Elon Musk is no longer the world's richest person after shares in his company Tesla plunged 7.2 percent on Monday, knocking him off the top of the Bloomberg Billionaires Index. Jeff Bezos has become the world's new richest person. Musk now has a net worth of $197.7 billion, while Bezos' fortune stands at $200.3 billion. This is the first time...
Lawyers who defended the interests of Tesla shareholders and pushed for Tesla boss Elon Musk not to receive a huge agreed fee of nearly $56 billion are now demanding a record fee for their legal services. That fee would amount to nearly six billion dollars and would be paid in Tesla stock. The three law firms involved in the litigation said thei...
The Texas-based private company Intuitive Machines' Nova-C Odysseus module landed on the Moon Friday night UTC with cargo from the National Aeronautics and Space Administration (NASA) and commercial entities. The lander began transmitting data about two hours after touchdown. The successful landing of mission IM-1 marks the first commercial miss...
Elon Musk once scoffed at the idea that a Chinese carmaker could compete with his Tesla. Now, the Chinese brand BYD, previously unheard of by many, is on track to become the world leader in electric vehicle sales. In the third quarter, the American Tesla sold 435,000 electric vehicles, while BYD, in which American billi...
Tesla's electric cars are among the most famous vehicles in their industry, paving the way for their mass proliferation. Under Elon Musk's leadership, the company has experienced a meteoric rise, and even though it has missed many deadlines for the launch or delivery of certain models and still hasn't successfully resolved the problems of gettin...
Neuralink, a company that develops brain chips, has received approval from the US Food and Drug Administration (FDA) for its first clinical trial in humans, Reuters reports. This is a major milestone for Elon Musk's company, but volunteers cannot yet sign up for the study. Musk has predicted at least four times since 2019 that his Neuralink will...
Elon Musk has dismissed a report that he plans to export Tesla cars from China to the US, despite lower production costs reportedly offsetting high tariffs on Chinese imports to the US. Tesla CEO Elon Musk has refuted a report that the company is planning to export electric cars made in China to the US and Canada. Reuters reported that Tesla ...
Recently, the Tesla Model Y became the best-selling electric car in Europe. This success is due to the combination of high quality, good range and modern design that customers are looking for. The Tesla Model Y is a mid-range all-wheel drive electric car and is available from 2020. This model offers more space than its predecessor, the Model...
Tesla Inc. will build a new battery factory in Shanghai, boosting investment in China at a time of rising tensions between Beijing and Washington. Tesla will produce large-capacity Megapack batteries at the new plant, which will complement its electric vehicle factory in Shanghai. The start of the project was announced this week at a contract...
