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Tesla is sending executive Tom Zhu back to China amid slumping sales and increased competition in the world’s largest electric vehicle market. Zhu, who was promoted to senior vice president of automotive in April 2023, previously led Tesla’s entry into China and oversaw the company’s Asia Pacific operations, Bloomberg reports. Zhu’s Role and Promotion Tom…
Tesla CEO Elon Musk had inside information about Tesla’s impending miss on production and delivery numbers when he sold more than $7.5 billion in stock in 2022, according to a lawsuit filed by shareholder Michael Perry, reports Bloomberg. Insider Knowledge Allegations Michael Perry, a Tesla investor, filed a lawsuit in Delaware Chancery Court, accusing Musk…
Musk Slams New US Tariffs Tesla CEO Elon Musk has come out strongly against the new US tariffs on Chinese electric vehicles (EVs). His comments follow President Joe Biden’s decision to drastically increase these tariffs, quadrupling them in the process. Musk, speaking via video link at a tech conference in Paris, stated, “Neither Tesla nor…
Tesla has introduced its next-gen home battery, the Powerwall 3, to Canada, following its initial release in the U.S. earlier this year. This launch marks Canada as the first country outside the U.S. to offer this advanced energy storage solution. The Main Upgrade The Powerwall 3 reportedly boasts significant improvements over its predecessor. It offers…
In 2021, car rental giant Hertz made headlines with its bold move to purchase 30,000 Tesla vehicles. This decision came at a time when
In a bold move, 19-year-old Jack Sweeney asked Elon Musk for $50,000 to stop tracking the billionaire’s private jet. Sweeney manages several Twitter bots that track the movements of private jets from people such as Jeff Bezos, Bill Gates, and Elon Musk. The Twitter account Elon Musk’s Jet is hugely popular and now has close…
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