The Tesla CEO will testify about the $2.5 billion deal in a shareholder lawsuit that alleges Tesla's acquisition was rife with conflicts of interest, overlooked SolarCity's fundamental weaknesses and failed to produce profits Musk had promised.

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The company made the announcement during an investor conference at its Palo Alto, California, headquarters Monday.

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Tesla announced last month that it would shutter most of its stores to cut costs so it could sell its lower-priced Model 3 for $35,000. The company continues its shift to toward online-only sales, but now says it won't close…

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The launch window opens on Saturday at 2:49 a.m. EST, and is the first time the privately owned capsule, which is designed to carry humans into space, is testing its ability.

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Tesla's cheapest model right now is the $44,000 Model 3, and it needs to broaden its customer base to survive.

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Tesla CEO Elon Musk and the electric car company have agreed to pay a total of $40 million and make a series of concessions to settle a government lawsuit.

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U.S. securities regulators have filed a complaint against Tesla CEO Elon Musk for falsely claiming on Twitter last month that funding was secured to take electric car company private.

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Elon Musk called Vernon Unsworth a "pedo" in a tweet after Unsworth criticized Musk in a television interview.

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Shares of electric car maker Tesla Inc. tumbled about 7 percent as the markets opened Friday after the CEO appeared to smoke marijuana during an interview and the company's accounting chief left after a month on the job.

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Electric car and solar panel maker Tesla Inc. will remain on the public stock exchanges after CEO Elon Musk said Friday that investors have convinced him the company shouldn't go private.

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