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. […]
Ford has teamed up with Purdue University to create a prototype of a cable that could fully charge an electric vehicle’s battery in just five minutes. While there is still work to be done, the cable could nonetheless help overcome the final major obstacles preventing the adoption of EVs from becoming mainstream. Currently, slow charging […]
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 […]
The new sports utility vehicle is likely to be a successor to the manufacturer's current SUV, the G3 and the G3i. It's scheduled to be launched at the Guangzhou auto show on November 19. Following the news, Xpeng shares were up 10% in afternoon trade in Hong Kong. Xpeng currently sells two sedans, the P5 […]
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 […]
Shares in Tesla jumped 12.6% last week as Hertz announced it had ordered 100,000 vehicles to be delivered by the end of 2022. However, Musk has since tweeted, "I'd like to emphasize that no contract has been signed yet,” causing Tesla’s rally to stall. Tesla’s CEO also went on to say that "Tesla has far […]
The rise in Tesla’s share price has further bolstered the fortunes of its founder and chief executive, Elon Musk. According to Forbes, Musk became $25 billion richer following the deal with Hertz, making him wealthier than any billionaire ever. Recently, Morgan Stanley predicted that Musk will become the world’s first trillionaire. Tesla’s stock market value […]
Adam Jonas, an analyst at Morgan Stanley, said SpaceX was “challenging any preconceived notion of what was possible and the time frame possible, in terms of rockets, launch vehicles and supporting infrastructure”. He added: “More than one client has told us if Elon Musk were to become the first trillionaire ... it won’t be because […]
The tech company has unveiled three sleek battery-powered prototypes: a luxury sedan, a crossover SUV, and an electric bus. However, according to the press release, it appears that Foxconn does not plan to sell EVs itself. The vehicles will instead be released under the “Foxtron” brand in collaboration with other car manufacturers, such as Taiwan’s Yulon […]
According to Bloomberg’s Billionaires Index, Tesla and SpaceX CEO Elon Musk has once again overtaken Amazon founder Jeff Bezos as the world’s richest person thanks to Tesla’s soaring stock. On Friday, Tesla’s shares closed at $843.03 per share, a 3% increase on the day which takes the EV maker’s year-to-date gains to approximately 20%. Tesla’s […]
CEO Today Online and CEO Today magazine are dedicated to providing CEOs and C-level executives with the latest corporate developments, business news and technological innovations.
