Brokerage stats – Tesla Shanghai added to inventory at its fastest rate ever last month
Brokerage data revealed that Tesla (TSLA.O) increased its electric vehicles inventory in Shanghai at its quickest rate ever in October, at a time when investors and manufacturers are preparing for a decline in the world’s largest auto market.According to data from China Merchants Bank International, Tesla manufactured 87,706 Model 3s plus Model Ys in Shanghai…
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Musk seeks to market away 20 mil EVs which may pull billions from Tesla
Elon Musk, the CEO of Tesla Inc. (TSLA.O), has put his young firm on an aggressive expansion route that no other automobile executive has ever imagined.However, this path is full of potholes and other obstacles that could delay or derail the voyage.The company’s growth promises for shareholders and its commitment to promoting the use of…
Eutelsat & UK’s OneWeb in negotiations about all-share merge
In order to compete with projects like SpaceX’s Starlink & Amazon.com’s (AMZN.O) Project Kuiper, owned by Elon Musk, and SpaceX’s rival OneWeb, owned by the British business OneWeb, French satellite provider Eutelsat (ETL.PA) announced it was in talks with the British company. OneWeb, which has been estimated at $3.4 billion in its most relative and…
Tesla brand threatened by Musk harassment claim
Elon Musk has made a name for himself and Tesla by breaking the rules, but the billionaire’s latest comments on politics and a claim of sexual harassment against him that he said is untrue may hurt the brand in the eyes of some car owners and employees. Musk denied a report by Business Insider that…
Indonesia’s Jokowi meets Tesla’s Musk after nickel talks
Indonesian President Joko Widodo met Tesla Inc Chief Executive Elon Musk in Texas to discuss potential investments and technology, Indonesia’s government said. The meeting between Musk and Widodo, better known as Jokowi, came after a round of working-level discussions on a potential investment in Indonesia’s nickel industry and supply of batteries for electric vehicles, Indonesian officials…
Investors think unlikely Musk buys Twitter at agreed $44 BLN price
The stock market took the view for the first time that it was unlikely that Elon Musk will acquire Twitter Inc for $44 billion. The implied probability of the deal closing at that price fell below 50% when Twitter shares hit $46.75, based on the $54.20 deal price and Twitter’s shares having closed at $39.31 on…
Musk defends timing of Tesla’s $2.6 billion deal for SolarCity
Elon Musk told a judge that the Tesla Inc had to buy SolarCity in 2016. This is because the failing solar panel company was essential to the electric vehicle maker’s long-term goal of accelerating the transition to sustainable energy. The chief executive completed about eight hours of testimony over two days to defend himself against…
Tesla Q2 deliveries meet analyst’s estimates despite chip shortage, shares gain
Tesla Inc posted record vehicle deliveries for the second quarter that were in line with Wall Street estimates as the electric-car maker coped with a shortage of chips and raw materials. They have delivered 201,250 vehicles in total during the second quarter. Musk congratulated in tweet the tesla team for their over 200,000 cars built…