Elon Musk

Tesla to accept Dogecoin for merchandise, Musk says

Posted in REVIEWS on January 14, 2022
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Tesla will accept meme-based cryptocurrency Dogecoin as payment for its merchandise such as the "Giga Texas" belt buckle and mini models of electric vehicles, Chief Executive Officer Elon Musk said in a tweet on Friday. The move, which sent Dogecoin prices 14% higher, comes a month after Musk said Tesla would test out the digital token as a payment option. Musk, a vocal proponent of cryptocurrencies, has heavily influenced prices of Dogecoin and Bitcoin, and Read More »

Tesla Full Self Driving software price rises to $12,000 in U.S.

Posted in REVIEWS on January 8, 2022
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Tesla Chief Executive Officer Elon Musk tweeted on Friday that the electric carmaker will raise the U.S. price of its advanced driver assistant software dubbed "Full Self Driving" to $12,000 on Jan. 17. The 20% price rise comes less than two years since Tesla raised Full Self-Driving (FSD) prices to $10,000 from $8,000 in 2020. Tesla FSD price rising to $12k on Jan 17 — Elon Musk (@elonmusk) January 7, 2022 "Tesla FSD price rising Read More »

Elon Musk exercises all of his Tesla stock options expiring next year

Posted in REVIEWS on December 29, 2021
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San Francisco – Tesla Chief Executive Elon Musk has exercised all of his options expiring next year, signaling an end to his stock sales that triggered a fall in the share price of the world's most valuable carmaker. Musk said last week that he would reach his target of selling about 10% of his stake in Tesla "when the 10b preprogrammed sales complete," likely referring to his options-related stock sales. Since early November, he has Read More »

Elon Musk says he sold 'enough' Tesla stock

Posted in REVIEWS on December 22, 2021
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San Francisco — Tesla CEO Elon Musk said he had sold "enough stock" to reach his plan to sell 10% of his shares in the world's most valuable car company, according to an interview released on Tuesday. The billionaire, who moved the company's headquarters from California to Texas this month after his personal move last year, also slammed California for "overtaxation." Tesla shares, which had hovered near record-highs, lost about a quarter of their value Read More »

Tesla faces investor lawsuit over Musk tweets on 10% stock sales

Posted in REVIEWS on December 18, 2021
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San Francisco — Tesla was hit by a lawsuit over CEO Elon Musk's social media posts including his Twitter poll on stock sales that pulled down its stock prices. Tesla investor David Wagner called for access to internal documents to investigate whether Tesla and Musk violated an agreement with the U.S. securities regulator and its board members failed to adhere to their fiduciary duties. In 2018, Musk settled a lawsuit by the Securities and Exchange Read More »

Elon Musk enters home stretch of his Tesla share sales

Posted in REVIEWS on December 17, 2021
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Elon Musk offloaded a second batch of Tesla Inc. shares in a matter of days and is now three-quarters of the way done selling 10% of his stake in the company. Tesla’s chief executive officer got rid of 934,091 shares for more than $884 million, according to regulatory filings dated Thursday. The sales were to pay for taxes on the exercise of 2.2 million options. Musk has been on a selling spree since he asked Read More »

Elon Musk named Financial Times 'person of the year'

Posted in REVIEWS on December 15, 2021
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The Financial Times newspaper has followed the Time magazine in naming Elon Musk, the chief of Tesla Inc, as its "person of the year", commending him for the work done in transforming the electric vehicle industry. Tesla, the global EV leader, has pushed many young consumers and legacy automakers to shift focus to electric vehicles. In a column, the FT's editor, Roula Khalaf, credited Musk for demonstrating that EVs could replace cars fueled by gasoline, Read More »

Elon Musk is Time's 2021 'Person of the Year'

Posted in REVIEWS on December 13, 2021
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Tesla Chief Executive Officer Elon Musk was named Time magazine's "Person of the Year" for 2021, a year that saw his electric car company become the most valuable carmaker in the world and his rocket company soar to the edge of space with an all-civilian crew. Musk is also the founder and CEO of SpaceX, and leads brain-chip startup Neuralink and infrastructure firm The Boring Company. Tesla's market value soared to more than $1 trillion Read More »

NYT goes inside Elon Musk's push for self-driving Teslas

Posted in REVIEWS on December 6, 2021
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We've known for some time that Elon Musk has a problem with using radar sensors on Teslas. We've also known that the automaker is under federal investigation for crashes involving Autopilot, and that U.S. senators and others have decried the use of the terms Autopilot and Full Self-Driving as deceptive and dangerous. But the New York Times today posted an article, "Inside Tesla as Elon Musk Pushed an Unflinching Vision for Self-Driving Cars," that does Read More »

Tesla German factory workers to set up union works council

Posted in REVIEWS on November 23, 2021
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BERLIN — Employees at Tesla's huge new factory near Berlin will elect a works council to represent their interests, a German trade union said on Tuesday. The IG Metall trade union said seven employees had taken the first step towards setting up a works council, planning to choose an election committee on Nov. 29. "A works council ensures that the interests of the workforce have a voice and a weight. This is in line with Read More »

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