Who wants to be a trillionaire? Musk in the race as Tesla profits hit record October 21, 2021 Morgan Stanley analysts believe Tesla’s founder and chief executive Elon Musk could become the world’s first trillionaire after the company’s results hit records, the Telegraph reported. The company’s revenues jumped 57 per cent to $13.7bn, with an operating income of $2bn and a 30 per cent increase in automotive gross margin while its shares more [...]
The award for the world’s most-talked about entrepreneur goes to… October 11, 2021 Certain entrepreneurs are so innovative and forward-thinking, their ideas and creations have a monumental impact on the world. Turns out, South African Elon Musk is the most discussed entrepreneur in the world, as there were 340,957 online articles published about the Tesla tycoon from September 2020 to August of this year. In second position is [...]
Elon Musk blasts chipmakers over ‘problematic’ supply October 6, 2021 Elon Musk has fired a broadside at two of the world’s largest chip manufacturers, accusing them of hampering production of Tesla’s electric cars. The boisterous billionaire said Tesla was “operating under extreme supply chain limitations regarding certain ‘standard’ automotive chips”. He singled out Renesas and Bosch as the “most problematic by far”. Car manufacturers have [...]
Elon Musk says Tesla is developing humanoid robot that can ‘eliminate dangerous and boring tasks’ August 20, 2021 Elon Musk has said Tesla is aiming to launch the prototype of a humanoid robot called “Tesla Bot” next year. Musk added that the robot would “eliminate dangerous, repetitive, boring tasks.” Watch the full report.
Watch: Elon Musk’s satellites beam internet into Chilean boy’s life August 20, 2021 A school in the small remote fishing hamlet of Sotomo, Chile, is the beneficiary of a pilot internet program run by Starlink, a division of Elon Musk’s SpaceX. Watch the full report.
Six children and one parent injured after Tesla collides with pedestrians in British public school car park August 17, 2021 Six school children and a parent have been taken to hospital after they were hit by a Tesla car in the school car park of Ardingly College in West Sussex. One of the children was reportedly flown to hospital with serious injuries after the incident involving a blue Tesla Inc Model 3 car, during a [...]
Elon Musk sets sights on October opening for new Tesla Berlin factory August 13, 2021 Tesla hopes to make the first cars at its new gigafactory near Berlin in October or soon afterwards, boss Elon Musk has said. The electric car giant has pushed back its planned opening of the plant to late 2021, blaming German bureaucratic hurdles. The £5bn project has also come under fire from locals due to [...]
Inmarsat takes on Elon Musk and Oneweb with satellite network launch July 29, 2021 British satellite giant Inmarsat is launching a new network of satellites to offer global broadband and 5G services, joining an escalating space race alongside rivals Elon Musk and Oneweb. The project, dubbed Orchestra, will bring together the company’s existing geosynchronous satellites (Geo) with low-earth orbit satellites (Leo) and land-based 5G services to create a single [...]
Elon Musk’s Twitter antics pushes Tesla’s $23m loss in Bitcoin assets July 27, 2021 Tesla’s lofty revenue, which surpassed analyst expectations today, has been offset by a $23m loss over Bitcoin which pushed the electric carmaker to dial back its investments. Elon Musk’s carmaker did not buy or sell any digital assets in its second quarter, as it dialled back investments after purchasing some $1.5bn in Bitcoin in the [...]
Tesla shifts gear with $11.9bn revenue despite Bitcoin investment losses July 27, 2021 Elon Musk’s electric carmaker Tesla has edged past analyst forecasts with an $11.9bn revenue in its second-quarter trading, up 98 per cent year on year. Tesla also pulled in $1.1bn in net profits in the 12 weeks to 26 July, the first time it has topped $1bn in a single quarter. While the revenues are [...]