Tesla - Page 13

Annoyed China Weighs in on Bezos-Musk Twitter Spat

Amazon founder and Washington Post owner Jeff Bezos criticized a fellow billionaire’s purchase of a media company on Tuesday by wondering if Communist China might use economic pressure against Elon Musk to gain “a bit of leverage” over Twitter. The Chinese Foreign Ministry brusquely labeled such ideas as “speculation . . . without any factual basis.”

Chinese Foreign Ministry spokesman Wang Wenbin listens to a question at the daily Foreign

Elon Musk Explores Tender Offer for Twitter

Tesla and SpaceX CEO Elon Musk is reportedly exploring a tender offer for Twitter, and has secured financing for the deal including $25.5 billion in loans from major banks. However, analysts warn that the Twitter board’s “poison pill” defense may still prevent a takeover.

elon musk

Twitter Investors Sue Elon Musk for Allegedly Delaying Disclosure of His Massive Stake in Company

A group of Twitter shareholders is suing Elon Musk for allegedly failing to disclose his significant stake in Twitter in an appropriate timeframe. The class action lawsuit against Musk alleges that he delayed a mandatory SEC filing as a major investor so he could purchase even more shares. The stock jumped 27 percent when Musk eventually did disclose his position, leaving investors who sold shares feeling left out in the cold.

Elon Musk of Tesla confused

Elon Musk’s Tesla Heaps Praise on Communist China

China’s state-run Global Times recently published an article titled “Tesla, Other U.S. Firms Confident in China Growth Prospects,” which includes gushing praise for the genocidal communist dictatorship from Elon Musk’s Tesla. According to Musk’s company, China is “natural fertile ground for Tesla’s innovative technology implementation and new energy ecosystem construction.”

Elon Musk shades his eyes in front of a Tesla

South Korea Investigates Tesla over Claims of Exaggerated Mileage in Ads

Tesla is reportedly facing an investigation by South Korea’s antitrust regulator which claims that the electric car maker exaggerated the mileage capability of some vehicles in its advertising. The investigation focuses on the driving range Tesla advertises for certain vehicles as opposed to what range is typically achieved in Korea’s cold winter climate.

Elon Musk at Model Y announcement

California Civil Rights Lawsuit: Tesla Factory Is a ‘Racially Segregated Workplace’

Elon Musk’s Tesla has been sued by a California state civil rights agency over allegations that the company is operating a “racially segregated workplace.” The director of the California Department of Fair Employment and Housing said: “After receiving hundreds of complaints from workers, DFEH found evidence that Tesla’s Fremont factory is a racially segregated workplace where Black workers are subjected to racial slurs and discriminated against in job assignments, discipline, pay, and promotion creating a hostile work environment.”

Elon Musk watches SpaceX launch

Hypemaster Musk Faces Scrutiny: SEC Delivers Another Subpoena to Tesla Over Elon’s Social Media Antics

The SEC has issued yet another subpoena to Tesla in relation to CEO Elon Musk’s tweets. Musk is supposed to have social media posts that have to do with his electric car company reviewed by a “Twitter sitter,” but has drawn fresh regulatory scrutiny over a Twitter poll asking the public if he should sell 10 percent of his stock holdings in the company, a sale that later did occur.

Elon Musk

Tesla Share Price Drop Wipes Out $100 Billion of Market Value in One Day

The recent drop in Tesla’s stock price wiped out around $109 billion of the companies valuation in a single day. According to one analyst, “Tesla is clearly running out of momentum, and the lack of a launch of a low-budget car in the mid-$20,000 range really dampens the growth outlook as the competition tries to catch up.”

Elon Musk of Tesla confused

Vaporware: Tesla Delays Cybertruck to 2023

Tesla has once again delayed one of its products, with the latest reports indicating that the company’s Cybertruck will be delayed until 2023. The Company initially promised production would begin in 2021.

Elon Musk and Cybertruck