Elon Musk rejects ‘wild accusations’ SpaceX paid $250,000 to flight attendant over sexual misconduct claim ACCUSATION Elon Musk has rejected “wild accusations” his SpaceX firm paid $250K to settle a claim of alleged sexual misconduct by a former flight attendant. The Tesla owner responded to a story first reported by Business Insider, which said that a claim was made in 2018 against him, by someone who previously worked for SpaceX. The [...]
Elon Musk slams rating agency after Tesla removed from ESG index ESG Elon Musk has accused a rating agency of being “phony social justice warriors” after it removed Tesla from its ethical investing index. The S&P rating agency booted the EV giant from its ESG index on Tuesday, citing racism accusations at one of the factories and Tesla’s software malfunctions as the main reasons. The serial entrepreneur [...]
Musk says he’ll welcome Trump back to Twitter after calling ban ‘morally wrong’ MUSK - TRUMP Elon Musk has said he will lift the Twitter ban on Donald Trump after his $44bn takeover closes, calling the ban "morally wrong and flat-out stupid".
Tesla’s sales in China down by a third as Shanghai plant shrinks production May 10, 2022 Tesla continues to suffer from Covid-induced supply chain issues, with car sales in China slumping 35.7 per cent. Data from the China Passenger Car Association published today highlighted that in April the EV giant produced 10,757 China-made vehicles and sold 1,512 of them – the lowest in two years. Numbers also went down compared with [...]
Elon Musk loses bid to lift screening of tweets about Tesla April 28, 2022 The world’s richest man, Elon Musk, has lost a bid to lift a screening process on his tweets about Tesla. The new owner of Twitter had agreed for his social media posts to be looked at by a lawyer in 2018, and sought to remove the oversight. The entrepreneur, who recently said the electric car [...]
Tesla shares plunge following Musk’s Twitter takeover, with $97bn wiped off valuation April 26, 2022 Tesla’s shares plunged 11 per cent today less than a day after chief executive Elon Musk snatched Twitter for $44bn. Twitter’s takeover wiped off $97bn off of Tesla’s valuation after Musk secured a $12.5bn loan against his share in the automotive giant, the Financial Times reported. The extravagant entrepreneur said he will fund the acquisition [...]
Global supply of electric car batteries could be shifting East to West, say analysts April 26, 2022 The world’s supply of advanced batteries, critical for electric cars, could be shifting West, say analysts, as production grinds to a halt in Asia. China’s most recent Covid-19 lockdowns have ‘chipped away’ at the country’s dominance in the battery market, analysts at independent energy researcher Rystad Energy, Susan Zou and Abhishek Murali, explained. Businesses have [...]
It’s on: Twitter’s board and Elon Musk negotiate into the early hours over £36bn bid to snap up the social media giant April 25, 2022 Elon Musk and Twitter’s board negotiated into the early hours of this morning over the Tesla chief’s bid to buy the social media platform, The New York Times reported. Musk said last week that he had lined up $46.5bn, or £36.2bn, in financing to buy Twitter, putting pressure on the company’s board to negotiate a [...]
Elon Musk’s empire on a roll: Tesla reaps record profits as The Boring Company raises £515m April 21, 2022 Elon Musk’s empire seems to be on a roll, as Tesla wins the hearts of drivers looking to go green and his infrastructure business The Boring Company catches the eyes of investors. The Boring Company has raised $675m (£516m) in its latest funding round, Musk announced today, bringing the valuation to $5.7bn. The series C [...]
Tesla posts record profits as Elon Musk stands to gain $23bn windfall April 21, 2022 Tesla has seemingly won the hearts of drivers looking to go green, as rising prices has stopped short of putting off consumers from making the leap. Elon Musk’s electric vehicle (EV) company enjoyed record profits of $3.3bn (£2.5bn) in the first thee months of the year, despite inflationary headwinds. In its first quarter update published [...]