Tag Archives: Automobiles

Elon Musk tweets about taking Tesla private

Tesla’s stock shot up sharply today after the company’s billionaire CEO, Elon Musk, tweeted that he was considering taking Tesla private at a price of $420 a share. “Funding secured,” he wrote. When the tweet-sized bombshell hit, Tesla’s stock was already trading … Continue reading

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Despite a big loss, Tesla’s stock registers a big gain

Tesla reported a larger loss per share than expected in the second quarter, but there was more revenue and less of a cash burn than expected — all of which resulted in an after-hours surge in share prices that at one point … Continue reading

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Microsoft and Toyota rev up interest in fuel-cell tech

Grid battery storage projects like Tesla’s 100-megawatt installation in Australia may be getting lots of press, but behind the scenes, hydrogen fuel-cell systems are carving out a niche in applications ranging from non-polluting motor vehicles to power-gobbling data centers. “It’s not either-or,” … Continue reading

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Elon Musk reveals 9 percent job cut at Tesla

Just days after promising he’d make Tesla profitable within months, CEO Elon Musk announced today that 9 percent of the company’s workforce is being laid off as part of the effort to make it so. Musk tweeted out his memo to employees, … Continue reading

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Elon Musk and Tesla shares take a weird turn

Tesla’s share price took a weird turn today after the company reported its first-quarter financial results and billionaire CEO Elon Musk dissed analysts’ concerns about the Tesla Model 3 mass-market electric car. The raw numbers reflected Tesla’s efforts to ramp … Continue reading

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Tesla stock drops amid Model 3 production snags

Tesla share prices declined 5 percent in after-hours trading today, due to a grimmer-than-expected quarterly report that highlighted snags in the production ramp-up for the company’s make-or-break Model 3 electric car. The company reported its biggest-ever net quarterly loss, $619.4 mllion or $3.70 per share. … Continue reading

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James Dyson reveals $2.7B electric car project

Would you buy a new electric car from this vacuum-cleaner salesman? James Dyson, the founder of the Dyson gadget powerhouse, is betting $2.7 billion that you will. Today Dyson, who made his name with high-tech vacuum cleaners and has branched out … Continue reading

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