A Few Clouds 32°
Tag:

Tesla

Business
Investor Survey: 85% Believe Tesla Hurt By Elon Musk's Political Power, Reports Say Investor Survey: 85% Believe Tesla Hurt By Elon Musk's Political Power, Reports Say
Investor Survey: 85% Believe Tesla Hurt By Elon Musk's Political Power, Reports Say A vast majority of people in an investor survey said CEO Elon Musk's growing political influence is damaging Tesla financially, according to reports. An investor survey by Morgan Stanley said 85 percent think Musk's political activities have had a "negative" or "extremely negative" impact on Tesla's business fundamentals, CNBC reported. An analyst from the investment banking firm received answers from 245 participants, a relatively small sample with some investors who don't have Tesla stock. Shares in the electric automaker were at $247.08 when trading opened on Wednesday, Mar. 12. Tha…

SHARE

by Chris Spiker
Business
Inflation Cools Slightly In February As Tariffs, Slowing Labor Market Fuel Economic Concerns Inflation Cools Slightly In February As Tariffs, Slowing Labor Market Fuel Economic Concerns
Inflation Cools Slightly In February As Tariffs, Slowing Labor Market Fuel Economic Concerns Consumer prices rose slightly less than expected in February, but President Donald Trump's escalating trade wars and a declining labor market are keeping economic uncertainty high. Inflation increased 0.2 percent in February and 2.8 percent over the past year, according to new Bureau of Labor Statistics data released on Wednesday, Mar. 12. The yearly inflation number remained well above the Federal Reserve's two-percent target. The monthly increase was smaller than January's jump of 0.5 percent. February's figures were also a little lower than Dow Jones expectations, CNBC reported. Co…

SHARE

by Chris Spiker
Business
Tesla Owners Disguise Vehicles As Stock Craters, Trump Calls Elon Musk Boycott 'Illegal' Tesla Owners Disguise Vehicles As Stock Craters, Trump Calls Elon Musk Boycott 'Illegal'
Tesla Owners Disguise Vehicles As Stock Craters, Trump Calls Elon Musk Boycott 'Illegal' Tesla is losing its charge with many Americans as billionaire CEO Elon Musk faces plummeting sales, a freefalling stock, growing protests, and car owners distancing themselves from the controversial brand. The electric automaker's stock has more than lost all of its post-Election Day gains. Tesla shares stood at $288.53 on Wednesday, Nov. 6, 2024, and hit an all-time high of around $480 in mid-December before beginning a sharp decline. By early March, shares fell below what they posted the day after Election Day. Tesla opened for trading at $225.11 on Tuesday, Mar. 11, marking abo…

SHARE

by Chris Spiker
Business
24-Hour Spending Blackout Targets Major Retailers, Politicians As Economic Anxiety Rises 24-Hour Spending Blackout Targets Major Retailers, Politicians As Economic Anxiety Rises
24-Hour Spending Blackout Targets Major Retailers, Politicians As Economic Anxiety Rises A grassroots movement calling on people across the country to pause all non-essential purchases has begun its first "economic blackout" in a protest against corporate greed and financial inequality. The group called The People's Union USA organized the "24-Hour Economic Blackout" on Friday, Feb. 28. Supporters were asked to avoid all non-essential spending, including purchases from major retailers like Amazon, Walmart, Best Buy, and Target, as well as gas and fast food. Supporters of the blackout were asked to only buy "absolutely necessary" items like food, medicine, and eme…

SHARE

by Chris Spiker
Business
Tesla Recalls 376K+ More Vehicles For Power Steering Issues Amid Stock Slump, Boycotts Tesla Recalls 376K+ More Vehicles For Power Steering Issues Amid Stock Slump, Boycotts
Tesla Recalls 376K+ More Vehicles For Power Steering Issues Amid Stock Slump, Boycotts As Tesla's stock slides and the company faces growing scrutiny over safety issues, another recall has been issued due to more crash risks in its vehicles, officials said. Tesla has recalled 376,241 Model 3 and Model Y vehicles, the National Highway Traffic Safety Administration said. The Teslas are at risk of losing their power steering assist. A flaw in the printed circuit board of the electronic power steering assist could cause power steering failure when the vehicle stops and then accelerates again. "A loss of power steering assist can require greater steering effort, especially at low…

SHARE

by Chris Spiker
Politics
Elon Musk's Support Plunges Among Republicans: New Poll Elon Musk's Support Plunges Among Republicans: New Poll
Elon Musk's Support Plunges Among Republicans: New Poll A new poll shows a significant decline in Republican support for billionaire Elon Musk’s influence within the Trump administration. In the days following the November 2024 election, 47 percent of surveyed Republicans by Economist/YouGov expressed a desire for Musk to have “a lot” of influence in the administration.  However, the latest poll, conducted Sunday, Feb. 2 to Tuesday, Feb. 4, indicates that this figure has dropped to 13 percent. Another 25 percent say they want Musk to have “a little” influence and 46 percent said they want “none at all.” This trend suggests a growing ambiv…

SHARE

by Joe Lombardi
Politics
Elon Musk Lieutenants Given Access To US Treasury Department’s Payments System: Report Elon Musk Lieutenants Given Access To US Treasury Department’s Payments System: Report
Elon Musk Lieutenants Given Access To US Treasury Department’s Payments System: Report Representatives from a team led by billionaire businessman and political activist Elon Musk have been granted access to the US Treasury Department’s payments system, a move that could significantly impact federal spending oversight, according to a new report. Treasury Secretary Scott Bessent authorized the change late Friday, Jan. 31, giving Musk’s Department of Government Efficiency (DOGE) team access to the federal payment system, which manages disbursements for the entire US government, The New York Times says.  The decision follows a standoff with David Lebryk, a longtime Treasury …

SHARE

by Joe Lombardi
News
$44M COVID Tax Scheme: 7 Nabbed In Largest US Case Ever $44M COVID Tax Scheme: 7 Nabbed In Largest US Case Ever
$44M COVID Tax Scheme: 7 Nabbed In Largest US Case Ever Seven New Yorkers have been charged in a sweeping tax fraud scheme, accused of exploiting pandemic relief programs to steal over $44 million, federal prosecutors announced. The indictment by the US Attorney's Office for the Eastern District of New York, unsealed Wednesday, Jan. 22, alleges that the defendants filed over 8,000 fraudulent tax returns, seeking more than $600 million in COVID-19 relief funds through the Employee Retention Credit (ERC) and related programs. Investigators determined the group successfully secured $44 million from the federal government. Defendants Long Island …

SHARE

by Joe Lombardi
Business
Tesla Recalls 239,000+ Cars For Rearview Camera Glitch In Automaker's Latest Safety Issue Tesla Recalls 239,000+ Cars For Rearview Camera Glitch In Automaker's Latest Safety Issue
Tesla Recalls 239,000+ Cars For Rearview Camera Glitch In Automaker's Latest Safety Issue Tesla is recalling nearly 240,000 vehicles after a defect was discovered that could cause rearview cameras to fail, increasing the risk of crashes, officials said. Tesla issued a recall for 239,382 cars across its 2023-25 Model X and Model Y vehicles, along with its 2024-25 Model S and Model 3 lineup, according to the National Highway Traffic Safety Administration (NHTSA). A defect in the cars' computer circuit boards can result in losing rearview camera functionality. The issue violates the Federal Motor Vehicle Safety Standard (FMVSS) for rear visibility and could compromise dri…

SHARE

by Chris Spiker
Business
2.5+ Million Teslas Investigated For Crashes Linked To Remote Driving Feature, NHTSA Says 2.5+ Million Teslas Investigated For Crashes Linked To Remote Driving Feature, NHTSA Says
2.5+ Million Teslas Investigated For Crashes Linked To Remote Driving Feature, Nhtsa Says A federal investigation has been launched into more than 2.5 million Tesla vehicles after reports of crashes involving a system that allows vehicles to be remotely controlled through a smartphone app, officials said. The National Highway Traffic Safety Administration (NHTSA) opened the probe into Tesla's "Actually Smart Summon" system on Monday, Jan. 6. A preliminary investigation report said the auto safety agency was looking into at least four crashes involving Teslas using the self-driving feature. The investigation includes an estimated 2,585,000 Teslas with full self-dri…

SHARE

by Chris Spiker
Business
These NJ Cybertrucks Cook Pizza In 2 Minutes, And Owners Have Perfect Response For The Haters These NJ Cybertrucks Cook Pizza In 2 Minutes, And Owners Have Perfect Response For The Haters
These NJ Cybertrucks Cook Pizza In 2 Minutes, And Owners Have Perfect Response For The Haters Fabio Antonio Arbelaez didn't get a Tesla Cybertruck for the attention. But when it comes to his business, it certainly doesn't hurt. "It's like a billboard on the highways," said Arbelaez, 43, who is a partner at The Columbia Inn in Montville, known for its super-thin-crust pizza, with Ryan McDermott. Arbelaez will slap a company magnet on the side of the truck and head to a party, where he'll cook The Columbia Inn's signature pie in a conveyor-like oven that he plugs into the bed of the truck. The pizza is ready in about two minutes and can feed 25 people in an hour. …

SHARE

by Cecilia Levine
Obituaries
Organs Of High School Football Player Killed In NJ Tesla Crash Will Help Others Live Organs Of High School Football Player Killed In NJ Tesla Crash Will Help Others Live
Organs Of High School Football Player Killed In NJ Tesla Crash Will Help Others Live An 18-year-old man has died nearly a week after the Tesla he was riding in was involved in a crash, police in South Jersey said. Daniel "Danny" Hass, a student at Notre Dame High School in Lawrence Township, died Saturday, Aug. 24, his family said in a post on social media. "Our happy, beautiful, warm, loving and beloved son was declared brain dead this morning," his family said. "Danny wanted to be an organ donor, and we are following his wishes! His organ donation should take place late Sunday or early Monday. NJ Sharing will have a ceremony to honor Dan’s gifts around that time." Danny…

SHARE

by Cecilia Levine
Police & Fire
Tesla Driver Arrested In NJ Road Rage Shooting, Police Say Tesla Driver Arrested In NJ Road Rage Shooting, Police Say
Tesla Driver Arrested In NJ Road Rage Shooting, Police Say A 42-year-old Bloomfield man was arrested and charged with firing gunshots at another vehicle during a road rage incident in Montclair on Monday, June 17, authorities said. Nelson Santos, who was driving a white Tesla, unsuccessfully tried to overtake the victims in their vehicle, and then continued following them until they pulled over at New Street and Washington Street just before 10 p.m., Montclair police said in a release. Santos pulled up, got out of his car and pulled out a handgun, police said. The victim attempted to drive away, but Santos then fired two rounds at the victim's vehi…

SHARE

by Sam Barron
Police & Fire
Out-Of-Control Tesla Crashes At Ridgewood Intersection Out-Of-Control Tesla Crashes At Ridgewood Intersection
Out-Of-Control Tesla Crashes At Ridgewood Intersection A driver emerged with a minor injury after his Tesla plowed into a tree and several shrubs at a Ridgewood intersection. The 30-year-old driver reportedly told police he'd swerved to avoid a slow-moving vehicle that had cut in front of him at the corner of Lincoln Avenue and Manor Road shortly before 5:30 p.m. Friday, June 7. He was treated for a wrist injury that may have been caused by an airbag, responders said. A flatbed tow truck removed the wreckage.  Ridgewood police and village Fire Rescue members responded. Boyd A. Loving took the photos and contributed to this report. Bo…

SHARE

by Jerry DeMarco
Police & Fire
Masked Target Store Masturbator At Large, Police In NJ Town Say Masked Target Store Masturbator At Large, Police In NJ Town Say
Masked Target Store Masturbator At Large, Police In NJ Town Say A man is at large in Bridgewater after he masturbated at Target twice on Thursday, May 23, police said. Officers responded to the Target at 200 Promenade Blvd. on a report of a man masturbating in front of another customer, Bridgewater police said in a release.  Two hours prior, he had masturbated in front of a customer at the same Target without them realizing, police said. Bridgewater Police The man arrived and exited the parking lot in a black Tesla SUV, police said. Anyone with information is asked to call Det. Van Doren at gvandoren@bridgewaternj.gov or by phone at (908) 7…

SHARE

by Sam Barron