed are suspected to be a factor in a crash near Placerville on Thursday night, the California Highway Patrol said.
California's high-speed rail program is being showcased at the California State Fair.
A first-of-its-kind city ordinance aims to help the South Lake Tahoe community safer and more fire resilient.