musk

Tesla on Wednesday delivered its third consecutive quarterly profit, sending the stock up more than 7 percent in extended trading and putting Elon Musk within arm’s reach of a $750 million payday. The electric automaker reported earnings per share of $1.24, while the Street had been expecting a loss of 36 cents per share. The …

Billionaire Tesla boss Elon Musk lashed out Wednesday at lockdowns meant to contain the coronavirus in a series of early-morning Twitter posts echoing calls from protesters around the US. “FREE AMERICA NOW,” Musk  tweeted at 2:15 a.m. The 48-year-old tech tycoon crowed “Bravo Texas!” in an earlier post hailing the Lone Star State for moving …

Elon Musk is speeding toward a $750 million payday — even as Tesla employees are getting slammed by pay cuts and hundreds of hourly workers are furloughed. After getting hit by factory closures that the coronavirus epidemic mandated, Tesla shares have lately been making a comeback, with investors hoping for news that its plant in …

Hundreds of janitors, shuttle-bus drivers and other low-wage workers are struggling to make ends meet after Tesla laid them off due to the coronavirus pandemic, according to a new report. In March, following weeks of resisting calls to close its Fremont, Calif. factory, Tesla relented and in the process laid off nearly 300 unionized janitors …

China-made Teslas will become more expensive after local authorities cut subsidies in the world’s biggest auto market. The Chinese government reduced electric vehicle subsidies by 10 percent on Thursday, granting a three-month transition period for the new pricing to kick in. Tesla’s website shows that its Shanghai-made standard range Model 3 sedan will see its …

The combined wealth of America’s billionaires, including Amazon founder Jeff Bezos and Tesla chief Elon Musk, increased nearly 10 percent during the ongoing COVID-19 pandemic, according to a report published by the Institute for Policy Studies (IPS). The wealth surge of America’s richest men happened during a period that saw as many as 22 million …

Shares of Elon Musk’s electric car company popped Wednesday after Goldman Sachs resumed coverage of the company and slapped it with a “buy” rating. Tesla’s shares jumped more than 5 percent Wednesday morning before losing some ground in the afternoon, up 3.3 percent to $733.49, after analyst Mark Delaney gave the automaker’s stock a $864 …

View this post on Instagram A post shared by Maye Musk (@mayemusk) on Apr 13, 2020 at 3:02pm PDT Maye Musk clearly approves of her son Elon‘s girlfriend, Grimes. The 71-year-old model took to Instagram Monday to show off her strut while social distancing at home. Dressed in a flowing black blouse and matching pants …

Tesla has reportedly asked landlords for rent discounts as it tries to cut costs during the coronavirus crisis. The electric-car maker has told at least some of its landlords that it is cutting its monthly rent obligations because of the “increasing restrictions on our ability to conduct business” amid the pandemic, The Wall Street Journal …

Tesla plans to furlough non-essential workers and cut employees’ salaries now that the coronavirus crisis has halted production at some of its factories. The electric-car maker will furlough staff who cannot work from home and are not performing crucial work at its plants, a company official told US employees Tuesday. Tesla expects to restart normal …