Tesla Inc. shares let out some steam in premarket trading following the recall of over 475,000 vehicles, Street Insider reports. Elon Musk’s company will recall 356,309 U.S. vehicles related to damaged rearview camera cable harness caused by the opening and closing of the trunk lid. The damage could impact the rearview camera image from displaying. Ultimately,…
Cathie Sells Another $22 Million Worth of Shares in Tesla on Tuesday
Cathie Wood’s Ark Investment Management on Tuesday sold 20,446 shares—estimated to be worth $22.3 million—in Tesla Inc. Tesla shares closed 0.5 percent lower at $1,088.47 a share on Tuesday. The stock is up over 49 percent year-to-date though most of that surge has been seen in the past few months. The St. Petersburg, Florida-based Ark…
Futures Resume Year-End Rally in Thin Trading; Tesla Jumps
U.S. stock index futures rose on Wednesday, as heavyweight Tesla gained, while hopes that the Omicron coronavirus variant is less deadly than the previous strain calmed investors amid daily cases in the country hitting a record high. The electric-car maker added 2.0 percent in premarket trading as CEO Elon Musk exercised all of his options…
Finland Man Blows Up His Tesla Car After Facing $22,000 Replacement Battery Bill
A man in Finland has blown up his Tesla vehicle with 66 pounds of dynamite in defiance over the cost of a new battery after he was faced with a $22,000 repair bill. Tuomas Katainen, who lives in Jaala village in south Finland’s Kymenlaakso, exploded his 2012 Tesla Model S at a former quarry in a…
Tesla to Halt Games on Infotainment Screens in Moving Cars
DETROIT—Under pressure from U.S. auto safety regulators, Tesla has agreed to stop allowing video games to be played on center touch screens while its vehicles are moving. The National Highway Traffic Safety Administration says the company will send out a software update over the Internet so the function called “Passenger Play” will be locked and…
Musk Says He’s Sold Enough Tesla Stock to Meet Target, Slams ‘Wokeness’ and California’s ‘Overtaxation’
December 22, 2021
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Tesla CEO Elon Musk suggested he’s done selling shares in the world’s most valuable car company, saying in an interview released Dec. 21 that he had sold “enough stock” to hit his goal of liquidating 10 percent of his Tesla stake. In a wide-ranging interview with satirical website Babylon Bee, the tech billionaire took aim…
Tesla Giga Berlin yet to Receive Production Greenlight Over Pending Documents: Report
Tesla Inc. is yet to submit documents related to its upcoming gigafactory in Grünheide, Berlin, as per local publication rbb24, which cited Brandenburg’s Environment Minister Axel Vogel. What Happened The Austin, Texas-based electric vehicle maker does not have a final greenlight from the local authorities for the official start of production at the Giga Berlin as all…
Elon Musk Says This Is How Much Tesla Expects to Spend on Giga Texas Over Time
Tesla Inc. CEO Elon Musk said on Thursday Giga Texas would, over time, draw $10 billion in investments and generate at least 20,000 direct jobs. What Happened: Musk replied to a Twitter post revealing the large investment and employment capabilities that the upcoming Giga Texas can deliver once it starts operations. Musk added that Giga…
Tesla Faces Investor Lawsuit Over Musk Tweets on 10 Percent Stock Sales
December 18, 2021
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San Francisco—Tesla Inc. was hit by a lawsuit over CEO Elon Musk’s social media posts including his Twitter poll on stock sales that pulled down its stock prices. Tesla investor David Wagner called for access to internal documents to investigate whether Tesla and Musk violated an agreement with the U.S. securities regulator and its board…
Bad Omen for Tesla? Here’s What Happened to Amazon Stock After Jeff Bezos Was Time’s ‘Person of the Year’
Controversial and influential Tesla Inc. CEO Elon Musk was recently named Time Magazine’s “Person of the Year” for 2021. The award is a tremendous honor for Musk, but some long-time Amazon.com, Inc. investors may still have nightmares about the time Amazon founder and former CEO Jeff Bezos was also named Time’s “Person of the Year.”…
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