By CCN Markets: Just when it seemed like things are getting back on track for Elon Musk and Tesla, the South African billionaire has shot himself in the foot once again with yet another unfulfilled promise. Musk was supposed to hike the price of Teslas full s…
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Month: August 2019
GE cleanup of Hudson River target of lawsuit
Cambridge biotech Oncorus Inc. said Wednesday that it raised $79.5 million from new and existing investors to develop a new cancer treatment. Oncorus said this second round of funding for the startup was led by New-York based investment firms Cowen Healthcare…
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Volkswagen’s CEO has reportedly voiced interest in a Tesla investment — but getting his shareholders on board would be tricky (VW, TSLA)
Volkswagen CEO Herbert Diess has privately expressed interested in taking a stake in Tesla, according to a report in Germany’s Manager Magazine on Thursday. “He would immediately get on board if he could,” an unnamed, high-level source said, adding that th…
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Walmart sues Tesla for negligence after multiple solar panel fires
Walmart is suing Tesla for breach of contract and gross negligence after rooftop solar panel systems on seven of the retailer’s stores allegedly caught fire, according to a filing. Walmart said the lawsuit, which was filed Tuesday in New York state court, ar…
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Walmart sues Tesla over solar panel fires
Walmart filed a lawsuit against Tesla on Tuesday blaming the company’s solar panels for seven fires. The retail giant accused Tesla of “gross negligence and failure to live up to industry standards.” The lawsuit recounts several 2018 incidents which it clai…
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