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Tesla shares suffer worst year ever. And 2023 looks bad, too

A year ago, Tesla Inc. seemed unbeatable, with its shares near a record high amid soaring optimism for the global electric-vehicle market. Now investors are struggling to see a bottom. A year ago, Tesla Inc. seemed unbeatable, with its shares near a record high amid soaring optimism for the global electric-vehicle market. Now investors are struggling to see a bottom. The stock was never for the faint of heart, given its volatility and the mercurial style of its chief executive, Elon Musk. Still, the magnitude of

Elon Musk’s Tesla Share Sales Approach the $40 Billion Mark

Elon Musk sold another $3.58 billion worth of Tesla Inc. shares, bringing the total amount he’s offloaded since late last year to almost $40 billion. Elon Musk sold another $3.58 billion worth of Tesla Inc. shares, bringing the total amount he's offloaded since late last year to almost $40 billion. The latest disposal of about 22 million shares this week coincided with Musk falling from the top spot on the Bloomberg Billionaires Index, a position he'd occupied since September of last year. Tesla's market value also

Tesla’s Troubles Are Piling Up While Elon Musk Is Distracted With Twitter

While Elon Musk is busy overhauling newly acquired Twitter Inc., Tesla Inc. is facing increasingly urgent issues and testing the faith of some of its chief executive’s biggest fans. While Elon Musk is busy overhauling newly acquired Twitter Inc., Tesla Inc. is facing increasingly urgent issues and testing the faith of some of its chief executive's biggest fans. Weakening demand in China is forcing the electric-vehicle maker to slow production and delay hiring at its Shanghai factory. Its top executive for that

Why did Elon Musk advise Joe Biden to buy a Tesla?

Image Source : INDIA TV Elon Musk Elon Musk reportedly advised Joe Biden to buy a Tesla, when the US President revealed his plans to build 5 lakh electric vehicle (EV) charging stations. Biden has recently announced the release of the first round of funding for a nationwide EV charging network, financing the construction of stations in 35 states. He posted on Twitter…

Elon Musk Blinks; Tesla China Strategy Revamped Over Fierce Rivalry

Tesla is changing its marketing approach in China as fierce competition from domestic rivals and uneven demand puts its growth plans at risk. Tesla Inc. is changing its marketing approach in China as fierce competition from domestic rivals and uneven demand puts its growth plans in the world's biggest electric-car market at risk. The EV pioneer has extended insurance subsidies of as much as 8,000 yuan ($1,100) for new buyers, according to a post on its Weibo account, reinstated a user referral program and even

The Elon Musk of Climate Plans Gets a Test Drive

A $20 billion program to wean Indonesia off coal is a potential game changer for much bigger prizes, India and China. It must succeed or die trying.  Future generations may well remember Elon Musk for his self-destructive $44 billion Twitter Inc. takeover, his vile attack on a cave diver trying to rescue a junior soccer team, or his bizarre and troubling interventions in the Ukraine conflict.There's one solid feat that will be hard to take away from him, however. By building Tesla Inc. at a time few thought electric

Elon Musk doing all-nighters at Twitter, Tesla investors a ‘frustrated’, worried lot

Musk said he had worked through the night at Twitter's headquarters and would keep "working & sleeping here" until the social media platform was fixed. In 2018, Elon Musk was working through the night and sleeping at Tesla Inc's factories in California and Nevada as the company struggled to ramp up production of the Model 3.On Monday, Musk said he had worked through the night at Twitter's San Francisco headquarters and would keep "working & sleeping here" until the social media platform - which he recently

Elon Musk’s Twitter Quest Turns Tesla’s Edge Into a Risk

Many Tesla Inc. investors watched in dismay as Elon Musk plunged into a battle over buying Twitter that pulled his attention away from the electric-car maker. Many Tesla Inc. investors watched in dismay as Elon Musk plunged into a battle over buying Twitter that pulled his attention away from the electric-car maker. Now that the deal is done, some are fretting Twitter is an even bigger drag on Tesla than before.Tesla's stock has plummeted 46% this year, compared with a 28% drop for the Nasdaq 100 Index. However,

Elon Musk faces twin trials amid chaos at Twitter Tela Car Maker

Image Source : AP Taken together, the twin trials represent a critical test for Musk's multitasking skills. Elon Musk is set to face two court cases in the US this week, one defending his $56 billion pay package amid allegations by Tesla shareholders and the other - a manslaughter trial set to begin in Los Angeles state for a fatal crash. All this is amidst the chaos…

Tesla Official Omead Afshar Turns Up at SpaceX in New Starship Role

Omead Afshar, who led operations at Tesla Inc.’s new plant in Texas, is now at SpaceX working on Elon Musk’s ambitious Starship deep-space rocket. Omead Afshar, who led operations at Tesla Inc.'s new plant in Texas, is now at SpaceX working on Elon Musk's ambitious Starship deep-space rocket, according to people familiar with the matter.Afshar has been named vice president: Starship production at the company, formally known as Space Exploration Technologies Corp., according to two of the people, who asked not to be