Tesla - Page 9

WSJ: Elon Musk’s Financial Empire Is in Trouble

In a recent article, the Wall Street Journal reports that Tesla CEO and Twitter owner Elon Musk’s immense wealth and borrowing power are being tested as Tesla shares continue a rapid decline while he attempts to stabilize his $44 billion investment in Twitter.

Elon Musk and Cybertruck

Elon Musk Argues with Investors Over Tesla Shares Dropping Like a Rock

Tesla CEO and Twitter owner Elon Musk has been arguing with Tesla investors in recent days as the electric car company’s stock price continues to plummet. Long-time Tesla bull Ross Gerber complained that Tesla has “no CEO,” while Musk steadfastly claimed that the drop in Tesla shares is strictly due to macroeconomic factors.

Elon Musk examines cracked Cybertruck windows

Elon Musk Sells *Another* $3.5 Billion of Tesla Stock

Tesla CEO Elon Musk has sold more than $3.5 billion worth of Tesla stock this week in his second round of sales since purchasing Twitter. In early November, Musk sold $4 billion worth of Tesla shares. In a post that may explain the sale, Musk stated: “At risk of stating obvious, beware of debt in turbulent macroeconomic conditions, especially when Fed keeps raising rates.”

CHICAGO, IL - JUNE 14: Engineer and tech entrepreneur Elon Musk of The Boring Company list

Elon Musk Claims Twitter Layoffs Are Done and Company Is Hiring Coders

Twitter owner Eon Musk has said that after firing almost two-thirds of Twiter’s 7,500-person workforce over the past three weeks and decimating the company’s contract workforce, the company is now hiring again with an emphasis on coders. Musk didn’t comment on if he would rehire any workers impacted by layoffs if they learned to code.

The Associated Press

Elon Musk Takes the Stand to Defend His Tesla Compensation

Tesla CEO Elon Musk testified this week in a shareholder lawsuit that challenges his massive compensation package from the electric car giant. The lawsuit calls Musk a “part-time CEO” and alleges he was able to influence the company’s board of directors, claiming few if any directors are actually independent of Musk.

Elon Musk shades his eyes in front of a Tesla

Electric Disaster: Four People Killed in Fiery Tesla Crash

Four people were killed Tuesday in Martin County, Florida due to a two-vehicle crash involving a minivan and a Tesla. The Tesla caught on fire following the collision. One bystander described trying to rescue a teen from the Tesla, saying: “I was face to face. I tried to crawl up underneath the car to try and do something there but the fact it was exploding people were yelling, ‘the car is going to explode, the car is going to explode.’ I couldn’t physically reach the kid that was in there.”

Elon Musk

Rick Scott Demands Action on Electric Vehicles Transformed into Ticking Time Bombs by Hurricane Ian

Florida officials are expressing growing concern about fires involving electric vehicles such as Tesla cars in the wake of Hurricane Ian. Sen. Rick Scott is demanding action from both the Department of Transportation and vehicle makers as the ticking time bombs created by salt water interacting with EV batteries is draining the resources of first responders. In a letter, Sen. Scott wrote: “This emerging threat has forced local fire departments to divert resources away from hurricane recovery to control and contain these dangerous fires.”

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