Elon Musk’s initial purchase of Twitter stock, which the Tesla CEO said started at the end of January and continued until the beginning of April, is now reportedly being examined by the Federal Trade Commission (FTC). Musk purchased a 9.1 percent stake in social media platform Twitter over the period of several months. Initial reports…
Germany vice-chancellor Robert Habeck, who made headlines earlier this year by stating that the country must transform its power system “at Tesla speed,” is now calling for significant efforts to reduce the country’s reliance on Russian gas. Gas is among Germany’s most important energy sources, and about 55% of it is imported from Russia. ‘If I had…
Tesla’s electric vehicles are premium-priced, but their financing deals make them quite compelling against their rivals in the EV market. In a way, Tesla’s financing deals involve interest rates that could end up undercutting the costs of rival EVs by a notable degree. A look at Tesla’s online payment calculator would show that the Texas-based electric vehicle…
Elon Musk received invites to move the social media platform’s HQ from California to Texas or Florida. Governor Greg Abbott from Texas and Mayor Lenny Curry from Jacksonville, Florida, presented their arguments to Elon Musk via Twitter. Gov. Abbot argued that Musk’s other companies already have a base in Texas. “Bring Twitter to Texas to…
A lawsuit between Tesla Shareholders and Elon Musk ended on Wednesday with a Delaware court ruling in favor of CEO Elon Musk. Shareholders believed Tesla’s acquisition of SolarCity in 2016 was a bailout of a company owned by two of Musk’s cousins, which was unfair to them. The trial started in July 2021, and within the…
Tesla Gigafactory Texas may still be following a deliberate ramp, but work in the facility is still ongoing at a rapid pace. As the factory continues to produce Model Ys, preparations at Giga Texas’ staging area are hinting at the volume of vehicles that will be coming out of the recently-opened plant when it hits…
Tesla has announced that it will be expanding its virtual power plant in Australia to New South Wales, southeast Queensland, and the Australian Capital Territory with the Tesla Energy Plan. The update was announced on the company’s official LinkedIn page. While Tesla did not provide many details about its Australian virtual power plant expansion, its LinkedIn…
Tesla adjusted delivery estimates of select Model Y variants in the United States. The Pearl White and Midnight Silver base Model Y Long Range with 19” Gemini wheels is sold out for the remainder of 2022, with delivery estimates expected between February 2023 and May 2023. Base Model Y LR variants in Deep Blue, Solid…
On Tuesday, April 26, the opposition to legislation that would allow direct sales of electric vehicles discussed the ongoing efforts to pass the so-called “Tesla bill” in Connecticut. The proposed bill would conflict with Connecticut’s franchise law which requires car manufacturers to sell their products through third-party dealerships. The United Auto Workers (UAW) union, CT…
Twitter and two of Elon Musk’s “X Holdings” companies will officially merge by October 24 after the Tesla CEO and the social media platform came to terms on a $44 billion deal yesterday. A new 8-K filing from Twitter through the SEC reveals Twitter and Musk’s parent company, which is known as “X Holdings I, Inc.” and…