Tesla’s market value falls significantly after controversial tweet by Elon Musk

Elon Musk

A sort of bloodbath has been observed for Tesla stock as billions of dollars were just got wiped off after its CEO Elon Musk tweeted that the automaker’s stock was “too high”. Tesla stock declined over 10 percent and its valuation declined by almost $9 billion after Musk’s tweets in reminiscence of his controversial tweets in August 2018 when […]

Tesla posts its third quarterly profit, Elon Musk calls lockdowns ‘fascist’

Elon Musk

Tesla Inc’s CEO Elon Musk on Wednesday called sweeping U.S. stay-at-home restrictions imposed for reducing the spread of the coronavirus outbreak as “fascist” as the electric automaker posted its third quarterly profit in a row. These comments might have overshadowed an otherwise successful quarter that took many investors by surprise as automaker’s rivals have been […]

Tesla’s ventilators attract controversy after hospitals say they are not ventilators

Tesla Inc logo

Contrary to Tesla CEO and Founder Elon Musk’s claim the company had delivered more than 1,000 ventilators to hospitals in California to help treat COVID-19 coronavirus patients, some of these facilities informed that what they received were not really the highly sought-after machines. Musk showed a list of hospitals to which the company sent the “ventilators”. But four of the […]

Tesla to cut on-site staff at Nevada factory by 75% due to coronavirus

Gigafactory, Nevada

U.S. electric automaker Tesla Inc prepares to slash on-site staff at its Nevada battery plant by about 75% because of the coronavirus pandemic, the local county manager stated on Thursday. The move comes following its Japanese battery partner Panasonic stated it would decrease operations at the Nevada factory this week before shutting it for 14 […]

Bill Gates buys Porsche Taycan, Musk calls it ‘underwhelming’

Bill Gates

Elon Musk is not really positive about the recent car purchase of fellow billionaire entrepreneur Bill Gates. After Gates stated he purchased himself an all-electric Porsche Taycan, Tesla’s CEO took to Twitter to discuss the Microsoft co-founder. “My conversations with Gates have been underwhelming tbh [to be honest],” Musk tweeted. My conversations with Gates have been underwhelming tbh — […]

Tesla states it plans to open China design and research center

Tesla Inc logo

U.S. electric automaker Tesla prepares to open a design and research center in China to make “Chinese-style” vehicles, the company stated in a recruitment notice on its official WeChat account. Wednesday’s notice sought to recruit designers and other workers to help meet the goal, and called for applications by February 1, but did not mention […]

Tesla To Deliver First China-Built Car in Milestone for Musk

Tesla Inc logo

Tesla Inc is set to deliver China-built cars on Monday, a significant milestone for Elon Musk’s company as it broadens in the world’s largest electric-vehicle market. The first 15 units of Model 3 sedans created at Tesla’s new multi-billion-dollar Shanghai plant are set to be delivered to company workers on December 30, capping several months […]