Love him or loathe him, there is no denying that Elon Musk is one of the world’s most influential people. 2021 saw the Tesla CEO crowned Time magazine’s “Person of the Year'' as his electric vehicle company became the most valuable in the world, his space company successfully carried an all-civilian crew to the edge […]
In a tweet, Musk wrote, “Tesla will make some merch buyable with Doge & see how it goes.” The news caused the cryptocurrency, created by software engineers Billy Markus and Jackson Palmer as a joke, to jump 24% to $0.195. Tesla sells merchandise such as apparel, belt buckles, mini models of its vehicles, and “Cyberquads” […]
Elon Musk has been named Time magazine’s “Person of the Year” for 2021, a year that saw Tesla become the most valuable carmaker in the world and Musk's space company SpaceX carry an all-civilian crew to the edge of space. Tesla’s market value rocketed to more than $1 trillion this year, making the electric vehicle […]
Tweeting on Thursday, Tesla CEO Elon Musk said he is “thinking of” leaving his jobs to instead become an influencer. "It would be nice to have a bit more free time on my hands as opposed to just working day and night, from when I wake up to when I go to sleep 7 days […]
Japanese billionaire Yusaku Maezawa has fulfilled his childhood dream today as he travelled to space as one of two passengers on board a Russian rocket headed for the International Space Station (ISS). Yusaku Maezawa, the founder of Japanese online fashion retailer Zozo, and his production assistant, Yozo Hirono, have become the first space tourists to […]
On Friday, Tesla CEO Elon Musk said that the electric vehicle manufacturer’s highly-anticipated cybertruck will first arrive with a four-motor variant. Turning to Twitter, the CEO wrote, “Initial production will be 4 motor variant, with independent, ultra-fast response torque control of each wheel.” Musk has labelled the cybertruck, constructed from stainless steel, as an “insane […]
According to an email obtained by CNBC, on Friday, Tesla CEO Elon Musk urged staff to reduce the cost of customer deliveries, rather than rushing orders out to hit the company’s end of quarter sales goals. The email comes amid ongoing rising shipping costs. 2021 has seen Tesla struggle to deliver new vehicles to customers […]
The Tesla CEO made the sales after exercising options to buy 2.15 million shares, according to filings with the Securities and Exchange Commission. Since November 8, Musk has sold around 9.2 million shares worth approximately $9.85 billion. The flurry of sales follows Musks’s Twitter poll in which he asked his followers whether or not he […]
According to court filings on Monday, JPMorgan Chase filed a lawsuit against Tesla for $162.2 million, accusing Musk’s electric vehicle company of “flagrantly” breaching a contract related to stock warrants after its share price rocketed. JPMorgan claims that Tesla breached the terms of a contract that was signed between the companies about repricing the warrants. […]
Chris West, CEO of Verbal Identity, explores the similarities between billionaires Elon Musk, Warren Buffett, and Steve Jobs. An obvious thing is the huge personal fortunes made from the companies they built. The less obvious thing is how they skillfully used language to build those companies (and those fortunes). Steve Jobs and Warren Buffett had […]
Musk’s trust sold over 3.5 million shares worth over $3.88 billion in a flurry of trades on Tuesday and Wednesday. The transactions were not marked as 10b5, which means they were not scheduled sales. The financial filings show that Musk is also selling a separate block of shares in his company via a plan that […]
According to a report by Bloomberg Wealth, the $50 billion drop marks the largest ever two-day decline recorded in the history of the Bloomberg Billionaires Index. While Musk still maintains his spot as the world’s richest man, his loss has narrowed the gap between the Tesla CEO and Amazon founder Jeff Bezos, the second richest […]
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