Tesla CEO Elon Musk has announced the early conclusion of the Tesla referral program citing the bloated cost as an unsustainable expense that is “adding too much” to the price of the carmaker’s vehicles. Initially scheduled to end on March 11, the end date has now been brought forward to February 1 as the electric […]

Tesla stock is seeing near 4% gains so far on the New York Stock Exchange (NYSE) as the US stock markets recover from two days in the red. Automotive companies are feeling the pinch of economic tightening and lowering demand for conventional, fuel-hungry, vehicles. The big car makers are ramping up their electric car developments, […]

Tesla shares have fallen after the electric carmaker revealed that it missed expectations for deliveries and will be cutting its vehicle prices by $2,000 in the US. The price cut, which will apply to Model S, Model X and Model 3 cars, is in response to a reduction in green tax credits. Tesla said it […]

Tesla has appointed Oracle co-founder Larry Ellison and Walgreens Boots Alliance executive Kathleen Wilson-Thompson to its board. The move further strengthens the board as pledged by founder Elon Musk to the Securities and Exchanges Commission. The SEC fined Mr Musk over misleading tweets that he had funding to take Tesla private. Investors greeted the news by […]

Tesla Inc (TSLA.O) has ended weeks of speculation by promoting one of the electric carmaker’s independent directors, Australian accountant Robyn Denholm, to replace Elon Musk as chairman. The change in structure at the Silicon Valley firm, agreed to by Musk in a September court settlement with regulators, is supported by many on Wall Street who […]

On November 6, a paid advertisement emerged on Twitter, showing a verified account Tweeting out a fake crypto giveaway scam. A verified account with Twitter handle “@patheuk,” the official account of a UK-based film studio Pathé UK, began to Tweet out fake Ethereum (ETH) and Bitcoin (BTC) giveaway scams, claiming to be Tesla and SpaceX […]

“These funds are important to the Saudi people in ensuring their economy diversifies and is no longer dependent on oil,” said Son. Masayoshi Son, the billionaire founder and chief executive officer of Japan’s SoftBank, said Monday he is not turning his back on investments with Saudi Arabia, despite the murder of Washington Post journalist Jamal […]

SAN FRANCISCO – When Tesla Inc posts third-quarter results on Wednesday, Chief Executive Elon Musk may show off a long-promised quarterly profit, as production of his Model 3 electric sedan takes off. But the real question is whether any such gains will be sustainable. Since May, Musk has promised that the company will post quarterly […]

  Elon Musk has reportedly entered the world of cryptocurrency, with the entrepreneur’s startup The Boring Company now accepting Bitcoin, Ethereum, Bitcoin Cash and Litecoin. Founded in 2016, The Boring company’s mission is to eliminate traffic in major cities by creating a web of underground tunnels that provide a new way to rapidly move from […]

The saga between Tesla  CEO Elon Musk and the U.S. Securities and Exchange Commission, which began with a now infamous “funding secured” tweet about taking the electric automaker private, is officially resolved. A federal judge has approved Musk’s settlement with the SEC over securities fraud allegations. Bloomberg was the first to report the judge’s approval. Tesla shares jumped more […]