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 […]
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 […]
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