Elon Musk News
Musk Paid Nearly $1M by Tesla for His Controversial D&O Insurance Arrangement
Tesla Inc. is making a one-time payment of almost $1 million to Chief Executive Officer Elon Musk related to a controversial insurance arrangement he agreed to with the carmaker's board earlier this ...
Tesla Founder Musk Cancels Company’s D&O Cover, Pledging to Replace With ‘Personal Coverage’
Tesla founder and CEO Elon Musk is getting into the insurance business again, sort of. Musk has cancelled his company's directors and officers insurance (D&O), replacing it with a promise to ...
AIG Risks Liability in Elon Musk Defamation Case
Insurance giant American International Group Inc. may get wrapped up in a defamation case involving billionaire Elon Musk, who has told lawyers representing the British cave diver suing him that he's ...
Tesla Faces a ‘Code Red’ as Shares Plunge, Profitability Challenges Mount
Tesla Inc. shares plunged below $200 for the first time in more than two years on concerns the carmaker faces a "Kilimanjaro-like uphill climb" to hit profitability goals in the second half of the ...
‘I Worry Much More About Progressive’ Than Tesla, Buffett Says
Berkshire Hathaway Chair Warren Buffett said he isn't worried about recent assertions by Tesla Chief Executive Elon Musk that the electric car maker could offer a more compelling insurance product ...
Markel Subsidiary State National Will Front Tesla’s New Insurance Venture
Elon Musk's Tesla plans to launch its own insurance product for Tesla drivers, which will be fronted by Markel Corp.'s subsidiary, State National. Markel's Co-Chief Executive Officer Richard R. Whitt ...
Tesla Plans $2B Offering After Elon Musk Overstates Company’s Cash Generation Abilities
Tesla Inc. plans to raise about $2 billion through debt and stock offerings, after Elon Musk overestimated the ability of the Model 3 sedan to generate enough cash for the company to be ...
Analyst Slams Tesla’s Performance; Says Focus on Insurance, Robotaxis Is Distraction
Tesla Inc.'s latest first quarter was "one of top debacles" ever seen in 20 years of covering tech stocks on the Street, Wedbush analyst Daniel Ives said on Thursday. The analyst said the company's ...