How did Elon Musk get involved with Tesla?

June 21, 2024
In the early 2000s, Elon Musk co-founded Tesla “to accelerate the advent of sustainable transport by bringing compelling mass-market electric cars to market as soon as possible." Fast-forward to 2021, and the company's earnings sat at a mighty $53.82 billion, with its CEO’s net wealth currently at approximately $262.9 billion. For many years now, Tesla […]
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Elon Musk Shares Bad News For Tesla

June 23, 2022
Elon Musk has shared a dose of bad news for his electric vehicle company Tesla, explaining that its new factories in Germany and the United States are losing billions of dollars due to battery shortages and supply disruptions in China.  Musk referred to Tesla’s Berlin and Austin, Texas plants as “gigantic money furnaces.” "Both Berlin […]
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Ferrari Promises Exciting Future For Its Electric Vehicles

June 16, 2022
On Thursday, Ferrari CEO Benedetto Vigna confirmed the luxury carmaker’s plan to launch its first electric model in 2025. Vigna said that the company expects full-electric cars to make up 5% of sales in 2025 and 40% by 2030. He said Ferrari would develop and build its own electric motors, inverters, and battery modules.  With […]
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Bentley To Produce First Fully Electric Car In Crewe, England

January 26, 2022
Luxury carmaker Bentley has announced its first fully electric vehicle will be produced at its factory in Crewe, England. The battery-powered electric vehicle (BEV) is set to roll off the production line in three years.  Bentley reported it is investing £2.5 billion in sustainability over the next decade, involving the complete transformation of its Crewe […]
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Tesla Travels 1,200km On Single Charge Thanks To Breakthrough Battery

January 18, 2022
The journey across Michigan was the first road test of the Gemini battery, developed by Detroit-based startup Our Next Energy (ONE), and achieved almost double the typical range that a standard Tesla Model S is capable of meeting. According to ONE founder and CEO Mujeeb Ijaz, the results of the first road test “set a […]
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Tesla Delivered 936,172 Electric Vehicles In 2021 And Set New Record

January 4, 2022
Elon Musk’s electric vehicle company Tesla said it delivered 308,600 electric vehicles in the fourth quarter of 2021, trumping its previous single-quarter record of 241,300 vehicles delivered in the third quarter of 2021. Throughout the entire year, Tesla delivered 936,172 vehicles, an 87% increase from 2020. According to FactSet, Wall Street analysts had expected Tesla […]
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Audi Unveils First Luxury EV Charging Lounge

December 24, 2021
The charging concept, located in Nuremberg, Germany, is part of a pilot programme aimed at making life simpler for EV owners living in urban areas, particularly for those who don’t have access to a supercharger at home. “We want to use it to test flexible and premium-oriented quick-charging infrastructure in urban space,” says Ralph Hollmig, […]
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Tesla Signs Graphite Supply Deal With Syrah Resources

December 23, 2021
Australian Syrah Resources Ltd will supply Elon Musk’s electric vehicle company with graphite anode material over an initial four-year period, with an option to buy additional volumes subject to further expansion of Syrah’s plant in Vidalia, Louisiana.  The Vidalia facility is planned to process graphite from Mozambique to become the first source of graphite anodes […]
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Foxconn Unveils 3 New EV Prototypes As It Moves Away From Consumer Electronics

October 20, 2021
The tech company has unveiled three sleek battery-powered prototypes: a luxury sedan, a crossover SUV, and an electric bus. However, according to the press release, it appears that Foxconn does not plan to sell EVs itself. The vehicles will instead be released under the “Foxtron” brand in collaboration with other car manufacturers, such as Taiwan’s Yulon […]
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Gates And Bezos Back 3-Year Search For Electric Vehicle Metals That Could Be Used In Teslas

September 13, 2021
BHP and KoBold Metals will work together in their search for nickel, lithium, cobalt, and copper in Australia. The companies’ 3-year partnership could help to source nickel used in Tesla’s vehicles, with BHP signing a deal with the electric vehicle manufacturer back in July.  KoBold Metals, a mineral exploration company based in Silicon Valley, uses […]
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Cathie Wood Sells $110 Million In Tesla Stock

September 10, 2021
Three of Ark Invest’s funds, including its flagship Ark Innovation ETF, sold 142,708 shares of Tesla on Wednesday, according to the firm’s daily transaction reports. The shares represent a stake worth approximately $108 million.  These latest transactions come just days after Wood praised the electric vehicle company’s success. In an interview with Yahoo Finance, Wood […]
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Tesla Sales Plummet In China As Consumers Opt For Domestic Models Over Musk’s Models

August 12, 2021
Chinese sales of Tesla vehicles plummeted last month following a shift in consumer preference and privacy concerns.
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