Tesla Board Evaluating Elon Musk's Bid To Take Company Private
Board members at Tesla are evaluating CEO and Chairman Elon Musk's $72 billion proposal to take the electric car and solar panel maker private.
Board members at Tesla are evaluating CEO and Chairman Elon Musk's $72 billion proposal to take the electric car and solar panel maker private.
Elon Musk took to social media Tuesday, sending a jolt to Wall Street by tweeting he was considering taking Tesla private at $420 a share.
Tesla posted an email to employees from CEO Elon Musk on Tuesday afternoon. About three hours earlier, Musk started a firestorm when he tweeted that he had secured funding to take the company private.
A former Tesla Inc. employee at the electric car maker's battery plant in Nevada is seeking at least $1 million in defamation damages.
Tesla burned through $739.5 million in cash last quarter as it geared up a factory to crank out more electric cars, leading to a $717.5 million net loss.
Wednesday, investors will get to find out the potential consequences to meeting that production goal.
Shares of Tesla tumbled Monday on reports that the company asked suppliers for refunds to help it turn a profit.
There's new trouble for Tesla and its Model 3 sedan. Refunds from pre-orders are now outpacing deposits.
Keith Reynolds flew from California to Atlanta so he could claim his spot in line at 4 a.m., and get a three-hour head start on his West Coast competitors for a Tesla Model 3.
Elon Musk has apologized for calling one of the men involved in the Thai cave rescue mission a "pedo."
Once again, Elon Musk is in the middle of a controversy of his own making. And he may be testing investors' patience.
Vern Unsworth says he is considering legal action against US billionaire Elon Musk after he made an unfounded and disparaging claim he was a "pedo", or pedophile, in a now-deleted tweet.
Billionaire tech entrepreneur Elon Musk broadcast to his 22 million social media followers on Sunday an unfounded and disparaging claim about an expert caver who criticized a miniature submarine he made.
Tesla Inc. says its customers won't get the full $7,500 federal electric vehicle tax credit after Dec. 31.
A former Tesla employee who calls himself a whistleblower has filed a formal tip with the Securities and Exchange Commission that alleges Elon Musk's electric car start-up misled investors and put its customers at risk.
Bay Area electric car producer Tesla says it will build its first factory outside the United States in Shanghai.
Musk tweeted late Sunday that Tesla's team produced 7,000 cars in seven days.
After missing two previous production goals, Musk has told investors the company will be making 5,000 Model 3s per week by about this time of year.
A Tesla Model S electric car that crashed and burned last month in Florida, killing two teenagers, was traveling 116 miles per hour three seconds before impact and only slowed to 86 mpg as the air bags were inflated, according to federal investigators.
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 suit was filed Wednesday, three days after CEO Elon Musk warned employees of sabotage from within the company.
Tesla's attempt to ramp up Model 3 production may have hit a new stumbling block --- employee sabotage at its Fremont plant.
Autopilot Buddy, a simple device designed to fool Tesla's Autopilot into thinking the drivers' hands are on the wheel, is unsafe, the National Highway Traffic Safety Administration said Tuesday.
Actress Mary McCormack posted a video on Twitter showing her husband's Tesla on fire on Santa Monica Blvd.
Electric car maker Tesla Inc. is laying off about 3,600 white-collar workers as it slashes costs in an effort to become profitable.
Dungeness crab from the California coast won't be on the menu for yet another Thanksgiving, after California wildlife officials announced a delay to the commercial crab fishing season.
Authorities in the East Bay recently collaborated on a retail theft crackdown against thieves targeting Walnut Creek stores that led to sex arrests earlier this month, according to the California Highway Patrol.
A man linked to at least seven robberies outside Bay Area casinos in 2022 has been convicted on multiple felony charges, Attorney General Rob Bonta announced Friday.
The most recent peregrine falcon to hatch atop UC Berkeley's famous Campanile bell tower died this week of an unknown illness just days after being released back into the wild following surgery for a broken wing.
Phil Lesh, bassist and founding member of The Grateful Dead, died surrounded by his family, a post on his Instagram said.
Dungeness crab from the California coast won't be on the menu for yet another Thanksgiving, after California wildlife officials announced a delay to the commercial crab fishing season.
Authorities in the East Bay recently collaborated on a retail theft crackdown against thieves targeting Walnut Creek stores that led to sex arrests earlier this month, according to the California Highway Patrol.
A man linked to at least seven robberies outside Bay Area casinos in 2022 has been convicted on multiple felony charges, Attorney General Rob Bonta announced Friday.
The most recent peregrine falcon to hatch atop UC Berkeley's famous Campanile bell tower died this week of an unknown illness just days after being released back into the wild following surgery for a broken wing.
Phil Lesh, bassist and founding member of The Grateful Dead, died surrounded by his family, a post on his Instagram said.
More than a dozen vehicles linked to a series of sideshows on the Bay Bridge last month have been seized by the California Highway Patrol, officers announced Friday.
A pedestrian suffered life-threatening injuries after being struck by a vehicle in San Francisco's Western Addition neighborhood on Friday morning, according to police.
The race for San Francisco's Supervisorial District 7 has four contenders, including incumbent Myrna Melgar, who will take on business owner Matt Boschetto, San Francisco firefighter Stephen Martin-Pinto and thoracic surgeon Edward Yee.
A Honduran national suspected of being involved in the distribution of fentanyl in the Bay Area was extradited to the U.S. this week to face drug dealing charges, federal prosecutors said Thursday.
BART police on Thursday confirmed the recent arrest of a vandalism suspect who did over a half a million dollars worth of damage by allegedly smashing the new glass canopies at the San Francisco Market Street station entrances.
Authorities in the East Bay recently collaborated on a retail theft crackdown against thieves targeting Walnut Creek stores that led to sex arrests earlier this month, according to the California Highway Patrol.
A man linked to at least seven robberies outside Bay Area casinos in 2022 has been convicted on multiple felony charges, Attorney General Rob Bonta announced Friday.
The most recent peregrine falcon to hatch atop UC Berkeley's famous Campanile bell tower died this week of an unknown illness just days after being released back into the wild following surgery for a broken wing.
A terrible crash involving three vehicles on northbound Interstate 680 in Walnut Creek Friday morning closed lanes in both directions, causing major traffic back-ups in the East Bay.
Exactly 80 years to the day after the Port Chicago 50 were wrongfully convicted, a new monument was unveiled on Yerba Buena Island on Thursday, where their trial took place.
The San Jose Sharks made some unfavorable history Thursday night, having failed to win any of their first eight games in consecutive seasons after a 3-2 loss to the Los Angeles Kings.
A new Costco is set to be built in West San Jose, but residents living by the approved project believe the store's positives will be like its business model and only benefit members.
For Carmen Hernandez, the bustling sounds of the hallway are a constant reminder of a dream she had to put on hold two decades ago.
San Jose crews knocked down a two-alarm fire at a commercial structure in the city's downtown area Thursday morning, according to fire officials.
A 43-year-old Prunedale man was sentenced to 10 years in prison for the death of his daughter in 2023, Monterey County prosecutors announced.
A man was arrested Monday for allegedly starting a brush fire along the Great Redwood Trail in Ukiah, police said.
Police in Santa Rosa arrested a 16-year-old male student Thursday afternoon at the Elsie Allen High School campus after he was allegedly found with a firearm and ammunition, authorities confirmed.
A Santa Rosa man was allegedly found with a large amount of money and cocaine this week, the Sonoma County Sheriff's Office said Thursday.
A Vacaville member of the Hells Angels motorcycle club pleaded guilty Tuesday to being a felon in possession of ammunition, U.S. Attorney Phillip Talbert announced.
In the city of Napa, a group of anti-abortion activists seem to be embracing the old advice, "keep your friends close, but your enemies closer."
Golden State's blowout win at Portland on Wednesday got a little better on Thursday.
The San Jose Sharks made some unfavorable history Thursday night, having failed to win any of their first eight games in consecutive seasons after a 3-2 loss to the Los Angeles Kings.
The revival of the bitter rivalry between the San Francisco 49ers and Dallas Cowboys comes as both teams are struggling and badly needing a win to right the ship.
Stephen Curry had 17 points, 10 assists and nine rebounds before sitting for the fourth quarter, and the Golden State Warriors opened the season with a 139-104 rout of the Portland Trail Blazers.
Troy Terry and Leo Carlsson scored Anaheim's first power-play goals of the season, Lukas Dostal made 27 saves and the Ducks kept San Jose winless with a 3-1 win over the Sharks.
Authorities in the East Bay recently collaborated on a retail theft crackdown against thieves targeting Walnut Creek stores that led to sex arrests earlier this month, according to the California Highway Patrol.
A man linked to at least seven robberies outside Bay Area casinos in 2022 has been convicted on multiple felony charges, Attorney General Rob Bonta announced Friday.
More than a dozen vehicles linked to a series of sideshows on the Bay Bridge last month have been seized by the California Highway Patrol, officers announced Friday.
A man was arrested Monday for allegedly starting a brush fire along the Great Redwood Trail in Ukiah, police said.
A Honduran national suspected of being involved in the distribution of fentanyl in the Bay Area was extradited to the U.S. this week to face drug dealing charges, federal prosecutors said Thursday.
It's a new twist on travel. No gas or plug is required. All the car needs is a tankful of sunshine.
Chipotle plans to deploy a conversational AI hiring system, dubbed "Ava Cado," across more than 3,500 restaurants.
Two people operating an electronic repair shop in the South Bay have been arrested on multiple charges after allegedly selling stolen laptops from their store.
Meta says it has laid off some employees, including staff at WhatsApp And Instagram, to realign its resources with its "strategic goals.".
The lead prosecutor in the trial of Nima Momeni for the deadly stabbing of Cash App executive Bob Lee gave their opening statement Monday, telling jurors, "you are sitting in court with a murderer" while calling the accused an "overprotective wannabe tough guy."
A notice to Costco customers urges them not to consume some packages of salmon over concerns it could be contaminated with listeria.
Decision to cut topping comes as officials work to confirm source of E. coli outbreak linked to McDonald's Quarter Pounders.
McDonald's said it believes onions may be to blame for the deadly E. coli outbreak linked to its Quarter Pounder.
In the city of Napa, a group of anti-abortion activists seem to be embracing the old advice, "keep your friends close, but your enemies closer."
McDonald's has stopped selling the popular product in some states as an investigation into the cause of the bacteria continues.
Exactly 80 years to the day after the Port Chicago 50 were wrongfully convicted, a new monument was unveiled on Yerba Buena Island on Thursday, where their trial took place.
President Biden in Arizona issued a formal presidential apology for the atrocities committed during a 150-year era of forced federal Indian boarding schools.
Registered voters in California will be weighing in 10 statewide propositions and will select their next U.S. senator in the 2024 election.
Thirteen more members of the Trump administration penned an open letter backing up former White House chief of staff John Kelly's assertion that Trump fits the definition of a fascist.
A war of words between Rep. Eric Swalwell and Alameda County District Attorney Pamela Price has heated up, with the congressman threatening a lawsuit over "malicious" statements about his past as a prosecutor in the DA's office.
A jury in Santa Clara County on Wednesday convicted a Milpitas man of murder for killing his transgender partner in 2021, prosecutors said.
On Tuesday, the battle for LGBT rights took a new turn when the Pentagon announced that it was proactively changing the discharge status to "honorable" for hundreds of service members expelled for being gay during the "don't ask, don't tell" era.
John Ramos reports on the Pentagon announcing it will change the discharge status to "honorable" for hundreds expelled during "don't ask, don't tell" era.
An honorable discharge status unlocks access to critical benefits that some veterans may have been missing out on for decades.
In the heart of San Francisco's Castro District, Antonio Castellanos is redefining a beloved Mexican tradition with a bold new vision for representation.
Phil Lesh, bassist and founding member of The Grateful Dead, died surrounded by his family, a post on his Instagram said.
The Bottom of the Hill has teamed up with SF Live to present a free Halloween-themed punk-rock party Saturday afternoon at McLaren Park with Austin, TX-based band Die Spitz, local favorites Nobody's Baby and more.
A suit against Roman Polanski over the alleged rape of a minor in 1973 has been settled, both sides say. He fled the U.S. decades ago after admitting to the statutory rape of a 13-year-old.
Celebrating its eleventh anniversary, local psychedelic glam/stoner-metal group Glitter Wizard's annual Hallorager party takes over Eli's Mile High Club Saturday night with four bands performing "in costume."
Los Angeles County District Attorney George Gascón is holding a Thursday afternoon news conference to announce his decision regarding the potential resentencing of the Menendez brothers.
Ever since the COVID-19 pandemic, the Oakland Unified School District has seen an alarming spike in the number of unhoused students in the school system who deal with a host of challenges far beyond what most children face.
Meteorologist and CBS News Bay Area's resident pilot Lt. Jessica Burch got a treat during Fleet Week, taking to the skies with one of the Blue Angels.
A Bay Area man discovered his devastating loss left him with a new opportunity to rethink how he lives -- follow his journey in virtual reality, 360-degree video.
A groundbreaking medical study involving the UCSF Medical Center has shown some colorectal cancer patients can safely skip radiation treatment and enjoy a potentially higher quality of life.
Every day, San Francisco bar pilot Captain Zach Kellerman goes through what might just be the world's most dangerous commute.
CBS News Bay Area afternoon headlines for Friday, Oct. 25, 2024. Watch full newscasts streamed at the CBS SF website or on the app.
Nicole Sganga reports on campaign events ramping up for Vice President Kamala Harris and former President Donald Trump.
Exactly 80 years to the day after they were wrongfully convicted, the Port Chicago 50 have a new tribute on Yerba Buena Island, where their trial took place. Kenny Choi reports.
Andrea Nakano reports on the deadly apartment fire in San Pablo last weekend that has now taken the lives of a 22-year-old and a teenager.
Jessica Burch looks at the probability of wet weather by the weekend.
With hate crimes on the rise in the U.S., a pair of Oakland women have been equipping people with self-defense tools for free.
If a picture is worth a thousand words, what are two million photos worth? A history of Asian Americans in the Bay Area, for this week's Jefferson Award winner.
While stroke rehabilitation is often a difficult road, a South Bay couple is providing local patients some valuable support.
For nearly 50 years, a Vietnam veteran from San Francisco has served as a national champion for military veterans.
A beloved 88-year-old volunteer shows there's power in reading to children and her giving ways are an example for all ages.
A Bay Area man who overcame tremendous obstacles to excel in school has made it his mission to gear up other students for success in the classroom and in life.
For Students Rising Above scholar Josh Collins it took moving across the country to realize the value of his Bay Area family.
Samir Hooker had to grow up fast after his stepfather was shot dead 12 years ago. Now he is watching over his mom and sister while attending UC Berkeley.
It's hard enough to graduate from one of the most prestigious schools in the country when you're the first in your family to go to college. Imagine doing that while you're also trying to protect your parents from being deported?
Some students who are the first in their families to go to college face the challenge of balancing a rigorous academic load while still working to help support their family back home.