Elon Musk sells $4 BILLION of Tesla shares in third-biggest dump since launching bid to buy Twitter

Elon Musk’s net worth dropped below $200 billion on Tuesday as investors dumped Tesla Inc shares on fears the top executive and largest shareholder of the world’s most valuable electric-vehicle maker is more preoccupied with Twitter.  Musk now has a net worth of $197.4 billion, according to Forbes, with a big share of that coming … Read more

Tesla shows off its electric Semi as it delivers pre-assembled superchargers at Laguna Seca

Tesla’s massive Semi truck spotted moving pre-assembled superchargers to Laguna Seca raceway in California  The futuristic looking Semi was spotted at Laguna Seca raceway in Salinas, California as it helped install Superchargers  The Semi’s base version with a 300-mile range will cost $150,000  It will have the quickest acceleration—going from 0-60 mph in 20 seconds … Read more

Tesla’s Model Y and Model 3 named ‘most American-made cars’ in new survey

Tesla’s Model Y and Model 3 named ‘most American-made cars’ in new survey – but Elon Musk has yet to be invited to EV events by the White House Cars.com named Tesla Model Y ‘the most American-made car’ in a new survey The survey also showed the Tesla Model 3 in second place However, President … Read more

Caterpillar to relocate HQ from IL to TX after 100 years because it will ‘attract new talent’

Construction machinery company Caterpillar announced it would relocate its headquarters from Illinois to Texas after 100 years to ‘attract new talent.’  The company announced the news on Tuesday that it would be moving to Irving sometime this year and would be relocating most of its staff. The company told Fox News that it believes most of … Read more

Musk’s Twitter deal threats put new financing on ice

BREAKING NEWS: Private equity financing talks for Elon Musk’s Twitter deal have been put on HOLD due to ‘uncertainty’ just one day after he threatened to walk away from the deal over ‘fake accounts’ By Reuters Published: 21:59 BST, 7 June 2022 | Updated: 22:09 BST, 7 June 2022 Elon Musk’s efforts to arrange new … Read more

Elon Musk reveals plans to open an all-night Tesla diner in Hollywood

Elon Musk has revealed plans for an all-night Tesla diner that would include a drive-in cinema and charging station. It will feature two 45-foot LED movie screens, indoor and outdoor seating, and 28 superchargers so visitors can recharge their vehicles while they relax. They will also be able to pay with the cryptocurrency Dogecoin if the … Read more

Ford’s new F150 Lightning battery pack is so powerful it can be used to power homes during blackout

Ford’s new F-150 Lighting is already changing the mind of longtime pickup truck owners who thought they would never go electric.  The vehicle is the electric version of America’s best-selling truck, the Ford-150. It features an $11,000 131 kilowatt-hour lithium-ion pack battery, which is nearly ten times more powerful than a Tesla Powerwall. Additionally, the battery … Read more

Elon Musk’s £3bn Tesla share sale to fund Twitter deal

Tesla boss Elon Musk sells £3.2bn shares in electric car maker to raise funds for his £35bn deal for Twitter By Daily Mail City & Finance Reporter Published: 21:50 BST, 29 April 2022 | Updated: 08:15 BST, 30 April 2022 Tesla boss Elon Musk has sold £3.2billion shares in the electric car maker to raise … Read more

Elon Musk paid $500k of Amber Heard’s $1.3M donation to ACLU, court hears

Elon Musk covered nearly half of ex-girlfriend Amber Heard’s donation to the American Civil Liberties Union (ACLU) after the actress pledged to give away her multimillion dollar divorce settlement to charity following her split from Johnny Depp.  Jurors in Heard and Depp’s $100million defamation trial on Thursday heard the actress has so far only paid $1.3million of … Read more

Elon Musk becomes Twitter’s biggest shareholder after taking a 9.2% stake in company

Elon Musk has become Twitter’s largest shareholder after buying a 9.2 per cent stake in the social media company. The world’s richest man bought nearly 73.5 million shares, a document filed with the US Securities and Exchange Commission shows. It means the Tesla co-founder has more than quadruple the shares of Twitter’s founder Jack Dorsey, who … Read more