Short-seller Hindenburg Research said on Wednesday it had taken a long position in Twitter shares and warned the social media firm’s lawsuit against Elon Musk, the world’s richest man, could pose a threat to his companies. Twitter‘s shares rose about 6 percent to $35.90 (nearly Rs. 2,900) on the news,…
Elon Musk told the father of a teenager who died in a Tesla Model S crash that the carmaker made a mistake in removing a speed limiter from the vehicle without the father’s permission, a lawyer for the family said in court. Curtis Miner, the attorney, told a jury Thursday…
Tesla investors have a lot to parse after the July 4 holiday: a disappointing quarter of deliveries, a record month of production, and now several weeks of downtime at multiple plants. The electric-car maker will halt most production on its Model Y assembly line in Shanghai for the first two…
Tesla is expected to end its nearly two-year-long run of record quarterly deliveries as a prolonged COVID-related shutdown in Shanghai hit its production and supply chain, highlighting the risks of its reliance on China. While Tesla Chief Executive Elon Musk has been pursuing the acquisition of social media platform Twitter,…
Amazon wants to give customers the chance to make Alexa, the company’s voice assistant, sound just like their grandmother — or anyone else. The online retailer is developing a system to let Alexa mimic any voice after hearing less than a minute of audio, said Rohit Prasad, an Amazon Senior…
A Tesla shareholder has filed legal proceedings against Elon Musk and the company’s board of directors, accusing them of ignoring employee complaints of racism and sexual harassment. The lawsuit — brought forward Thursday by complainant Solomon Chau in Texas where Tesla is headquartered — argues that an unaddressed “toxic workplace culture” at…
Tesla has cancelled three online recruitment events for China scheduled this month, the latest development after chief executive Elon Musk threatened job cuts at the electric car maker, saying it was “overstaffed” in some areas. However, Musk had not commented specifically on staffing in China, which made more than half…
Twitter said on Friday that the US antitrust waiting period for Elon Musk’s $44 billion (roughly Rs. 3,41,855 crore) acquisition of the social media giant had expired, indicating it had dodged a lengthy review of the proposed deal. With the expiration, completion of the deal is now subject to remaining…
Hinting that Tesla will not put a manufacturing plant in India the carmaker’s chief executive officer (CEO) Elon Musk said on Friday tweeted that until the company is first allowed to sell and service imported cars in the country there will be no setting up of the bases.Responding to an…
US market authorities have asked Elon Musk to explain an apparent delay in reporting his Twitter stock buys, the agency revealed Friday, the latest questions on the methods and intent of his troubled bid for the platform. Musk became a major Twitter stockholder following the purchase of 73.5 million shares…
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