To a degree unseen in any other mogul, the world’s richest man acts on impulse and the belief that he is absolutely right.
He raised $8.5 billion in a series of sales this week and said he didn’t have plans to sell any more.
His products are good for customers and good for the world.
Tesla is highly traded, and Elon Musk’s sale of more than $16 billion worth of stock last year did not appear to push share prices lower.
Tesla is highly traded, and Elon Musk’s sale of more than $16 billion worth of stock last year did not appear to push share prices lower.
Mr. Musk has been building a stake in the social media company and last week made an unsolicited offer to acquire it outright.
The electric carmaker had to close an important factory in Shanghai because of China’s efforts to stamp out a coronavirus outbreak.
Delays in producing the pickup have allowed rivals like Ford to beat Tesla to market with electric pickups.
The company is plugging $30 million into a start-up co-founded by one of Silicon Valley’s favorite scientists.
The electric carmaker maintained its momentum from last year even as larger automakers continue to struggle with parts shortages.
The $7 billion plant will eventually produce half a million S.U.V.s a year, the company said.
The $7 billion plant will eventually produce half a million S.U.V.s a year, the company said.
Frunks are just the start — think Cybertruck, not Focus.
German authorities cleared the plant, which was built near Berlin, to open for production. Tesla plans to build 500,000 electric cars a year there.
Some drivers have complained that cars using the company’s Autopilot system have been slowing down suddenly even when there are no hazards ahead.
The suit comes months after a jury awarded a former Black employee at the electric carmaker’s San Francisco-area factory $137 million.
“Es una de las principales transformaciones industriales quizá en la historia del capitalismo”, dijo un ejecutivo de la industria. La creciente demanda por los coches eléctricos está impulsando una transición radical que podría beneficiar al medioambiente.
The electric vehicle maker’s stock surged after a public offering last fall but has since plunged, in part because the company failed to meet its 2021 goals.
The electric vehicle maker’s stock surged after a public offering last fall but has since plunged, in part because the company failed to meet its 2021 goals.
Booming in a depressed market, battery-powered vehicles are a plus for the climate but pose a big threat to carmakers and parts suppliers that are slow to change.