Tag Archives: Tesla

(Bloomberg) — Tesla Inc. is on pace to wipe off over $100 billion from its valuation in a single session Tuesday with the stock down more than 11% on investors’ concern that Elon Musk may sell shares to complete his $44 billion takeover of Twitter Inc. Most Read from Bloomberg The electric-vehicle maker’s market capitalization is already down nearly $250 billion since April 4, when Musk disclosed that he increased his Twitter stake. That’s a drop of roughly 23%. The dollar value of… Source link

Yichuan Cao/NurPhoto via Getty Images Twitter officials are expected to meet Sunday to re-examine Musk’s offer to buy the company, WSJ reported. The company last week filed a shareholder rights plan or “poison pill” to prevent a hostile takeover by Musk. The Tesla CEO confirmed $46.5 billion in financing from banks and other entities in a regulatory filing earlier this week. Twitter is reportedly reconsidering Elon Musk’s bid to purchase the social platform, The Wall Street Journal… Source link

When Tesla (TSLA) reports earnings on Wednesday, all eyes won’t be on whether Elon Musk comments on his bid for Twitter on the earnings call (or if he is even on the call) but rather how big of a hit the company will experience due to a Shanghai factory production shutdown. “With Berlin and Austin key factories now online and producing Model Y’s in a quickly ramping pace, the main question for tomorrow is just how bad the China production issues are and what that means for deliveries in 2Q… Source link

Tesla has stopped including a complimentary with new vehicle orders. The change was first spotted by Twitter user , and later confirmed by CEO Elon Musk. The accessory, currently priced at $275 on its own, allows you to connect your Tesla to a wall outlet and get about two to three miles of range after an hour of charging. “Usage statistics were super low, so seemed wasteful,” Tesla CEO Elon Musk said in response to someone commenting on the news after it was shared more widely by… Source link

Hertz (HTZ) is pushing forward with its electric vehicle (EV) options with Tesla (TSLA) once again. First spotted by EV blog Electrek, Hertz has added Tesla’s Model Y crossover to its EV offerings on the company’s website. Previously only the Tesla Model 3 was available to rent. So far, only Model 3s are available for rental at select airports in D.C. (Dulles), Florida, California, and Georgia. A man photographs a Hertz Tesla electric vehicle displayed during the Hertz Corporation IPO at… Source link

Unlike traditional automakers, electric-vehicle (EV) maker Tesla (TSLA) can dynamically raise or lower prices at will — and it has just done that, again. For the second time in a week, Tesla is raising prices across the board for its U.S. product range encompassing the Model 3, Model Y, Model S, and Model X. Here are a few notable hikes: Model 3 Rear-Wheel-Drive, Tesla’s cheapest vehicle, went up $2,000 to nearly $47,000 Model 3 All-Wheel Drive jumped $2,500 to $54,500 The base version of… Source link

When President Joe Biden wanted to talk about building electric vehicle chargers as part of his “Made in America” initiative last week, he turned to the U.S. wing of a German technology conglomerate. It was Siemens USA CEO Barbara Humpton who was on stage with the president on Friday to announce $54 million in new investments, including a new plant that promises to be a centerpiece of the company’s efforts to produce over a million EV chargers in the U.S. over the next four years. The… Source link

Tesla CEO Elon Musk.Chris Saucedo/Getty Images for SXSW Billionaire investor Charlie Munger once told people at a lunch “all the ways Tesla would fail,” Elon Musk recounted. Musk said the Berkshire Hathaway vice chairman’s comment made him “quite sad.” Tesla is currently the world’s most valuable carmaker with a market capitalization of $954.3 billion. Elon Musk said billionaire investor Charlie Munger once told people at a lunch “all the ways Tesla would fail.” The Tesla CEO was responding to a… Source link

President Biden said something completely obvious on Feb. 8 — and it was big news for one of America’s most innovative companies. During an otherwise unremarkable address on domestic manufacturing, Biden referred to Tesla (TSLA) as “our nation’s largest electric vehicle maker.” This is unmistakably true, and nobody disputes it. But up till now, Biden has pushed aggressively for more electric vehicle manufacturing without ever acknowledging that Tesla already produces close to 1… Source link

As detailed in a broad SEC filing this week, Tesla gave investors an update on its Bitcoin holdings. Parsing through the disclosure, it boils down to this: Tesla bought around $1.5 billion in bitcoin (BTC-USD) in the early part of 2021; realized a gain of $128 million on a sale of some of its stake earlier in 2021; has now taken a $101 million impairment on the holding as bitcoin’s value has diminished; and currently Tesla’s bitcoin stake has a market value of nearly $2 billion, and a ‘carrying… Source link