Breaking News, Latest Philippines Headlines, World, Entertainment, Politics, Weather & Video News
NEW YORK, United States (AFP) — The standoff between US stock regulators and mercurial Tesla chief Elon Musk has taken a dramatic turn over a tweet that could cost the entrepreneur his job as CEO of the electric carmaker. Musk, 47, is a visionary and inventive boss but is also highly unpredictable, especially on social network Twitter, where he often communicates in defiance of rules imposed on executives of publicly-traded companies. The Securities and Exchange […]
WASHINGTON, United States (AFP) — Elon Musk’s electric car manufacturer Tesla announced Friday it is cutting its workforce by about seven percent as it works to meet its timetable for producing the Model 3. Musk said in a blog post that Tesla is making the staff cut as it aims to reach more customers who can afford its vehicles. He said that currently Tesla’s most affordable offering is the mid-range (264 mile) Model 3 at […]
SHANGHAI, China (AFP) — Electric-vehicle maker Tesla will recall 14,123 cars in China over airbags that contained a part made by now-defunct Japanese manufacturer Takata, the Chinese market regulator announced on Friday. The US giant has already announced the recall of some Model S vehicles as part of a global industry-wide rooting out of parts made by Takata, which went bust in 2017 after its airbags were blamed for a number of deaths. The affected vehicles […]
SYDNEY, Australia (AFP) — Australia could become a test ground for another of Elon Musk’s massive infrastructure projects after the maverick billionaire tweeted a “bargain” price to build a tunnel through a mountain to solve Sydney’s traffic woes. Musk in 2017 made a Twitter pitch — and followed through with the offer — to build what was the world’s biggest battery in an Australian state to solve its severe energy crisis. The entrepreneur behind electric […]
PARIS, France (AFP) — Tesla Motors said Wednesday it will begin European deliveries of its long-awaited mass-market Model 3 electric car from February. A spokesperson told AFP the first to take delivery would be customers who had reserved their Model 3 starting March 2016 if they confirm their order by January 1. The spokesperson said customers would be invited to confirm over the coming weeks, starting Wednesday. Tesla’s mid-size, four-door all-electric family car was first […]
WASHINGTON, United States (AFP) — SpaceX chief executive Elon Musk has announced he is changing the name of his monster rocket BFR, aimed at carrying people to the Moon and possibly one day to Mars, to “Starship.” BFR has long been the unofficial name of the rocket, which is still under development. The letters were initially presumed to stand for “Big Fucking Rocket,” before company executives began formally referring to it as “Big Falcon Rocket.” […]
WASHINGTON, United States (AFP) — Tesla said it has appointed Robyn Denholm of the Australian telecoms company Telstra as board director after Elon Musk resigned from the post. The appointment of Denholm, who is Telstra’s chief financial officer, is effective immediately but she will serve out her six-month notice period with her current employer, Tesla said in a statement late Wednesday. Denholm had already served as a member of the Tesla board since 2014. Musk […]
SAN FRANCISCO, United States (AFP) — Electric car maker Tesla on Wednesday reported a “historic” profitable quarter driven by demand for its Model 3 aimed at the mass market. Tesla said net income reached $311.5 million on revenue that more than doubled to $6.8 billion in the quarter that ended September 30. Shares in the company leapt 12 percent to $323.25 in after-market trades that followed release of the earnings figures for its fiscal third […]
by Rob Lever Agence France Presse WASHINGTON, United States (AFP) — Tesla has promised to revolutionize the automobile, but the high-end electric car maker keeps hitting road blocks created by its founder Elon Musk’s erratic behavior and considerable ego. Those traits contributed to fraud charges brought against Musk on Thursday by federal regulators, a potentially serious blow coming just as Tesla is ramping up efforts to become a mainstream manufacturer. But on Saturday, the brilliant […]
WASHINGTON, United States (AFP) — The US Securities and Exchange Commission on Thursday charged Tesla CEO Elon Musk with securities fraud, alleging he misled investors last month in tweets about taking the company private. Musk tweeted August 7 that he had “secured” funding to privatize the electric automaker at $420 a share, causing a brief spike in Tesla’s share price. The SEC said Musk’s statements on Twitter were “false and misleading” and that he had […]
by Glenn Chapman Agence France-Presse SAN FRANCISCO, United States (AFP)–Tesla shares revved on Wednesday on news the electric car maker is on the road to being profitable this year despite losing more money than analysts expected in the recently ended quarter. Tesla shares raced up more than 9 percent to $328.01 in after-market trades that followed release of earnings figures and a call in which chief executive Elon Musk patiently fielded questions and expressed regret […]
by Dan Martin Agence France-Presse SHANGHAI, China (AFP)–Tesla unveiled plans on Tuesday to build a factory in Shanghai to dramatically increase its production capacity, with boss Elon Musk making his electric-car company’s biggest overseas move yet just as a US-China trade battle heats up. Musk said the plant, which has been in the works for a year, would eventually have an annual production capacity of 500,000 cars, and he hoped it would be “completed very soon.” […]
