Tag: tesla

BUSINESS

The World Richest Man Elon Musk Donates $5.7 Billion To Charity

Elon Musk, the world’s richest man, donated more than 5 million shares of the electric-car maker last November, according to a filing with the U.S. Securities and Exchange Commission. The multi-billion-dollar philanthropic donation is one of the largest in history. The filing did not disclose the name of the charity and showed an unidentified trust was involved in the transaction. […]

NEWS

The UN Food Program Director Shows Musk The Way

Following a challenge by Tesla’s CEO Elon Musk, that he would sell Tesla’s stock to fund a plan if the World Food Program (WFP) could describe “exactly how” it would work, the director of the United Nations’ World Food Program rose to the challenge by laying out a plan showing how his organization would spend $6.6 billion to combat world […]

BUSINESS

Tesla Up The Ante In Profit

Electric car maker Tesla has brushed off supply chain issues and the global microchip shortage to report record quarterly sales and profits. Revenues rose to $13.76 billion in the third quarter of the year, up from $8.77 billion 12 months earlier. The company, led by billionaire entrepreneur Elon Musk, posted a net profit of $1.6 billion and sold 241,391 cars. […]

BUSINESS

Tesla Makes Shares Record

The surge in Tesla Inc. shares in the market recently has placed the company in an enviable position. It became the first publicly listed U.S. automaker to cross $100 billion in market valuation, more than Ford Motor Co. and General Motors Co. combined. In recent weeks, Tesla (NASDAQ: TSLA) stock has been on the gallop. Shares in the electric vehicle […]

BUSINESS

Tesla Adds Two New Heavyweights To Its Board

Tesla has added Lawrence Joseph Ellison, the 74-year-old American businessman, entrepreneur, and philanthropist who is a co-founder and the executive chairman and chief technology officer of Oracle Corporation as well as Walgreens Boots Alliance executive Kathleen Wilson-Thompson to its board. This latest move by Tesla comes against the background of a call by Securities and Exchanges Commission for founder and […]

BUSINESS Commerce

Tesla Dumps Hundreds Of Workers

According to a news report, Tesla, Inc., the American automaker, energy storage company, and solar panel manufacturer based in Palo Alto, California is parting ways with hundreds of workers. The dismissals were a result of a company-wide annual review, Tesla reportedly said in an emailed statement. The report noted that over 400 employees, including engineers, managers, and factory workers were […]