Report: SEC Subpoenas Tesla About CEO's Buyout Plans
The Wall Street Journal is reporting that government regulators have subpoenaed Tesla as they dig deeper into CEO Elon Musk's recent disclosure about a potential buyout of the electric car maker.
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The Wall Street Journal is reporting that government regulators have subpoenaed Tesla as they dig deeper into CEO Elon Musk's recent disclosure about a potential buyout of the electric car maker.
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.
After years of being on the run, a Georgia fugitive is in custody after officials say he was caught trying to fare evade at a BART station.
The teams square off for the third time this season. In the last matchup on May 29 the Valkyries won 90-88 led by 25 points from Veronica Burton, while Raven Johnson scored 16 points for the Fever.
Residents at Smith Ranch Homes, Aldersly, Drake Terrace, The Tamalpais and Villa Marin raise money each year for the scholarship fund, which was established in 1994.
A blood test may predict if apparently healthy older adults are likely to develop Alzheimer's symptoms in the next five or 10 years, researchers say.
A group of 26 Meta employees has sued the company, claiming it used AI to choose people for layoffs, disproportionately targeting those on medical, parental or family leave.
After years of being on the run, a Georgia fugitive is in custody after officials say he was caught trying to fare evade at a BART station.
The teams square off for the third time this season. In the last matchup on May 29 the Valkyries won 90-88 led by 25 points from Veronica Burton, while Raven Johnson scored 16 points for the Fever.
Residents at Smith Ranch Homes, Aldersly, Drake Terrace, The Tamalpais and Villa Marin raise money each year for the scholarship fund, which was established in 1994.
A blood test may predict if apparently healthy older adults are likely to develop Alzheimer's symptoms in the next five or 10 years, researchers say.
Dylan Cease struck out the side in the first inning, combining with 10 relievers on a three-hitter in a show of pitching dominance that led the American League to a 4-0 win over the National League in the All-Star Game.
One person died and three were missing in San Francisco Bay on Tuesday after a boat with 20 people on board sank near Alcatraz Island, authorities said.
A San Francisco man faces a litany of charges after police said he set fire to his apartment building unit, and attacked emergency responders who attempted to rescue him.
Police in San Francisco arrested a man on multiple drug charges over the weekend after he allegedly left behind a bag containing methamphetamine in the back of a rideshare vehicle.
A deputy with the San Francisco Sheriff's Office was charged Monday with battery and misdemeanor assault by a public officer after she allegedly groped a female inmate, District Attorney Brooke Jenkins announced.
Three San Mateo County residents are safe after they were rescued from a capsized sailboat in San Francisco Bay over the weekend, authorities said.
Privacy advocates warn of a "dragnet" while some customers say retail theft has gone too far.
Oakland police officers shot and killed an armed suspect in the parking lot of a strip mall on Monday afternoon, police said.
City leaders in Oakland voted to approve a $125 million deal to sell their share of the Oakland Coliseum complex, a deal that would include revenue from future events.
The nearly century-old tower is being reduced by 40 feet after studies found it could crack during a major earthquake, risking flooding in Lafayette and Walnut Creek.
Sixteen puppies are being cared for at two East Bay animal shelters after being abandoned in the parking lot of a Walmart store in Livermore, authorities said.
The U.S. Justice Department has identified a San Jose State University graduate student suspected in multiple incidents of hateful graffiti and bomb threats found on the university campus.
A planned ribbon cutting at a newly renovated park in the South Bay is on hold due to vandalism, officials said.
Officials in Santa Clara County said Monday that they are going door-to-door to more than 1,000 South Bay homes to pick up grapevines sold at Costco stores linked to an invasive pest.
A new project is under construction in San Jose that has all the characteristics of a massive new data center, but Google and the city insist that it is something else.
Police in San Jose said that they have busted an alleged illegal nightclub found in an industrial space.
Residents at Smith Ranch Homes, Aldersly, Drake Terrace, The Tamalpais and Villa Marin raise money each year for the scholarship fund, which was established in 1994.
The hilltop region near the King Mountain Open Space Reserve in Marin County could soon be open to the public.
Police in Santa Rosa are asking the public for help in find a woman woamn who has been missing for weeks.
A San Francisco Bay Area man is facing multiple charges after he allegedly threatened a Pacific Gas & Electric Co. employee with a shotgun, authorities said.
Authorities in the San Francisco Bay Area said a suspect's selfie from a crime scene helped lead to arrests in a $100,000 commercial burglary case.
The teams square off for the third time this season. In the last matchup on May 29 the Valkyries won 90-88 led by 25 points from Veronica Burton, while Raven Johnson scored 16 points for the Fever.
Dylan Cease struck out the side in the first inning, combining with 10 relievers on a three-hitter in a show of pitching dominance that led the American League to a 4-0 win over the National League in the All-Star Game.
U.S. soccer star Folarin Balogun told "CBS Mornings" he "was in shock" when he received a red card in a World Cup match and discussed FIFA's decision to lift the one-game ban.
City leaders in Oakland voted to approve a $125 million deal to sell their share of the Oakland Coliseum complex, a deal that would include revenue from future events.
The San Francisco Giants have drafted Rutgers outfielder Peyton Bonds in the third round.
After years of being on the run, a Georgia fugitive is in custody after officials say he was caught trying to fare evade at a BART station.
The U.S. Justice Department has identified a San Jose State University graduate student suspected in multiple incidents of hateful graffiti and bomb threats found on the university campus.
A San Francisco man faces a litany of charges after police said he set fire to his apartment building unit, and attacked emergency responders who attempted to rescue him.
Police in San Francisco arrested a man on multiple drug charges over the weekend after he allegedly left behind a bag containing methamphetamine in the back of a rideshare vehicle.
A planned ribbon cutting at a newly renovated park in the South Bay is on hold due to vandalism, officials said.
A group of 26 Meta employees has sued the company, claiming it used AI to choose people for layoffs, disproportionately targeting those on medical, parental or family leave.
Privacy advocates warn of a "dragnet" while some customers say retail theft has gone too far.
The scheme begins with fake fraud alerts before shifting to a FaceTime call, where victims are tricked into exposing sensitive banking information.
Startups are using emails, photos and voice recordings to create AI simulations that family and friends can interact with after a loved one's death.
A new project is under construction in San Jose that has all the characteristics of a massive new data center, but Google and the city insist that it is something else.
While there are a few Californians sick with cyclosporiasis, there aren't any known local outbreaks right now, and none linked to the national outbreak, state health officials say.
A norovirus outbreak aboard a Princess cruise ship sickened 125 passengers and crew members during a voyage in the North Pacific that ended on Thursday.
A Bay Area cancer patient is making more memories and living longer than his initial diagnosis thanks to a groundbreaking treatment for his particularly aggressive form of brain cancer.
Health officials in the San Francisco Bay Area issued a warning about a potential measles exposure after an infected resident traveled through San Francisco International Airport and local businesses.
Health officials in Berkeley said one person died and another person was hospitalized after contracting leptospirosis from rats that had infested their RV.
The measure also allows states to opt out if they take action before the federal law is enacted.
Acting Attorney General Todd Blanche will appear Wednesday before the Senate Judiciary Committee for his confirmation hearing to take over the role on a permanent basis.
A jury concluded in 2023 that Trump should pay Carroll $5 million in damages.
U.S. District Judge Kathleen Williams said President Trump's lawsuit against the IRS had been filed for an "improper purpose."
Congress is returning to Washington with limited time to address a number of priorities ahead of a lengthy August recess and the sprint to the midterm elections.
LGBTQ+ communities have significantly higher rates of unemployment than the general population. Kelsi Thorud reports on how the City of Oakland is empowering LGBTQ+ job seekers during Pride Month.
The fallout over the opposition by a handful of San Francisco Giants players against the team's Pride Night celebrations has prompted an investigation of Major League Baseball by the Trump administration.
Major League Baseball has warned players about writing on their uniforms after San Francisco starter Landen Roupp and two other pitchers added Bible verses to their Pride Night caps on Friday night.
Many LGBTQ+ Pride events across the country have had to scale back or even cancel due to political and financial reasons. San Francisco was on the brink. Kara St. Cyr reports.
In one of the most competitive real estate markets in America, a San Francisco real estate agent dons fabulous drag to help promote homes for sale. Itay Hod reports.
New Zealand actor Sam Neill, known for "Jurassic Park" and "The Piano," died Monday at 78, his family says.
San Franciscans have seen encampments pop up all over the city, but a large, sprawling line of tents were set up overnight on Battery Street in the Financial District.
Bonnie Tyler, the Welsh pop star best known for singing the chart-topping power ballad "Total Eclipse of the Heart" in 1983, has died. She was 75.
The nominations for the 78th annual Primetime Emmy Awards were announced Wednesday morning in Los Angeles, with the final season of HBO Max's "Hacks" setting a new record for the most nominations in a single year for a comedy series.
Taylor Swift and Travis Kelce were married as they celebrated their wedding with hundreds of guests Friday at Madison Square Garden in New York City.
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.
Residents at several Marin County retirement communities are helping employees and their relatives pursue degrees and career training through a scholarship program that has operated for more than three decades. Kenny Choi reports.
A San Francisco historian and a small group of history buffs are on a mission to save several dozen small homes that were built to displace evacuees following the 1906 earthquake and fire. Kara St. Cyr reports.
Expect continued hot conditions away from the coast on Wednesday, with highs in the 90s and low 100s inland. Meanwhile, a cooling trend will take hold as the weekend approaches. Jessica Burch has the forecast.
Sara Donchey and Kevin Ko report on a boat rescue in the San Francisco Bay.
San Francisco Fire Chief Dean Crispen said three people are missing after a boat with 20 people sank in the San Francisco Bay.
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.