New data from Experian shows that 294,218 electric vehicles were sold between January and August of this year. Although this figure only accounts for 2.7% of total automobile sales, it nonetheless represents a 114% increase when compared to the same period of 2020. Out of the 294,218 electric vehicles sold, 194,165 (or 66%) were Teslas, […]
On Thursday, Tesla Chief Executive Elon Musk said he plans to move the electric carmaker’s headquarters from Silicon Valley’s Palo Alto, California, to Austin, Texas, where the company is building a massive car and battery manufacturing complex. Tesla joins Oracle, HP, and Toyota in moving its headquarters from California to Texas. While Silicon Valley is […]
Elon Musk is the billionaire entrepreneur and business magnate responsible for co-founding the cutting-edge companies PayPal, Tesla, and SpaceX, amongst others. Over the years, he has been compared to the likes of Steve Jobs and Henry Ford, and even Iron Man, with actor Robert Downey Jr allegedly modelling his portrayal of Tony Stark off of […]
The CEO’s comments come in a pre-recorded Q&A style stream at the World Internet Conference, which was hosted by the Cyberspace Administration of China. The comments mark the second occasion this month upon which Musk complimented China — a country that will play a vital role in the long-term success of Tesla. Less than two […]
Image by NVIDIA Taiwan - https://www.flickr.com/photos/nvidia-taiwan/27097146880, CC BY 2.0, https://commons.wikimedia.org/w/index.php?curid=59106866 Cook’s inclusion on Time’s list comes just a day after Apple revealed its iPhone13 range alongside its new Apple Watch Series 7 and upgraded iPads. In Cook’s profile, Nike co-founder Phil Knight writes: “What separates the good from the great are intangibles such as character, […]
BHP and KoBold Metals will work together in their search for nickel, lithium, cobalt, and copper in Australia. The companies’ 3-year partnership could help to source nickel used in Tesla’s vehicles, with BHP signing a deal with the electric vehicle manufacturer back in July. KoBold Metals, a mineral exploration company based in Silicon Valley, uses […]
Three of Ark Invest’s funds, including its flagship Ark Innovation ETF, sold 142,708 shares of Tesla on Wednesday, according to the firm’s daily transaction reports. The shares represent a stake worth approximately $108 million. These latest transactions come just days after Wood praised the electric vehicle company’s success. In an interview with Yahoo Finance, Wood […]
The billionaire entrepreneur said that the “Tesla Bot” will stand around 5 ft 8in tall and will weigh approximately 125lbs, designed to do work that is “boring, repetitious, and dangerous”. The bot would be able to undertake a range of tasks, from attaching bolts to cars to picking up groceries in shops. Musk has also […]
In the three months to the end of June, Tesla saw sales rise to $12 billion, a figure which has doubled from a year ago when its US factory was shut down. Over the same time period, the electric car manufacturer has said it delivered a record 200,000 vehicles to customers, adding that public support […]
Professor Stephen Wyatt looks to the battle between Tesla and General Motors to explore why past performance is becoming irrelevant. In 1934 Benjamin Graham addressed the question of how much a company’s share price should be with a formula [ (E x G)/K2 + (D/K) ]. E is the company’s earnings, G is the rate of […]
On Monday, the Society of Motor Manufacturers and Traders (SMMT) revealed that 5,468 of the Tesla Model 3 were sold in June, catapulting it to the top of Britain's best-selling list for June. Its closest rival was the Volkswagen Golf, which it outsold by over 800 vehicles. Across Britain last month, 186,128 new cars were […]
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