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Tag: Tesla

Elon Musk discloses plans for self-driving cars
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Tesla short sellers make $2bn in April 

A research firm, S3 Partners, reported on Wednesday that short sellers of Tesla have made $2.16 billion in profits from mark-to-market for the month of April. However, short sellers are still experiencing $5.52 billion in mark-to-market losses for the year so far. The term mark-to-market means calculating the current value of an asset or liability […]

Business

Angry Tesla Shanghai employees confront Elon Musk over bonus cuts

After learning about reductions in their performance bonuses over the weekend, Tesla’s Shanghai manufacturing employees resorted to social media to appeal to Elon Musk and the Chinese public. A number of the posters criticized Tesla for the changes and claimed they thought the deductions were related to a deadly accident that occurred at the plant, […]

Elon Musk discloses plans for self-driving cars
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Elon Musk’s Tesla sued for privacy violation

A Tesla owner from California has filed a class action lawsuit against the electric carmaker for infringing on customers’ privacy.  As reported by Reuters on Thursday, Tesla employees had been privately sharing “highly invasive videos and images” taken by the car cameras between 2019 and 2022. The lawsuit was filed by a San Francisco resident, […]

Elon Musk discloses plans for self-driving cars
Business

Tesla cut EVs prices fifth time in 2023

Tesla’s website revealed on Thursday that the Electric Vehicles giant has reduced prices on its vehicles in the United States by between 2% and nearly 6% which makes it the fifth reduction in 2023. According to Reuters, the electric vehicle giant has been cutting prices in its largest market since the beginning of this year. […]

Tesla awaits approval to launch smart driving feature in China
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Tesla’s China-made EVs hit 35% increase with 88,869 sales

Tesla’s China-made electric vehicles continue to gain momentum in the country, as the company sold 88,869 units in March, according to data from the China Passenger Car Association. The figure represents a 35% increase from last year’s sales and a 19.4% increase from February. The majority of Tesla’s China-made sales in March were Model 3 […]

Tesla retrieves 3,470 Model Y cars over loose bolts
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Tesla retrieves 3,470 Model Y cars over loose bolts

  One of the leading electric vehicles makers, Tesla,  said it will retrieve around 3,470 2022/2023 Model Y vehicles in the United States owing to loose bolts. According to the report filing made public on Saturday by National Highway Traffic Safety Administration, the vehicles will be recalled owing to the loose tightening of the bolts […]

Tesla grants Elon Musk $29bn in shares
Business

Elon Musk becomes world’s richest man again

Tesla Chief Executive Officer, Elon Musk, has regained his title of the richest man in the world, after losing it for 82 days.   He had lost the title to French billionaire, Bernard Arnault, CEO, of LVMH Moët Hennessy Louis Vuitton, the world’s largest luxury goods company, on December 8, 2022, steming from controversies surrounding […]

Tesla Germany produces 4000 cars weekly beyond projection
News

Tesla Germany produces 4000 cars weekly beyond projection

Global manufacturer of automobiles, Tesla, announced on Monday that its German factory in Brandenburg, close to Berlin, is now manufacturing 4,000 cars per week, quadrupling from May when Chief Executive, Elon Musk had equated investment in Tesla’s new factories to “gigantic money furnaces.” The Berlin factory achieved its production goal three weeks earlier than the […]

Elon Musk sues law firm over Twitter buyout charges
News

Elon Musk hints at Twitter sale by end of 2023

Twitter chief executive, Elon Musk, has hinted about a possible succession for his role in the company towards the end of the year.   In a tweet on Wednesday, Musk hinted that towards the end of this year would be a “good time” to find someone to succeed him as the chief executive of Twitter. […]

Elon Musk discloses plans for self-driving cars
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Tesla trial: Musk to testify over $50bn compensation

Tesla tycoon Elon Musk will take the stand on Wednesday as part of a trial over his $50 billion pay package as Chief Executive Officer of the electric car giant. Musk will testify in the same Delaware court where he faced a lawsuit by Twitter to make sure he went through with his buyout of […]

News

Musk sells $3.9bn Tesla shares after Twitter deal

Tesla boss and new Twitter CEO, Elon Musk, has sold another 19.5 million shares of the electric car maker worth $3.95bn.   This is coming less than two weeks after the world’s richest man completed his $44bn takeover of Twitter.   BBC reported that Tesla’s share price has fallen by more than 50% since the […]

X to offer paid users xAI chatbot - Musk
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Twitter stock falls as Elon Musk mocks lawsuit

Twitter stock fell Monday after Tesla chief Elon Musk ditched the $44 billion deal to buy the social media giant. According to AFP, the platform’s stock dropped 5.46 per cent on Wall Street, to $34.80 by around 7:05 am (11:05 GMT). It had lost 5.10 per cent before the weekend. Musk on Friday pulled the […]

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