Elon Musk: Twitter a ‘powerful tool’ to drive Tesla’s demand as car maker’s revenue soars to $24.3bn TESLA Twitter is “an incredibly powerful tool” to drive Tesla’s demand, according to chief executive Elon Musk. “I really encourage all kinds of automotive companies to use their Twitter accounts in ways that are interesting, informative and entertaining and it will help drive sales just as it has with Tesla,” Musk told investors on Wednesday night. [...]
Tesla shares: How Musk made history with the biggest loss of personal wealth ever recorded Elon Musk The ongoing woes at social media microblogging site Twitter have impacted hugely on the wealth of its owner, the world’s richest person Elon Musk. Musk lost an estimated £135bn between November 2021 and December 2022, according to Guinness World Records. This means he holds the record for the largest ever loss of a personal fortune. [...]
Musk miss: Tesla’s latest update leaves investors with yet more questions MISSED TARGETS Tesla has missed analyst estimates as it delivered only 405,000 cars in the fourth quarter of 2022 – significantly fewer than Tesla-watchers were expecting. Wall Street had hoped for the number to be above 430,000. The miss is the latest cloud hanging over the firm’s controversial founder Elon Musk, with the firm’s 40 per cent [...]
Elon Musk’s year in Tweets: Ukraine, buying Twitter, Trump, Bitcoin and blue ticks December 21, 2022 Elon Musk’s time as Twitter CEO has been controversial. Even before his purchase of the social media platform, the business magnate and investor was an avid Twitter user. After a turbulent year online – and off – we have done the painstaking task of trawling through the Tesla billionaire’s feed, for high (and low) points [...]
Tesla stock swings as Musk misbehaves December 20, 2022 Stock prices for Tesla have been unstable as CEO Elon Musk continues his streak of chaos on Twitter. Investors in Tesla have been critical of Musk’s new role in Twitter. His policies on the social media platform will backfire on the car brand, they claim. ““Customers don’t want their cars to be controversial. They want [...]
Elon Musk offloads another £2.9bn of Tesla shares sparking investors’ fury December 15, 2022 Elon Musk has offloaded a further $3.6bn (£2.9bn) worth of Tesla shares, sparking the fury of several investors. The serial entrepreneur announced late last night he relinquished 22 million of the EV giant’s shares between Monday and Wednesday. The $3.6bn sale is the second time Musk has sold part of his stake in the company [...]
Musk defends $56bn Tesla pay package saying he was focusing on the company’s execution November 16, 2022 Elon Musk took the stand to defend his $56bn (£47.7m) Tesla pay package from 2018, saying the EV maker was his sole focus at the time. “I was entirely focused on the execution of the company,” he told a US tribunal on Wednesday. Musk was taken to court by a company shareholder who accused the [...]
Going cold: Mercedes follows in Tesla’s footsteps and cuts EV prices in China November 16, 2022 Mercedes has followed in Tesla’s footsteps and cut the price of its electric vehicle (EV) models in China due to a slowing demand. The luxury car maker announced late on Tuesday the price of the EQE electric SUV would be cut by 9 per cent while the EQS model would be between 11 and 22 [...]
Musk to defend astronomical £47.7bn Tesla pay package in US court November 14, 2022 Elon Musk is set to appear in a US court as soon as tomorrow as he is bound to take the stand and defend his astronomical $56bn (£47.7bn) pay package. The serial entrepreneur was taken to court by a company shareholder who argued that Tesla’s board – and consequently investors – was made to approve [...]
Shareholders launch campaign to tie Elon Musk’s salary to Tesla’s ESG October 20, 2022 Shareholders, spearheaded by activist investor Tulipshare, have launched a campaign to tie Elon Musk’s salary to Tesla’s environmental, social and governance (ESG) performance. The announcement comes months after the electric vehicle (EV) powerhouse was booted from S&P’s ESG index. According to Tulipshare, tying the chief executive’s salary to ESG would ensure the company improves its [...]