Donald Trump, in a recent statement as President-elect, announced that Elon Musk and Vivek Ramaswamy will lead a new government branch called the “Department of Government Efficiency” (DOGE). This department aims to streamline the U.S. government by cutting wasteful spending, reducing bureaucracy, and restructuring federal agencies. Trump highlighted this as a major part of his […]
Tesla’s stock is seeing a massive surge, with its market cap now over $1 trillion after this week. This rise comes as investors anticipate potential support for Tesla under Donald Trump’s upcoming presidential term, following his recent election win. Tesla CEO Elon Musk has been a significant supporter of Trump’s campaign, contributing over $130 million […]
In his 2024 Presidential victory speech, Donald Trump highlighted Elon Musk as an American visionary, commending Musk’s technological achievements and the role he played in the campaign. The speech appeared to have an impact on the market, as Tesla shares jumped nearly 15% the day after the election, reflecting renewed investor confidence in the tech […]
Elon Musk has denied a report by The Wall Street Journal suggesting that his AI startup, xAI, was in talks with Tesla about a revenue-sharing deal in exchange for access to xAI’s technology and resources. The rumored arrangement would involve Tesla licensing xAI’s AI models to enhance its Full Self-Driving (FSD) software, with Tesla sharing […]
Republican presidential candidate Donald Trump stated on Monday that, if elected, he would consider ending the $7,500 tax credit for electric vehicle (EV) purchases and expressed openness to appointing Tesla CEO Elon Musk to a cabinet or advisory role. “Tax credits and tax incentives are not generally a very good thing,” Trump said in an […]
Tesla’s recently announced partnership with Costco in Taiwan has been abruptly canceled by CEO Elon Musk. The promotion, which was set to run for two weeks, offered Tesla vehicles for sale at Costco stores with special incentives for the first 50 buyers, including 5,000 km (3,100 miles) of free Supercharger credits and a Type 2 […]
Tesla CEO Elon Musk announced on Friday, April 5, that the company would unveil its Robotaxi on August 8, 2024. “Tesla Robotaxi unveil on 8/8,” Musk stated. Following the announcement, Musk responded to a comment by @SawyerMerritt, noting, “8/8 and year of the Dragon,” highlighting the significance of the number 8 in Asian cultures. On […]
Will Tesla release a Model Y ‘refresh’ in 2024 like it did with the new Model 3? According to CEO Elon Musk, the answer is no. When @CuriousPejjy posted on X, “There’s rumors going around that the $TSLA Model Y Refresh will be ready by next month…I’m having a hard time believing that,” he ended […]
Tesla contends that the lawyers responsible for axing Elon Musk’s $56 billion compensation package merit only a small portion of the $5.6 billion fee they requested, arguing that the lawsuit brought minimal advantage to the company. This position was articulated in court documents filed on Friday. Richard Tornetta’s legal team, whose lawsuit led to the […]
Elon Musk has countered a CNBC report alleging that he diverted Nvidia AI processors intended for Tesla to his social media company, X. Musk responded on X, stating, “Tesla had no place to send the Nvidia chips to turn them on, so they would have just sat in a warehouse. The south extension of Giga […]
Elon Musk traveled to Bali on Sunday to launch SpaceX’s Starlink satellite internet service in Indonesia, the world’s largest archipelago nation. Wearing a green Batik shirt, Musk was greeted with a garland of flower petals at a community health clinic in Denpasar, where he launched the service alongside Indonesian ministers. Indonesia, a country of 17,000 […]
Tesla is seeking the support of its substantial base of retail investors to approve CEO Elon Musk’s $56 billion pay package. According to a person familiar with the matter, Bloomberg reports the company’s board has hired a strategic adviser and is working with an outside law firm to drive this initiative. A dedicated “Vote Tesla” […]
China’s Premier Li Qiang met with Tesla CEO Elon Musk in Beijing on Sunday, praising Tesla’s contributions to US-China cooperation, according to China’s state television. The meeting highlighted Tesla as a successful example of bilateral collaboration. Musk’s visit aligns with his interest in expanding Tesla’s autonomous driving technology in China, the world’s largest auto market, […]
Tesla has eliminated inventory discounts for all its vehicle models across the United States, sparing only demo cars from this change. This move, highlighted by @SawyerMerritt, marks the first time since 2022 that Tesla has offered no discounts on its Model 3, Model Y, Model S, and Model X vehicles in the U.S. market. Previous […]
Tesla CEO Elon Musk is scheduled to visit New Delhi, India, in the week of April 22 for a meeting with Prime Minister Narendra Modi. The agenda for the high-profile meeting includes discussions on potential investments and the possibility of setting up a Tesla manufacturing facility in India. This initiative is part of Tesla’s strategy […]
