Tesla shares go up after Musk’s Twitter-induced $5bn offload November 11, 2021 Tesla shares have gone up as chief executive Elon Musk sold $5bn of his stocks following a Twitter poll. The car maker’s shares have increased by 3.3 per cent to $1,103.40, recovering from a slump suffered earlier this week, when they closed 5 per cent lower on Monday compared to the previous Friday. Market shares [...]
Twitter has spoken: Tesla shares fall as Musk abides by poll November 8, 2021 Tesla’s Frankfurt-listed shares have gone down 9 per cent after Elon Musk decided to sell 10 per cent of his quota following a Twitter poll. On Saturday, the chief executive – who is in the race to become the world’s first trillionaire – launched a Twitter poll asking users whether he should sell a consistent [...]
Tesla recalls almost 12,000 vehicles due to software error November 2, 2021 Tesla has recalled 11,704 vehicles sold since 2017 in the US because of a software error that could lead to collision, Reuters reported. The company’s recall included models S, X, 3 and Y and was caused by a software update that took place on 23 October on vehicles in the limited early access Full-Serving Driving [...]
Elon Musk says he’ll sell Tesla stock if the UN can show how he can solve world hunger November 1, 2021 Responding to comments from the United Nations World Food Program (WFP) director, David Beasley, who told CNN that global hunger could be solved a “one-time” payment from some of the world’s wealthiest people, Elon Musk tweeted: “If WFP can describe on this Twitter thread exactly how $6B will solve world hunger, I will sell Tesla stock right now and do it.”
Watch as Elon Musk’s Tesla joins elite club of $1 trillion companies after Hertz deal October 26, 2021 Tesla joined an elite club of companies worth at least $1 trillion on the stock market on Monday after rental car agency Hertz announced a record-breaking electric car order for Elon Musk. Watch the full report.
Who wants to be a trillionaire? Musk in the race as Tesla profits hit record October 21, 2021 Morgan Stanley analysts believe Tesla’s founder and chief executive Elon Musk could become the world’s first trillionaire after the company’s results hit records, the Telegraph reported. The company’s revenues jumped 57 per cent to $13.7bn, with an operating income of $2bn and a 30 per cent increase in automotive gross margin while its shares more [...]
Tesla competition may force Volkswagen to speed up electric transition with job losses looming October 13, 2021 Competition from Tesla is pushing Volkswagen to think about speeding up its transition to electric vehicles, and that could spell job losses for its army of workers. Watch the full report.
Elon Musk to move Tesla HQ from Silicon Valley to Texas October 8, 2021 Elon Musk has announced that Tesla is moving its headquarters from California’s Silicon Valley to Austin, Texas after 18 years in the Golden State. The move comes after Musk butted heads with Californian politicians earlier this year when he branded lockdown restrictions “fascist” after his factories were forced to close. While Silicon Valley is considered [...]
Elon Musk blasts chipmakers over ‘problematic’ supply October 6, 2021 Elon Musk has fired a broadside at two of the world’s largest chip manufacturers, accusing them of hampering production of Tesla’s electric cars. The boisterous billionaire said Tesla was “operating under extreme supply chain limitations regarding certain ‘standard’ automotive chips”. He singled out Renesas and Bosch as the “most problematic by far”. Car manufacturers have [...]
Tesla worker awarded £100m after facing ‘daily racist epithets’ at car giant’s factory October 5, 2021 A court has awarded a Tesla worker close to £100m after suffering racial abuse at the electric carmaker’s San Francisco Bay Area factory. The jury in San Francisco agreed that Owen Diaz was subjected to racial harassment and a hostile work environment. Diaz alleged in a lawsuit that he was harassed and faced “daily racist [...]