Tesla jumps on Musk’s $20bn AI chip push Tech Tesla shares climbed around 3.5 per cent on Monday after Elon Musk unveiled plans for Terafab, a huge semiconductor manufacturing project aimed at securing chip supply for the company’s next phase of growth. The stock rose to about $381 as investors responded positively to the announcement, as the firm looks beyond electric vehicles into AI [...]
Tesla: UK sales slump by £500m as profit slashed Transport and infrastructure Sales at the UK arm of Elon Musk’s Tesla slumped by more than £500m as its profit was also slashed during its latest financial year. The division, which is headquartered in Manchester, has reported a revenue of £1.94bn for 2024, new accounts filed with Companies House show. The new figure comes after Tesla posted a [...]
Elon Musk’s payday could top $1tn with Tesla shares deal Tech Elon Musk, already the world’s richest man, is at the centre of a corporate controversy after Tesla’s board proposed a $1tn (£820bn) compensation package – the largest in corporate history. The ten-year plan, designed to incentivise Musk to focus on his EV business, would reward the chief executive with 12 tranches of shares, if Tesla [...]