In early 2021, both Elon Musk and Tesla announced that they bought a ton of cryptocurrency – over $1.5 billion in bitcoin, to be exact. While things may have started out on a positive note, the volatility and price swings of 2022 have caused both figures to suffer dramatically, and it appears these bitcoin investments have brought each of them down. Elon Musk Hasn’t Had a Good Bitcoin Run It was announced earlier this year that both figures had lost a lot on their...
Read More »Twitter Fires Thousands of Contract Employees in Cost-Cutting Venture
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Read More »Cathie Wood’s Ark Innovation ETF Jump 14% as Markets Recover
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Read More »Elon Musk Offloads Additional 19.5 Million Tesla Shares after Twitter Deal
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Read More »Elon Musk to Axe 50% of Twitter’s Workforce
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Read More »Elon Musk Pulling Employees from Tesla to Review Codebases on Twitter
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Read More »Matters Arising as Twitter and Elon Musk Deal Nears Close
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Read More »Tesla Cuts Price of Its Cars in China, TSLA Stock Drops 3% in Pre-market
Tesla has been facing growing challenges in China due to strict COVID-19 rules as well as growing competition from local electric carmakers like BYD.The world’s largest electric carmaker Tesla Inc (NASDAQ: TSLA) has decided to cut the price of its cars in one of its most-competitive markets China. As per the latest development, Tesla has cut the price of its Model and Model Y vehicles.Tesla Cars PriceThe price of the Model 3 sedan in China has been reduced to 265,900 Chinese yuan ($36,615)...
Read More »Tesla (TSLA) Stock Slides 6.65% after Company’s Revenue Missed Expectations
The revenue miss did not impress investors as the company’s shares fell by 6.65% on Thursday to close at $207.28.The stock price of American multinational electric vehicle maker Tesla Inc (NASDAQ: TSLA) is on a downtrend as the company’s revenue for the third quarter missed estimates. Per the results published, Tesla’s Earnings Per Share (EPS) came in at $1.05, a figure better than the 99 cents that were projected by analysts.The company missed its revenue estimates as it reported $21.45...
Read More »Musk Plans to Cut 75% Off Entire Twitter Workforce
Amid rumors of the cut, Twitter lawyer Sean Edgett sent a note to employees that there is no confirmation that Musk wants to lay off a large part of the entire workforce.Twitter may be forced to operate with a fraction of its workforce as Elon Musk moves ahead in his plan for a leaner platform. Previously, there were rumors that Tesla CEO Elon Musk, who has made an offer to buy Twitter, would lay off some of the social media company’s workers. The billionaire hinted at the possibility if he...
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