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Tag: Tesla

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Tesla Expected to Lose Throne to Volkswagen as World’s Largest Electric Vehicle Maker: Bloomberg
On Tuesday, June 14, Bloomberg released a study that hints that electric vehicle (EV) maker Tesla will be dethroned as the world’s largest EV producer.  With considerations towards costs and expansion plans worldwide, the study...
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Twitter Poll, Intended to Expose a Poll by Elon Musk as ‘Phony’ and ‘Ridiculous’ Backfires Spectacularly
On May 26, controversial billionaire Elon Musk polled his 95.5 million followers via Twitter asking “who do you trust less” politicians or billionaires? After garnering almost 3.4 million responses the results indicated that 75.7 percent...
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Elon Musk’s SpaceX Could See Its Valuation Rise to $125 Billion, Sources Say
According to people familiar with the matter, Elon Musk’s SpaceX is in funding talks that could see the company's valuation soar to $125 billion, Bloomberg reported. As Elon Musk continues to trend online, the aerospace...
Tesla Continues to Grapple With Shanghai Lockdown Under ‘Closed Loop System’
As China continues its crushing lockdown of Shanghai, an increasing number of businesses are reporting huge dips in profits as authorities scramble to uphold the country’s unbending “zero-COVID” policies. Most recently, electric vehicle (EV) maker...
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Elon Musk and Joko Widodo Meet to Discuss Possible Investments in Indonesia
On Saturday, May 14, Indonesian President Joko Widodo met with Tesla CEO Elon Musk in Texas to discuss the possibility of investing in batteries and electric vehicle (EV) technology in the Southeast Asian nation.  Following...
COVID Lockdowns Cut 98% of Tesla’s April China Sales, Production Also Hard-Hit
As China continues implementing citywide lockdowns in Shanghai and Beijing in order to uphold its “zero-COVID” policy, car sales saw a record decline last month as the country’s unbending COVID protocols take a severe toll...
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Looming Electric Vehicle Battery Shortage Could Last Decades, Rivian CEO Warns
RJ Scaringe, CEO of Rivian, an American electric vehicle and automotive technology company, is warning that a shortage of electric vehicle (EV) batteries will soon impact the market, dwarfing the challenges posed by the shortage...
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Tesla Under Fire for Opening Showroom in Xinjiang
Elon Musk’s Tesla has come under fire by numerous human rights advocates for opening a new showroom in the capital of Xinjiang where Chinese authorities are accused of committing human rights abuses against the Uyghur...
Microsoft will hire an independent party to assess how it handles issues of sexual harrassment.
Microsoft Shareholders Vote For Better Sexual Harassment Reporting
On Nov. 30, shareholders of Microsoft voted in support of making the company more transparent when it comes to independent investigation and public reporting of sexual harassment claims. The proposal was brought forward by Arjuna...
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Tesla Stock Remains Volatile as Musk Sells 3.5 Million Shares
In a flurry of trading on Tuesday and Wednesday of this week, Tesla CEO Elon Musk, disposed of more than 3.5 million shares of Tesla stock worth over US$3.88 billion, a transaction that was not...
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‘The Final Straw’: Musk Announces Tesla is Leaving California for Texas
At Tesla’s recent 2021 annual shareholder meeting, CEO Elon Musk announced that the headquarters of the company would be shifting from California to Texas. At present, the headquarters are located in Palo Alto, California. In...
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Elon Musk Uses Twitter Poll to Decide Whether or not to Sell Billions Worth of Tesla Stock
On Nov. 6, billionaire CEO of Tesla and SpaceX took to Twitter to ask his 62.7 million followers to vote on whether or not he should sell 10 percent of his Tesla stock and pay...