Tesla shares tumble on Musk’s call for ‘hardcore’ review and Autopilot crash concerns
5 years, 7 months ago

Tesla shares tumble on Musk’s call for ‘hardcore’ review and Autopilot crash concerns

LA Times  

Bloomberg Tesla Inc. shares slid to their lowest close in almost 2½ years Friday after Elon Musk called for a “hardcore” review of all the electric-car maker’s expenses and an analyst warned of potentially severe fallout from a fatal crash involving Autopilot. Musk, Tesla’s chief executive, wrote in an email to staff late Thursday that he and new Chief Financial Officer Zachary Kirkhorn will review “literally every payment” that leaves the company’s coffers to confirm that expenditures are critical. The email is similar to a message Musk, 47, sent to employees in April 2018, when he announced he had asked Tesla’s finance team to “comb through every expense worldwide, no matter how small, and cut everything that doesn’t have a strong value justification.” As was the case a little over a year ago, Tesla is also dealing with criticism of Autopilot following the death of a customer using the driver-assistance system. After the National Transportation Safety Board linked Autopilot to a fatal crash in March, Consumer Reports called for Tesla to make immediate changes to restrict drivers from using the system in unsafe conditions and said the company needed to more effectively monitor driver engagement.

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History of this topic

Tesla CEO Elon Musk donates shares worth $100 million to charities
4 days, 8 hours ago

Tesla CEO Elon Musk donates shares worth $100 million to charities

Live Mint  

Tesla CEO Elon Musk donated 268,000 Tesla shares to undisclosed charities shortly before the new year, as per regulatory filing. In 2022, he donated Tesla shares worth $1.95 billion, and in 2021, he contributed approximately $5.74 billion to the Musk Foundation, his nonprofit organization. According to the filing with the Securities and Exchange Commission, the shares were donated as part …

Elon Musk's Tesla sees first sales drop since 2011 as competition rises, Trump support holds back customers
6 days, 1 hour ago

Elon Musk's Tesla sees first sales drop since 2011 as competition rises, Trump support holds back customers

Hindustan Times  

For the first time since 2011, Elon Musk's electric vehicle, Tesla, saw its sales drop by 1.1% in 2024, news agency Associated Press reported, citing the company's sales figures. Tesla CEO and X owner Elon Musk listens as US President-elect Donald Trump speaks during a meeting with House Republicans at the Hyatt Regency hotel in Washington, DC, U.S. on November …

Elon Musk's Tesla sees first annual sales decline: 1.1% drop in 2024
6 days, 16 hours ago

Elon Musk's Tesla sees first annual sales decline: 1.1% drop in 2024

India Today  

For the first time since 2011, Tesla on Thursday reported an annual decline in global vehicle sales, sinking a stock that has soared since Donald Trump’s victory. Tesla’s global vehicle sales rose 2.3% in the final quarter thanks to 0% financing, free charging and low-priced leases. The year-over-year global sales drop is Tesla’s first since 2011, according to figures from …

Tesla sees first drop in number of cars delivered in nine years sending stock tumbling
Trending News
6 days, 18 hours ago

Tesla sees first drop in number of cars delivered in nine years sending stock tumbling

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Tesla's global annual sales …

Tesla’s global vehicle deliveries fell in 2024 for the first time in years
Top News
6 days, 20 hours ago

Tesla’s global vehicle deliveries fell in 2024 for the first time in years

Live Mint  

Tesla’s global vehicle deliveries fell in 2024 for the first time in more than a decade, after a surge of promotional deals in the fourth quarter failed to stimulate sales enough to top the prior-year results. The result—a quarterly record—was up about 2% from a year earlier, but it fell short of the roughly 515,000 vehicles it needed to sell …

Tesla’s annual sales fall for first time in company history
1 week ago

Tesla’s annual sales fall for first time in company history

LA Times  

Tesla sales declined for the first time in the company’s history last year, the company reported Thursday, reflecting what analysts said was a lack of new models in an increasingly competitive market for electric vehicles. Given the company’s commanding lead in electric vehicle market share, slow or no growth at Tesla adds another challenge to California Gov. Tesla, once a …

Tesla reports sales drop for 2024, first annual decline in at least 9 years
1 week ago

Tesla reports sales drop for 2024, first annual decline in at least 9 years

LA Times  

Tesla’s global annual sales fell for the first time in at least nine years in 2024. Tesla’s global annual sales fell for the first time in at least nine years, with a 2.3% increase in the final quarter not enough to overcome a sluggish start to 2024 despite offers of 0% financing, free charging and low-priced leases. Analysts polled by …

Elon Musk's Tesla stocks on unstoppable rally after Trump's win, here's why
1 month, 3 weeks ago

Elon Musk's Tesla stocks on unstoppable rally after Trump's win, here's why

Firstpost  

In the trading days since the 2024 US Presidential election, Tesla stocks, all together, surged past 40 per cent, adding more than $300 billion in market capitalisation An unstoppable rally is seen in Tesla stocks as investors continue to bet big after Donald Trump wins the 2024 US Presidential election as they feel it would bring windfalls to the Elon …

Elon Musk's Tesla hits $1 trillion market value after Trump win
2 months ago

Elon Musk's Tesla hits $1 trillion market value after Trump win

India Today  

Tesla's market value closed above the $1 trillion mark in a sharp rally on Friday, on expectations that CEO Elon Musk's companies will get favourable treatment under President-elect Donald Trump for his extensive support during the poll campaign. "Tesla and CEO Elon Musk are perhaps the biggest winners from the election result, and we believe Trump's victory will help expedite …

Tesla shares soar more than 14% as Trump win is seen boosting Elon Musk’s electric vehicle company
2 months ago

Tesla shares soar more than 14% as Trump win is seen boosting Elon Musk’s electric vehicle company

Associated Press  

NEW YORK — Shares of Tesla soared Wednesday as investors bet that the electric vehicle maker and its CEO Elon Musk will benefit from Donald Trump’s return to the White House. Tesla stands to make significant gains under a Trump administration with the threat of diminished subsidies for alternative energy and electric vehicles doing the most harm to smaller competitors. …

Tesla shares soar 14% as Trump win sets stage for Elon Musk's electric vehicle company
2 months ago

Tesla shares soar 14% as Trump win sets stage for Elon Musk's electric vehicle company

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Tesla shares soar pre-market as Trump hails 'genius' Musk
Trending News
2 months ago

Tesla shares soar pre-market as Trump hails 'genius' Musk

New Indian Express  

PARIS, France: Shares in Tesla soared in pre-market trading Wednesday after Donald Trump claimed victory in the US presidential election and hailed the electric car company's boss Elon Musk as a "genius". "We have a new star, a star is born: Elon," Trump said, marvelling at Musk's SpaceX rocket and the deployment of the Starlink satellite internet service during Hurricane …

Tesla Soars to New Heights, Market Cap Soars Past $150 Billion
2 months, 1 week ago

Tesla Soars to New Heights, Market Cap Soars Past $150 Billion

Firstpost  

Tesla's stock soars on strong sales and cost-cutting, with the company's market value increasing by $150 billion in a single day. This impressive rally erases recent losses and alleviates concerns about Musk's focus on new ventures like Robotaxi. However, regulatory hurdles surrounding driverless ride-hailing services remain a potential roadblock to Tesla's ambitious plans.

Tesla Soars 4.43% on Strong Q3 Results, Up 1.29% on Nasdaq
Trending News
2 months, 2 weeks ago

Tesla Soars 4.43% on Strong Q3 Results, Up 1.29% on Nasdaq

Live Mint  

Tesla shares continue to rally, with the company reporting a strong third-quarter profit. The stock rose 4.43 per cent, reaching a new high of $269.11. Tesla's net income increased by 17%, marking a turnaround from the previous quarter's decline. The company's revenue also increased, contributing to the positive performance.

Tesla's AI Ambitions Propel Market Growth, But Profitability Remains a Challenge
Trending News
2 months, 2 weeks ago

Tesla's AI Ambitions Propel Market Growth, But Profitability Remains a Challenge

Live Mint  

Tesla's AI ambitions are gaining attention, but the company faces challenges in funding these endeavors. Musk plans to spend heavily on AI-related expenses, including the development of self-driving cars and AI-powered robots. However, Tesla's profit margins are under pressure due to lower vehicle deliveries and aging model lineup. The company's focus on AI and robotics could potentially boost its market …

Tesla's value dropped by $60 billion following 'glowing' unveiling of Cybercab robotaxi. Here's why
2 months, 3 weeks ago

Tesla's value dropped by $60 billion following 'glowing' unveiling of Cybercab robotaxi. Here's why

Firstpost  

Many analyst expected more specific data, such as timelines and production numbers, which are typically provided at Tesla’s events. Instead, the showcase focused heavily on branding and promoting Tesla’s broader vision, leaving the investment community with little to work with However, despite the big promises, many investors and analysts left the event feeling unsatisfied. Analysts pointed out that the presentation …

What next for Tesla shares? Why energy storage may decide its future
4 months, 1 week ago

What next for Tesla shares? Why energy storage may decide its future

Daily Mail  

There are various factors behind the poor performance in the shares of this member of the Magnificent Seven of tech. Chinese manufacturers, such as BYD and Geely, are challenging Tesla's dominance – especially in China, the world's largest EV market. BMW may hold on to this advantage following the imposition by the EU of a 9 per cent duty on …

Nasdaq sees biggest drop in 2 years as tech earnings spark selloff
5 months, 2 weeks ago

Nasdaq sees biggest drop in 2 years as tech earnings spark selloff

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Major stocks fell dramatically …

Tesla’s auto woes crash Elon Musk’s AI dreams
5 months, 2 weeks ago

Tesla’s auto woes crash Elon Musk’s AI dreams

Live Mint  

Tesla finally has financial results to support the argument that it is more than a car company. At last, claims that Tesla isn’t just a car company have some grounding in the numbers, rather than merely in the expansive vision of chief executive Elon Musk. Tesla’s second-quarter delivery update already made the strength of the energy business clear, so this …

Tesla’s quarterly profit falls 45% as sales drop despite price cuts
5 months, 2 weeks ago

Tesla’s quarterly profit falls 45% as sales drop despite price cuts

LA Times  

Tesla’s second-quarter net income fell 45% compared with a year ago as the company’s global electric vehicle sales tumbled despite price cuts and low-interest financing. Earlier this month Tesla said it sold 443,956 vehicles from April through June, down 4.8% from 466,140 sold in the same period a year ago. For the first half of the year, Tesla has sold …

Tesla CEO Elon Musk appears to confirm delay in Aug. 8 robotaxi unveil event to make design change
5 months, 3 weeks ago

Tesla CEO Elon Musk appears to confirm delay in Aug. 8 robotaxi unveil event to make design change

Associated Press  

DETROIT — Tesla CEO Elon Musk on Monday appeared to confirm a report that the company’s much-ballyhooed event to unveil a robotaxi will be delayed beyond its scheduled Aug. 8 date. For many years Musk has said Tesla’s “Full Self Driving” system will allow a fleet of robotaxis to generate income for the company and Tesla owners, making use of …

Elon Musk is $29.9 billion poorer, biggest billionaire loser so far in 2024
6 months ago

Elon Musk is $29.9 billion poorer, biggest billionaire loser so far in 2024

Hindustan Times  

Elon Musk's net worth has fallen more than any other billionaire in the world in the first six months of 2024, as per Forbes’ estimates. The Tesla boss has lost money despite a boom in stock market although the massive salary package cleared by his company's shareholders could raise Elon Musk’s fortunes. From December 31, 2023 to June 28, 2024, …

Tesla sales fall in Q2 despite price cuts
6 months ago

Tesla sales fall in Q2 despite price cuts

Associated Press  

DETROIT — Tesla’s global sales fell for the second straight quarter despite price cuts and low-interest financing offers, another sign of weakening demand for the company’s products and electric vehicles overall. AP AUDIO: Tesla sales fall for second straight quarter despite price cuts, but decline not as bad as expected AP correspondent Tom Krisher reports Tesla sale numbers may be …

Musk wins pay approval but still faces Tesla's floundering stock and rich valuation
6 months, 3 weeks ago

Musk wins pay approval but still faces Tesla's floundering stock and rich valuation

Hindustan Times  

* Musk wins pay approval but still faces Tesla's floundering stock and rich valuation Shareholders re-approve controversial pay package * Tesla's stock rises nearly 3% on Thursday, remains down 27% in 2024 * Market cap remains by far the highest among automakers By Noel Randewich June 14 - Tesla shareholders approved CEO Elon Musk's $56 billion pay package in a …

Tesla Quarter 1 profit falls 55%, company plans move to cheaper vehicles
8 months, 2 weeks ago

Tesla Quarter 1 profit falls 55%, company plans move to cheaper vehicles

Hindustan Times  

Tesla’s first-quarter net income plummeted 55%, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate production of new, more affordable vehicles. On a conference call with analysts, CEO Elon Musk said he expects production to start in the second half of next year “if not late this year.” New factories or massive new …

Musk's Tesla to report Q1 earnings: What to expect, points to watch for, experts' predictions
8 months, 2 weeks ago

Musk's Tesla to report Q1 earnings: What to expect, points to watch for, experts' predictions

Hindustan Times  

Tesla is set to report its Q1 earnings on Tuesday, April 23. More recently, just a day ahead of the Q1 earnings call, Tesla stock dropped another 3.4%, falling to $142.05 per share. As investors await the latest earnings call, some of the pointers that are likely to be under watch are a potential new strategy, the possibility of the …

Tesla 1Q profit falls 55%, but stock jumps as company moves to speed production of cheaper vehicles
8 months, 2 weeks ago

Tesla 1Q profit falls 55%, but stock jumps as company moves to speed production of cheaper vehicles

Associated Press  

Tesla’s first-quarter net income plummeted 55%, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate production of new, more affordable vehicles. On a conference call with analysts, CEO Elon Musk said he expects production to start in the second half of next year “if not late this year.” New factories or massive new …

Tesla earnings a 'moment of truth' for Elon Musk after stumbles. Here's why
8 months, 2 weeks ago

Tesla earnings a 'moment of truth' for Elon Musk after stumbles. Here's why

Hindustan Times  

Tesla CEO Elon Musk faces heightened pressure with Tuesday's earnings report to reassure investors that recent stumbles are simply unexpected speed bumps -- and not indications of a road to decline. Tuesday's earnings and conference call are a "moment of truth" for Tesla and Musk, constituting "one of the most important moments in the company's history in our view," said …

Tesla profits have plummeted. Elon Musk remains all-in on robotaxis
8 months, 2 weeks ago

Tesla profits have plummeted. Elon Musk remains all-in on robotaxis

NPR  

Tesla profits have plummeted. Elon Musk remains all-in on robotaxis Enlarge this image toggle caption Ebrahim Noroozi/AP Ebrahim Noroozi/AP After a barrage of bad news and a sharp drop in profits at Tesla, CEO Elon Musk sought to reassure investors on Tuesday that the revolutionary electric vehicle company is still on a long-term path to growth — thanks to AI …

Tesla’s first-quarter net income tumbles 55% as falling global sales and price cuts reduce profits
8 months, 2 weeks ago

Tesla’s first-quarter net income tumbles 55% as falling global sales and price cuts reduce profits

LA Times  

Tesla said it made $1.13 billion from January through March compared with $2.51 billion in the same period a year ago. Tesla’s first-quarter net income plummeted 55% as falling global sales and price cuts sliced into the electric vehicle maker’s revenue and profit margins. Tesla said in a letter to investors Tuesday that its vehicle sales growth “may be notably …

Tesla cuts prices amid global challenges
8 months, 2 weeks ago

Tesla cuts prices amid global challenges

China Daily  

This file photo taken on Jan 12, 2018, shows a Tesla logo seen in Los Angeles, California, the US. The world's largest EV maker by volume, which is owned by the technology billionaire Elon Musk, said it would reduce prices in all of its major markets, which include the US, Germany, and China. The Chinese smartphone maker Xiaomi has also …

Tesla cuts the price of its “Full Self Driving” system by a third to $8,000
8 months, 2 weeks ago

Tesla cuts the price of its “Full Self Driving” system by a third to $8,000

Associated Press  

NEW YORK — Tesla knocked roughly a third off the price of its “Full Self Driving” system — which can’t drive itself and so drivers must remain alert and be ready to intervene — to $8,000 from $12,000, according to the company website. The cuts, which occurred on Saturday, follow Tesla’s moves to slash $2,000 off the prices of three …

Tesla shares drop below $150, wiping out a year’s gains — three days days after Musk sacked 14k people
8 months, 3 weeks ago

Tesla shares drop below $150, wiping out a year’s gains — three days days after Musk sacked 14k people

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. The price cuts caused used electric vehicle values …

Tesla shares tumble below $150 per share, giving up all gains made over the past year
8 months, 3 weeks ago

Tesla shares tumble below $150 per share, giving up all gains made over the past year

Associated Press  

Tesla’s stock tumbled below $150 per share, giving up all of the gains made over the past year as the electric vehicle maker reels from falling sales and steep discounts intended to lure more buyers. Tesla sales fell sharply last quarter as competition increased worldwide, electric vehicle sales growth slowed, and price cuts failed to draw more buyers. Dan Ives, …

Tesla share price falls 37% in 2024 as Elon Musk’s EV maker suffers demand slowdown; market value drops below $500 bn
8 months, 3 weeks ago

Tesla share price falls 37% in 2024 as Elon Musk’s EV maker suffers demand slowdown; market value drops below $500 bn

Live Mint  

Tesla share price extended fall for 2024, pushing its market valuation briefly below $500 billion amid a round of job cuts this week underscoring that the company’s growth has slowed. Tesla shares have not closed with a market value under $500 billion since late April last year and stayed narrowly above the mark as of Tuesday’s close, Bloomberg News reported. …

Is the global EV bubble bursting? As global demand starts to slow, share prices tank and Tesla cuts 10% of the workforce....are car giants ready to slam the brakes on electric revolution?
8 months, 3 weeks ago

Is the global EV bubble bursting? As global demand starts to slow, share prices tank and Tesla cuts 10% of the workforce....are car giants ready to slam the brakes on electric revolution?

Daily Mail  

Elon Musk's announcement that Tesla will lay off ten percent of its workforce shocked many but it may be inline with figures that suggest the global demand for electronic vehicles is slumping across the world. In the first quarter of 2024, the two biggest manufacturers of electronic vehicles, Tesla and its Chinese rival BYD reported dramatic sales drops compared against …

‘There is nothing I hate more, but it must be done’: Elon Musk to cut 14,000 jobs from Tesla
8 months, 3 weeks ago

‘There is nothing I hate more, but it must be done’: Elon Musk to cut 14,000 jobs from Tesla

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Electric vehicle powerhouse Tesla …

Tesla shares drop 2% as firm plans to slash more than 10% of its global staff - around 14,000 workers - blaming drop in EV car demand and fire at Berlin factory
8 months, 3 weeks ago

Tesla shares drop 2% as firm plans to slash more than 10% of its global staff - around 14,000 workers - blaming drop in EV car demand and fire at Berlin factory

Daily Mail  

Tesla shares dropped this morning after the firm announced plans to lay off 'more than 10 per cent' of its global workforce as demands for its electric vehicles start to falter in a highly competitive market. Musk said the 'difficult decision' to reduce staff will 'enable us to be lean, innovative and hungry for the next growth phase cycle' Tesla …

Tesla to slash more than 10% of its global workforce
8 months, 3 weeks ago

Tesla to slash more than 10% of its global workforce

LA Times  

A truck loaded with Tesla cars departs the company’s Fremont manufacturing plant in 2020. Tesla Inc. is laying off more than 10% of its workforce, Chief Executive Elon Musk wrote in an email to staff. “Streamlining is one thing, but the size of this cut is a concern for a company that’s still in growth mode.” Although Tesla moved its …

Tesla slams into reverse as sales fall for first time in four years: £20bn wiped off value of electric car firm
9 months ago

Tesla slams into reverse as sales fall for first time in four years: £20bn wiped off value of electric car firm

Daily Mail  

More than £20billion was wiped off the value of Tesla last night after it reported the first fall in car sales for four years. Darker days: Tesla boss Elon Musk has seen the electric car maker's first slump in sales in four years Tesla shares fell more than 5 per cent, wiping £22billion off the value of the company. BYD, …

Why Tesla’s electric car bubble is threatening to burst
9 months, 1 week ago

Why Tesla’s electric car bubble is threatening to burst

The Telegraph  

The drop, the first since 2020, was far below even the most gloomy expectations of investment analysts. The company blamed the tough start to the year on teething problems with the production of its updated Model 3 at its Californian factory and “factory shutdowns resulting from shipping diversions caused by the Red Sea conflict and an arson attack at Gigafactory …

Tesla sales fall short of estimates in first drop since 2020
9 months, 1 week ago

Tesla sales fall short of estimates in first drop since 2020

LA Times  

Tesla sales fell short of estimates in the first three months of this year. Tesla Inc. suffered its first year-over-year sales drop since the early days of the COVID-19 pandemic. Wall Street had rapidly lowered projections for the Austin-based company’s deliveries as the first quarter came to a close, including some analysts who correctly predicted that the tally would come …

Tesla valuation drops by $80 billion after Elon Musk's sales warning
11 months, 2 weeks ago

Tesla valuation drops by $80 billion after Elon Musk's sales warning

Hindustan Times  

Tesla tumbled over 12% on Thursday after CEO Elon Musk warned sales growth would slow this year despite price cuts that have already hurt margins at the world's most valuable automaker and fueled investor concerns about soft demand and Chinese competition. Elon Musk warned that global Tesla sales might hit a slump Musk said on Wednesday that growth would be …

Tesla loses over $82 billion, stock plunges 12% in a single day after ‘disastrous’ earnings call
11 months, 2 weeks ago

Tesla loses over $82 billion, stock plunges 12% in a single day after ‘disastrous’ earnings call

Firstpost  

The stock value of Tesla saw a significant dip of just over 12% on Thursday following remarks by CEO Elon Musk highlighting the challenges posed by Chinese electric-car manufacturers, whom he referred to as “the most competitive car companies in the world.” During Tesla’s earnings call on Wednesday, Musk praised Chinese carmakers such as BYD, Geely, and SAIC, emphasizing their …

Tesla’s stock slides after profits come up short and EV maker warns of slowing growth in 2024
11 months, 2 weeks ago

Tesla’s stock slides after profits come up short and EV maker warns of slowing growth in 2024

Associated Press  

Shares of Tesla tumbled at the opening bell Thursday as the electric vehicle, solar panel and battery maker warned investors of slower sales growth this year after posting fourth-quarter results that were weaker than most had expected. In a letter to shareholders released Wednesday, Tesla warned that sales growth this year may be “notably lower” than the 2023 growth rate, …

Tesla hit by first ever drop in annual profits amid electric car price war
11 months, 2 weeks ago

Tesla hit by first ever drop in annual profits amid electric car price war

The Telegraph  

Tesla has recorded its first ever drop in annual profits as it suffers the effects of an electric vehicle price war orchestrated by its chief executive, Elon Musk. It caps a challenging year for Tesla and Mr Musk, in which the company has been overtaken as the world’s best-selling electric car manufacturer by China’s BYD and its chief executive has …

Elon Musk’s Tesla loses $94 billion in market valuation as global EV market slows down
11 months, 3 weeks ago

Elon Musk’s Tesla loses $94 billion in market valuation as global EV market slows down

Firstpost  

Tesla, after a stellar 2023 where its shares more than doubled, is facing a rocky start to 2024, marking its worst beginning to any year in its history. Tesla’s market capitalization has taken its biggest hit since going public in 2010, with a 12% drop since the start of January, the largest in percentage terms since 2016. Despite Tesla’s recent …

Elon Musk said something very rude and mean to advertisers. It’s because he wants Twitter to die.
1 year, 1 month ago

Elon Musk said something very rude and mean to advertisers. It’s because he wants Twitter to die.

Slate  

What does Elon Musk want with Twitter? Yes, Musk had said he didn’t “care about the economics at all” and that buying Twitter was a matter of his ideological commitment to free speech. Antagonizing his old advertisers points in the exact same direction that Musk’s boring endorsement of antisemitism pointed: He is no longer interested in salvaging Twitter as a …

Are people giving up on EVs? Elon Musk lost $28 billion as Tesla took a beating last quarter
1 year, 2 months ago

Are people giving up on EVs? Elon Musk lost $28 billion as Tesla took a beating last quarter

Firstpost  

The sale of EVs is slowing down at an alarming pace. Tesla reported disappointing quarterly earnings for a variety of reasons, because of which Elon Musk lost about $28 billion in his personal wealth. Other automakers, are looking at options other than EVs Tesla, led by Elon Musk, reported disappointing quarterly earnings, prompting investors to reevaluate their expectations for the …

Tesla’s price cuts eat into Cybertruck maker’s profits as net income plunges 44% in the 3rd quarter
1 year, 2 months ago

Tesla’s price cuts eat into Cybertruck maker’s profits as net income plunges 44% in the 3rd quarter

Associated Press  

LOS ANGELES — Tesla’s net income slumped in the third quarter versus a year earlier, as price reductions helped drive strong sales growth but also ate into the automaker’s profit margins The Austin, Texas, maker of electric vehicles, solar panels and batteries on Wednesday reported net income of $1.85 billion for the July-September quarter, a 44% decline from a year …

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