The valuation represents a 31% increase from the $6.1 billion valuation the 13-year-old company achieved in April of last year, when it raised a $575 million round led by Franklin Templeton for partly the same purpose: purchasing shares from employees, including to help them cover the taxes associated with converting expiring restricted stock units (RSUs, a form of equity compensation) into shares.
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Elon Musk's Tesla is taking the California Department of Motor Vehicles to court, an attempt to win back the right to use the term "autopilot" when advertising its line of cars.