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“Tesla vehicles 40% cheaper in China than US after major price cuts” Tesla has slashed prices on some vehicles in China by more than 40% compared to their sticker price in the US as Elon Musk’s struggling electric automaker responds to dwindling demand in the region. After a fresh round of discounts unveiled this week,…
” Fidelity downsizes value of its Twitter holdings “ Investment firm Fidelity has written down the value of its initial stake in Twitter following its funding of Elon Musk’s takeover of the social media platform. According to a filing of the Fidelity Blue Chip Growth Fund in November 2022, the firm has written down the…
“Twitter reversing ban on political ads in latest Elon Musk change” Twitter said it would expand the types of political ads allowed on the social media platform, an apparent reversal of its 2019 global ban on political ads, as the Elon Musk-owned company seeks to grow revenue. The company tweeted Tuesday it would also relax its…
“Tesla makes Tom Zhu highest-profile executive after Elon Musk” Tesla’s China chief Tom Zhu has been promoted to take direct oversight of the electric carmaker’s US assembly plants as well as sales operations in North America and Europe, according to an internal posting of reporting lines reviewed by Reuters. The Tesla posting showed that Zhu’s title of vice president for Greater…
“Adam Schiff wanted reporter Paul Sperry’s account suspended” US Rep. Adam Schiff tried to get a journalist suspended from Twitter and to have “any and content” related to House Intelligence Committee staffers removed from the site, according to the latest document dump authorized by new owner Elon Musk. In Tuesday’s installment of the ongoing “Twitter…
“Tesla shares plunge 10% to start 2023 on weak demand worries” Tesla shares kicked off 2023 with a 10% drop on Tuesday, extending a selloff from their worst year on growing worries about weakening demand and logistical problems that have hampered deliveries. The latest slide came after the world’s most valuable automaker missed estimates for fourth-quarter…
“Elon Musk says he’ll release ‘Fauci Files’ on Twitter ‘this week’” New Twitter boss Elon Musk pledged he would release the “Fauci Files” sometime within the next few days — the latest escalation in his war on Dr. Anthony Fauci, the infectious disease expert who has come under scrutiny for his COVID policies. “Hope you’re…
“Twitter sued for not paying rent on San Francisco HQ since Elon Musk takeover” Twitter is being sued by its landlord for ducking out on rent for its downtown San Francisco headquarters, where the platform reportedly went through heavy cost-cutting under new CEO Elon Musk. The company owes $136,260 in unpaid rent, according to the…
“Joe Rogan reacts to banned Elon Musk jet tracking account: ‘It’s definitely weird’” Joe Rogan gave his take this week on Twitter CEO Elon Musk’s recent controversial decision to permanently suspend an account created by college student Jack Sweeney that tracked the movements of the billionaire’s private jet. Earlier this month, Twitter had suspended accounts belonging…
“Elon Musk becomes first person ever to lose $200 billion” Billionaire Elon Musk, formerly the richest man in the world, has broken a new record. The Tesla founder and Twitter owner has become the first person in history to lose $200 billion off his net worth, according to the Bloomberg Billionaire’s Index. The multi-billion dollar…