Tesla

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Monday Wasn't a Great Day for Elon Musk

Tesla CEO loses $15B as company shares, and Bitcoin, slide

(Newser) - Holding on to the title of world's richest person is tricky business. Elon Musk, who took the crown earlier this year, has given it back to Jeff Bezos, reports Bloomberg . Musk lost $15 billion on Monday alone as Tesla's stock slid nearly 9%. That knocked Musk's net...

Tesla Drops 8.5% on Bad Day for Big Tech
Big Tech Just Had
a Bad Day on Wall St.
MARKETS
Feb 22, 2021 3:50 PM CST

Big Tech Just Had a Bad Day on Wall St.

American Airlines was among the big winners

(Newser) - Stocks closed mostly lower on Wall Street Monday, dragged down by losses in several Big Tech companies. The pullback helped drag down the Nasdaq and the S&P 500, while the Dow, which isn't as heavily weighted with tech stocks, rose, the AP reports. The S&P 500 fell...

Bitcoin Price Tops $50K for the First Time

More companies are getting behind digital currency

(Newser) - The seemingly unstoppable rise of Bitcoin continued Tuesday with the cost of a single unit of the digital currency rising above $50,000 for the first time. The price of Bitcoin has risen almost 200% in the past three months, and its volatility was on display Tuesday. After rising above...

Jaguar Is Going All-Electric by 2025

British firm says it will 'reimagine the benchmark of luxury'

(Newser) - Struggling luxury car brand Jaguar will be fully electric by 2025, the British company said Monday as it outlined a plan to phase out internal combustion engines. Jaguar Land Rover, which is owned by Indian conglomerate Tata Motors, hopes the move will help turn around the fortunes of the 86-year-old...

Elon Musk Move Sends Bitcoin Soaring

Tesla invests $1.5B in cryptocurrency, may accept it as payment

(Newser) - The world's richest person in terms of dollars just made a big splash in the world of cryptocurrency, too. Elon Musk's Tesla has invested $1.5 billion in bitcoin and says it plans to begin accepting it as a form of payment, reports MarketWatch . The move gave an...

Tesla's Profit Doesn't Come From Where You Think

Automaker is currently in the black thanks to selling regulatory credits, not cars

(Newser) - Tesla posted its first-ever annual profit in 2020, but business writers are adding an asterisk. Timothy Green at the Motley Fool points out that Elon Musk's company is in the black thanks more to sales of regulatory credits than electric vehicles. Eleven states demand that automakers sell zero-emissions vehicles...

Tesla Just Turned Its Cars Into Giant Boomboxes

Software update produces such car horn sounds as applause, bleating goats, and, yes, farting

(Newser) - Ever wanted to express your displeasure at fellow drivers by farting at them? If you're the owner of a Tesla, your dream may have just come true. Announced by company CEO Elon Musk on Christmas Day, the newest software update from the electric car manufacturer features "Boombox" mode,...

You Just Can't Leave a 1710 Violin in Your Car

Art dealer was in the process of taking the instrument to a safer spot

(Newser) - Rowland Weinstein wanted to put his 1710 violin someplace safer. In the process of moving it, the Los Angeles Times reports, he left the rare Amati in his white Tesla for a moment while he was in his Los Angeles home. When he came outside, they were both gone. The...

Elon Musk: Apple Could Have Bought Tesla

But Tim Cook wouldn't meet with him, Musk says

(Newser) - Apple is reportedly working on its own electric car, but it apparently could have owned Tesla. Elon Musk on Tuesday revealed that, "during the darkest days of the Model 3 program," he tried to sell his company to Apple. "I reached out to Tim Cook to discuss...

Musk Decries 'MBA-ization' of Corporate America

SpaceX and Tesla CEO says today's leaders are too focused on numbers, not innovation

(Newser) - Academia is often accused of being plagued by professors in ivory towers. In corporate America, according to Elon Musk, the problem may be too many MBAs. That was his take at the Wall Street Journal CEO Council summit on Tuesday, where he railed against business school grads running things in...

Calif. Didn't Worry Elon Would Leave, Probably Should Have

Tesla founder says he has moved to Texas

(Newser) - The second-richest person in the world has left California for a state that will let him keep a little more of that wealth. Elon Musk on Tuesday revealed that he has moved to Texas, a state that levies no income tax and doesn't tax capital gains for individuals. Compare...

Elon Musk's Newest Foe: Sleeping Snakes

Construction on hold at site of German gigafactory

(Newser) - Tesla is hoping to have its first European factory up and running by July. But that plan was in doubt Tuesday after a German court ordered the company to stop clearing a forest on the proposed site in Gruenheide, south of Berlin. The reason: sleeping snakes. As Reuters and the...

Elon Musk to Become Earth&#39;s 3rd Richest Person
It's a Very
Good Day for
Elon Musk
Nov 17, 2020 7:37 AM CST

It's a Very Good Day for Elon Musk

Tesla CEO is about to become 3rd-richest person on the planet as his company joins S&P 500

(Newser) - Tesla and SpaceX CEO Elon Musk is set to overtake Facebook CEO Mark Zuckerberg as the world's third-richest person on Tuesday. Tesla's stock closed just above $408 on Monday but jumped 14% in after-hours trading following news that the company will join the S&P 500 index on...

Tesla Just Got Into the Booze Business

'Tesla Tequila' is already sold out, even at $250 a bottle

(Newser) - On April Fools' Day in 2018, Tesla CEO Elon Musk posted a jokey tweet showing him "passed out" next to a Tesla Model 3, apparently inebriated from drinking too much "Teslaquilla." It was apparently no joke—or if it was at the time, Musk soon got serious...

Weird Pitfall for Tesla Owners: Pricey Butt-Dials
Tesla Owner's Butt-Dial
Proves to Be Costly
in case you missed it
Oct 11, 2020 6:13 AM CDT

Tesla Owner's Butt-Dial Proves to Be Costly

Driver trying to get a refund for accidental $4K upgrade, and he's not the first

(Newser) - Tesla makes it pretty easy for owners to get upgrades with snazzy new features for their cars. It's all done via app. But as one driver tells CNBC , the process might be a little too easy. Ali Vaziri says he essentially butt-dialed a $4,280 software upgrade, and now...

Musk to US: You Owe Me Tariff Money, Plus Interest

Tesla, other major automakers suing the government over trade war with China

(Newser) - Elon Musk isn't just calling for the US to end new tariffs on Chinese products—he wants a refund for the money's he already paid, plus interest. Musk's car company, Tesla, filed a lawsuit against the US this week over the import tariffs, as did automakers Ford,...

The Car Was Going 93mph. The Driver Was Taking a Nap

Canadian officers say they found both front seats reclined, car apparently on Autopilot

(Newser) - Police in Canada say a man has been charged over a July incident in which he was allegedly snoozing away as his apparently self-driving car traveled more than 93mph. Royal Canadian Mounted Police officers were alerted around 4pm on July 9 to a Tesla Model S speeding down the highway...

Cops: Man Smashes Into Patrol Cars While Catching a Flick

North Carolina doctor had his Tesla in 'Autopilot' mode, police say

(Newser) - Bad luck: to crash into other vehicles while driving. Worse luck: to crash into other vehicles that happen to be police cars. Worst luck of all: to do all of the above while you're watching a movie. Officials in North Carolina say that was the fate of a Raleigh...

You&#39;ve Never Seen a Chocolate Chip Like This
You've Never Seen a
Chocolate Chip Like This
in case you missed it
Aug 1, 2020 2:00 PM CDT

You've Never Seen a Chocolate Chip Like This

Tesla designer's mold puts taste and texture first

(Newser) - You might be surprised to learn there's essentially no design to the classic chocolate chip you know and love, whose shape comes from being dropped on the factory line. The goal is mass production rather than optimal taste. But now, a senior industrial designer at Tesla says he's...

Tesla Sells Out of '$69.420' Short Shorts

Musk taunts short sellers with 'fabulous' shorts

(Newser) - After a surge in Tesla's share price, CEO Elon Musk celebrated in typically understated fashion: He taunted short-sellers by selling short shorts through Tesla's online store, apparently setting the price at the first numbers that came into his head: $69.420. CNET notes the 420 part might be...

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