Musk’s ‘unfathomable’ $56bn Tesla pay package overruled by US judge January 31, 2024 A Delaware judge has ruled in favour of investors who contested Elon Musk's $56bn (£44.2bn) Tesla pay package, deeming it excessive.
The hedgies who sniffed out Wirecard have a new target: the AI bubble January 23, 2024 A hedge fund which looks for companies with 'funny smells' thinks 'AI euphoria' is skewing valuations
Investors ready for Tesla update as Musk eyes bigger stake January 21, 2024 Elon Musk's Tesla is gearing up to release its fourth quarter results on Wednesday as Musk is vying for a larger stake.
Tesla ‘master of coin’ quits: CFO Zachary Kirkhorn to leave after 13 years August 8, 2023 Tesla chief financial officer Zachary Kirkhorn has announced that he will be departing the company after 13 years with the the electric vehicle and solar panel maker. Mr Kirkhorn, given the Game of Thrones-style title ‘master of coin’ by the company, stepped down on Friday but will remain with Tesla through the end of the year to “support [...]
Elon Musk poised to disrupt UK energy market with new Tesla supplier July 12, 2023 The energy market could be shaken up by a bold new challenger, with Elon Musk's Tesla unveiling plans to launch a new supplier in the UK.
Elon Musk rubbishes Tesla exist chatter and commits to ‘try a little advertising’ too May 17, 2023 Elon Musk has dismissed speculation he may step down as Tesla’s boss – and told the company’s annual shareholders meeting the electric car and solar panel firm will start doing some advertising. “Say it ain’t so,” a shareholder said to Musk about stepping down as Tesla’s chief executive. “It ain’t so,” he replied. When another [...]
Musk relaunches Tesla flagship model at lower price as supply chain backlog lifts May 3, 2023 Tesla Inc has resumed taking orders for its Model 3 long-range version in the United States, the company’s website showed late on Tuesday, after a temporary halt last year due to delivery backlogs. The long-range version of the entry-level Model 3 is priced at $47,240 currently, about 18.5% less than the $57,990 it was priced at [...]
Tesla profits driven down as carmaker continues to slash prices April 20, 2023 Price reductions across the model line-up cut into Tesla’s first-quarter net income, causing it to fall 24 per cent from a year ago. The electric car and solar panel company, based in Austin, Texas, said on Wednesday it made $2.51bn dollars (£2.01bn) from January through to March, down from $3.32bn (£2.67bn) a year ago. Revenue rose 24 [...]
Tesla: Musk’s EV giant ready to enter UK insurance market with launch of London firm February 6, 2023 Electric vehicle (EV) maker Tesla appears to be readying itself to begin insuring British drivers through the launch of its own London-based insurer. Elon Musk’s automotive company is seeking to open a UK branch of its Malta-based insurance business, filings to Companies House show. Tesla is also hiring a lawyer to work in its “full-stack [...]
Elon Musk: Twitter a ‘powerful tool’ to drive Tesla’s demand as car maker’s revenue soars to $24.3bn January 26, 2023 Twitter is “an incredibly powerful tool” to drive Tesla’s demand, according to chief executive Elon Musk. “I really encourage all kinds of automotive companies to use their Twitter accounts in ways that are interesting, informative and entertaining and it will help drive sales just as it has with Tesla,” Musk told investors on Wednesday night. [...]