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BEIJING, May 31, 2023 (AFP) — Elon Musk and China’s industry minister discussed ways to develop new energy vehicles Wednesday, a day after the Tesla CEO flew into Beijing and declared he wanted to expand his business in the world’s second largest economy. The mercurial billionaire, one of the world’s richest men, is on his first trip to China in more than three years. On Wednesday he met Jin Zhuanglong in Beijing to discuss “the […]
NEW YORK, United States (AFP) – Tesla reported another round of record quarterly profits Wednesday while confirming its long-term growth outlook in spite of concerns about rising competition and macroeconomic headwinds. Elon Musk’s electric vehicle (EV) company reported fourth-quarter profits of $3.7 billion, up 59 percent from the year-ago period as revenues jumped 37 percent to $24.3 billion. The results were fueled by a 31 percent rise in vehicle deliveries compared with the year-ago period. The EV […]
NEW YORK, United States (AFP) – Tesla said Monday it had delivered 1.31 million electric vehicles in 2022 — a record for the US automaker and a 40 percent jump from a year before, but still short of its own and Wall Street’s expectations. The Elon Musk-led company has set a long-term goal of increasing its deliveries by 50 percent a year on average. Tesla regularly says the objective may fluctuate based on operations and in […]
NEW YORK, United States (AFP) – US automaker Tesla on Thursday delivered its first battery-powered heavy duty truck, dubbed “Semi,” and built to tackle long hauls with the handling of a sporty sedan. “That thing looks like it came from the future,” Tesla chief Elon Musk said while handing over the keys to PepsiCo executives at the vehicle maker’s Nevada manufacturing plant. With its sleek design, the Semi has been highly anticipated since Musk unveiled a […]
NEW YORK, United States (AFP) – Tesla has recalled more than 321,000 vehicles in the United States because of a tail light issue, in the latest trouble to hit the electric vehicle giant led by controversial billionaire Elon Musk. It is the latest of multiple Tesla recalls in the United States in recent months, including one for just over 40,000 vehicles for a possible problem in the electric power steering system. “In rare instances,” the rear […]
by Juliette MICHEL Agence France-Presse NEW YORK, United States (AFP) — Tesla tycoon Elon Musk will take the stand on Wednesday as part of a trial over his $50 billion pay package as CEO of the electric car giant. Musk will testify in the same Delaware court where he faced a lawsuit by Twitter to make sure he went through with his buyout of the social platform. The $44 billion purchase of Twitter has put […]
Washington, United States | AFP Tesla chief Elon Musk sold nearly $4 billion worth of shares in the electric car company, SEC filings showed Tuesday, more than a week after he closed his $44 billion acquisition of Twitter. Musk has been pushing for ways to pay for the massive deal, for which he took on billions of dollars in debt and earlier sold $15.5 billion worth of shares in Tesla. On Tuesday, documents filed with […]
WASHINGTON, United States (AFP) — Elon Musk has sold nearly $7 billion worth of Tesla shares, according to legal filings published Tuesday, amid a high-stakes legal battle with Twitter over a $44 billion buyout deal. The Tesla boss sold some 7.9 million shares between August 5 and 9, according to filings published on the Securities and Exchange Commission’s website. “In the (hopefully unlikely) event that Twitter forces this deal to close and some equity partners […]
Elon Musk threatened Monday to withdraw his bid to buy Twitter, accusing it of failing to provide data on fake accounts, in the latest twist in the Tesla billionaire’s push to acquire the social network. Twitter has committed “a clear material breach” of its “obligations under the merger agreement and Mr. Musk reserves … his right not to consummate the transaction,” according to a document filed with securities regulators. The filing marks an escalation of Musk’s […]
NEW YORK, United States (AFP) — Elon Musk, the world’s richest man, struck a deal Monday to buy Twitter for $44 billion, capping a saga complete with hostile takeover threats before delivering him personal control of one of the most influential social media platforms on the planet. Twitter famously served as a megaphone for former US president Donald Trump before the platform banned him, and Musk — a self-proclaimed “free-speech absolutist” — has […]
BEIJING, China (AFP) — Tesla has recalled nearly 128,000 cars in China due to a fault that could “increase the risk of vehicle collision”, the country’s state market regulator said. It is the latest hitch for the US electric vehicle giant that is hugely popular in China, but has also faced complaints from consumers and been hit by Covid-19 lockdowns. About 127,785 domestic and imported Tesla Model 3 cars were recalled due to a […]
by Francois PICARD with Glenn CHAPMAN in San Francisco © Agence France-Presse AUSTIN, United States (AFP) — Tesla welcomed throngs of electric car lovers to Texas Thursday for a huge party dubbed a “cyber rodeo” to inaugurate a manufacturing plant the size of 100 soccer fields. Photos and videos flooded Twitter as guests explored the cavernous factory plant decked out in a distinctive nightclub look. Visitors mingled under red and blue lights while production […]
