With Tesla’s strong quarterly report on Wednesday, Chief Executive Elon Musk has scored a hat trick of performance goals worth a combined $23 billion in new compensation. The world’s most valuable carmaker posted March quarter revenue and profit that surged past Wall Street estimates as it raised prices in response to inflation, offsetting the impact…
Elon Musk Scores Hat Trick of Tesla Compensation Goals Worth $23 Billion
‘Do You Like Minting Money?’: Musk Advises Entrepreneurs to Step Into Lithium Industry
Tesla Inc. chief executive officer Elon Musk has advised entrepreneurs to get into the lithium business as he seeks to expand the fast-growing industry that is crucial for products such as electric vehicles (EV). “We think we’re going to need to help the industry on this front,” Musk said on an earnings call on Wednesday. “I…
Tesla’s Giga Berlin Is Just Over 120 Miles From Volkswagen’s Plant—But CEO Diess Isn’t Worried
Volkswagen Group CEO Herbert Diess is unfazed about Elon Musk-led Tesla Inc. having built a factory just about 200 kilometers (124 miles) from its home turf Germany. What Happened Musk-led Tesla is ahead of Volkswagen, growing fast and taking more risks than the German legacy automaker, Diess told CBS News’s Lesley Stahl in an interview. “Tesla is quite ahead currently, and…
Elon Musk’s Starlink Could Find Its Way to Delta Airlines’ In-Flight Internet
Delta Air Lines Inc held discussions with Tesla Inc CEO Elon Musk-owned SpaceX for its Starlink satellite internet service, the Wall Street Journal reported on Monday, citing the airline CEO Ed Bastian. What Happened The Atlanta, Georgia-based airline aims to introduce Starlink’s high-speed, satellite-based wireless internet on its planes. The airline has also tested the offering. Bastian has in the past called for faster and free internet on…
Tesla Bear Michael Burry Defends SEC After Elon Musk’s Rebuke
Tesla Inc bear and hedge fund manager Michael Burry on Sunday defended the U.S. Securities and Exchange Commission and took a shot at billionaire entrepreneur Elon Musk for flouting the agency’s rules. What Happened The “Big Short” fame investor said in a now-deleted Tweet that the U.S. regulatory agency was “nothing but professional” and that,…
Elon Musk Says Tesla Now Has Over 100,000 FSD Beta Testers, up Nearly 67 percent Since January
Tesla Inc CEO Elon Musk said on Sunday that the electric vehicle maker has rolled out its full self-driving beta software program to over 100,000 customers in the United States. What Happened The latest numbers indicate that Austin, Texas-based Tesla has significantly ramped up its beta program offering to customers. “The car currently drives me around Austin most of…
Here’s Why the Founder of Cardano Is Looking to Build a Decentralized Twitter With Elon Musk
In the latest development in Tesla Inc CEO Elon Musk’s Twitter Inc bid saga, Cardano founder Charles Hoskinson has told Musk that he’s willing to help him build a decentralized version of Twitter. In a recent Tweet, Hoskinson said that he is willing to make a dispersed social media platform along with Musk if his…
Tesla Stock Split and More: What Retail Investors Want to Know From Elon Musk and Team on Wednesday’s Quarterly Call
Tesla, Inc., is scheduled to report its first-quarter earnings after the market close on Wednesday. Following the earnings release, the company’s management will host an earnings call at 5:30 p.m. ET on the same day. The quarter assumes importance because of the buzz surrounding it, especially in relation to the input price inflation set in motion…
Judge Rules Musk’s Tweets Over Taking Tesla Private Were False, Investors Say
A federal judge has ruled that Tesla CEO Elon Musk’s 2018 tweets about having secured financing to take the company private were false, according to court filings by Tesla investors suing the billionaire over the tweets. The filing said that the court ruled April 1 that Musk’s 2018 tweets were “false and misleading.” The court…
Elon Musk Is ‘Very Vulnerable to the Blackmail of the Chinese Communist Party’: Former Trump Trade Adviser Peter Navarro
April 17, 2022
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To Peter Navarro, former White House trade adviser under the Trump administration—what someone did is more important than what they said they will do. While some feel that tech mogul Elon Musk’s recent 9.2 percent Twitter stock purchase and his offer to buy Twitter outright is a sign that the restoration of free speech could return to the platform,…
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