Tesla’s Model 3 sedan on sale in China as Elon Musk plans to increase global operation November 17, 2018 Tesla's new Model 3 sedan is now available to order in China as the company continue to expand its global operation, particularly targetting the Asian market. On the company's website it says that Model 3 deliveries to China will begin in 2019 and Tesla CEO Elon Musk confirmed via his Twitter account that they will [...]
Tesla hires new chair as Elon Musk steps down as part of SEC deal November 8, 2018 Tesla has appointed Robyn Denholm, finance chief and head of strategy at Australian telecoms firm Telstra and existing Tesla board member, as its new chair after Elon Musk was forced to step down as part of a settlement deal with the US securities watchdog. Denholm will leave her role at Telstra in six months time, to sit at the [...]
The hyperloop train is leaving the station – and the UK must be on it November 7, 2018 Britain can reasonably claim to have invented the railway. Stephenson’s Rocket represented the pinnacle of British industrial-era innovation. The ability to move products and people by steam locomotion had a transformative effect on society. British ingenuity saw railways knit communities together across the country, and eventually the globe. And for the next couple of centuries, [...]
Tesla short-seller David Einhorn warns Elon Musk’s last quarter was its peak November 6, 2018 One of Tesla's most outspoken short-sellers David Einhorn has said its most recent third quarter was "as good as it gets", spurning theories that the electric carmaker had reached a turning point. Einhorn, whose hedge fund Greenlight Capital has consistently shorted Tesla's shares, said in an earnings call this afternoon that Tesla had "exhausted" most of the [...]
Bitcoin scam: Blue-tick Twitter accounts hacked to push bitcoin scams under Elon Musk’s name November 6, 2018 Verified Twitter accounts were hacked yesterday by scammers who masqueraded as billionaire Elon Musk in an attempt to persuade users to part with bitcoins. Fashion firm Matalan, film distributor Pathe UK and Panthoen Books, a publishing house, were all hacked by scammers who proceeded to use promoted tweets to send their adverts out far and [...]
Tesla hit with SEC subpoena over Model 3 production targets November 2, 2018 Tesla has received a subpoena from US regulators over company production estimates, the firm revealed today. The US Securities and Exchange Commission (SEC) is looking into claims that the electric carmarker has made over production of its Model 3 sedans last year. Department of Justice prosecutors have also asked for the company to provide [...]
Panasonic earnings down as surging Tesla battery costs hurt profit October 31, 2018 Panasonic suffered a 15 per cent profit dip in the second quarter thanks to its investment in Tesla's battery business, the Japanese firm revealed today. The technology giant's disappointing profit yield saw it take ¥95.2bn ($840.9m) between July and September, down on the 112.7bn yen it took for the same period a year ago. The company blamed [...]
‘The Nothing of Tesla’: Elon Musk deletes his Tesla job titles after being stripped of chairmanship October 30, 2018 Tesla founder Elon Musk had deleted his job titles at the car giant just to “see what would happen”. The stunt, announced on Twitter, comes after Musk recently agreed to step down as chairman of the electric car manufacturer to prevent further action from a US regulator. He announced: “Deleted my Tesla titles last week to see what [...]
Tesla’s new Model 3 to hit British roads in the middle of next year, Elon Musk says October 25, 2018 Tesla will bring its new lower-cost, mid-range Model 3 car to the UK in mid-2019, chief executive Elon Musk said this morning. The car, which was launched last week, will also reach Australia at around the same time, Musk said on Twitter. Around mid 2019 — Elon Musk (@elonmusk) October 25, 2018 Same — Elon Musk [...]
Musk comes good on profit pledge as Tesla rolls into the black October 24, 2018 Elon Musk delivered Wall Street his long-promised pledge of putting Tesla in the black late this evening, with shares soaring more than 12 per cent after the bell as the company produced its largest quarterly profit ever. In one of the most highly anticipated reports of the third-quarter, electric car company trumped expectations after it [...]