New York CNN — Tesla’s next vehicle assembly plant will be in Mexico near Monterrey, CEO Elon Musk announced Wednesday. “We’re super excited about it,” Musk said during an investor day for the company. “We’ll continue to expand production at all of our existing factories. So this is not moving output to anywhere, from anywhere. […]
New York CNN — Tesla CEO Elon Musk gave 11.5 million shares of his stake in the electric automaker to an undisclosed charity last year, shares worth about $1.9 billion at the time they were donated. The donation would make him the second largest charitable donor in 2022, according to a ranking of the Chronicle […]
CNN — The president of SpaceX revealed the company has taken active steps to prevent Ukrainian forces from using the critical Starlink satellite technology with Ukrainian drones that are a key component of their fight against Russia. “There are things that we can do to limit their ability to do that,” Gwynne Shotwell told reporters […]
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN — Welcome to the first trading day of 2023. Markets are pushing higher but don’t […]
Hong Kong Reuters — Tesla Inc’s China chief Tom Zhu has been promoted to take charge of the electric carmaker’s US assembly plants as well as sales operations in North America and Europe, according to an internal posting of reporting lines reviewed by Reuters. The Tesla (TSLA) posting showed that Zhu’s title of vice president […]
London CNN — Bernard Arnault, the chairman of French luxury goods giant LVMH (LVMHF), has just become the first European to top Bloomberg’s list of the world’s richest people, relegating Elon Musk to second place. Now worth $171 billion, Arnault’s wealth eclipsed the Tesla CEO’s $164 billion fortune on Tuesday, according to the Bloomberg Billionaires […]
New York CNN Business — Here’s more bad news for Tesla CEO Elon Musk — as if he needs any. Investors who took short positions in Tesla stock have made an $11.5 billion profit so far this year, according to Wall Street analytics firm S3 Partners, as Tesla shares lost about half their value. That’s […]
Washington CNN Business — New Twitter owner Elon Musk declared last month that “hate speech impressions” had dramatically fallen on the platform since he took over. It was a remarkable claim, given that Musk has executed mass layoffs and chased away hundreds of employees, draining the company of much-needed resources to enforce content moderation policies, […]
CNN Business — Tesla made the first deliveries of its Semi truck to customers Thursday evening, five years after the heavy-duty hauler was first unveiled. The event included two truck cabs decked out in the livery of Pepsi and Frito-Lay, PepsiCo’s snack foods subsidiary. The Tesla Semi was first shown as a prototype in 2017. […]
Washington CNN Business — Twitter searches for the widespread Covid-19-related protests in China are returning a flood of spam, pornography and gibberish that some disinformation researchers say at first glance appear to be a deliberate attempt by the Chinese government or its allies to drown out images of the demonstrations. Beginning late last week and […]
