October 1st, 2018In the charges against Tesla and Elon Musk, the entrepreneur has agreed to pay a total of $40 million and make a series of concessions to settle a government lawsuit.
This settlement is enabling Musk to remain CEO of the electric car company but requires him to discontinue his role as chairman for at least three years. However, he...
September 28th, 2018The US Securities and Exchange Commission has charged Tesla CEO Elon Musk with securities fraud accusing him of misleading investors in tweets about taking the company private last month.
It was in August that Musk tweeted about taking Tesla private. He also stated that he had raised funds for the same purpose. But, he never...
September 26th, 2018With an aim to accelerate deliveries, electric car maker Tesla has started manufacturing its own car carrier trailers as stated by CEO Elon Musk.
The company is seeing a production of about 4,000 Model 3 vehicles per week. Also, it is witnessing an increase in delivery volume by a factor of 3-4 in some markets and therefore,...
September 24th, 2018Everybody is aware of the business tycoon and billionaire Elon Musk who owns the largest EV company Tesla and has co-founded many of the biggest leading companies in America, including Paypal, Space X, among others. What does it take to be a billionaire or a business tycoon like Musk? For any advice on this matter, consider someone who...
September 16th, 2018Elon Musk led Tesla's share price drops 8.2% after he took a puff of marijuana during a live YouTube talk show.
In The talk show of The Joe Rogan Experience, the anchor host Rogan who lit up a joint more than two hours into the interview and this is how Elon started asking about the joint,
Elon asked, “So is that a joint? Or is it...
August 25th, 2018After brewing up all the excitement of people regarding Tesla going private, the company announced that it will remain a public company.
CEO Elon Musk on Friday stated that after interacting with shareholders and investigating the procedure and process of taking the company private, he believes the better way for Tesla is to remain...
August 22nd, 2018Saudi Arabia-based public investment fund is reportedly looking to invest in Lucid Motors, a Newark, CA-based electric car maker which is also a rival of Elon Musk’s Tesla.
The amount of the fund is expected to be more than $1 billion and the fund ownership of the company will be transferred as stated by the reports. Under this...
August 8th, 2018Elon Musk, the chief executive of electric car manufacturer Tesla is taking the carmaker private at $420 per share. This move comes when the company is witnessing immense growth and financial constraints.
When the deal is implemented, it would take Tesla out of the glare of Wall Street but might limit its access to...
August 2nd, 2018Elon Musk, the well-known entrepreneur who is the CEO of Tesla has announced that his electric car company won’t be raising cash by selling stock. Along with this he also stated that the investment in the new factory to be set up in China is expectedly to be done through a local debt from the bank.
Provided that Tesla is burning...
July 3rd, 2018
The automotive and energy storage company, Tesla has confirmed that the head of Model 3 production, who went on leave after chief executive Elon Musk took over his duties, will not be coming back.
The departure of engineering senior vice president Doug Field came as California-based Tesla appeared to have finally hit a...
June 15th, 2018The American business magnate Elon Musk on Thursday claimed that a high-speed transportation system will move people between downtown Chicago and O'Hare International Airport at speeds of up to 150 mph could be operational in about three years. The basic aim of the project is to reduce travel time to less than minutes.
Elon Musk...
June 7th, 2018Norges Bank Investment Management (NBIM), world's largest sovereign wealth fund on Wednesday said that it had backed an initiative to wrest the role of chairman away from Tesla Chief Executive Elon Musk.
The proposal which represented the strongest challenge yet to Musk’s grip on the Silicon Valley car company got defeated Tesla’s...
