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Tesla stock soars after Elon Musk promises affordable EV

Tesla shares rose in early premarket trading Wednesday after CEO Elon Musk said he would accelerate the rollout of more affordable electric vehicles in hopes of boosting sluggish profits. It soared more than 11%. Musk’s announcement was aimed at calming jittery investors on Wall Street who were still digesting the company’s latest earnings report, released […]

Tesla Stock Surges Despite Dismal Quarter as Elon Musk Promises Affordable EVs by 2025

Tesla shares rose after CEO Elon Musk announced that the company aims to begin producing affordable electric vehicle models by early 2025, or perhaps later this year. Shares rose about 12% in premarket trading Wednesday. This recovery came despite dismal earnings, including a 55% drop in first-quarter net income. CNBC report Despite Tesla’s disastrous first […]

Revenue drops, shares jump on Elon Musk’s plan to launch new models

Tesla announced on Tuesday that it had brought forward the release of new models, sending its stock up 6% in after-bell trading. “We have updated our future vehicle lineup to accelerate the launch of new models ahead of our previously announced production start in the second half of 2025,” the company said in a filing. […]

Elon Musk blasts Australia’s ‘censorship’ after X told to take down video

Elon Musk on Tuesday criticized Australia’s prime minister after a court ordered his social media company He argued that the country could end up controlling “the entire internet.” Musk came under fire from Prime Minister Anthony Albanese and other government officials last week for failing to delete a video showing a teenage boy stabbing two […]

Tesla stock down 5% as Elon Musk’s EV maker to announce earnings

Tesla’s tumultuous year, plagued by price cuts, recalls and layoffs, continued on Monday, with shares of Elon Musk’s electric car company falling more than 4% ahead of Tuesday’s highly anticipated quarterly results. Tesla stock traded at around $142, near its lowest price since January 6, 2023, when it closed at $113.06. Since the beginning of […]

Elon Musk reportedly indicates Tesla slashing jobs

Elon Musk has reportedly indicated that Tesla intends to cut more than 10% of its workforce. “Over the years, our company has grown rapidly with multiple factories around the world. This rapid growth has led to duplication of roles and duties in certain areas. “This is critical as we prepare for a phase of growth […]

RFK Jr discloses what Elon Musk told him about Twitter files

When Elon Musk bought Twitter, he discovered millions of documents showing that the White House and Twitter officials were colluding to censor Americans. These became known as Twitter files. Robert F. Kennedy Jr. was one of the Americans specifically targeted in these documents. “The government put pressure on companies to silence you, which by most […]