Latest News Updates From Dana Hull

BusinessTechnologyLogistics

Musk Blindsided Tesla Staff With Store Wind Down, Sources Say

Tesla Inc. CEO Elon Musk caught many employees by surprise with his announcement last week that the electric-car maker would close most stores and shift to online-only sales, according to three people familiar with the matter.

March 5, 2019
BusinessTechnologyLogistics

Tesla鈥檚 Elon Musk Touts Model Y Event as Questions About Company Linger

Elon Musk said March 3 that Tesla will unveil its Model Y crossover in less than two weeks, as questions about store closures, employee layoffs and demand in the wake of waning U.S. federal tax credits threaten the company鈥檚 growth narrative.

March 4, 2019
GovernmentBusinessTechnologyLogistics

Tesla Racing to Get Model 3s to China Before Potential Tariff Hike

Tesla Inc. is loading as many Model 3 sedans as it can onto vessels destined for the People鈥檚 Republic ahead of March 1, when a trade-war truce between presidents Donald Trump and Xi Jinping is scheduled to expire.

February 13, 2019
BusinessTechnology

Tesla Cuts Model 3 Price for Second Time This Year

Tesla Inc. is cutting the price of its Model 3 sedan for the second time this year, citing the end of a customer-referral program that was a more costly incentive than the company realized.

February 6, 2019
BusinessTechnology

Tesla CFO Steps Down for Second Time

Tesla CEO Elon Musk revealed Chief Financial Officer Deepak Ahuja will retire a second time, reinforcing Tesla鈥檚 reputation for having an active revolving door of top executives.

January 31, 2019
GovernmentBusinessTechnologyAutonomous

Tesla Sinks After Cutting Model 3 Price as Deliveries Disappoint

Tesla Inc. plunged in early trading Jan. 2 after delivering fewer Model 3 sedans than analysts expected in the fourth quarter and cutting prices to partially make up for the federal tax credit that鈥檚 been halved in the U.S.

January 2, 2019
BusinessTechnology

Tesla Adds Larry Ellison, Kathleen Wilson-Thompson to Board in SEC Deal

Tesla Inc. added Larry Ellison and Kathleen Wilson-Thompson to its board, fulfilling the terms of the settlement reached with U.S. securities regulators over its CEO鈥檚 problematic posts about taking the company private.

December 28, 2018
BusinessTechnologyLogistics

Tesla Has Bought Trucking Companies to Boost Deliveries, Elon Musk Says

Elon Musk apparently is charting his way out of what he鈥檚 referred to as 鈥渄elivery logistics hell鈥 by making acquisitions and lining up contracts with trucking haulers.

November 15, 2018
BusinessTechnologyEquipmentAutonomous

Tesla Fills Elon Musk鈥檚 Chairman Role With Board Member Robyn Denholm

Tesla Inc. appointed a director who鈥檚 been on its board for years to replace Elon Musk as chairman, stirring suspicion as to whether the mercurial CEO will be restrained after costly run-ins with securities regulators.

November 8, 2018
BusinessTechnologyAutonomous

Tesla Profit Blowout Reverses Much of Elon Musk鈥檚 Damage to Stock

Tesla Inc. blew away expectations with just the third quarter of positive earnings in its history, bolstering Elon Musk鈥檚 bid to make selling electric cars a financially sustainable business.

October 25, 2018