No stranger to making bizarre headlines, Tesla’s CEO, Elon Musk, looks set to purchase social media giant Twitter for around US$44 billion. Earlier this year, Musk revealed his plans to become Twitter’s largest single shareholder after purchasing a 9.2 per cent stake in the social media company. He was then […]
Elon Musk
Elon Musk says Hertz received no discount on record 100,000-unit order
Tesla’s CEO, Elon Musk, has announced that despite Hertz placing the single-largest order of electric vehicles we’ve ever seen, the rental car company received no discount on the order of 100,000 Model 3s. Tesla and Hertz both made waves yesterday after news of Hertz placing an order for 100,000 Model […]
Tesla Model 3 Australian deliveries confirmed for “mid 2019”
Those interested in buying a Tesla Model 3 in Australia, or those awaiting delivery, will be excited to hear the company boss has confirmed a more detailed timeline for right-hand drive production. Production of right-hand drive versions was previously locked in for 2019. However, in a recent Twitter conversion, Elon […]
Saudi fund interested in Tesla also looking at Lucid Motors – report
The Saudi Arabian fund reportedly interested in Tesla’s possible move to go private is also looking to invest in one of Tesla’s competitors, Lucid Motors, according to a report. PIF – the Saudi Arabian sovereign wealth fund that Tesla CEO Elon Musk last week confirmed he was in talks with […]
Tesla to go private, Saudi Arabia investor a key driver
Just under a week after the news that Elon Musk was planning on taking Tesla Motors private at $420 a share, the CEO has posted an update identifying Saudi Arabia as a key player and motivating force behind the tweet. In a new press release published on Tesla’s website, Musk […]
Tesla, Elon Musk facing lawsuits for allegedly manipulating stock price
Tesla and company boss Elon Musk are reportedly facing class-action lawsuits in the US after two separate lawsuits were filed following Musk’s intention to take to company private. As reported just a few days ago, Tesla’s CEO, Elon Musk, was planning on taking the company private according to a tweet […]
Elon Musk considers taking Tesla private
Tesla’s CEO Elon Musk has announced plans to make Tesla a privately-traded company once again, adding that the company has secured funding for a potential buy-out 23 per cent higher than its current stock price. In a somewhat extraordinary move, Elon Musk took to Twitter to make the unofficial announcement, […]
Tesla reports record loss in 3rd quarter, US$671 million
Having reported loss after loss, Tesla has just posted another one, this time of US$671 million for the third quarter of this year. This is the biggest loss the company has ever reported. Most of this is being blamed on the ramp up in production to fulfil the huge demand […]