Tesla’s first-quarter earnings call for 2024 is tonight, and it’s shaping up to be a rough one. The stock is nosediving, and investors desperately want Elon Musk to right the ship — and, in doing so, reinspire their confidence in the company’s continued ability to generate returns. Why Tesla stock might not be a buy … Read more
Tesla Inc. has reduced prices for all its vehicles in China, according to its official website, as the US car giant faces stiff competition from China while its boss Elon Musk also had to defer visit to India that would open up a new big market for the company. This move follows price cuts on … Read more
Tesla is in a bad spot. The world’s largest electric carmaker on Monday told employees it would lay off more than 10% of its workforce, and two senior executives said they were leaving. Earlier this month Tesla announced a stunning drop in sales, delivering 387,000 cars worldwide in the first quarter, down 8.5% from the … Read more
Tesla had a really rough first quarter of 2024, and unfortunately for Elon Musk’s automaker, it doesn’t seem like it’s going to be an isolated incident. Industry analysts are now expecting deliveries for the entire 2024 calendar year to be noticeably down when compared to 2023. The Hype Behind Tesla Stock Success In 2023 One … Read more
Elon Musk is no stranger to court proceedings, but you wouldn’t know that reading this deposition that was released Monday. Musk was deposed in a lawsuit over the Tesla CEO falsely tweeting that a college kid from a different state was secretly a federal agent sent to disguise himself as a neo-Nazi and start a … Read more
Tesla investors are getting tired of Elon Musk’s antics (just like would-be buyers), and they are not a fan of another record payday for the CEO if he continues to be a “part-time” CEO. Shareholders are soon expected to vote on a new compensation deal for Musk at this year’s annual meeting after a Delaware … Read more
Photo: NASA/Ben Smegelsky NASA is looking for its next class of astronauts as the space agency ramps up its efforts to establish a permanent human presence on the Moon. While the public is free to apply online until April 16, the strict requirements mean that only a small sliver of the population has the flight … Read more
Elon Musk wants to go to Mars, for reasons that seem explicable only to him. Scientists think this is a dumb goal, and that the world’s on-and-off richest man should do something else with all that engineering talent he’s accrued at SpaceX. Really, anything else. Read more… FOLLOW US ON GOOGLE NEWS Read original article … Read more
Tesla is now going to offer U.S. customers a one-month free trial of its Full Self-Driving beta driver-assist system, according to a post on X from company CEO Elon Musk. The move comes as demand for electric vehicles softens and a price war among EV makers rages on. Both factors have hurt Tesla’s sales and … Read more
Elon Musk’s private space company SpaceX lost both launch vehicles in Starship’s first two test flights. Now, debris from those explosions is now fetching four-figure sums online, and SpaceX has taken a lax stance on recovering its spacecraft. According to Bob: Public Transit Is a Car Enthusiast’s Best Friend While Starship is known for exploding and … Read more
