Elon Musk has reclaimed the title of the richest person in the world, per Bloomberg’s tally. As reported on CNN, the Tesla CEO was unseated from the top spot by Bernard Arnault, CEO of French luxury brand LVMH (LVMHF), in December of last year, making Musk No. 2 on the list for more than two…
Tesla chief executive Elon Musk says he donated around $1.95bn (£1.6bn) worth of shares in his electric carmaker to charity last year. As reported on BBC, the donation of 11.6 million shares was described in a filing with US regulators as “a bona fide gift”. The filing did not name the recipient, or recipients, of…
Tesla co-founder Elon Musk has been cleared of wrongdoing for a tweet in which he said he had “funding secured” to take the electric carmaker back into private ownership. Shareholders argued he misled them with his posts in August 2018, and they had lost billions of dollars because of them. The proposed $72bn (£60bn) buyout…
Mercedes-Benz will take a step towards offering a self driving car in the United States, or at least in some states, when it begins selling cars featuring its new Drive Pilot system later this year. As reported by CNN, Mercedes’ Drive Pilot system is designed to work on highways in dense traffic at speeds of…
Tesla is gearing up for a challenging 2023, after cutting prices to spur demand. The electric car company, led by billionaire Elon Musk, reported record revenue and profits in the three months to December, beating expectations. Musk acknowledged “questions” about how the firm will be affected by higher borrowing costs and a weaker economy. But…
Tesla has cut the price of some of its most popular electric cars by thousands of pounds in Europe and the US, in a bid to boost customer demand. The firm faces a difficult global economic outlook and increased competition from other carmakers. The price cuts are in the range of 10% to 13% in…
Elon Musk was the second person ever to amass a personal fortune of more than $200 billion, breaching that threshold in January 2021, months after Jeff Bezos. The Tesla Inc. chief executive officer has now achieved a first of his own: becoming the only person in history to erase $200 billion from their net worth….
Elon Musk doesn’t miss an opportunity to take a pop at the President of the United States, Joe Biden, doing so every time he alludes to the electrification of the American automotive industry. As reported by MARCA, this time, Tesla’s CEO has chosen his new ‘toy’, Twitter, to respond to a message from the American…
Tesla boss Elon Musk has sold another 19.5 million shares of the electric car maker worth $3.95bn (£3.4bn), filings with the US financial watchdog show. As reported by the BBC, the news comes less than two weeks after the world’s richest man completed his $44bn takeover of Twitter. Tesla’s share price has fallen by more…
Tesla has cut starting prices for its Model 3 and Model Y cars by as much as 9% in China, reversing a trend of increases across the industry amid signs of softening demand in the world’s largest auto market. The price cuts, posted in listings on the electric vehicle giant’s China website on Monday, are…
