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Elon Musk sells nearly $7 billion worth of Tesla shares: document

Agence France-Presse
Posted at Aug 10 01:54 PM

Elon Musk has sold nearly $7 billion worth of Tesla shares, according to legal filings, amid a high-stakes legal battle with Twitter over a $44 billion buyout deal. Read more »

Ford to cut thousands of jobs in transition to electric: US media

Agence France-Presse
Posted at Jul 21 03:29 PM

US carmaker Ford is preparing to cut several thousand jobs to reduce costs and intensify its transition to electric vehicles, US media reported on Wednesday. Read more »

Hit by China shutdown, Tesla boosts auto prices and sells bitcoin

John Biers, Agence France-Presse
Posted at Jul 21 08:35 AM

Tesla reported solid quarterly earnings despite a hit from Covid-19 lockdowns in Shanghai that Chief Executive Elon Musk said prompted the company to liquidate most of its bitcoin holdings. Read more »

Twitter's future uncertain as it faces messy breakup with Musk

Julie Jammot, Agence France-Presse
Updated as of Jul 10 02:46 PM

Courted and then jilted by the world's richest person, Twitter looks well positioned to win a court battle with Elon Musk over a $1 billion breakup fee and more -- but the company will not emerge unscathed. Read more »

Tesla deliveries fall with temporary closure of China factory

Agence France-Presse
Posted at Jul 03 08:22 AM

Tesla's deliveries of electric vehicles fell in the second quarter compared to the previous one due mainly to a weeks-long closure of its factory in China, the company said Saturday. Read more »

Lithium price jumps fivefold as demand surges for use in EV batteries

Kyodo News
Posted at Jun 05 10:20 AM

The price of lithium, a rare metal used in the manufacturing of rechargeable batteries, has increased fivefold since April last year as demand from automakers surged, according to a recent report by British research firm Argus Media. Read more »

Biden tells critic Elon Musk ‘lots of luck’ on Moon

Agence France-Presse
Posted at Jun 04 11:17 AM

Musk has made clear he’s no Biden fan and a report Friday said he told Tesla executives he has a ‘super bad feeling’ about the US economy. Read more »

Twitter shareholder lawsuit accuses Musk of 'market manipulation'

Agence France-Presse
Posted at May 27 08:25 AM

Elon Musk faces a lawsuit accusing him of pushing down Twitter's stock price in order to either give himself an escape hatch from his $44 billion buyout bid, or room to negotiate a discount. Read more »

Filing says Elon Musk to borrow less in Twitter bid

Agence France-Presse
Posted at May 26 09:07 AM

Elon Musk notified US regulators that he will rely less on loans in his bid to buy Twitter, as he and partners put $33.5 billion into the deal. Read more »

Coming soon: 'Puncture-proof’ airless tyres that never go flat

Taimaz Szirniks, Agence France-Presse
Posted at May 23 08:14 AM

Airless tyres that never go flat or need to be inflated: It's a decades-long dream that manufacturers hope to turn into a reality soon. Read more »

SpaceX aims to raise $1.7 billion: media

Agence France-Presse
Posted at May 23 06:46 AM

Aerospace firm SpaceX is looking to raise $1.7 billion in fresh funding, a massive initiative as its controversial founder Elon Musk continues to make news, television channel CNBC reported Sunday. Read more »

Musk offloads $4 bn in Tesla shares after Twitter deal

Agence France-Presse
Posted at Apr 29 02:45 PM

Tesla chief Elon Musk sold about $4 billion worth of shares in the electric carmaker in the days after Twitter's board agreed to his $44 billion takeover of the social media platform. Read more »

Musk's Twitter: Users left to fight trolls, false info?

Glenn Chapman, Agence France-Presse
Posted at Apr 26 12:06 PM

Elon Musk's vow to let everyone say whatever they want on Twitter giant could put the onus on users to combat bullying and misinformation. Read more »

GM announces it will make electric Corvette

Agence France-Presse
Posted at Apr 26 10:14 AM

US carmaker General Motors announced that it is developing an electric version of its Chevrolet Corvette. Read more »

Tesla reports record profits, bullish on 2022 output

John Biers, Agence France-Presse
Updated as of Apr 21 08:44 AM

Tesla reported another banner quarter of profit growth Wednesday on pricier vehicles and said its 2022 output plan was on track despite ongoing supply chain problems and a hit from recent Covid-19 lockdown measures in China. Read more »

Elon Musk launches hostile takeover bid for Twitter

Agence France-Presse
Updated as of Apr 14 09:49 PM

Tesla chief Elon Musk has launched a hostile takeover bid for Twitter, offering to buy 100 percent of its stock and take it private. Read more »

Tesla inaugurates Texas plant with 'Cyber Rodeo'

Francois Picard with Glenn Chapman, Agence France-Presse
Posted at Apr 08 11:18 AM

Tesla welcomed electric car lovers to a huge Texas party dubbed a 'cyber rodeo' to inaugurate a manufacturing plant the size of 100 soccer fields. Read more »

Elon Musk buys large stake in Twitter, sending stock soaring

Agence France-Presse
Posted at Apr 04 09:23 PM

Elon Musk has taken a major stake in Twitter, regulatory filings showed Monday, sending its stock soaring and igniting speculation he could seek an active role in its operations. Read more »

Dancing Musk hands drivers first Teslas from new German gigafactory

Victoria Waldersee and Nadine Schimroszik, Reuters
Posted at Mar 23 08:30 AM

Elon Musk was cheered as he oversaw the handover of Tesla's first German-made cars at its Gruenheide plant on Tuesday, marking the start of the US automaker's inaugural European hub just two years after it was first announced. Read more »

Musk donated over $5.7-B in Tesla shares to charity

Hyunjoo Jin, Reuters
Posted at Feb 15 12:49 PM

Analysts have said there would be a tax benefit for Musk potentially gifting Tesla stock as shares that are donated to charity are not subject to capital gains tax. Read more »