Tesla: Not Clear Yet Whether Elon Musk's Plan To Go Private Makes Sense
The company's directors said Tuesday that they had formed a special committee of three independent board members to study the proposal.
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The company's directors said Tuesday that they had formed a special committee of three independent board members to study the proposal.
Elon Musk, who tweeted last week that he had "funding secured" to take Tesla private, says he was referring to conversations he had with the Saudi sovereign wealth fund.
Tesla founder and CEO Elon Musk used Twitter to taunt investors who have bet against his company, even though his previous Twitter comments have spurred a government investigation.
Tesla CEO Elon Musk is seeking to take his company private with a $72 billion buyout but he may be acquiring new headaches with his peculiar handling of the proposed deal.
Board members at Tesla are evaluating CEO and Chairman Elon Musk's $72 billion proposal to take the electric car and solar panel maker private.
Elon Musk took to social media Tuesday, sending a jolt to Wall Street by tweeting he was considering taking Tesla private at $420 a share.
Tesla posted an email to employees from CEO Elon Musk on Tuesday afternoon. About three hours earlier, Musk started a firestorm when he tweeted that he had secured funding to take the company private.
A former Tesla Inc. employee at the electric car maker's battery plant in Nevada is seeking at least $1 million in defamation damages.
Tesla burned through $739.5 million in cash last quarter as it geared up a factory to crank out more electric cars, leading to a $717.5 million net loss.
Wednesday, investors will get to find out the potential consequences to meeting that production goal.
Shares of Tesla tumbled Monday on reports that the company asked suppliers for refunds to help it turn a profit.
There's new trouble for Tesla and its Model 3 sedan. Refunds from pre-orders are now outpacing deposits.
Keith Reynolds flew from California to Atlanta so he could claim his spot in line at 4 a.m., and get a three-hour head start on his West Coast competitors for a Tesla Model 3.
Elon Musk has apologized for calling one of the men involved in the Thai cave rescue mission a "pedo."
Once again, Elon Musk is in the middle of a controversy of his own making. And he may be testing investors' patience.
Vern Unsworth says he is considering legal action against US billionaire Elon Musk after he made an unfounded and disparaging claim he was a "pedo", or pedophile, in a now-deleted tweet.
Billionaire tech entrepreneur Elon Musk broadcast to his 22 million social media followers on Sunday an unfounded and disparaging claim about an expert caver who criticized a miniature submarine he made.
Tesla Inc. says its customers won't get the full $7,500 federal electric vehicle tax credit after Dec. 31.
A former Tesla employee who calls himself a whistleblower has filed a formal tip with the Securities and Exchange Commission that alleges Elon Musk's electric car start-up misled investors and put its customers at risk.
Bay Area electric car producer Tesla says it will build its first factory outside the United States in Shanghai.
Musk tweeted late Sunday that Tesla's team produced 7,000 cars in seven days.
After missing two previous production goals, Musk has told investors the company will be making 5,000 Model 3s per week by about this time of year.
A Tesla Model S electric car that crashed and burned last month in Florida, killing two teenagers, was traveling 116 miles per hour three seconds before impact and only slowed to 86 mpg as the air bags were inflated, according to federal investigators.
A former employee hacked into computers at Tesla's Nevada battery factory, stole confidential information and combined it with falsehoods in leaks to the media.
The suit was filed Wednesday, three days after CEO Elon Musk warned employees of sabotage from within the company.
While receiving state-of-the-art care in Northern California, the injured mountain lion cub found on a Castaic street has made a new friend, a fellow orphaned cub from the Central Coast.
The parents of a San Francisco police recruit who died last year after having a medical emergency during academy training are filing a wrongful death suit against the department and the city.
A gray whale carcass found floating in San Francisco Bay this week was likely killed in a ship strike, the Marine Mammal Center announced Thursday.
All eyes are on new San Francisco Giants manager Tony Vitello as he makes the big jump from coaching the University of Tennessee to major league manager despite no previous professional experience as a player or coach.
The second of two rescued tigers being cared for at the Oakland Zoo was euthanized after it was recently diagnosed with cancer, the zoo announced.
While receiving state-of-the-art care in Northern California, the injured mountain lion cub found on a Castaic street has made a new friend, a fellow orphaned cub from the Central Coast.
The parents of a San Francisco police recruit who died last year after having a medical emergency during academy training are filing a wrongful death suit against the department and the city.
A gray whale carcass found floating in San Francisco Bay this week was likely killed in a ship strike, the Marine Mammal Center announced Thursday.
All eyes are on new San Francisco Giants manager Tony Vitello as he makes the big jump from coaching the University of Tennessee to major league manager despite no previous professional experience as a player or coach.
The second of two rescued tigers being cared for at the Oakland Zoo was euthanized after it was recently diagnosed with cancer, the zoo announced.
The parents of a San Francisco police recruit who died last year after having a medical emergency during academy training are filing a wrongful death suit against the department and the city.
The deal to offer a 14% raise over the next four years was unanimously approved by the San Francisco Police Board of Directors. It still needs the vote of rank and file, and the Board of Supervisors.
Maintaining acres of flowers and gardens at the historic Fioli House and Garden in Woodside, in the middle of a heat wave, is a job easier said than done.
High temperatures in the San Francisco Bay Area are expected to reach the 80s and 90s in many locations Wednesday, as a rare heat wave in March has already broken records.
Hard work done in the dark is about to bring the famed Bay Lights back to the Bay Bridge.
The second of two rescued tigers being cared for at the Oakland Zoo was euthanized after it was recently diagnosed with cancer, the zoo announced.
Voters in Alameda County may decide on a proposal later this year that would raise the county's minimum wage to $30 an hour, nearly double the state's current minimum wage.
A Hayward police officer is suspected of unlawfully and knowingly accepting a $1,000 bribe and "free access to sex workers," the Alameda County District Attorney's Office said.
A college student who survived a fiery crash involving a Tesla Cybertruck in the San Francisco Bay Area has sued the automaker, alleging the vehicle's design trapped the occupants inside.
The first few months on the job for new California football coach Tosh Lupoi have been a bit of a whirlwind as he has worked on putting together a staff, retaining and adding players to the roster and building a culture he hopes will turn the Golden Bears into a winner.
A Hayward police officer is suspected of unlawfully and knowingly accepting a $1,000 bribe and "free access to sex workers," the Alameda County District Attorney's Office said.
To cut down on homelessness in the South Bay, a woman has created what she calls an "emergency room" for people facing eviction.
A person being sought in connection with a possible restraining order violation was arrested after crashing in a San Jose neighborhood, police said. The person was in a stolen vehicle at the time, according to police.
A minor earthquake struck southern Santa Clara County early Tuesday morning, officials said.
The Santa Clara County District Attorney's Office said the three suspects turned themselves in after police obtained arrest warrants for them, and that they face felony and misdemeanor assault charges.
Sonoma County sheriff's deputies have made an arrest after a woman died following an attack inside a mobile home near Santa Rosa Wednesday evening.
The county says once funding is completed, construction could begin as soon as this fall, with completion sometime in 2028.
Marcus Ziemer, part of a Bay Area soccer coaching dynasty and longtime Sonoma State University men's soccer team head coach, died in Germany after a weekend accident.
In downtown Santa Rosa, shady spots with a place to sit and rest were commodities. But it was a quiet day for many businesses.
The driver of a vehicle that entered the water near the Sausalito Yacht Harbor was pronounced dead after being taken to the hospital.
All eyes are on new San Francisco Giants manager Tony Vitello as he makes the big jump from coaching the University of Tennessee to major league manager despite no previous professional experience as a player or coach.
Golden State coach Steve Kerr can do the math.
Jaylen Brown scored 32 points, Jayson Tatum added 24 points and the Boston Celtics rolled to a 120-99 win over the Golden State Warriors.
The first few months on the job for new California football coach Tosh Lupoi have been a bit of a whirlwind as he has worked on putting together a staff, retaining and adding players to the roster and building a culture he hopes will turn the Golden Bears into a winner.
The WNBA and its players' union reached a verbal agreement on a transformational new collective bargaining agreement early Wednesday morning, both sides said.
Sonoma County sheriff's deputies have made an arrest after a woman died following an attack inside a mobile home near Santa Rosa Wednesday evening.
A Hayward police officer is suspected of unlawfully and knowingly accepting a $1,000 bribe and "free access to sex workers," the Alameda County District Attorney's Office said.
A person being sought in connection with a possible restraining order violation was arrested after crashing in a San Jose neighborhood, police said. The person was in a stolen vehicle at the time, according to police.
A Chilean national on Monday pleaded guilty to a string of bank and ATM robberies for his role in a robbery crew using sophisticated tactics to steal more than $5 million in California, Oregon and Washington, prosecutors announced on Tuesday.
Nearly 50 years after a woman's body was found in the Sierra Nevada mountain range, authorities in Northern California confirmed her identity.
A college student who survived a fiery crash involving a Tesla Cybertruck in the San Francisco Bay Area has sued the automaker, alleging the vehicle's design trapped the occupants inside.
A Bay Area gender gap in the tech industry threatens the full participation of women in the future of artificial intelligence.
Across San Jose, nearly 474 automated license plate reader cameras scan passing vehicles every day, capturing plate numbers, vehicle descriptions, and location.
The Oakley City Council on Tuesday voted to approve a controversial industrial development near the shoreline following a public meeting where residents on both sides of the issue voiced their concerns.
Artificial intelligence can give some workers "brain fry" if overused, according to a new study published in Harvard Business Review.
The early-season heat wave gripping the Bay Area also means the allergy season is already kicking into high gear.
He advises people to lie down, extend their arms, and hold the phones above their heads, or people should hold their phone at eye level, rather than looking down.
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
The city said there was no evidence of community-spread or of an outbreak, and that the health advisory was issued to give health care providers guidance.
Tests of dozens of baby formulas by Consumer Reports found that nearly half contained potentially dangerous chemicals.
Lawmakers in the California state legislature said they are moving to designate "Farmworkers Day" as a state holiday following sexual abuse allegations against Cesar Chavez.
Voters in Alameda County may decide on a proposal later this year that would raise the county's minimum wage to $30 an hour, nearly double the state's current minimum wage.
Two former FBI agents who helped investigate President Trump's efforts to overturn the 2020 presidential election results sued the federal government, alleging they were wrongfully terminated.
The Senate Homeland Security and Governmental Affairs Committee advanced Sen. Markwayne Mullin's nomination to lead the Department of Homeland Security.
Advocates said the Van Nuys building looked like an example of "clustering" — a red flag for hospice fraud.
A man has been arrested and accused of a hate crime after a San Francisco church was vandalized over the weekend, police said.
A Yosemite park ranger was fired last year after helping to display a transgender pride flag from El Capitan.
After more than two years of renovations, the historic Castro Theatre is back open for business.
A large Pride flag has been removed from the Stonewall National Monument in Greenwich Village. The National Park Service said it did so under guidance from the federal government.
The billionaire and philanthropist MacKenzie Scott donated $45 million to The Trevor Project, a nonprofit focused on suicide prevention and advocacy for LGBTQ young people.
Afroman spoke to CBS News after he won the case, which tested the limits of parody and the license artists can take in social commentary directed at public figures.
The film follows CBS News correspondent Steve Hartman and photographer Lou Bopp through their seven-year journey to document the toll of America's school shooting epidemic.
"One Battle After Another" took home several big awards, including Best Picture, Best Director and the newly created Best Casting.
Festival founder Halfdan Hussey is celebrating more than three decades of Cinequest with a new home for the festival in Mountain View.
Hollywood's biggest stars were honored at the 98th annual Academy Awards on Sunday. Here is what to know and how to watch the 2026 Oscars.
Ever since the COVID-19 pandemic, the Oakland Unified School District has seen an alarming spike in the number of unhoused students in the school system who deal with a host of challenges far beyond what most children face.
Meteorologist and CBS News Bay Area's resident pilot Lt. Jessica Burch got a treat during Fleet Week, taking to the skies with one of the Blue Angels.
A Bay Area man discovered his devastating loss left him with a new opportunity to rethink how he lives -- follow his journey in virtual reality, 360-degree video.
A groundbreaking medical study involving the UCSF Medical Center has shown some colorectal cancer patients can safely skip radiation treatment and enjoy a potentially higher quality of life.
Every day, San Francisco bar pilot Captain Zach Kellerman goes through what might just be the world's most dangerous commute.
Kara St. Cyr reports.
Families in San Francisco are taking advantage of a new waterfront park in a once-neglected portion of the India Basin neighborhood. Kelsi Thorud reports.
The wine industry has been struggling with a slowdown in business in recent years. Kara St. Cyr reports.
The National Day of Clean is a campaign to carry out 100 million hours of community service by Dr. Martin Luther King Jr's 100th birthday. Veronica Macias reports.
Meteorologist Darren Peck says the overall heat pattern will continue, but temperatures will begin to come off the record highs we've been seeing.
In 2025, KPIX is moving to a new community service award: the CBS News Bay Area Icon Award. Submit nominations for an outstanding community hero at kpix.com/icon.
It's the most wonderful time of the year for a South Bay woman who has played Mrs. Claus for more than 40 years for the children of North San Jose's Alviso District.
For residents of the Oakland Hills, the prospect of another wildfire always remains a concern. This week's Jefferson Awards winner has made it his mission to make the hills and other high-risk areas safer.
In East Palo Alto -- where state education numbers show more than nine in ten public school students are low income and more than half are English learners -- many are finding hope and connection at the Boys & Girls Clubs of the Peninsula.
This week's Jefferson Award winner is Army veteran who continues to live a life of service into his 80s, by feeding hundreds of San Francisco families a week.
A Bay Area man who overcame tremendous obstacles to excel in school has made it his mission to gear up other students for success in the classroom and in life.
For Students Rising Above scholar Josh Collins it took moving across the country to realize the value of his Bay Area family.
Samir Hooker had to grow up fast after his stepfather was shot dead 12 years ago. Now he is watching over his mom and sister while attending UC Berkeley.
It's hard enough to graduate from one of the most prestigious schools in the country when you're the first in your family to go to college. Imagine doing that while you're also trying to protect your parents from being deported?
Some students who are the first in their families to go to college face the challenge of balancing a rigorous academic load while still working to help support their family back home.