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 [...]
Lookahead: Demand questions will take centre stage at Tesla’s quarter report October 19, 2022 Demand issues are expected to take centre stage as Tesla unveils its third quarter report later tonight. Analysts have become increasingly sceptical about the electric vehicle (EV) giant’s ability to weather the storm of soaring inflation rates, sky-high energy bills and demand weaning in China. In a trading update published earlier this month, Tesla reported [...]
Rivian recalls almost all its EV trucks due to technical issue October 9, 2022 US electric truck maker Rivian has recalled most of its production due to a possible technical issue. Rivian over the weekend decided to recollect around 13,000 of its 14,317 vehicles manufactured after discovering that a fastener connecting the front upper control arm and the steering knuckle in some of its vehicles may have remained loose. [...]
Musk angers Zelensky and top Kyiv officials with controversial war tweet October 3, 2022 Elon Musk has angered Ukrainian President Volodymyr Zelensky and other top officials after he posted a controversial tweet on Monday night. The serial entrepreneur called on his 107.7 million followers to weigh in on the Ukrainian conflict. He claimed that the war will end with the UN supervising an elections’ redo in the occupied territories [...]
Musk: Starlink will lobby for exemption to operate in Iran amidst sanctions September 20, 2022 Starlink will lobby for an exemption to operate in Iran despite the current sanctions, according to the network’s owner Elon Musk. He didn’t specify on Monday night who or which legal authority he planned to lobby to. The comments came night after he tweeted that the service was now active on “all continents, including Antarctica.” [...]