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...
Read More »Tesla Keeps Its Bitcoin Holdings Unchanged at $218M in Q3 2022
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Read More »Elon Musk Weighs In on Pending Twitter Acquisition, Macroeconomic Issues at Latest Tesla Q3 Earnings Call
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Read More »Electric Car Maker BYD Records Over 330% Growth in Q3 2022
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Read More »Twitter Claims Elon Musk Is Under Federal Investigation in New Court Filing
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Read More »Musk Reveals Beijing Seeks Assurances that He Will Not Sell Starlink in China
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Read More »FTX’s Sam Bankman-Fried Considered Partnering with Elon Musk in Twitter Deal, Texts Reveal
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Read More »Stellantis Collaborates with Uber on Electric Vehicles Market in France
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Read More »Elon Musk Shows More Love for Dogecoin
The love affair between Elon Musk and Dogecoin is continuing. Despite falling crypto prices and a market that’s never appeared more uncertain, Musk has emerged in recent days to say Dogecoin is the only digital currency that’s truly worth anything and that the coin doesn’t take itself “too seriously.” He also praised its “transactional output.” Elon Musk and Dogecoin: A Match Made in Digital Heaven Musk has been much fairer to Doge than he has to assets like bitcoin, for...
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