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. […]
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 […]
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. […]
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 […]
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 […]
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 […]
