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” Tesla records $140M Bitcoin net loss in 2022 “ According to a filing with the United States Securities and Exchange Commission on Jan. 31, electric vehicle manufacturer Tesla disclosed that it had recorded a $204-million gross impairment loss during 2022 on its Bitcoin (BTC) holdings. Simultaneously, Tesla recorded a gain of $64 million from…
” Elon Musk’s Tesla held onto its Bitcoin in Q4 despite market turbulence “ Electric vehicle manufacturer Tesla refused to offload any more Bitcoin (BTC) during the latter half of 2022 despite selling off 75% of its holdings in the second quarter. In its latest Q4 results report on Jan. 25, Tesla’s financials show it…
“Elon Musk’s bid to move Tesla tweet trial to Texas denied” A federal judge on Friday rejected Tesla CEO Elon Musk’s bid to move or delay a trial over a misleading tweet about a potential buyout of the electric automaker, setting the stage for the mercurial billionaire to be thrust into a legal drama amid…
“Elon Musk ‘earns’ Guinness World Record for ‘largest loss of personal fortune in history’” Billionaire Elon Musk has earned an unfortunate world record after suffering through an unprecedented wealth wipeout in recent months. Musk, who once ranked as the world’s richest person, shattered the mark for “the largest loss of personal fortune in history,” the…
“Feds probing Elon Musk tweet about Tesla driver monitoring” A tweet from Elon Musk indicating that Tesla might allow some owners who are testing a “Full Self-Driving” system to disable an alert that reminds them to keep their hands on the steering wheel has drawn attention from US safety regulators. The National Highway Traffic Safety…
“Tesla owners in China protest against surprise price cuts” Hundreds of Tesla owners gathered at the automaker’s showrooms and distribution centers in China over the weekend, demanding rebates and credit after sudden price cuts they said meant they had overpaid for electric cars they bought earlier. On Saturday, about 200 recent buyers of the Tesla Model Y and Model 3 gathered at a Tesla delivery center in…
“Elon Musk wants to move shareholder’s lawsuit from San Francisco to Texas” Elon Musk claims he can’t get a fair trial in San Francisco and wants the trial for a shareholder’s lawsuit over a series of 2018 tweets moved out of the Bay Area, according to a report. The Tesla mogul wants the lawsuit —…
“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,…
“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…
“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…