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Tesla's Profit Plunges Again As Buyers Reject Musk's Politics
The fallout from Elon Musk's plunge into politics a year ago is still hammering his Tesla business as both sales and profits dropped sharply again in the latest quarter.
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"HR Approved": IKEA, Tesla, Other Companies Milk Viral Coldplay Clip
When a stadium jumbotron turned into an accidental expose of corporate drama, the internet did what it does best: made it viral. This time, major global brands also pouncedand profited off of it.
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Trump-Musk Row Slams Tesla Shares, $150 Billion in Market Value Wiped Out
Tesla shares went into free-fall on Thursday as President Donald Trump publicly feuded with Elon Musk. Traders dumped Tesla in heavy trading after Musk quickly responded to Trump's criticism with social media posts that stepped up criticism of the president's tax bill. Trump fired back further, alleging Musk was upset because the bill takes away ta...
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Japan's Panasonic To Cut 10,000 Jobs: Reasons For Layoffs And What's Next For The Tech Giant
Panasonic layoffs: Of the 10,000 employees slated to lose their jobs, half will be workers in Japan.
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Elon Musk To Step Back From DOGE Amid Tesla Setbacks
During Tesla's quarterly earnings call, Musk said his time commitment to the task force would "drop significantly" starting in May.
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Elon Musk Says Will Scale Back His Work For Trump As Tesla Profits Drop 71%
Elon Musk plans to "significantly" reduce his work for Donald Trump's administration in May to focus on Tesla, the billionaire CEO said Tuesday.
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Explained: Why Elon Musk Wants To Launch Tesla In IndiaÂ
Elon Musk's push to bring Tesla to India comes amid the EV giant's mounting global challenges - shrinking profit margins, slowing sales, and tough competition from Chinese automakers.
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Elon Musk, Tesla Win Dismissal of Lawsuit Over Alleged Dogecoin Manipulation
Elon Musk and Tesla won the dismissal of a federal lawsuit accusing them of defrauding investors by hyping Dogecoin. Investors accused the world's richest person of using Twitter posts, a 2021 appearance on NBC's "Saturday Night Live" and other publicity stunts to trade profitably at their expense through several dogecoin wallets that he or Tesla c...
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Tesla CEO Elon Musk Faces Shareholder Lawsuit for Alleged $7.5 Billion Insider Trading
Tesla shareholder Michael Perry has filed a lawsuit accusing Tesla CEO Elon Musk of insider trading. The shareholder alleges that Musk sold over $7.5 billion of shares of the electric car maker in late 2022, before potentially disappointing production and delivery numbers were made public by the electric car maker. The lawsuit asks a US court to di...
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Reddit, Jack Dorsey’s Block Reveal Crypto Investment Details as Tech Firms Begin Experimenting With Web3
Social networking platform Reddit and Jack Dorsey’s fintech firm Block are two names that have recently disclosed information related to their BTC holdings and investments, which yielded profits for both.
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Indian-Origin Vaibhav Taneja Named New Tesla CFO as Zachary Kirkhorn Steps Down
Tesla's finance chief Zachary Kirkhorn has stepped down after four years in the role, the world's most valuable automaker said and named accounting head Vaibhav Taneja in his place, sending shares down more than 3 percent on Monday. During his tenure, Tesla posted its first quarterly profit after it launched the mass-market Model 3 compact sedan.
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Tesla's Second-Quarter Profit Jumps 20 Percent as Price Cuts Lead to Record Car Sales
Tesla reported a jump in second-quarter profits Wednesday as a series of price cuts translated into sharply higher car sales. The EV manufacturer reported profits of $2.7 billion (roughly Rs. 22,156 crore), up 20 percent on the year-ago level. Revenues surged 47 percent to $24.9 billion (roughly Rs. 2,04,334 crore).
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Elon Musk Says Tesla Likely to Launch Full Self-Drive Technology in Its Cars This Year
Elon Musk said on Wednesday that electric vehicle (EV) giant Tesla likely will launch full self-drive technology this year and generate significant profits that offset some of the margin pressure it's facing due to aggressive price cuts.
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Elon Musk’s Archaic Management Style Prioritises Profit Over People
Elon Musk has made a number of changes to Twitter since he took over the company at the end of October. The platform's new CEO laid off half of the company's 7,500 employees and its top executive, forcing more to resign after he issued an ultimatum to commit to being "extremely hardcore". Here's how Musk's archaic style of management prioritises pr...
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Elon Musk's Licence to Print Money Off Lithium Didn't Last Long
Elon Musk says there’s big money to be made by turning raw lithium into battery chemicals, but shrinking profit margins suggest the mining end of the business might still be a better bet.
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Tesla's Profit Plunges Again As Buyers Reject Musk's Politics
The fallout from Elon Musk's plunge into politics a year ago is still hammering his Tesla business as both sales and profits dropped sharply again in the latest quarter.
-
"HR Approved": IKEA, Tesla, Other Companies Milk Viral Coldplay Clip
When a stadium jumbotron turned into an accidental expose of corporate drama, the internet did what it does best: made it viral. This time, major global brands also pouncedand profited off of it.
-
Trump-Musk Row Slams Tesla Shares, $150 Billion in Market Value Wiped Out
Tesla shares went into free-fall on Thursday as President Donald Trump publicly feuded with Elon Musk. Traders dumped Tesla in heavy trading after Musk quickly responded to Trump's criticism with social media posts that stepped up criticism of the president's tax bill. Trump fired back further, alleging Musk was upset because the bill takes away ta...
-
Japan's Panasonic To Cut 10,000 Jobs: Reasons For Layoffs And What's Next For The Tech Giant
Panasonic layoffs: Of the 10,000 employees slated to lose their jobs, half will be workers in Japan.
-
Elon Musk To Step Back From DOGE Amid Tesla Setbacks
During Tesla's quarterly earnings call, Musk said his time commitment to the task force would "drop significantly" starting in May.
-
Elon Musk Says Will Scale Back His Work For Trump As Tesla Profits Drop 71%
Elon Musk plans to "significantly" reduce his work for Donald Trump's administration in May to focus on Tesla, the billionaire CEO said Tuesday.
-
Explained: Why Elon Musk Wants To Launch Tesla In IndiaÂ
Elon Musk's push to bring Tesla to India comes amid the EV giant's mounting global challenges - shrinking profit margins, slowing sales, and tough competition from Chinese automakers.
-
Elon Musk, Tesla Win Dismissal of Lawsuit Over Alleged Dogecoin Manipulation
Elon Musk and Tesla won the dismissal of a federal lawsuit accusing them of defrauding investors by hyping Dogecoin. Investors accused the world's richest person of using Twitter posts, a 2021 appearance on NBC's "Saturday Night Live" and other publicity stunts to trade profitably at their expense through several dogecoin wallets that he or Tesla c...
-
Tesla CEO Elon Musk Faces Shareholder Lawsuit for Alleged $7.5 Billion Insider Trading
Tesla shareholder Michael Perry has filed a lawsuit accusing Tesla CEO Elon Musk of insider trading. The shareholder alleges that Musk sold over $7.5 billion of shares of the electric car maker in late 2022, before potentially disappointing production and delivery numbers were made public by the electric car maker. The lawsuit asks a US court to di...
-
Reddit, Jack Dorsey’s Block Reveal Crypto Investment Details as Tech Firms Begin Experimenting With Web3
Social networking platform Reddit and Jack Dorsey’s fintech firm Block are two names that have recently disclosed information related to their BTC holdings and investments, which yielded profits for both.
-
Indian-Origin Vaibhav Taneja Named New Tesla CFO as Zachary Kirkhorn Steps Down
Tesla's finance chief Zachary Kirkhorn has stepped down after four years in the role, the world's most valuable automaker said and named accounting head Vaibhav Taneja in his place, sending shares down more than 3 percent on Monday. During his tenure, Tesla posted its first quarterly profit after it launched the mass-market Model 3 compact sedan.
-
Tesla's Second-Quarter Profit Jumps 20 Percent as Price Cuts Lead to Record Car Sales
Tesla reported a jump in second-quarter profits Wednesday as a series of price cuts translated into sharply higher car sales. The EV manufacturer reported profits of $2.7 billion (roughly Rs. 22,156 crore), up 20 percent on the year-ago level. Revenues surged 47 percent to $24.9 billion (roughly Rs. 2,04,334 crore).
-
Elon Musk Says Tesla Likely to Launch Full Self-Drive Technology in Its Cars This Year
Elon Musk said on Wednesday that electric vehicle (EV) giant Tesla likely will launch full self-drive technology this year and generate significant profits that offset some of the margin pressure it's facing due to aggressive price cuts.
-
Elon Musk’s Archaic Management Style Prioritises Profit Over People
Elon Musk has made a number of changes to Twitter since he took over the company at the end of October. The platform's new CEO laid off half of the company's 7,500 employees and its top executive, forcing more to resign after he issued an ultimatum to commit to being "extremely hardcore". Here's how Musk's archaic style of management prioritises pr...
-
Elon Musk's Licence to Print Money Off Lithium Didn't Last Long
Elon Musk says there’s big money to be made by turning raw lithium into battery chemicals, but shrinking profit margins suggest the mining end of the business might still be a better bet.
