Could the End of the $7,500 EV Tax Credit Be Tesla’s Gain? As the incoming Trump administration hints at scrapping the $7,500 federal tax credit for electric vehicle (EV) buyers, the move could reshape the U.S. auto industry. While many automakers fear this change, Tesla, led by its CEO Elon Musk, may emerge as the […]
Elon Musk Slams ‘Saturday Night Live’ After Mocking Trump Segment Elon Musk, the billionaire CEO of Tesla and SpaceX, has spoken out against Saturday Night Live (SNL) after the comedy sketch show mocked him during its November 9, 2024, episode. In a segment poking fun at the aftermath of Donald Trump’s victory in the 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 […]
Using Elon Musk as a textbook, we discuss why celebrity CEOs exhibit terrible governance policies. The key to corporate success is good corporate governance. Any CEO worth their salt is a humble leader with eager, engaged, and educated critics at board level to keep decisions in check. Inversely, ego, inexperience and unwavering control are red […]
Multi-billionaire Elon Musk is no longer the richest person in the world after he sold another 22 million shares, worth $3.6bn in his electric car maker Tesla.
On Wednesday, Elon Musk caused a stir by tweeting that he was purchasing English football club Manchester United. Later, the Tesla billionaire tweeted again, informing his followers that it was a joke. Early Wednesday, Musk tweeted about his political affiliations and then added in a second tweet: "Also, I'm buying Manchester United ur welcome." The […]
A series of financial filings published on Tuesday has revealed that Tesla CEO and world’s richest man Elon Musk has sold 7.92 million shares of Tesla, worth approximately $6.88 billion. The SEC filings show Musk’s transactions took place between August 5 and August 9, soon after the electric vehicle company’s 2022 annual shareholder meeting on […]
Elon Musk’s offer to purchase Twitter caused investors to pummel Tesla, gouging out billions of dollars in Tesla’s market value. Investors doubted he could run both companies equally well, let alone all of his other holdings.
The move comes after Musk warned earlier this month that he has a “super bad feeling” about the economy amid record-high inflation. In a memo to executives, titled “pause all hiring worldwide”, Musk said that around 10% of jobs at Tesla need to be cut, though he added that the company would be increasing hourly […]
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 […]
In May of this year, Elon Musk's electric vehicle company Tesla sold 32,165 China-produced vehicles, including 22,340 for export. This is according to the China Passenger Car Association. In contrast, April of this year saw Tesla sell 1,152 vehicles and export none as the company’s Shanghai factory halted work for 22 days from late March […]
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