Tesla
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Tesla gets subpoenaed again by the SEC on Elon Musk’s 2018 tweet
As a result of Elon Musk, the company’s CEO, tweeting in 2018 about taking the electric carmaker private, Tesla said on Monday that it has been served with a second subpoena by the SEC. In a filing, Tesla claimed to have obtained the subpoena on June 13. The corporation was first subpoenaed by the regulator […] More
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Tesla will have an exclusive lane at Mexico’s border crossings
According to Bloomberg News, billionaire Elon Musk has a contract with the Mexican State of Nuevo Leon, which borders Texas, to set aside a lane at a border crossing only for Tesla suppliers. On Texas State Highway 255, which connects the border towns of Laredo with Colombia, Mexico, lies the Colombia Solidarity Bridge, which has […] More
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‘Gigantic money furnaces’: Elon Musk says Tesla’s new car factories are ‘losing billions of dollars’
Tesla Inc.’s new factories in Texas and Germany, according to Elon Musk, are losing “billions of dollars” as the electric car manufacturer strives to increase output. The CEO said as much in a video chat with Tesla Owners of Silicon Valley that was uploaded online on Wednesday. “Both Berlin and Austin facilities are big money […] More
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Here’s why Elon Musk’s Tesla has sold 75% of its Bitcoin
Tesla has disclosed that between April 1 and the end of June, it sold around 75% of its Bitcoin. According to Tesla’s Q2 earnings release, the sales, which occurred during the second quarter of the year, brought $936 million in cash to its balance sheet and were recorded as a negative impairment. Bitcoin prices reached […] More
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Elon Musk: Tesla Cybertruck will be released in 2023
Elon Musk, CEO of Tesla, has recently said that production of the Cybertruck might begin early in the next year, and the release date could be announced shortly. Musk said in a conference call with investors on Wednesday that production of the Cybertruck is still anticipated to begin around the middle of 2023. It may […] More
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Will a Tesla insurance policy help increase driver safety?
Over the last several years, Tesla has started to roll out its insurance policies in a few U.S. states as an additional component of its expanding ecosystem. Tesla Insurance, which is still in its infancy, may be essential to maintaining cheap rates and high levels of driver safety, according to several of the automaker’s officials […] More
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Elon Musk: Tesla Steam integration demo coming next month
Whether they concern Tesla, SpaceX, or any other subject on Musk’s Twitter account, Elon Musk is widely known for his hyperbolic remarks. These claims are not necessarily true, or at least not as true as they are absurd. One of these odd concepts is the report that the digital PC gaming platform and showcase Steam […] More
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Tesla CEO Elon Musk’s SpaceX is accused of spreading these ‘5G lies’
Elon Musk has been charged with spreading a false narrative about 5G in the US that harms millions of people looking for greater connection and innovation. The non-profit group “5G for 12 GHz Coalition” claims that SpaceX misled consumers about how increasing particular frequencies for 5G may interfere with its reasonably priced Starlink satellite internet […] More
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‘There will be blood’: Tesla’s “hardcore litigation department” is already taking shape
Blood will likely flow sooner than predicted. Elon Musk said Tesla is creating a “hardcore litigation department” to file and carry out lawsuits back in May. The formation of this squad is currently progressing smoothly. During his appearance on the Getting Stoned podcast, Musk made the remarks. When asked how Tesla’s legal team is doing, […] More
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Tesla’s sales drop due to supply chain and pandemic issues
Due to manufacturing problems with its electric cars due to regulatory limitations in China and supply chain concerns, Tesla’s sales from April through June were at their lowest quarterly level since last autumn. Sales of more than 254,000 vehicles and SUVs were announced by the Elon Musk-controlled firm over the weekend, an 18 percent dip […] More
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German road traffic agency: Recalling Tesla models Y and 3 because 59K vehicles have software glitch
The automated emergency call system in Tesla models Y and 3 are being recalled by Germany’s road traffic administration due to a flaw that affects 59,000 cars worldwide. A software issue was to blame for the failure of the eCall, which is intended to immediately alert emergency services in the case of a catastrophic accident, […] More
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Tesla market share to plunge as Elon Musk loses almost $62 Billion of his wealth
According to Bank of America, Elon Musk’s inability to grow Tesla’s market share quickly enough will cause it to fall sharply over the next several years. According to Bank of America analyst John Murphy’s annual Car Wars estimate, conventional automotive giants Ford and General Motors will surpass Tesla by 2025 while the world’s wealthiest man’s […] More