In the fourth quarter of last year, Tesla reported record net income, and the firm forecast that more software-related revenues will keep its margins greater than those of any other carmaker. The Austin, Texas-based producer of solar panels and electric cars reported earnings of $3.69
The shares of the once-hot companies owned by the nation’s IT titans fell this year, costing them a combined total of more than $430 billion. Elon Musk, the CEO of Tesla and Twitter, had his net worth plummet by a startling $132 billion, displacing him
In order to combat a persistent decline in its stock price, Elon Musk’s Tesla is planning to implement layoffs and halt new hiring, according to a report released on Wednesday. According to Electrek, which cited a source familiar with the situation, Tesla informed employees about
Elon Musk, the CEO of Tesla, disclosed an additional $3.6 billion in stock sales on Wednesday, bringing his year-to-date total to close to $40 billion and angering investors as the company’s shares slump to two-year lows. According to a securities filing, he sold 22 million
On Wednesday, Tesla stock continued to fall and reached its lowest level in more than two years as investors, including a “fanboy” of CEO Elon Musk, criticized him for being preoccupied after taking control of Twitter. One of the worst performing stocks among major automakers
After the company missed earlier deadlines he had set, Elon Musk said on Wednesday that he anticipates a wireless brain chip developed by his company Neuralink to start human clinical trials in six months. The company is working on brain chip interfaces that, according to
During a surprise visit to Twitter’s San Francisco headquarters on Wednesday ahead of his expected acquisition of the company, billionaire Elon Musk brought an actual sink. Musk posted a video of himself laughing while dragging the sink into the lobby, just two days before a
Tesla reported record third-quarter sales on Wednesday, but the electric carmaker run by billionaire Elon Musk produced fewer vehicles than projected, as expenditure on new plants and battery development pinched profits. On a conference call with analysts, Musk said there was great demand for the
Tesla CEO Elon Musk blamed the electric carmaker’s dependence on industrial robots for throwing it into “production hell” four years ago, claiming that people were better at some roles. What a difference a generation can make. According to job advertisements, Musk’s Texas business is now
In late October, Elon Musk tweeted that he wants to create a new university named the Texas Institute of Technology & Science. Musk does tend to troll online, but he could be serious. He definitely has the money to fund a project such as this,
It looks like all signs are pointing to the development of an Apple car. This long existing rumor has just become more valid with Apple’s hire of Christopher “CJ” Moore, an autopilot software director from Tesla. As reported by Bloomberg, it is assumed that the
Is Elon Musk the solution to ending world hunger? UN World Food Program (WFP) director David Beasley sure thinks so. He challenged the world’s two richest men Jeff Bezos and Elon Musk to “step up now on a one-time basis” to solve world hunger. After
Currently, there are three major companies that produce electric cars: Tesla, Lucid, and General Motors (GM). However, it really comes down to Tesla vs Lucid Motors. Although both are California-based luxury cars, Tesla is arguably ahead due to Elon Musk’s popularity. After all, Young Gravy
Ever wonder how long it takes to charge an electric car? It all depends on consumer habits. We can assume the average driver fills up their car with gas at least once a week. But what if you didn’t have to go to the gas
I was asked to write about this but, honestly, I’m probably the worst person to ask this question to. Personally, I don’t know when to quit. I just keep pushing and pushing. As I’ve gotten wiser, I’d like to think I’ve learned a bit about
