Elon Musk’s tumultuous year was marked by political controversies and cryptocurrency upheavals that hit Tesla’s bottom line hard. Despite these obstacles, the billionaire entrepreneur maintained his focus on SpaceX, hinting at a resilient future beyond Earth’s orbit.
A Tesla owner says her car began rolling toward a tow truck without her prompting, despite pressing hard on the brake pedal. The collision left a dent and raised worries that the situation could have been much worse.
Tesla’s third-quarter financials showed a drop in profit, running counter to rising vehicle sales. Despite the dip, CEO Elon Musk predicted that the company’s robotaxi service could expand before the end of the year.
Elon Musk’s epic pay package dispute has entered its final stage as Tesla appeals to the Delaware Supreme Court. The outcome of this hearing could determine the fate of one of the largest CEO compensation plans in recent history.
Tesla’s Full Self-Driving feature is under federal scrutiny after the National Highway Traffic Safety Administration opened a probe into multiple incidents where cars allegedly broke traffic laws. This investigation raises broader questions about the safety of autonomous vehicle technology and potential regulatory measures.
Elon Musk has become the first person ever to surpass a net worth of US$500 billion, reaching US$500.1 billion by Wednesday afternoon. This remarkable achievement follows Tesla’s share rebound and the soaring success of his other business ventures.
Refined Wealth Management has taken a new position in Tesla, acquiring 668 shares during the second quarter. Valued at about $212,000, this investment represents around 0.1% of the firm’s holdings, according to its filing with the SEC.
Tesla electric vehicles are rewriting the rules on fuel costs, offering monthly expenses around $64 compared to $137 for traditional trucks like the Chevy Silverado. With maintenance and regional incentives factored in, Tesla emerges as a prime contender for drivers looking to cut costs and reduce their environmental footprint.
U.S. stocks opened the week on a positive note, with the S&P 500 edging above its previous record. The Dow Jones Industrial Average added 61 points, and Tesla shares soared after CEO Elon Musk disclosed a $1 billion purchase.
Tesla’s Berlin Gigafactory is escalating production to keep pace with Europe’s surging appetite for electric vehicles. The site recently assembled its 500,000th Model Y and is now rolling out an upgraded variant of the popular SUV, showcasing Tesla’s innovative momentum.
