Elon Musk

U.S. safety regulators have pressured Tesla into recalling nearly 363,000 vehicles with its "Full Self-Driving" system because it misbehaves around intersections and doesn't always follow speed limits. The recall, part of a larger investigation by the National Highway Traffic Safety Administration into Tesla's automated driving systems, is the most serious action taken yet against the electric vehicle maker. The safety agency says in documents posted on its website, that Tesla will fix the concerns with an online software update in the coming weeks. The documents say Tesla is doing the recall but does not agree with an agency analysis of the problem. More LiveNOW from FOX streaming video

Tesla's massive price cuts are shaking up the auto industry and impacting decisions for current owners and prospective buyers. "These price cuts, as well as inventory on the ground, will win Tesla market share and help consumers overlook the brand's aging lineup," said Jessica Caldwell, Edmunds' executive director of insights. The Tesla website shows the Model Y with the largest drop in sticker price, from $65,990 to $52,990, a 20% decrease. The lowest-priced Model 3 dropped to $43,990 from $46,990, a 6.4% drop For people currently in, or considering entering, the Tesla market -- price cuts of 20% or more don't come around often, so acting now is in your best interest before any corrections in the opposite direction. For current Tesla owners, the best course of action is to keep the keys and wait for the market to shift. Eventually the value of your Tesla will normalize the longer it's in your possession. More LiveNOW from FOX streaming video

Elon Musk took the witness stand Friday to defend 2018 tweets claiming he had lined up the financing to take Tesla private in a deal that never came close to happening. Some investors said the tweet cost them millions. At one point during Musk's testimony, he said, "I care a great deal about retail investors. They are our most loyal and steadfast investors." The trial hinges on the question of whether a pair of tweets that Musk posted on Aug. 7, 2018, damaged Tesla shareholders during a 10-day period leading up to a Musk admission that the buyout he had envisioned wasn?t going to happen. More LiveNOW from FOX streaming video