News

Elon Musk

Twitter Down 13% in Premarket Trading Friday as Musk Puts Deal on Hold

Edward Kim | Equities.com |

"Temporarily on hold," Musk tweeted Friday morning.


Betting Against Elon Musk Has Not Been Profitable

Tradier | Equities.com |

Love him or hate him, he has emerged as one of the most brilliant business and engineering minds of this generation.


Elon Musk Says $200,000 Tesla Roadster Will Be Delayed Until 2023

Kimberly Redmond | Equities.com |

Tesla Inc’s (Nasdaq: TSLA) chief executive officer Elon Musk said the EV maker is delaying deliveries of the new version of its Roadster sports car until 2023, at the earliest.

In a tweet Wednesday, Musk wrote, “2021 has been the year of super crazy supply chain shortages, so it wouldn’t matter if we had 17 new products, as none would ship. Assuming 2022 is not mega drama, new Roadster should ship in 2023.”


Elon Musk Says Tesla Will 'Most Likely' Resume Acceptance of Bitcoin as Payment

Reuters | Equities.com |

Electric-car maker Tesla Inc will most likely restart accepting bitcoin as payments once it conducts due diligence on the amount of renewable energy used to mine the currency, Chief Executive Officer Elon Musk said at a conference on Wednesday.

Bitcoin was up 8% at $32,160.16, while ether surged 11.6% to $1,993.36. Tesla's shares were down 0.8% at $655.30 in extended trading.


Combative Elon Musk Defends Tesla's Acquisition of SolarCity in Delaware Court

AP News | Equities.com |

Tesla founder Elon Musk took to a witness stand Monday to defend his company’s 2016 acquisition of a troubled company called SolarCity against a lawsuit that claims he’s to blame for a deal that was rife with conflicts of interest and never delivered the profits he’d promised.

And to the surprise of no one, the famously colorful billionaire did so in the most personally combative terms.


Elon Musk in Court Monday To Defend Tesla's Acquisition of SolarCity

Reuters | Equities.com |

Elon Musk arrived at court on Monday to defend Tesla Inc's 2016 acquisition of SolarCity against a lawsuit by shareholders seeking to recoup the $2.6 billion the company paid for the ailing solar panel maker.

Musk is slated to take the witness stand this morning, kicking off a two-week trial in Wilmington, Delaware, before Vice Chancellor Joseph Slights, who will decide whether the SolarCity deal was fair to Tesla stockholders.


Elon Musk Says Tesla Will Resume Accepting Bitcoin When Miners Use 50% Clean Energy

Kimberly Redmond | Equities.com |

Tesla Inc (Nasdaq: TSLA) boss Elon Musk announced Sunday that his electric car company will permit vehicle purchases using bitcoin once it can confirm that 50% of the energy used to mine for cryptocurrency is derived from clean energy sources.

In a tweet, Musk said, “When there’s confirmation of reasonable (-50%) clean energy usage by miners with a positive future trend, Tesla will resume allowing bitcoin transactions.”


Elon Musk Says Tesla Price Increases Are Result of Supply Chain Issues

Kimberly Redmond | Equities.com |

After multiple price increases for Tesla Inc’s popular Model 3 and Model Y, chief executive officer Elon Musk finally addressed the matter, saying they have to do with the supply chain issues across the auto industry.

Since February, Tesla has incrementally raised prices five times and provided no comment on the changes, but Musk broached the topic Monday when he replied to Twitter user @Ryanth3nerd on Twitter who had written that he didn't like “the direction Tesla is going raising prices of vehicles but removing features like lumbar for the Model Y.”


Tesla Reports First Quarter in Line With Estimates; Shares Slip After Hours

Reuters | Equities.com |

Electric carmaker Tesla Inc marginally beat Wall Street expectations for first-quarter revenue on Monday boosted by a jump in environmental credit sales to other automakers and liquidating some bitcoins.

Tesla posted record deliveries in the first quarter despite a global chip shortage that has slammed auto sector rivals, but its profit was not driven by auto sales.


SpaceX Launches Four Astronauts on Mission to International Space Station

AP News | Equities.com |

SpaceX launched four astronauts into orbit Friday using a recycled rocket and capsule, the third crew flight in less than a year for Elon Musk’s rapidly expanding company.

The astronauts from the U.S., Japan and France should reach the International Space Station early Saturday morning, following a 23-hour ride in the same Dragon capsule used by SpaceX’s debut crew last May. They’ll spend six months at the orbiting lab.


Sponsored Financial Content

Market Movers