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Tesla

Tesla To Cut Over 6,000 Jobs in Texas, California, Reduces Global Workforce By 10%

April 24, 2024

Following the CEO’s Global Workforce Reduction Directive, Tesla Inc. plans to implement a large job reduction program that will impact more than 6,000 workers throughout its locations in Texas and California. This

US Presidential Debate: Elon Musk Praises CNN For Non-Partisanship

World News

Elon Musk Loses As Delaware Judge Voids $55bn Tesla Compensation Package

January 31, 2024

Chancellor Kathaleen McCormick ruled on Tuesday that Tesla CEO Elon Musk is not entitled to the landmark compensation package awarded by the company’s board of directors, potentially worth over $55 billion. The

Business News·News·World News

Elon Musk Tops List Of Billionaires As Bezos, Gates, Others Gain $115bn In November

December 1, 2023

In a whirlwind of market movements, November proved to be a fruitful month for some of the globe’s most affluent individuals. Elon Musk, Jeff Bezos, and Bill Gates, among others, witnessed an uptick

Business News·Technology

Tesla’s Supercharger Network Turns Huge Financial Burden Into $12.9bn Revenue Opportunity

June 27, 2023

The past couple of years have been a bumpy ride for Tesla. But by 2021, the stock plunged more than 70% in the face of high inflation, rising interest rates, and the

Elon Musk Now Twitter's Biggest Shareholder

Personal Finance·Technology

Musk Surges Ahead Of Arnault In Wealth Ranking Following Louis Vuitton’s Shares Drop

June 2, 2023

Elon Musk, the prominent entrepreneur and Tesla CEO, has once again ascended to the apex of this coveted ranking. His ascendancy was precipitated by the decline in the shares of Bernard Arnault's

Business News·Technology·Top Stories

Elon Musk’s Tesla Pi Phone: All The News And Rumors So Far

April 20, 2023

The Tesla Pi Phone has been a hot topic of discussion lately. It is rumored to be the first smartphone from the electric car company Tesla and allegedly designed by its CEO

Technology

Tesla Aims To Slash Production Costs In Half For Future Vehicles

March 2, 2023

Tesla, the world’s most valuable automaker, announced on Wednesday that it aims to reduce assembly costs by 50% for future generations of vehicles, according to engineers who briefed investors. However, the Chief

Business News·Technology

Tesla Recalls 363,000 Vehicles Equipped With ‘Full Self-Driving’

February 17, 2023

Tesla recalls nearly 363,000 vehicles with its “Full Self-Driving” system to fix problems with how it ignores posted speed limits and behaves around street intersections. Tesla’s recall covers some 2016-2023 Model S

News·World News

Musk Cleared Of Fraud Over 2018 Tweets

February 4, 2023

A US jury has found Tesla Inc CEO Elon Musk and his company not culpable in a securities fraud case over Musk's tweets in 2018. Misk had been accused of masterminding a

Business News

Elon Musk To Resign As Twitter CEO, As He’s Voted Out

December 21, 2022

The second richest man in the world, Elon Musk, has announced plan to quit his Chief Executive Officer (CEO) role at Twitter, two months after acquiring the company. Musk had taken over

Business News

Top Two Billionaires, Bernard Arnault, Elon Musk, Lose $7.8 billion, As Wealth Drops

December 12, 2022

The world’s two richest, Bernard Arnault and Elon Musk, lost a whopping $7.8 billion in one day, as their companies suffer losses in the capital market. Musk recorded the biggest loss, with

Business News

Elon Musk Loses $2.3 billion, As Bernard Arnault Becomes Richest Man

December 8, 2022

The owner of Tesla and Twitter, Elon Musk, has lost his position as the richest man in the world, as French billionaire, Bernard Arnault, takeover the top spot. As of the period

Business News·Insights

Elon Musk’s Networth Drops, Falls Below $200 billion, As Tesla Investors Dump Shares

November 9, 2022

Tesla investors reacted negatively in response to reports that Elon Musk sold some shares he holds in the electric vehicle producer, and this affected the billionaire’s wealth. Musk had submitted a document

Business News·Insights

Elon Musk Makes N1.14 trillion Two Days To Acquisition Of Twitter

October 26, 2022

The wealth of Tesla majority shareholder and Chief Executive Officer, Elon Musk, rose by 1.18 per cent on Wednesday, two days to the deadline issued to him to buy Twitter. Musk has

Business News·Insights

Elon Musk Loses $6.1 billion, As Tesla Investors React Negatively To Twitter Shareholders’ Decision

September 13, 2022

Elon Musk lost -2.23% of his wealth on Tuesday after Twitter shareholders voted for the company to be offloaded to the billionaire, further affecting Musk’s plan to withdraw from the acquisition agreement.

Business News

Elon Musk Reveals Why He Might Buy $2.17 billion-worth Manchester United

August 17, 2022

Amid his struggle to terminate the acquisition of social media company, Twitter, the world’s richest man, Elon Musk, has hinted he would buy Manchester United if he decides to invest in a

Business News·Insights

Elon Musk Makes Abdulsamad Rabiu’s Total Wealth In One Day, As Tesla Boss Gains N3.51 trillion

August 15, 2022

In one day, the world’s richest man, Elon Musk, made more than the entire wealth of Nigerian billionaire, Abdulsamad Rabiu, as his networth grew 3.09% during trading hours on Monday. Prime Business

Business News·World News

Elon Musk Offers To Import Raw Material From Nigeria For Tesla Vehicles

August 12, 2022

Nigerian government received offer from Elon Musk’s vehicle manufacturing company, Tesla, to import raw materials from the country, amid plans of his network provider, Starlink, setting up operation. According to the Minister

Business News·Insights

Elon Musk Wealth Rises, As Mark Zuckerberg Loses N1.41 trillion

July 28, 2022

The wealth of Tesla Chief Executive Officer, Elon Musk, increased by 1.16% on Thursday, while his arch-river and Facebook founder, Mark Zuckerberg lost -5.43% of his total fortune. Musk’s fortune had risen

Business News·Insights

Why Two Richest Men, Elon Musk And Bernard Arnault Lost Whopping N689.58 billion In One Day

July 1, 2022

On Friday, the two richest people in the world, Tesla majority shareholder, Elon Musk, and Louis Vuitton Moët Hennessy (LVMH), Bernard Arnault, lost a whopping of N689.58 billion in one day. Musk,

Business News

Former Tesla Elevator Worker Rejects $15 million Court Ordered Elon Musk To Pay – Here’s Why

June 22, 2022

The $15 million awarded by a United States District, Judge William Orrick, to former Tesla elevator operator, Owen Diaz, has been rejected, with the ex-employee demanding the electric carmaker, owned by Elon

News

Tesla Investor Sues Elon Musk For Alleged Toxic Work Culture

June 17, 2022

A Tesla investor, Solomon Chau, is set to sue his company’s chairman and new Twitter owner, Elon Musk as well as the rest of Tesla’s board over claims of workplace harassment. The

Business News

Dogecoin Investor Sues Elon Musk, Tesla For $258 billion, As Crypto Crashes By 91.8%

June 17, 2022

Investor, Keith Johnson, has sued billionaire, Elon Musk, including his carmaker, Tesla, and space firm, SpaceX, for $258 billion due to their role in the promotion of Dogecoin, which he described as

Business News

Elon Musk Sacks Tesla’s Christopher Bousigues, Amid Plan To Fire 9,000 Workers

June 13, 2022

The country manager of Tesla in Singapore, Christopher Bousigues, has been sacked from his role by Elon Musk, a week after the world’s richest person threatened to terminate the contract of his

Business News

Nigerians Working For Tesla Risk Losing Jobs, As Elon Musk’s Set To Sack Over 9,000 Workers

June 3, 2022

Nigerians risk losing their jobs in Tesla, as the electric carmaker suspends hiring across its companies globally. The pause on job hire within Tesla was ordered by its Chief Executive Officer, Elon

Business News

Billionaires, Elon Musk, Aliko Dangote Lost Over N6.25 trillion In One Day

June 3, 2022

The world richest man, Elon Musk, and the wealthiest person in Africa, Aliko Dangote, lost a combined N6.25 trillion ($14.91 billion) on Friday, but the businessmen retained their various positions on the

Business News·News·Technology

Elon Musk Now Twitter’s Biggest Shareholder

April 4, 2022

United States’ Securities and Exchange Commission (SEC’s) new filing has revealed that Tesla chief, Elon Musk, is now one of Twitter’s two biggest shareholders, with 9.2 per cent stake. The latest filing

Entrepreneurship

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