tesla

Tesla’s meteoric stock growth on Monday qualified CEO Elon Musk for a $700 million payday, just three days after he tweeted that the share price was “too high.” The electric automaker’s 8 percent spike on Monday brought the company’s stock market value to an average of more than $100 billion over the past six months, …

Elon Musk has listed two of his Bel Air mansions for sale, just days after a bizarre Twitter rant in which he said he “will own no house” even as he tweeted that Tesla’s stock had gotten “too high.” The swanky Los Angeles properties include a six-bedroom, 11-bath, 16,000 square-foot mansion complete with a tennis …

Tesla shares took a dive after Elon Musk unleashed a bizarre Twitter rant on Friday morning, saying that the electric-car company’s “stock price is too high.” “Tesla stock price is too high imo,” Tesla’s billionaire boss tweeted at 11:11 a.m. ET, sending shares in the Silicon Valley-based company, which were hovering slightly ahead of their …

Tesla CEO Elon Musk on Wednesday night doubled-down on his criticism of the coronavirus lockdowns that have shut down life in the United States, calling public officials’ directives to stay home “fascist.” The billionaire’s expletive-filled outburst came during Tesla’s earnings call, where the electric automaker was celebrating its third consecutive quarterly profit. On the topic …

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 …

Tesla has asked some employees at its California factory to return to work before the end of a lockdown order that shut down the plant last month, according to reports. Elon Musk’s electric-car maker told some paint and stamping operations workers to report to the Fremont, California factory on Wednesday — four days before the …

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 …