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"content": "\u003cp>Tesla CEO Elon Musk's tweeting habits have triggered another legal challenge from stock market regulators worried about him using his Twitter account to mislead investors.\u003c/p>\n\u003cp>The latest dust-up emerged late Monday when the Securities and Exchange Commission asked a federal court in New York to hold Musk in contempt for violating a $40 million settlement he begrudgingly reached with the U.S. stock market's chief regulatory agency five months ago.\u003c/p>\n\u003cp>Allegations that Musk broke the agreement could renew a debate about whether he has become too reckless to continue as Tesla. This even though many analysts still consider his vision to be instrumental to the future success of the electric car maker he co-founded.\u003c/p>\n\u003cp>Tesla's stock dropped about 4 percent in after-hours trading Monday.\u003c/p>\n\u003cp>Contempt charges are typically brought against individuals who defy a court order. The SEC settlement was approved by a judge last fall, exposing Musk to potential fines or even jail time if he is found to be in contempt.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>Tesla didn't immediately respond to requests for comment about the SEC's latest move. But letters from the company's attorneys included in Monday's filing argue that Musk remains in compliance with the settlement.\u003c/p>\n\u003cp>The SEC had sued Musk last September for using his Twitter account in August to announce he had secured financing for a potential buyout of Tesla — news that caused the company's stock to swing wildly. He later backed off that buyout idea, but regulators concluded he never had lined up the money to pull off the deal that probably would have required at least $25 billion to pull off.\u003c/p>\n\u003cp>Musk initially contended that he hadn't done anything wrong before reluctantly agreeing to have future tweets that could affect Tesla's stock be pre-approved.\u003c/p>\n\u003cp>Now the SEC is alleging that Musk broke the terms of that agreement with a Feb. 19 tweet projecting that Tesla would make about 500,000 cars this year. \u003c/p>\n\u003cp>About four hours after that tweet, Musk altered his statement, saying he meant that Tesla had started to manufacture cars at a weekly clip that would translate into an annualized production rate of 500,000 cars, with 400,000 delivered in calendar 2019.\u003c/p>\n\u003cp>https://twitter.com/elonmusk/status/1098080063801585664\u003c/p>\n\u003cp>Musk acknowledged he didn't get company approval for the initial Feb. 19 tweet, according to the SEC, even though car manufacturing statistics can affect stock prices of automakers. In his defense, Musk said he didn't think his tweet needed clearance because he was basing the information that had been disclosed in late January. Both Feb. 19 tweets occurred while the U.S. stock market was closed.\u003c/p>\n\u003cp>But those factors evidently didn't sway the SEC, which illustrated Musk's allegedly contemptuous behavior with some of the comments he made during a television interview with \"60 Minutes\" that aired last Dec. 9.\u003c/p>\n\u003cp>In that interview, Musk said no one at Tesla was screening the tweets he posts to his account, which now has 25 million followers. When pressed how Tesla officials could know whether his tweets might be violating the SEC settlement if they weren't reading them before they were posted, Musk replied: \"Well, I guess we might make some mistakes. Who knows?\"\u003c/p>\n\u003cp>The SEC also pointed out that during the same interview, Musk declared: \"I want to be clear. I do not respect the SEC. I do not respect them.\"\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Tesla's legal team realized Musk may have crossed a line with his Feb. 19 tweet about car manufacturing, according to the SEC. After that tweet posted, a Tesla lawyer \"immediately arranged to meet with Musk and draft the corrective statement that Musk tweeted out over four hours later.\"\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>Tesla CEO Elon Musk's tweeting habits have triggered another legal challenge from stock market regulators worried about him using his Twitter account to mislead investors.\u003c/p>\n\u003cp>The latest dust-up emerged late Monday when the Securities and Exchange Commission asked a federal court in New York to hold Musk in contempt for violating a $40 million settlement he begrudgingly reached with the U.S. stock market's chief regulatory agency five months ago.\u003c/p>\n\u003cp>Allegations that Musk broke the agreement could renew a debate about whether he has become too reckless to continue as Tesla. This even though many analysts still consider his vision to be instrumental to the future success of the electric car maker he co-founded.\u003c/p>\n\u003cp>Tesla's stock dropped about 4 percent in after-hours trading Monday.\u003c/p>\n\u003cp>Contempt charges are typically brought against individuals who defy a court order. The SEC settlement was approved by a judge last fall, exposing Musk to potential fines or even jail time if he is found to be in contempt.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Tesla didn't immediately respond to requests for comment about the SEC's latest move. But letters from the company's attorneys included in Monday's filing argue that Musk remains in compliance with the settlement.\u003c/p>\n\u003cp>The SEC had sued Musk last September for using his Twitter account in August to announce he had secured financing for a potential buyout of Tesla — news that caused the company's stock to swing wildly. He later backed off that buyout idea, but regulators concluded he never had lined up the money to pull off the deal that probably would have required at least $25 billion to pull off.\u003c/p>\n\u003cp>Musk initially contended that he hadn't done anything wrong before reluctantly agreeing to have future tweets that could affect Tesla's stock be pre-approved.\u003c/p>\n\u003cp>Now the SEC is alleging that Musk broke the terms of that agreement with a Feb. 19 tweet projecting that Tesla would make about 500,000 cars this year. \u003c/p>\n\u003cp>About four hours after that tweet, Musk altered his statement, saying he meant that Tesla had started to manufacture cars at a weekly clip that would translate into an annualized production rate of 500,000 cars, with 400,000 delivered in calendar 2019.\u003c/p>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\n\u003cp>Musk acknowledged he didn't get company approval for the initial Feb. 19 tweet, according to the SEC, even though car manufacturing statistics can affect stock prices of automakers. In his defense, Musk said he didn't think his tweet needed clearance because he was basing the information that had been disclosed in late January. Both Feb. 19 tweets occurred while the U.S. stock market was closed.\u003c/p>\n\u003cp>But those factors evidently didn't sway the SEC, which illustrated Musk's allegedly contemptuous behavior with some of the comments he made during a television interview with \"60 Minutes\" that aired last Dec. 9.\u003c/p>\n\u003cp>In that interview, Musk said no one at Tesla was screening the tweets he posts to his account, which now has 25 million followers. When pressed how Tesla officials could know whether his tweets might be violating the SEC settlement if they weren't reading them before they were posted, Musk replied: \"Well, I guess we might make some mistakes. Who knows?\"\u003c/p>\n\u003cp>The SEC also pointed out that during the same interview, Musk declared: \"I want to be clear. I do not respect the SEC. I do not respect them.\"\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Tesla's legal team realized Musk may have crossed a line with his Feb. 19 tweet about car manufacturing, according to the SEC. After that tweet posted, a Tesla lawyer \"immediately arranged to meet with Musk and draft the corrective statement that Musk tweeted out over four hours later.\"\u003c/p>\n\n\u003c/div>\u003c/p>",
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"disqusTitle": "5 Reasons Why Self-Driving Cars Aren't Coming Anytime Soon",
"title": "5 Reasons Why Self-Driving Cars Aren't Coming Anytime Soon",
"headTitle": "The California Report | KQED News",
"content": "\u003cp>In the world of autonomous vehicles, Pittsburgh and Silicon Valley are bustling hubs of development and testing. But ask those involved in self-driving vehicles when we might actually see them carrying passengers in every city, and you'll get an almost universal answer: Not anytime soon.\u003c/p>\n\u003caside class=\"alignright\">\n\u003ch3>\u003ca href=\"https://www.kqed.org/news/11723058/will-self-driving-cars-put-us-in-transportation-heaven-or-hell\">Will Self-Driving Cars Put Us in Transportation Heaven or Hell?\u003c/a>\u003c/h3>\n\u003cfigure>\u003ca href=\"https://www.kqed.org/news/11723058/will-self-driving-cars-put-us-in-transportation-heaven-or-hell\">\u003cimg class=\"\" src=\"https://ww2.kqed.org/wp-content/uploads/sites/10/2019/02/RS8358_152766339-1020x711.jpg\" alt=\"\" width=\"389\" height=\"271\">\u003c/a>\u003c/figure>\n\u003c/aside>\n\u003cp>An optimistic assessment is 10 years. Many others say decades as researchers try to conquer a number of obstacles. The vehicles themselves will debut in limited, well-mapped areas within cities and spread outward.\u003c/p>\n\u003cp>The \u003ca href=\"https://www.kqed.org/news/11657306/police-release-video-of-fatal-crash-involving-uber-self-driving-car\">fatal crash in Arizona\u003c/a> involving an Uber autonomous vehicle in March slowed progress, largely because it hurt the public's perception of the safety of vehicles.\u003c/p>\n\u003cp>Companies slowed research to be more careful. Google's Waymo, for instance, decided not to launch a fully autonomous ride-hailing service in the Phoenix area and will rely on human backup drivers to ferry passengers, at least for now.\u003c/p>\n\u003cp>Here are the problems that researchers must overcome to start giving rides without humans behind the wheel:\u003c/p>\n\u003ch3>Snow and Weather\u003c/h3>\n\u003cp>When it's heavy enough to cover the pavement, snow blocks the view of lane lines that vehicle cameras use to find their way. Researchers so far haven't figured out a way around this. That's why much of the testing is done in warm-weather climates such as Arizona and California.\u003c/p>\n\u003cp>Heavy snow, rain, fog and sandstorms can obstruct the view of cameras. Light beams sent out by laser sensors can bounce off snowflakes and think they are obstacles. Radar can see through the weather, but it doesn't show the shape of an object needed for computers to figure out what it is.\u003c/p>\n\u003caside class=\"alignright\">\n\u003ch3>\u003ca href=\"https://www.kqed.org/science/1933667/should-self-driving-cars-have-ethics\">Should Self-Driving Cars Have Ethics?\u003c/a>\u003c/h3>\n\u003cfigure>\u003ca href=\"https://www.kqed.org/science/1933667/should-self-driving-cars-have-ethics\">\u003cimg src=\"https://ww2.kqed.org/wp-content/uploads/sites/35/2018/10/gettyimages-843272498-80183887af24176749966ee5ee5cd0e22bf46cf5-1180x885.jpg\" alt=\"\">\u003c/a>\u003c/figure>\n\u003c/aside>\n\u003cp>\"It's like losing part of your vision,\" says Raj Rajkumar, an electrical and computer engineering professor at Carnegie Mellon University.\u003cbr>\nResearchers are working on laser sensors that use a different light beam wavelength to see through snowflakes, said Greg McGuire, director of the MCity autonomous vehicle testing lab at the University of Michigan. Software also is being developed so vehicles can differentiate between real obstacles and snowflakes, rain, fog, and other conditions.\u003c/p>\n\u003cp>But many companies are still trying to master the difficult task of driving on a clear day with steady traction.\u003c/p>\n\u003cp>\"Once we are able to have a system reliably perform in those, then we'll start working toward expanding to those more challenging conditions,\" said Noah Zych, Uber's head of system safety for self-driving cars.\u003cbr>\n[ad fullwidth]\u003c/p>\n\u003ch3>Pavement Lines and Curbs\u003c/h3>\n\u003cp>Across the globe, roadway marking lines are different, or they may not even exist. Lane lines aren't standardized, so vehicles have to learn how to drive differently in each city. Sometimes there aren't any curbs to help vehicles judge lane width.\u003c/p>\n\u003cp>For instance, in Pittsburgh's industrial \"Strip District,\" where many self-driving vehicles are tested, the city draws lines across the narrow lanes to mark where vehicles should stop for stop signs. Sometimes the lines are so far back and buildings are so close to the street that autonomous cars can't see traffic on the cross street if they stop at the line. One workaround is to program vehicles to stop for the line and creep forward.\u003c/p>\n\u003cp>\"Is it better to do a double stop?\" asked Pete Rander, president of Argo AI, an autonomous vehicle company in which Ford has invested heavily. \"Since intersections vary, it's not that easy.\"\u003c/p>\n\u003ch3>Dealing With Human Drivers\u003c/h3>\n\u003cp>For many years, autonomous vehicles will have to deal with humans who don't always play by the rules. They double-park or walk in front of cars. Recently in Pittsburgh, an Argo backup driver had to take over when his car stopped during a right turn, blocking an intersection when it couldn't immediately decide whether to go around a double-parked delivery truck.\u003c/p>\n\u003caside class=\"alignright\">\n\u003ch3>\u003ca href=\"https://www.kqed.org/news/11668523/distracted-autopilot\">Mark Fiore: Distracted Autopilot\u003c/a>\u003c/h3>\n\u003cfigure>\u003ca href=\"https://www.kqed.org/news/11668523/distracted-autopilot\">\u003cimg src=\"https://ww2.kqed.org/wp-content/uploads/sites/10/2018/05/distracted_051518_final-1180x753.jpg\" alt=\"\">\u003c/a>\u003c/figure>\n\u003c/aside>\n\u003cp>\"Even if the car might eventually figure something out, it's shared space, and it's socially unacceptable\" to block traffic, Rander said.\u003c/p>\n\u003cp>Humans also make eye contact with other drivers to make sure they're looking in the right direction, something still being developed for autonomous vehicles.\u003c/p>\n\u003cp>Add to that the antagonism that some feel toward robots. People have reportedly been harassing Waymo's autonomous test vehicles near Phoenix. The Arizona Republic reported in December that police is suburban Chandler have documented at least 21 cases in the past two years, including a man waiving a gun at a Waymo van and people who slashed tires and threw rocks. One Jeep forced the vans off the road six times.\u003c/p>\n\u003ch3>Left Turns\u003c/h3>\n\u003cp>Deciding when to turn left in front of oncoming traffic without a green arrow is one of the more difficult tasks for human drivers and one that causes many crashes. Autonomous vehicles have the same trouble.\u003c/p>\n\u003caside class=\"pullquote alignright\">'I think the things that humans have challenges with, we're challenged with as well.'\u003ccite>Waymo CEO John Krafcik\u003c/cite>\u003c/aside>\n\u003cp>Waymo CEO John Krafcik said in a recent interview that his company's vehicles are still encountering occasional problems at intersections.\u003c/p>\n\u003cp>\"I think the things that humans have challenges with, we're challenged with as well,\" he said. \"So sometimes unprotected lefts are super challenging for a human, sometimes they're super challenging for us.\"\u003c/p>\n\u003ch3>Consumer Acceptance\u003c/h3>\n\u003cp>The fatal Uber crash near Phoenix last year did more than push the pause button on testing. It also rattled consumers who someday will be asked to ride in self-driving vehicles.\u003c/p>\n\u003caside class=\"alignright\">\n\u003ch3>\u003ca href=\"https://www.kqed.org/news/11658245/arizona-suspends-ubers-self-driving-vehicle-testing-after-fatal-crash\">Uber Won't Seek California Permit Renewal to Test Self-Driving Vehicles After Fatal Crash\u003c/a>\u003c/h3>\n\u003cfigure>\u003ca href=\"https://www.kqed.org/news/11658245/arizona-suspends-ubers-self-driving-vehicle-testing-after-fatal-crash\">\u003cimg src=\"https://ww2.kqed.org/wp-content/uploads/sites/10/2018/03/ntsb-uber-ff64f5bdd733572617aece2b246b2f335d0c9033-1180x885.jpg\" alt=\"\">\u003c/a>\u003c/figure>\n\u003c/aside>\n\u003cp>Surveys taken after the Uber crash showed that drivers are reluctant to give up control to a computer. One by AAA found that 73 percent of American drivers would be too fearful to ride in a fully self-driving vehicle. That's up from 63 percent in late 2017.\u003c/p>\n\u003cp>Autonomous vehicle companies are showing test passengers information on screens about where the vehicles are headed and what its sensors are seeing. The more people ride, the more they trust the vehicles, says Waymo's Krafcik.\u003c/p>\n\u003cp>\"After they become more and more confident they rarely look at the screens, and they're on their phones or relaxing or sleeping,\" he said.\u003c/p>\n\u003cp>\u003c/p>\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>In the world of autonomous vehicles, Pittsburgh and Silicon Valley are bustling hubs of development and testing. But ask those involved in self-driving vehicles when we might actually see them carrying passengers in every city, and you'll get an almost universal answer: Not anytime soon.\u003c/p>\n\u003caside class=\"alignright\">\n\u003ch3>\u003ca href=\"https://www.kqed.org/news/11723058/will-self-driving-cars-put-us-in-transportation-heaven-or-hell\">Will Self-Driving Cars Put Us in Transportation Heaven or Hell?\u003c/a>\u003c/h3>\n\u003cfigure>\u003ca href=\"https://www.kqed.org/news/11723058/will-self-driving-cars-put-us-in-transportation-heaven-or-hell\">\u003cimg class=\"\" src=\"https://ww2.kqed.org/wp-content/uploads/sites/10/2019/02/RS8358_152766339-1020x711.jpg\" alt=\"\" width=\"389\" height=\"271\">\u003c/a>\u003c/figure>\n\u003c/aside>\n\u003cp>An optimistic assessment is 10 years. Many others say decades as researchers try to conquer a number of obstacles. The vehicles themselves will debut in limited, well-mapped areas within cities and spread outward.\u003c/p>\n\u003cp>The \u003ca href=\"https://www.kqed.org/news/11657306/police-release-video-of-fatal-crash-involving-uber-self-driving-car\">fatal crash in Arizona\u003c/a> involving an Uber autonomous vehicle in March slowed progress, largely because it hurt the public's perception of the safety of vehicles.\u003c/p>\n\u003cp>Companies slowed research to be more careful. Google's Waymo, for instance, decided not to launch a fully autonomous ride-hailing service in the Phoenix area and will rely on human backup drivers to ferry passengers, at least for now.\u003c/p>\n\u003cp>Here are the problems that researchers must overcome to start giving rides without humans behind the wheel:\u003c/p>\n\u003ch3>Snow and Weather\u003c/h3>\n\u003cp>When it's heavy enough to cover the pavement, snow blocks the view of lane lines that vehicle cameras use to find their way. Researchers so far haven't figured out a way around this. That's why much of the testing is done in warm-weather climates such as Arizona and California.\u003c/p>\n\u003cp>Heavy snow, rain, fog and sandstorms can obstruct the view of cameras. Light beams sent out by laser sensors can bounce off snowflakes and think they are obstacles. Radar can see through the weather, but it doesn't show the shape of an object needed for computers to figure out what it is.\u003c/p>\n\u003caside class=\"alignright\">\n\u003ch3>\u003ca href=\"https://www.kqed.org/science/1933667/should-self-driving-cars-have-ethics\">Should Self-Driving Cars Have Ethics?\u003c/a>\u003c/h3>\n\u003cfigure>\u003ca href=\"https://www.kqed.org/science/1933667/should-self-driving-cars-have-ethics\">\u003cimg src=\"https://ww2.kqed.org/wp-content/uploads/sites/35/2018/10/gettyimages-843272498-80183887af24176749966ee5ee5cd0e22bf46cf5-1180x885.jpg\" alt=\"\">\u003c/a>\u003c/figure>\n\u003c/aside>\n\u003cp>\"It's like losing part of your vision,\" says Raj Rajkumar, an electrical and computer engineering professor at Carnegie Mellon University.\u003cbr>\nResearchers are working on laser sensors that use a different light beam wavelength to see through snowflakes, said Greg McGuire, director of the MCity autonomous vehicle testing lab at the University of Michigan. Software also is being developed so vehicles can differentiate between real obstacles and snowflakes, rain, fog, and other conditions.\u003c/p>\n\u003cp>But many companies are still trying to master the difficult task of driving on a clear day with steady traction.\u003c/p>\n\u003cp>\"Once we are able to have a system reliably perform in those, then we'll start working toward expanding to those more challenging conditions,\" said Noah Zych, Uber's head of system safety for self-driving cars.\u003cbr>\n\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003ch3>Pavement Lines and Curbs\u003c/h3>\n\u003cp>Across the globe, roadway marking lines are different, or they may not even exist. Lane lines aren't standardized, so vehicles have to learn how to drive differently in each city. Sometimes there aren't any curbs to help vehicles judge lane width.\u003c/p>\n\u003cp>For instance, in Pittsburgh's industrial \"Strip District,\" where many self-driving vehicles are tested, the city draws lines across the narrow lanes to mark where vehicles should stop for stop signs. Sometimes the lines are so far back and buildings are so close to the street that autonomous cars can't see traffic on the cross street if they stop at the line. One workaround is to program vehicles to stop for the line and creep forward.\u003c/p>\n\u003cp>\"Is it better to do a double stop?\" asked Pete Rander, president of Argo AI, an autonomous vehicle company in which Ford has invested heavily. \"Since intersections vary, it's not that easy.\"\u003c/p>\n\u003ch3>Dealing With Human Drivers\u003c/h3>\n\u003cp>For many years, autonomous vehicles will have to deal with humans who don't always play by the rules. They double-park or walk in front of cars. Recently in Pittsburgh, an Argo backup driver had to take over when his car stopped during a right turn, blocking an intersection when it couldn't immediately decide whether to go around a double-parked delivery truck.\u003c/p>\n\u003caside class=\"alignright\">\n\u003ch3>\u003ca href=\"https://www.kqed.org/news/11668523/distracted-autopilot\">Mark Fiore: Distracted Autopilot\u003c/a>\u003c/h3>\n\u003cfigure>\u003ca href=\"https://www.kqed.org/news/11668523/distracted-autopilot\">\u003cimg src=\"https://ww2.kqed.org/wp-content/uploads/sites/10/2018/05/distracted_051518_final-1180x753.jpg\" alt=\"\">\u003c/a>\u003c/figure>\n\u003c/aside>\n\u003cp>\"Even if the car might eventually figure something out, it's shared space, and it's socially unacceptable\" to block traffic, Rander said.\u003c/p>\n\u003cp>Humans also make eye contact with other drivers to make sure they're looking in the right direction, something still being developed for autonomous vehicles.\u003c/p>\n\u003cp>Add to that the antagonism that some feel toward robots. People have reportedly been harassing Waymo's autonomous test vehicles near Phoenix. The Arizona Republic reported in December that police is suburban Chandler have documented at least 21 cases in the past two years, including a man waiving a gun at a Waymo van and people who slashed tires and threw rocks. One Jeep forced the vans off the road six times.\u003c/p>\n\u003ch3>Left Turns\u003c/h3>\n\u003cp>Deciding when to turn left in front of oncoming traffic without a green arrow is one of the more difficult tasks for human drivers and one that causes many crashes. Autonomous vehicles have the same trouble.\u003c/p>\n\u003caside class=\"pullquote alignright\">'I think the things that humans have challenges with, we're challenged with as well.'\u003ccite>Waymo CEO John Krafcik\u003c/cite>\u003c/aside>\n\u003cp>Waymo CEO John Krafcik said in a recent interview that his company's vehicles are still encountering occasional problems at intersections.\u003c/p>\n\u003cp>\"I think the things that humans have challenges with, we're challenged with as well,\" he said. \"So sometimes unprotected lefts are super challenging for a human, sometimes they're super challenging for us.\"\u003c/p>\n\u003ch3>Consumer Acceptance\u003c/h3>\n\u003cp>The fatal Uber crash near Phoenix last year did more than push the pause button on testing. It also rattled consumers who someday will be asked to ride in self-driving vehicles.\u003c/p>\n\u003caside class=\"alignright\">\n\u003ch3>\u003ca href=\"https://www.kqed.org/news/11658245/arizona-suspends-ubers-self-driving-vehicle-testing-after-fatal-crash\">Uber Won't Seek California Permit Renewal to Test Self-Driving Vehicles After Fatal Crash\u003c/a>\u003c/h3>\n\u003cfigure>\u003ca href=\"https://www.kqed.org/news/11658245/arizona-suspends-ubers-self-driving-vehicle-testing-after-fatal-crash\">\u003cimg src=\"https://ww2.kqed.org/wp-content/uploads/sites/10/2018/03/ntsb-uber-ff64f5bdd733572617aece2b246b2f335d0c9033-1180x885.jpg\" alt=\"\">\u003c/a>\u003c/figure>\n\u003c/aside>\n\u003cp>Surveys taken after the Uber crash showed that drivers are reluctant to give up control to a computer. One by AAA found that 73 percent of American drivers would be too fearful to ride in a fully self-driving vehicle. That's up from 63 percent in late 2017.\u003c/p>\n\u003cp>Autonomous vehicle companies are showing test passengers information on screens about where the vehicles are headed and what its sensors are seeing. The more people ride, the more they trust the vehicles, says Waymo's Krafcik.\u003c/p>\n\u003cp>\"After they become more and more confident they rarely look at the screens, and they're on their phones or relaxing or sleeping,\" he said.\u003c/p>\n\u003cp>\u003c/p>\n\u003c/div>\u003c/p>",
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"disqusTitle": "Could Tesla Price Cuts Mean Demand Is Slowing?",
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"content": "\u003cp>Tesla made about 9,300 more vehicles than it delivered last year, raising concerns among industry analysts that inventory is growing as demand for the company's electric cars may be starting to wane.\u003c/p>\n\u003cp>If demand falls, they say, the company will enter a new phase of its business. Like other automakers, Tesla will have to either cut production or reduce prices to raise sales. A drop in demand could also curtail the company's earnings and jeopardize CEO Elon Musk's promise to post sustained quarterly profits.\u003c/p>\n\u003cp>On Wednesday, Tesla did cut prices, knocking $2,000 off each of its three models. The company said the cuts will help customers deal with the loss of a $7,500 federal tax credit, which was reduced to $3,750 this month for Tesla buyers and will gradually go to zero by the end of 2019.\u003c/p>\n\u003cp>\"They have for a long time had more demand than supply,\" Gartner analyst Michael Ramsey said. \"It's becoming apparent that that dynamic is changing.\"\u003c/p>\n\u003cp>Tesla reported that it produced 254,530 cars and SUVs last year and delivered 245,240. Tesla shares had fallen by as much a 10 percent since markets opened Wednesday.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>The company's deliveries for the full year matched Wall Street estimates, but its figures for the fourth quarter didn't reach expectations. Tesla said it delivered 90,700 vehicles from October through December. Analysts polled by data provider FactSet expected 92,000.\u003c/p>\n\u003cp>Jeff Schuster, a senior vice president at the forecasting firm LMC Automotive, said demand for Tesla's lower-priced Model 3 has been artificially high for the past six months as the company overcame production problems at its Fremont factory.\u003c/p>\n\u003cp>\"You've had these inflated months because of delayed deliveries,\" Schuster said. \"We're probably getting to that point where we're getting to equilibrium and consumers aren't necessarily waiting for vehicles.\"\u003c/p>\n\u003cp>Last year, Tesla reported that about 420,000 buyers had put down $1,000 deposits to join the Model 3 waiting list.\u003c/p>\n\u003cp>LMC predicts that Tesla U.S. sales will rise in 2019 because it's the first full year on the market for the Model 3. It anticipates sales to then fall by about 10,000 in 2020.\u003c/p>\n\u003cp>Losing the tax credit will hit those who have been holding out for the $35,000 version of the Model 3, Schuster said. At present, Tesla is selling only versions that cost at least $44,000. Under federal law, buyers get the full tax credit until a manufacturer reaches 200,000 in sales since the start of 2010. Tesla hit 200,000 in July, but the full credit continued for vehicles delivered by Dec. 31. It was cut in half on Jan. 1 and will go away by the end of the year.\u003c/p>\n\u003cp>\"You've had your early adopters. Those early followers have already come in\" to buy, Schuster said. \"Now you're trying to appeal to the mainstream market. I think that will have an impact on overall demand.\"\u003c/p>\n\u003cp>At the same time, inventory appears to be rising. The company parked hundreds of cars at lots and Tesla stores all over the country at the end of last year, which could indicate excess stock. Tesla wouldn't give inventory numbers but said it has lower stocks than its two biggest competitors, BMW and Mercedes.\u003c/p>\n\u003cp>The Associated Press found one lot on the north side of Chicago where Tesla was storing dozens of vehicles in late December, and Mark Spiegel, a hedge fund manager who bets against Tesla stock, said other lots were full across the country.\u003c/p>\n\u003cp>Tesla said it sometimes stores vehicles on lots as they're being shipped to company dealerships across the nation. The lot in Chicago has fewer cars on it now, the company said. \"Our inventory levels remain the smallest in the automotive industry,\" the company said Wednesday.\u003c/p>\n\u003cp>Tesla also says Model 3 sales should grow worldwide as it expands distribution and begins to offer leases. Deliveries in Europe and China will start in February, and a right-hand-drive version is coming later in the year, the company said.\u003c/p>\n\u003cp>In addition, inventory dropped in the fourth quarter as Tesla \"delivered a few thousand vehicles more than produced.\"\u003c/p>\n\u003cp>Tesla said it had about 3,000 vehicles in transit to customers at year's end. But even with that number, Schuster said production still exceeded deliveries, which doesn't fit Tesla's business model of building cars when they are ordered by customers. Still, even at 9,300, Tesla's inventory is smaller than other automakers that have to stock dealerships, Schuster said.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003cem>This story has been corrected to show that the least expensive Tesla Model 3 costs $44,000 instead of $45,000. Also, the federal tax credit will gradually go to zero by the end of 2019, not 2018.\u003c/em>\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>Tesla made about 9,300 more vehicles than it delivered last year, raising concerns among industry analysts that inventory is growing as demand for the company's electric cars may be starting to wane.\u003c/p>\n\u003cp>If demand falls, they say, the company will enter a new phase of its business. Like other automakers, Tesla will have to either cut production or reduce prices to raise sales. A drop in demand could also curtail the company's earnings and jeopardize CEO Elon Musk's promise to post sustained quarterly profits.\u003c/p>\n\u003cp>On Wednesday, Tesla did cut prices, knocking $2,000 off each of its three models. The company said the cuts will help customers deal with the loss of a $7,500 federal tax credit, which was reduced to $3,750 this month for Tesla buyers and will gradually go to zero by the end of 2019.\u003c/p>\n\u003cp>\"They have for a long time had more demand than supply,\" Gartner analyst Michael Ramsey said. \"It's becoming apparent that that dynamic is changing.\"\u003c/p>\n\u003cp>Tesla reported that it produced 254,530 cars and SUVs last year and delivered 245,240. Tesla shares had fallen by as much a 10 percent since markets opened Wednesday.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>The company's deliveries for the full year matched Wall Street estimates, but its figures for the fourth quarter didn't reach expectations. Tesla said it delivered 90,700 vehicles from October through December. Analysts polled by data provider FactSet expected 92,000.\u003c/p>\n\u003cp>Jeff Schuster, a senior vice president at the forecasting firm LMC Automotive, said demand for Tesla's lower-priced Model 3 has been artificially high for the past six months as the company overcame production problems at its Fremont factory.\u003c/p>\n\u003cp>\"You've had these inflated months because of delayed deliveries,\" Schuster said. \"We're probably getting to that point where we're getting to equilibrium and consumers aren't necessarily waiting for vehicles.\"\u003c/p>\n\u003cp>Last year, Tesla reported that about 420,000 buyers had put down $1,000 deposits to join the Model 3 waiting list.\u003c/p>\n\u003cp>LMC predicts that Tesla U.S. sales will rise in 2019 because it's the first full year on the market for the Model 3. It anticipates sales to then fall by about 10,000 in 2020.\u003c/p>\n\u003cp>Losing the tax credit will hit those who have been holding out for the $35,000 version of the Model 3, Schuster said. At present, Tesla is selling only versions that cost at least $44,000. Under federal law, buyers get the full tax credit until a manufacturer reaches 200,000 in sales since the start of 2010. Tesla hit 200,000 in July, but the full credit continued for vehicles delivered by Dec. 31. It was cut in half on Jan. 1 and will go away by the end of the year.\u003c/p>\n\u003cp>\"You've had your early adopters. Those early followers have already come in\" to buy, Schuster said. \"Now you're trying to appeal to the mainstream market. I think that will have an impact on overall demand.\"\u003c/p>\n\u003cp>At the same time, inventory appears to be rising. The company parked hundreds of cars at lots and Tesla stores all over the country at the end of last year, which could indicate excess stock. Tesla wouldn't give inventory numbers but said it has lower stocks than its two biggest competitors, BMW and Mercedes.\u003c/p>\n\u003cp>The Associated Press found one lot on the north side of Chicago where Tesla was storing dozens of vehicles in late December, and Mark Spiegel, a hedge fund manager who bets against Tesla stock, said other lots were full across the country.\u003c/p>\n\u003cp>Tesla said it sometimes stores vehicles on lots as they're being shipped to company dealerships across the nation. The lot in Chicago has fewer cars on it now, the company said. \"Our inventory levels remain the smallest in the automotive industry,\" the company said Wednesday.\u003c/p>\n\u003cp>Tesla also says Model 3 sales should grow worldwide as it expands distribution and begins to offer leases. Deliveries in Europe and China will start in February, and a right-hand-drive version is coming later in the year, the company said.\u003c/p>\n\u003cp>In addition, inventory dropped in the fourth quarter as Tesla \"delivered a few thousand vehicles more than produced.\"\u003c/p>\n\u003cp>Tesla said it had about 3,000 vehicles in transit to customers at year's end. But even with that number, Schuster said production still exceeded deliveries, which doesn't fit Tesla's business model of building cars when they are ordered by customers. Still, even at 9,300, Tesla's inventory is smaller than other automakers that have to stock dealerships, Schuster said.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003cem>This story has been corrected to show that the least expensive Tesla Model 3 costs $44,000 instead of $45,000. Also, the federal tax credit will gradually go to zero by the end of 2019, not 2018.\u003c/em>\u003c/p>\n\n\u003c/div>\u003c/p>",
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"disqusTitle": "Elon Musk Asks Judge to Toss Diver's Lawsuit, Calling It a 'Schoolyard Spat'",
"title": "Elon Musk Asks Judge to Toss Diver's Lawsuit, Calling It a 'Schoolyard Spat'",
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"content": "\u003cp>Elon Musk is asking a California judge to throw out a lawsuit filed against him by a British diver who the tech entrepreneur called a pedophile on Twitter, arguing it was nothing more than a \"schoolyard spat on social media\" that no reasonable reader took seriously.\u003c/p>\n\u003cp>Musk's motion to dismiss, filed in court on Wednesday, argues that \"the public knew from the outset that Musk's insults were not intended to be statements of fact.\"\u003c/p>\n\u003cp>Musk called diver Vernon Unsworth a \"pedo\" in a tweet to 22.5 million followers after Unsworth criticized Musk on CNN in July, saying his efforts to help rescue young soccer players trapped in a cave in Thailand amounted to \"a PR stunt.\"\u003c/p>\n\u003cp>Musk and engineers from his rocket company, SpaceX, built a small submarine and shipped it to Thailand to help with the rescue. The device wasn't used and Unsworth said on CNN that it wouldn't have worked to free the boys, who were trapped in the flooded cave.\u003c/p>\n\u003cp>He added: \"[Musk] can stick his submarine somewhere where it hurts.\"\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>Musk later deleted his tweets about Unsworth and apologized, tweeting that his words were \"spoken in anger\" and that the submarine was built out of kindness, according to specifications from the dive team leader.\u003c/p>\n\u003cp>But on Aug. 30, Musk emailed a BuzzFeed News reporter, suggesting he investigate Unsworth and \"stop defending child rapists,\" according to the lawsuit.\u003c/p>\n\u003cp>\"He's an old, single white guy from England who's been traveling or living in Thailand for 30 to 40 years,\" Musk wrote, adding that Unsworth moved to Thailand \"for a child bride who was about 12 years old at the time,\" according to the lawsuit.\u003c/p>\n\u003cp>\"Mr. Unsworth is not a pedophile. Mr. Unsworth has never engaged in an act of pedophilia. Mr. Unsworth is not a child rapist,\" the lawsuit said, adding that Unsworth has never been married to a minor.\u003c/p>\n\u003cp>Unsworth lives in Thailand with his \"significant other,\" a 40-year-old woman, and started going to Thailand in 2011 to explore and map caves, according to the lawsuit.\u003c/p>\n\u003cp>Musk's motion to dismiss argues that the email to BuzzFeed was supposed to be off the record, but the news outlet reported at the time that its reporters had made no such agreement — a standard practice among journalists before publishing anything without attribution.\u003c/p>\n\u003cp>\"While many readers criticized Musk for lodging what they understood to be groundless accusations, not a single reader seemed to construe Musk's statements literally,\" Musk's attorneys wrote.\u003c/p>\n\u003cp>The attorneys are arguing that reasonable readers would not take any of Musk's statements as objective facts but rather, \"nonactionable opinion.\"\u003c/p>\n\u003cp>\"Here, the reasonable reader would not have believed that Musk — without having ever met Unsworth, in the midst of a schoolyard spat on social media, and from 8,000 miles afar — was conveying that he was in possession of private knowledge that Unsworth was sexually attracted to children or engaged in sex acts with children,\" according to Musk's filing.\u003c/p>\n\u003cp>Musk's statements were simply \"imaginative attacks,\" and even if they were offensive, such insults are protected by the First Amendment, the filing said.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\"[Readers] contemporaneously recognized Musk's comments for what they were: over-the-top insults not driven by firsthand knowledge,\" it said.\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>Elon Musk is asking a California judge to throw out a lawsuit filed against him by a British diver who the tech entrepreneur called a pedophile on Twitter, arguing it was nothing more than a \"schoolyard spat on social media\" that no reasonable reader took seriously.\u003c/p>\n\u003cp>Musk's motion to dismiss, filed in court on Wednesday, argues that \"the public knew from the outset that Musk's insults were not intended to be statements of fact.\"\u003c/p>\n\u003cp>Musk called diver Vernon Unsworth a \"pedo\" in a tweet to 22.5 million followers after Unsworth criticized Musk on CNN in July, saying his efforts to help rescue young soccer players trapped in a cave in Thailand amounted to \"a PR stunt.\"\u003c/p>\n\u003cp>Musk and engineers from his rocket company, SpaceX, built a small submarine and shipped it to Thailand to help with the rescue. The device wasn't used and Unsworth said on CNN that it wouldn't have worked to free the boys, who were trapped in the flooded cave.\u003c/p>\n\u003cp>He added: \"[Musk] can stick his submarine somewhere where it hurts.\"\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Musk later deleted his tweets about Unsworth and apologized, tweeting that his words were \"spoken in anger\" and that the submarine was built out of kindness, according to specifications from the dive team leader.\u003c/p>\n\u003cp>But on Aug. 30, Musk emailed a BuzzFeed News reporter, suggesting he investigate Unsworth and \"stop defending child rapists,\" according to the lawsuit.\u003c/p>\n\u003cp>\"He's an old, single white guy from England who's been traveling or living in Thailand for 30 to 40 years,\" Musk wrote, adding that Unsworth moved to Thailand \"for a child bride who was about 12 years old at the time,\" according to the lawsuit.\u003c/p>\n\u003cp>\"Mr. Unsworth is not a pedophile. Mr. Unsworth has never engaged in an act of pedophilia. Mr. Unsworth is not a child rapist,\" the lawsuit said, adding that Unsworth has never been married to a minor.\u003c/p>\n\u003cp>Unsworth lives in Thailand with his \"significant other,\" a 40-year-old woman, and started going to Thailand in 2011 to explore and map caves, according to the lawsuit.\u003c/p>\n\u003cp>Musk's motion to dismiss argues that the email to BuzzFeed was supposed to be off the record, but the news outlet reported at the time that its reporters had made no such agreement — a standard practice among journalists before publishing anything without attribution.\u003c/p>\n\u003cp>\"While many readers criticized Musk for lodging what they understood to be groundless accusations, not a single reader seemed to construe Musk's statements literally,\" Musk's attorneys wrote.\u003c/p>\n\u003cp>The attorneys are arguing that reasonable readers would not take any of Musk's statements as objective facts but rather, \"nonactionable opinion.\"\u003c/p>\n\u003cp>\"Here, the reasonable reader would not have believed that Musk — without having ever met Unsworth, in the midst of a schoolyard spat on social media, and from 8,000 miles afar — was conveying that he was in possession of private knowledge that Unsworth was sexually attracted to children or engaged in sex acts with children,\" according to Musk's filing.\u003c/p>\n\u003cp>Musk's statements were simply \"imaginative attacks,\" and even if they were offensive, such insults are protected by the First Amendment, the filing said.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\"[Readers] contemporaneously recognized Musk's comments for what they were: over-the-top insults not driven by firsthand knowledge,\" it said.\u003c/p>\n\n\u003c/div>\u003c/p>",
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"content": "\u003cp>Tesla CEO Elon Musk has agreed to pay $20 million and make a series of concessions to settle a government lawsuit alleging he duped investors with misleading statements about a proposed buyout of the company.\u003c/p>\n\u003cp>The Securities and Exchange Commission announced the agreement Saturday, just two days after filing a case seeking to \u003ca href=\"https://www.kqed.org/news/11695040/sec-sues-tesla-ceo-elon-musk-for-securities-fraud\" rel=\"noopener\" target=\"_blank\">oust Musk as CEO\u003c/a>.\u003c/p>\n\u003cp>Musk has agreed to pay a $20 million fine and resign as chairman of Tesla's Board of Directors within 45 days, \u003ca href=\"https://www.documentcloud.org/documents/4951959-Musk.html\" rel=\"noopener\" target=\"_blank\">according to the settlement\u003c/a>, which is subject to court approval. Musk will be required to relinquish his role as chairman for at least three years, but he will be able to remain as CEO.\u003c/p>\n\u003cp>The suit by the SEC stemmed from an Aug. 7, 2018 \u003ca href=\"https://twitter.com/elonmusk/status/1026872652290379776\" rel=\"noopener\" target=\"_blank\">tweet\u003c/a> by Musk saying that he was considering taking the publicly-held Tesla private at $420 per share. The SEC said the tweet was not based in fact and led to \"significant market disruption.\"\u003c/p>\n\u003cp>The SEC also announced a \u003ca href=\"https://www.sec.gov/news/press-release/2018-226\" rel=\"noopener\" target=\"_blank\">settlement with Tesla\u003c/a> over its failure to have procedures in place to determine whether Musk's tweets included information that would need to be disclosed in SEC filings \"despite notifying the market in 2013 that it intended to use Musk’s Twitter account as a means of announcing material information about Tesla and encouraging investors to review Musk’s tweets.\"\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>As part of the settlement, Tesla will replace Musk with an \"independent Chairman,\" appoint two new independent directors to its board and establish additional controls and procedures to oversee Musk’s communications — including his tweets. The company will also pay its own $20 million fine, which combined with Musk's $20 million, will be \"distributed to harmed investors under a court-approved process.\"\u003c/p>\n\u003cp>“The total package of remedies and relief announced today are specifically designed to address the misconduct at issue by strengthening Tesla’s corporate governance and oversight in order to protect investors,” said Stephanie Avakian, Co-Director of the SEC’s Enforcement Division in a statement.\u003c/p>\n\u003cp>As part of his settlement, Musk agreed to comply with the new oversight of his personal communications related to the company, including receiving pre-approval of any communications that could contain information related to Tesla or its shareholders.\u003c/p>\n\u003cp>Musk reportedly \u003ca href=\"https://www.cnbc.com/2018/09/28/teslas-musk-pulled-plug-on-settlement-with-sec-at-last-minute.html\" rel=\"noopener\" target=\"_blank\">turned down an offer\u003c/a> from the SEC on Thursday that would've kept him from being chairman for two years and forced him to pay a fine. Tesla's stock plummeted 14 percent Friday after the SEC filed its lawsuit, erasing more than $7 billion in shareholder wealth.\u003c/p>\n\u003cp>Representatives from Tesla declined to comment on the settlement.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003cem>Reporting from the Associated Press was used in this post.\u003c/em>\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>Tesla CEO Elon Musk has agreed to pay $20 million and make a series of concessions to settle a government lawsuit alleging he duped investors with misleading statements about a proposed buyout of the company.\u003c/p>\n\u003cp>The Securities and Exchange Commission announced the agreement Saturday, just two days after filing a case seeking to \u003ca href=\"https://www.kqed.org/news/11695040/sec-sues-tesla-ceo-elon-musk-for-securities-fraud\" rel=\"noopener\" target=\"_blank\">oust Musk as CEO\u003c/a>.\u003c/p>\n\u003cp>Musk has agreed to pay a $20 million fine and resign as chairman of Tesla's Board of Directors within 45 days, \u003ca href=\"https://www.documentcloud.org/documents/4951959-Musk.html\" rel=\"noopener\" target=\"_blank\">according to the settlement\u003c/a>, which is subject to court approval. Musk will be required to relinquish his role as chairman for at least three years, but he will be able to remain as CEO.\u003c/p>\n\u003cp>The suit by the SEC stemmed from an Aug. 7, 2018 \u003ca href=\"https://twitter.com/elonmusk/status/1026872652290379776\" rel=\"noopener\" target=\"_blank\">tweet\u003c/a> by Musk saying that he was considering taking the publicly-held Tesla private at $420 per share. The SEC said the tweet was not based in fact and led to \"significant market disruption.\"\u003c/p>\n\u003cp>The SEC also announced a \u003ca href=\"https://www.sec.gov/news/press-release/2018-226\" rel=\"noopener\" target=\"_blank\">settlement with Tesla\u003c/a> over its failure to have procedures in place to determine whether Musk's tweets included information that would need to be disclosed in SEC filings \"despite notifying the market in 2013 that it intended to use Musk’s Twitter account as a means of announcing material information about Tesla and encouraging investors to review Musk’s tweets.\"\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>As part of the settlement, Tesla will replace Musk with an \"independent Chairman,\" appoint two new independent directors to its board and establish additional controls and procedures to oversee Musk’s communications — including his tweets. The company will also pay its own $20 million fine, which combined with Musk's $20 million, will be \"distributed to harmed investors under a court-approved process.\"\u003c/p>\n\u003cp>“The total package of remedies and relief announced today are specifically designed to address the misconduct at issue by strengthening Tesla’s corporate governance and oversight in order to protect investors,” said Stephanie Avakian, Co-Director of the SEC’s Enforcement Division in a statement.\u003c/p>\n\u003cp>As part of his settlement, Musk agreed to comply with the new oversight of his personal communications related to the company, including receiving pre-approval of any communications that could contain information related to Tesla or its shareholders.\u003c/p>\n\u003cp>Musk reportedly \u003ca href=\"https://www.cnbc.com/2018/09/28/teslas-musk-pulled-plug-on-settlement-with-sec-at-last-minute.html\" rel=\"noopener\" target=\"_blank\">turned down an offer\u003c/a> from the SEC on Thursday that would've kept him from being chairman for two years and forced him to pay a fine. Tesla's stock plummeted 14 percent Friday after the SEC filed its lawsuit, erasing more than $7 billion in shareholder wealth.\u003c/p>\n\u003cp>Representatives from Tesla declined to comment on the settlement.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003cem>Reporting from the Associated Press was used in this post.\u003c/em>\u003c/p>\n\n\u003c/div>\u003c/p>",
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"disqusTitle": "SEC Sues Tesla CEO Elon Musk for Securities Fraud",
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"content": "\u003cp>\u003cstrong>Updated at 6:03 p.m. ET\u003c/strong>\u003c/p>\n\u003cp>The U.S. Securities and Exchange Commission is suing Tesla CEO Elon Musk, alleging securities fraud a month after he announced that he planned to take the publicly traded electric car company private.\u003c/p>\n\u003cp>\"Musk's false and misleading public statements and omissions caused significant confusion and disruption in the market for Tesla's stock and resulting harm to investors,\" the \u003ca href=\"https://www.scribd.com/document/389617063/United-States-Securities-and-Exchange-Commission-v-Musk#fullscreen&from_embed\">lawsuit \u003c/a>says.\u003c/p>\n\u003cp>The SEC is asking the court to ban Musk from acting as an officer or director of any publicly traded company. In addition to being at the helm of Tesla, he's also the CEO and founder of SpaceX.\u003c/p>\n\u003cp>Musk denies the allegations of wrongdoing and insists he did not mislead investors.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\"This unjustified action by the SEC leaves me deeply saddened and disappointed. I have always taken action in the best interests of truth, transparency and investors,\" Musk told NPR in an emailed statement.\u003c/p>\n\u003cp>\"Integrity is the most important value in my life and the facts will show I never compromised this in any way,\" he added.\u003c/p>\n\u003cp>The case stems from an Aug. 7 tweet in which Musk \u003ca href=\"https://twitter.com/elonmusk/status/1026872652290379776\">boasted \u003c/a>that he could take Tesla private at $420 a share — a significant premium over its price at the time — and that funding for the switch was \"secured.\"\u003c/p>\n\u003cp>https://twitter.com/elonmusk/status/1026872652290379776\u003c/p>\n\u003cp>Those eight words were enough to send the stock soaring — up by nearly \u003ca href=\"https://www.npr.org/2018/08/07/636412162/8-years-after-going-public-elon-musk-wants-to-take-tesla-private\">11 percent\u003c/a> by the end of the day.\u003c/p>\n\u003cp>Musk later posted that the only thing he needed to take Tesla private was a shareholder vote.\u003c/p>\n\u003cp>The SEC complaint says that \"Musk had not even discussed, much less confirmed, key deal terms, including price with any potential funding source.\"\u003c/p>\n\u003cp>It alleges the 47-year-old \"knew or was reckless in not knowing that each of these statements was false and/or misleading because he did not have an adequate basis in fact for his assertions.\"\u003c/p>\n\u003cp>As NPR's Sasha Ingber \u003ca href=\"https://www.npr.org/2018/09/18/649313979/tesla-is-under-investigation-by-the-justice-department\">reported\u003c/a>:\u003c/p>\n\u003cblockquote>\u003cp>\"Musk said [later] his tweet was prompted by \u003ca href=\"https://www.npr.org/2018/08/13/638176030/elon-musk-says-saudi-investment-fund-could-help-him-take-tesla-private\">Saudi Arabia's sovereign wealth fund\u003c/a>, which brought up the possibility of taking the company private. Tesla later admitted that it did not have the funding for the deal, and less than three weeks after his tweet, Musk walked back the prospect of going private.\u003c/p>\n\u003cp>\"Short-sellers who had anticipated that Tesla's stock would fall said Musk's tweet was meant to manipulate the shares, according to the Associated Press.\"\u003c/p>\u003c/blockquote>\n\u003cp>In a \u003ca href=\"https://www.tesla.com/blog/taking-tesla-private?redirect=no\">statement\u003c/a> on Tesla's website following the initial tweet, Musk provided an explanation for setting the stock price at $420, writing that he had calculated the price per share based on a \"20% premium over the stock price following our Q2 earnings call (which had already increased by 16%). \"\u003c/p>\n\u003cp>The court documents note the calculation resulted in a price of $419, but that Musk later admitted he had added the extra dollar — $420 — \"because he had recently learned about the number's significance in marijuana culture and thought his girlfriend 'would find it funny, which admittedly is not a great reason to pick a price.' \"\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Tesla stock was down nearly 10 percent in after-hours trading.\u003c/p>\n\u003cdiv class=\"fullattribution\">Copyright 2018 NPR. To see more, visit http://www.npr.org/.\u003cimg src=\"https://www.google-analytics.com/__utm.gif?utmac=UA-5828686-4&utmdt=SEC+Sues+Tesla+CEO+Elon+Musk+&utme=8(APIKey)9(MDAxOTAwOTE4MDEyMTkxMDAzNjczZDljZA004)\">\u003c/div>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>\u003cstrong>Updated at 6:03 p.m. ET\u003c/strong>\u003c/p>\n\u003cp>The U.S. Securities and Exchange Commission is suing Tesla CEO Elon Musk, alleging securities fraud a month after he announced that he planned to take the publicly traded electric car company private.\u003c/p>\n\u003cp>\"Musk's false and misleading public statements and omissions caused significant confusion and disruption in the market for Tesla's stock and resulting harm to investors,\" the \u003ca href=\"https://www.scribd.com/document/389617063/United-States-Securities-and-Exchange-Commission-v-Musk#fullscreen&from_embed\">lawsuit \u003c/a>says.\u003c/p>\n\u003cp>The SEC is asking the court to ban Musk from acting as an officer or director of any publicly traded company. In addition to being at the helm of Tesla, he's also the CEO and founder of SpaceX.\u003c/p>\n\u003cp>Musk denies the allegations of wrongdoing and insists he did not mislead investors.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>\"This unjustified action by the SEC leaves me deeply saddened and disappointed. I have always taken action in the best interests of truth, transparency and investors,\" Musk told NPR in an emailed statement.\u003c/p>\n\u003cp>\"Integrity is the most important value in my life and the facts will show I never compromised this in any way,\" he added.\u003c/p>\n\u003cp>The case stems from an Aug. 7 tweet in which Musk \u003ca href=\"https://twitter.com/elonmusk/status/1026872652290379776\">boasted \u003c/a>that he could take Tesla private at $420 a share — a significant premium over its price at the time — and that funding for the switch was \"secured.\"\u003c/p>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\n\u003cp>Those eight words were enough to send the stock soaring — up by nearly \u003ca href=\"https://www.npr.org/2018/08/07/636412162/8-years-after-going-public-elon-musk-wants-to-take-tesla-private\">11 percent\u003c/a> by the end of the day.\u003c/p>\n\u003cp>Musk later posted that the only thing he needed to take Tesla private was a shareholder vote.\u003c/p>\n\u003cp>The SEC complaint says that \"Musk had not even discussed, much less confirmed, key deal terms, including price with any potential funding source.\"\u003c/p>\n\u003cp>It alleges the 47-year-old \"knew or was reckless in not knowing that each of these statements was false and/or misleading because he did not have an adequate basis in fact for his assertions.\"\u003c/p>\n\u003cp>As NPR's Sasha Ingber \u003ca href=\"https://www.npr.org/2018/09/18/649313979/tesla-is-under-investigation-by-the-justice-department\">reported\u003c/a>:\u003c/p>\n\u003cblockquote>\u003cp>\"Musk said [later] his tweet was prompted by \u003ca href=\"https://www.npr.org/2018/08/13/638176030/elon-musk-says-saudi-investment-fund-could-help-him-take-tesla-private\">Saudi Arabia's sovereign wealth fund\u003c/a>, which brought up the possibility of taking the company private. Tesla later admitted that it did not have the funding for the deal, and less than three weeks after his tweet, Musk walked back the prospect of going private.\u003c/p>\n\u003cp>\"Short-sellers who had anticipated that Tesla's stock would fall said Musk's tweet was meant to manipulate the shares, according to the Associated Press.\"\u003c/p>\u003c/blockquote>\n\u003cp>In a \u003ca href=\"https://www.tesla.com/blog/taking-tesla-private?redirect=no\">statement\u003c/a> on Tesla's website following the initial tweet, Musk provided an explanation for setting the stock price at $420, writing that he had calculated the price per share based on a \"20% premium over the stock price following our Q2 earnings call (which had already increased by 16%). \"\u003c/p>\n\u003cp>The court documents note the calculation resulted in a price of $419, but that Musk later admitted he had added the extra dollar — $420 — \"because he had recently learned about the number's significance in marijuana culture and thought his girlfriend 'would find it funny, which admittedly is not a great reason to pick a price.' \"\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Tesla stock was down nearly 10 percent in after-hours trading.\u003c/p>\n\u003cdiv class=\"fullattribution\">Copyright 2018 NPR. To see more, visit http://www.npr.org/.\u003cimg src=\"https://www.google-analytics.com/__utm.gif?utmac=UA-5828686-4&utmdt=SEC+Sues+Tesla+CEO+Elon+Musk+&utme=8(APIKey)9(MDAxOTAwOTE4MDEyMTkxMDAzNjczZDljZA004)\">\u003c/div>\n\n\u003c/div>\u003c/p>",
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"content": "\u003cp>Shares of electric carmaker Tesla Inc. fell more than 6 percent early Friday after the company's accounting chief left after just a month on the job -- and after CEO Elon Musk appeared to smoke marijuana during an interview.\u003c/p>\n\u003cp>Musk appeared on \"The Joe Rogan Experience\" overnight. About two hours into the podcast, which \u003ca href=\"https://www.youtube.com/watch?v=ycPr5-27vSI&t=7800s\" target=\"_blank\" rel=\"noopener\">can be seen on YouTube\u003c/a>, Musk inhales from what the host says is a combined marijuana-tobacco joint, which Rogan notes is legal.\u003c/p>\n\u003cp>\"You probably can't because of stockholders, right?\" Rogan says, before passing the blunt to Musk, who also takes a sip of whiskey.\u003c/p>\n\u003cp>Shortly after smoking, Musk looks at his phone and laughs, telling Rogan he was getting texts from friends asking why he was smoking weed during the interview. Later Musk says he doesn't notice any effect from the joint, which he claims he rarely smokes.\u003c/p>\n\u003cp>https://www.youtube.com/watch?v=ycPr5-27vSI&t=7800s\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>As the video gained traction, more news hit. Early Friday, the Palo Alto-based company announced that Chief Accounting Officer Dave Morton resigned after a month on the job, citing public attention and the fast pace of the post.\u003c/p>\n\u003cp>The company disclosed the departure in a regulatory filing.\u003c/p>\n\u003cp>\"Since I joined Tesla on August 6th, the level of public attention placed on the company, as well as the pace within the company, have exceeded my expectations,\" the company quoted Morton as saying in the filing with the U.S. Securities and Exchange Commission.\u003c/p>\n\u003cp>\"As a result, this caused me to reconsider my future. I want to be clear that I believe strongly in Tesla, its mission, and its future prospects, and I have no disagreements with Tesla's leadership or its financial reporting,\" Morton was quoted as saying.\u003c/p>\n\u003cp>Tesla is under extreme pressure to turn a sustained net profit starting this quarter, as promised by Musk. But in the second quarter it burned through $739.5 million in cash and lost a quarterly record $717.5 million.\u003c/p>\n\u003cp>Musk has said the company is producing more than 5,000 Model 3 electric cars per week, and cash generated from the sales will bring sustained quarterly profits. The Model 3 starts at $35,000, although the cheapest one that can be purchased at present costs $49,000.\u003c/p>\n\u003cp>Moody's Investor Service downgraded Tesla's debt into junk territory in March, warning that Tesla won't have cash to cover $3.7 billion for normal operations, capital expenses and debt that comes due early next year. Tesla said cash from Model 3 sales will pay the bills and drive profits.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>The company said its accounting functions will be overseen by the chief financial officer and corporate controller. Morton's resignation is effective immediately.\u003c/p>\n\n",
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"content": "\u003cp>Entrepreneur Elon Musk and a British diver who helped rescue a dozen boys and their soccer coach from a cave in Thailand last week are engaged in a public spat over the specially designed minisubmarine that Musk offered to rescuers but was never used.\u003c/p>\n\u003cp>In \u003ca href=\"https://www.youtube.com/watch?v=1TmjpIkVDrU\">an interview with CNN\u003c/a>, diver Vern Unsworth was asked for his thoughts on Musk's \"kid-size\" submersible.\u003c/p>\n\u003cp>\"He can stick his submarine where it hurts,\" Unsworth replied.\u003c/p>\n\u003cp>https://twitter.com/CNN/status/1018612817077813248\u003c/p>\n\u003cp>Unsworth called the minisub a \"PR stunt\" by the billionaire founder of Tesla and SpaceX and said it \"had absolutely no chance of working\" because Musk and his team of engineers \"had no conception of what the cave passage was like.\"\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>He said because the vehicle was rigid, it would never have made it around and through tight spaces to reach Cave 5 in the Tham Luang Cave in northern Thailand, where the boys from the Wild Boars soccer team were trapped.\u003c/p>\n\u003cp>In tweets that appear to have since been deleted, Musk said the submarine would have managed easily, as \"you could literally have swum to Cave 5 with no gear.\"\u003c/p>\n\u003cfigure id=\"attachment_11680783\" class=\"wp-caption aligncenter\" style=\"max-width: 800px\">\u003cimg class=\"size-medium wp-image-11680783\" src=\"https://ww2.kqed.org/news/wp-content/uploads/sites/10/2018/07/ap_18190079722207_wide-b48cadf50a1a5299c1ad288ccde194d52e1fee03-800x450.jpg\" alt='This frame grab from video tweeted by Elon Musk shows his \"tiny kid-size submarine\" being tested in a pool at Palisades Charter High School on July 8 in California.' width=\"800\" height=\"450\">\u003cfigcaption class=\"wp-caption-text\">This frame grab from video tweeted by Elon Musk shows his \"tiny kid-size submarine\" being tested in a pool at Palisades Charter High School on July 8 in California. \u003ccite>(Courtesy of Elon Musk via AP)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>\"I challenge this dude to show final rescue video,\" Musk said, referring to Unsworth.\u003c/p>\n\u003cp>A few minutes later, Musk added, \"You know what, don't bother showing the video. We will make one of the mini-sub/pod going all the way to Cave 5 no problem. Sorry pedo guy, you really did ask for it.\"\u003c/p>\n\u003cp>Musk did not provide any context or evidence for his claim that Unsworth is a pedophile. And later, in another since-deleted tweet, said, \"Bet ya a signed dollar it's true.\"\u003c/p>\n\u003cp>https://twitter.com/brokenbottleboy/status/1018506740403462144\u003c/p>\n\u003cp>In an \u003ca href=\"https://www.nytimes.com/2018/07/14/opinion/sunday/elon-musk-thailand-hubris.html\">op-ed piece in The New York Times\u003c/a>, Zeynep Tufekci writes, \"Mr. Musk's desire to help was commendable. But when the head of the rescue operation, Narongsak Osottanakorn, declared that Mr. Musk's contraption was impractical for the task at hand — a task that had been completed, at that point, by some of the world's top cave divers — Mr. Musk responded with irritation. He insisted on Twitter that leaders of the operation had in fact welcomed his assistance and that Mr. Narongsak was not the 'subject matter expert.' He also expressed frustration that he was being criticized while trying to help.\"\u003c/p>\n\u003cp>Unsworth, who says he has spent the last six years exploring the cave, described it as a \"second home.\" His knowledge of the cave system proved critical in finding and rescuing the boys.\u003c/p>\n\u003cp>Meanwhile, in a video taken of the boys recovering in a hospital, they speak in Thai mixed with some English, introducing themselves and thanking their rescuers.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Asked on camera what they wanted to eat once they were released, one replies \"Fried crispy pork with rice.\" Others responses: KFC, sushi, steak and pork bbq.\u003c/p>\n\u003cdiv class=\"fullattribution\">Copyright 2018 NPR. To see more, visit http://www.npr.org/.\u003cimg src=\"https://www.google-analytics.com/__utm.gif?utmac=UA-5828686-4&utmdt=Elon+Musk+And+British+Diver+Exchange+Harsh+Words+Over+Thai+Cave+Rescue&utme=8(APIKey)9(MDAxOTAwOTE4MDEyMTkxMDAzNjczZDljZA004)\">\u003c/div>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>Entrepreneur Elon Musk and a British diver who helped rescue a dozen boys and their soccer coach from a cave in Thailand last week are engaged in a public spat over the specially designed minisubmarine that Musk offered to rescuers but was never used.\u003c/p>\n\u003cp>In \u003ca href=\"https://www.youtube.com/watch?v=1TmjpIkVDrU\">an interview with CNN\u003c/a>, diver Vern Unsworth was asked for his thoughts on Musk's \"kid-size\" submersible.\u003c/p>\n\u003cp>\"He can stick his submarine where it hurts,\" Unsworth replied.\u003c/p>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\n\u003cp>Unsworth called the minisub a \"PR stunt\" by the billionaire founder of Tesla and SpaceX and said it \"had absolutely no chance of working\" because Musk and his team of engineers \"had no conception of what the cave passage was like.\"\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>He said because the vehicle was rigid, it would never have made it around and through tight spaces to reach Cave 5 in the Tham Luang Cave in northern Thailand, where the boys from the Wild Boars soccer team were trapped.\u003c/p>\n\u003cp>In tweets that appear to have since been deleted, Musk said the submarine would have managed easily, as \"you could literally have swum to Cave 5 with no gear.\"\u003c/p>\n\u003cfigure id=\"attachment_11680783\" class=\"wp-caption aligncenter\" style=\"max-width: 800px\">\u003cimg class=\"size-medium wp-image-11680783\" src=\"https://ww2.kqed.org/news/wp-content/uploads/sites/10/2018/07/ap_18190079722207_wide-b48cadf50a1a5299c1ad288ccde194d52e1fee03-800x450.jpg\" alt='This frame grab from video tweeted by Elon Musk shows his \"tiny kid-size submarine\" being tested in a pool at Palisades Charter High School on July 8 in California.' width=\"800\" height=\"450\">\u003cfigcaption class=\"wp-caption-text\">This frame grab from video tweeted by Elon Musk shows his \"tiny kid-size submarine\" being tested in a pool at Palisades Charter High School on July 8 in California. \u003ccite>(Courtesy of Elon Musk via AP)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>\"I challenge this dude to show final rescue video,\" Musk said, referring to Unsworth.\u003c/p>\n\u003cp>A few minutes later, Musk added, \"You know what, don't bother showing the video. We will make one of the mini-sub/pod going all the way to Cave 5 no problem. Sorry pedo guy, you really did ask for it.\"\u003c/p>\n\u003cp>Musk did not provide any context or evidence for his claim that Unsworth is a pedophile. And later, in another since-deleted tweet, said, \"Bet ya a signed dollar it's true.\"\u003c/p>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\n\u003cp>In an \u003ca href=\"https://www.nytimes.com/2018/07/14/opinion/sunday/elon-musk-thailand-hubris.html\">op-ed piece in The New York Times\u003c/a>, Zeynep Tufekci writes, \"Mr. Musk's desire to help was commendable. But when the head of the rescue operation, Narongsak Osottanakorn, declared that Mr. Musk's contraption was impractical for the task at hand — a task that had been completed, at that point, by some of the world's top cave divers — Mr. Musk responded with irritation. He insisted on Twitter that leaders of the operation had in fact welcomed his assistance and that Mr. Narongsak was not the 'subject matter expert.' He also expressed frustration that he was being criticized while trying to help.\"\u003c/p>\n\u003cp>Unsworth, who says he has spent the last six years exploring the cave, described it as a \"second home.\" His knowledge of the cave system proved critical in finding and rescuing the boys.\u003c/p>\n\u003cp>Meanwhile, in a video taken of the boys recovering in a hospital, they speak in Thai mixed with some English, introducing themselves and thanking their rescuers.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Asked on camera what they wanted to eat once they were released, one replies \"Fried crispy pork with rice.\" Others responses: KFC, sushi, steak and pork bbq.\u003c/p>\n\u003cdiv class=\"fullattribution\">Copyright 2018 NPR. To see more, visit http://www.npr.org/.\u003cimg src=\"https://www.google-analytics.com/__utm.gif?utmac=UA-5828686-4&utmdt=Elon+Musk+And+British+Diver+Exchange+Harsh+Words+Over+Thai+Cave+Rescue&utme=8(APIKey)9(MDAxOTAwOTE4MDEyMTkxMDAzNjczZDljZA004)\">\u003c/div>\n\n\u003c/div>\u003c/p>",
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"info": "What kind of no sabo word is Hyphenación? For us, it’s about living within a hyphenation. Like being a third-gen Mexican-American from the Texas border now living that Bay Area Chicano life. Like Xorje! Each week we bring together a couple of hyphenated Latinos to talk all about personal life choices: family, careers, relationships, belonging … everything is on the table. ",
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"info": "The MindShift podcast explores the innovations in education that are shaping how kids learn. Hosts Ki Sung and Katrina Schwartz introduce listeners to educators, researchers, parents and students who are developing effective ways to improve how kids learn. We cover topics like how fed-up administrators are developing surprising tactics to deal with classroom disruptions; how listening to podcasts are helping kids develop reading skills; the consequences of overparenting; and why interdisciplinary learning can engage students on all ends of the traditional achievement spectrum. This podcast is part of the MindShift education site, a division of KQED News. KQED is an NPR/PBS member station based in San Francisco. You can also visit the MindShift website for episodes and supplemental blog posts or tweet us \u003ca href=\"https://twitter.com/MindShiftKQED\">@MindShiftKQED\u003c/a> or visit us at \u003ca href=\"/mindshift\">MindShift.KQED.org\u003c/a>",
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"info": "For decades, the process for how police police themselves has been inconsistent – if not opaque. In some states, like California, these proceedings were completely hidden. After a new police transparency law unsealed scores of internal affairs files, our reporters set out to examine these cases and the shadow world of police discipline. On Our Watch brings listeners into the rooms where officers are questioned and witnesses are interrogated to find out who this system is really protecting. Is it the officers, or the public they've sworn to serve?",
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"info": "Political Breakdown is a new series that explores the political intersection of California and the nation. Each week hosts Scott Shafer and Marisa Lagos are joined with a new special guest to unpack politics -- with personality — and offer an insider’s glimpse at how politics happens.",
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"info": "Possible is hosted by entrepreneur Reid Hoffman and writer Aria Finger. Together in Possible, Hoffman and Finger lead enlightening discussions about building a brighter collective future. The show features interviews with visionary guests like Trevor Noah, Sam Altman and Janette Sadik-Khan. Possible paints an optimistic portrait of the world we can create through science, policy, business, art and our shared humanity. It asks: What if everything goes right for once? How can we get there? Each episode also includes a short fiction story generated by advanced AI GPT-4, serving as a thought-provoking springboard to speculate how humanity could leverage technology for good.",
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"radiolab": {
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"reveal": {
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},
"rightnowish": {
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"title": "Rightnowish",
"tagline": "Art is where you find it",
"info": "Rightnowish digs into life in the Bay Area right now… ish. Journalist Pendarvis Harshaw takes us to galleries painted on the sides of liquor stores in West Oakland. We'll dance in warehouses in the Bayview, make smoothies with kids in South Berkeley, and listen to classical music in a 1984 Cutlass Supreme in Richmond. Every week, Pen talks to movers and shakers about how the Bay Area shapes what they create, and how they shape the place we call home.",
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"info": "Science Friday is a weekly science talk show, broadcast live over public radio stations nationwide. Each week, the show focuses on science topics that are in the news and tries to bring an educated, balanced discussion to bear on the scientific issues at hand. Panels of expert guests join host Ira Flatow, a veteran science journalist, to discuss science and to take questions from listeners during the call-in portion of the program.",
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"snap-judgment": {
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