Tesla CEO Elon Musk has officially lost his position as Twitter’s largest shareholder after Vanguard Group upped its stake in the social media company. The news comes as Twitter’s Board currently ponders a proposition from Musk, who offered to buy the platform for roughly $43 billion. On April 8, Vanguard disclosed it had upped its…
Tesla CEO Elon Musk detailed the “precarious” situation the electric automaker was in as he contemplated the Securities and Exchange Committee’s consent decree from 2018. Musk said that not agreeing to the SEC’s terms would have ended Tesla’s ability to obtain working capital from financial institutions, killing the company. “It’s like having a gun to…
Tesla CEO Elon Musk said that if Twitter’s board does not accept the terms of his buyout offer, there is a “Plan B.” During Musk’s appearance at TED 2022, the Tesla CEO, who is also Twitter’s largest shareholder, was grilled about his proposal to buy the social media platform at $54.20 per share on Thursday morning. While Musk…
During Tesla CEO Elon Musk’s TED talk today, he detailed his offer to buy Twitter, stating the social media platform is needed because it is an “inclusive arena for free speech.” On Thursday morning, Musk made an offer to buy Twitter for $54.20 per share, bringing the value of the platform to around $43 billion. Musk,…
Tesla reopened reservations for its next-generation Roadster globally and orders are planned to be fulfilled in 2023. Tesla unveiled the new Roadster in 2017 but had to put orders on hold to focus on ramping up production of its Model 3 sedan and Model Y — and building new factories as part of that. This gave customers…
Tesla CEO Elon Musk has sent an official offer to buy Twitter and sent it as an ultimatum as he basically threatens to sell his shares if the offer is not accepted. And the saga continues. Over the last week, we have been reporting on the strange saga that has been Musk’s investment in Twitter.…
A recent report from market trend analysis firm JATO Dynamics has revealed that Tesla’s strong sales in Europe, coupled with the introduction of more environmentally-friendly SUVs, have helped drive a 16% reduction in CO2 emissions among new vehicles sold across the region in 2021. JATO Dynamics’ findings were related in a report titled Driving the Change for…
On Wednesday, April 13, United States District Judge William H. Orrick reduced the $137 million reward granted by jurors to former Tesla employee Owen Diaz to $15 million. Diaz had accused Tesla of racial discrimination. Judge Orrick reduced the award of compensatory damages to $1.5 million and maintained the award for punitive damages to $13.5…
Tesla proposed a 100,000-square-foot facility in St. Pete, Florida. The new Tesla center will handle sales, service, and deliveries in the area. The new Tesla facility will be located on a 4.21-acre site with an existing 100,000 square foot building formerly known as a Kanes Furniture liquidation center. Pinellas County provided Teslarati with documents about the property…
Recently, Tesla opened its sixth factory, Giga Texas, which is also its new global headquarters. This speaks volumes for a company that was started with the goal of creating electric vehicles. Tesla has grown enormously since its humble beginnings in 2003, and reaching six factories indicates the beginning of a new phase, one of tremendous…