Elon Musk

Spy photographers have snapped a modified Tesla Model S testing near the Nürburgring Nordschleife. Last month, the Porsche Taycan set a 7:42 minute lap time on the famous racetrack, claiming the record for fastest four-door production electric car. The Taycan's effort didn't go unnoticed in Silicon Valley. Just a day after the first-ever electric Porsche was revealed, Elon Musk tweeted about plans for a record run in the Model S.

Craig Irwin, an analyst at Roth Capital Partners, has told CNBC his company believes Apple made a bid of US$240 per share for Tesla back in 2013. Through multiple sources Irwin has "complete confidence" Apple made a "serious bid", but he isn't sure if the interest went as far as formal paperwork. According Irwin the talks broke down over Apple's insistence Elon Musk step down from the helm.

The Securities and Exchange Commission (SEC) and Elon Musk, CEO of Tesla, have come to a more detailed agreement regarding tweets which could affect the automaker's share price.

Tesla has jacked up the prices of its Superchargers around the world, having last week cut its workforce and ended its long-running referral program. Discovered by Electrek and confirmed by the company, fee increases of 33 per cent are being reported on Superchargers in some American states. In Australia, the average price for charging will jump from $0.35 per kWh to $0.47 per kWh.

Elon Musk, outspoken CEO of Tesla, has confirmed the company was close to running out of cash as it dealt with numerous production issues surrounding its Model 3 sedan. In an interview with the Axios news program, which airs on HBO, Musk said, "The company was bleeding money like crazy [earlier this year], and if we didn’t solve these problems in a very short period of time, we would die".