• New whistleblower claims against Tesla allege drug trafficking, theft and phone hacking coverup

    1 month ago - By Tech Crunch

    Employees at Tesla's Nevada gigafactory were allegedly involved in a massive drug ring, stole $37 million worth of precious metals and equipment, and illegally spied on former employees at the behest of chief executive Elon Musk, according to a new whistleblower complaint filed against the company.
    First reported by Jalopnik , the complaint is only the latest in a string of damaging news stories that have erased millions in value for Tesla shareholders and could cast the future of the company's celebrity chief executive, Elon Musk, into doubt.
    It's also the second whistleblower claim filed...
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  • Tesla employees say the main Model 3 production line has been shutting down early

    Tesla employees say the main Model 3 production line has been shutting down early

    1 month ago - By Business Insider

    Employees assembling Model 3 vehicles at Tesla's Fremont factory on the GA3 line were sent home early from multiple shifts this week, three Tesla employees told Business Insider.
    One factory worker said the GA3 line, which is the main assembly line for Model 3 production, was sent home early on Wednesday without meeting goals.
    The worker said roughly 211 Model 3 sedans were assembled before workers were sent home three and a half hours early from their typical 12-hour shift. The employee said the company aims to make 300 Model 3 vehicles per shift on the GA3 line.
    In early July, Tesla CEO...
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  • SEC reportedly investigating whether Elon Musk tried to hurt short-sellers with his 'funding secured' tweet

    1 month ago - By Chron

    Joe Skipper / Reuters
    The Securities and Exchange Commission is reportedly investigating whether Tesla CEO Elon Musk was attempting to hurt the company's short-sellers when he tweeted about taking the company private, The Wall Street Journal reports.
    The agency is reportedly asking Tesla's board of directors what Musk told them before he tweeted that he had secured the funding to convert Tesla into a private company, were the proposal to pass a shareholder vote.
    Tesla and the SEC declined Business Insider's requests for comment.
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  • A Tesla whistleblower says the electric car maker's security team is staffed with former members of a notorious group from Uber that allegedly spied on rivals

    A Tesla whistleblower says the electric car maker's security team is staffed with former members of a notorious group from Uber that allegedly spied on rivals

    1 month ago - By Business Insider

    Some former members of a notorious security team at Uber are now allegedly employed by Tesla.
    They include Nick Gicinto, who reportedly is the new head of security at Tesla.
    At Uber, Gicinto allegedly led a team of former CIA case officers who hacked into rivals' computers and secretly recorded their conversations.
    At Tesla, Gicinto and his team allegedly spied on employees and hushed up a drug-trafficking investigation.
    The allegations about the Uber team working at Tesla were made by Karl Hansen, a former Tesla employee who has filed a whistleblower tip with the Securities and Exchange...
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  • SEC reportedly investigating whether Elon Musk tried to hurt short-sellers with his 'funding secured' tweet

    SEC reportedly investigating whether Elon Musk tried to hurt short-sellers with his 'funding secured' tweet

    1 month ago - By Business Insider

    The Securities and Exchange Commission is reportedly investigating whether Tesla CEO Elon Musk was attempting to hurt the company's short-sellers when he tweeted about taking the company private, The Wall Street Journal reports.
    The agency is reportedly asking Tesla 's board of directors what Musk told them before he tweeted that he had secured the funding to convert Tesla into a private company, were the proposal to pass a shareholder vote.
    Tesla and the SEC declined Business Insider's requests for comment.
    The Securities and Exchange Commission is reportedly investigating whether Tesla...
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  • SEC pressing Tesla directors for details on communications with Musk: Wall Street Journal

    1 month ago - By Reuters

    Federal regulators are pressing Tesla Inc's directors for details on how much information Chief Executive Elon Musk shared with them before he tweeted last week about a potential deal to take the company private, the Wall Street Journal reported on Thursday, citing a person familiar with the matter.
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  • SEC reportedly investigating whether Elon Musk tried to hurt short-sellers with his 'funding secured' tweet

    SEC reportedly investigating whether Elon Musk tried to hurt short-sellers with his 'funding secured' tweet

    1 month ago - By Business Insider

    The Securities and Exchange Commission is reportedly investigating whether Tesla CEO Elon Musk was attempting to hurt the company's short-sellers when he tweeted about taking the company private, The Wall Street Journal reports.
    The agency is asking Tesla's board of directors what Musk told them before he tweeted that he had secured the funding to convert Tesla into a private company, were the proposal to pass a shareholder vote.
    Tesla did not immediately respond to Business Insider's requests for comment. The SEC declined to comment.
    Read The Wall Street Journals full story here .
    This is...
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  • Ex-Tesla employee alleges Elon Musk authorized spying on workers in bombshell SEC tip

    Ex-Tesla employee alleges Elon Musk authorized spying on workers in bombshell SEC tip

    1 month ago - By Business Insider

    Another former Tesla employee has filed a whistleblowing tip with the Securities and Exchange Commission.
    The tip alleges that Tesla did not disclose to shareholders the theft of raw materials and unauthorized surveillance and hacking of employee devices and that the company did not tell federal authorities about information it received from former employee Karl Hansen about alleged drug trafficking at the company's Gigafactory in Sparks, Nevada.
    Tesla did not immediately respond to a request for comment.
    The SEC and DEA declined requests for comment.
    Another former Tesla employee has...
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