Dec 6, 2019

Elon Musk found not guilty in defamation lawsuit

Elon Musk in court in Los Angeles. Photo: Apu Gomes/Getty Images

Tesla CEO Elon Musk prevailed in a jury trial on Friday over whether his tweets calling a cave expert a "pedo guy" constitute defamation, and he will not be held liable for damages, according to multiple media reports.

Why it matters: Musk is no stranger to getting into trouble for his tweeting habits. Earlier this year, he and Tesla had to pay $20 million settlement each to the Securities and Exchange Commission after he wrote false claims about Tesla financing.

What he's saying:

“My faith in humanity is restored.”
— Elon Musk, walking out of the court room

Go deeper: Thai cave diver sues Elon Musk for calling him a pedophile

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Tesla to debut its long-awaited electric pickup truck

Tesla will take the wraps off its long-awaited pickup truck in Los Angeles Thursday night.

Why it matters: Pickups are enormously popular with U.S. consumers, but Tesla will have competition in this space even if electric trucks become a thing. Ford and GM are also both working on models, too.

Go deeperArrowNov 21, 2019

Tesla debuts its first electric pickup truck

Tesla co-founder and CEO Elon Musk unveils the all-electric battery-powered Tesla's Cybertruck at Tesla Design Center in Hawthorne, California on Nov. 21. Photo: FREDERIC J. BROWN / Contributor/Getty Images

Tesla CEO Elon Musk revealed the car maker's long-promised electric pickup truck, dubbed the "Cybertruck," on Thursday night in Los Angeles, Calif. near Space X's rocket factory.

Why it matters: "With the launch, Tesla is edging into the most profitable corner of the U.S. auto market..." AP writes. Pickup trucks account for one in every six cars sold in the U.S., per the Drive and the category is valued at nearly $80 billion, according to a 2018 Cox Automotive study.

Go deeperArrowNov 22, 2019

Elon Musk: Tesla already has 187,000 orders for the Cybertruck

Elon Musk introduces the Tesla Cybertruck on Thursday. Photo: Frederic J. Brown/AFP via Getty Images

Tesla CEO Elon Musk tweeted Sunday that the company had received 187,000 orders for its Cybertruck, two days after launching the electric pickup truck.

Yes, but: The orders require only a $100 refundable deposit, so these numbers are an interesting but imperfect gauge of how many Cybertrucks Tesla will ultimately sell.

Go deeperArrowUpdated Nov 24, 2019