Tesla plans to slow production at its Shanghai plant in the last week of February to prepare for building a revamped version of its Model 3 sedan, according to a person with knowledge of the matter and a planning memo seen by Reuters. The move was first reported by Bloomberg News. The automaker has not […]
Elon Musk
At this point, Elon Musk does not need an introduction, especially after being in the news for his interesting takeover of Twitter. Nevertheless, the tech mogul was once known for his innovative approach to science and technology. In fact, his portfolio contains an extensive list of companies he had a hand in, including PayPal. But […]
Tesla’s investment in Bitcoin has been a rollercoaster ride for the company and the cryptocurrency world. When Tesla announced in February 2021 that it had invested $1.5 billion in Bitcoin and would begin accepting it as payment for its electric vehicles, the price of the cryptocurrency skyrocketed. However, the honeymoon didn’t last long, as the […]
IEC Telecom, a French satellite service provider, is officially a Starlink satellite internet service authorized distributor for SpaceX. IEC Telecom made a new service portfolio with Starlink capability available for satcom users on Monday, including remote workers, multinational corporations, and maritime organizations. IEC Telecom provides new Starlink land solutions for mobile and fixed deployments. The […]
Top advertisers on Twitter slashed their spending after Elon Musk’s takeover, according to estimates compiled for Reuters by research firm Pathmatics, in the latest shock to the company’s dominant revenue source. Fourteen of the top 30 advertisers on Twitter stopped all advertising on the platform after Musk took charge on October 27, according to the […]
Tesla Inc’s steep sell-off is proving to be an ongoing nightmare for fund managers that have bet heavily on the Elon Musk-led electric vehicle manufacturer. Overall, 50 actively-managed U.S. equity funds have more than 5 percent of their assets in the company, exceeding the barrier that many portfolio managers will not cross for one equity […]
Neuralink, the Elon Musk company that Reuters reported on Monday is the target of a federal investigation over its animal trial program, has been trying to develop a brain chip that would enable the paralyzed to walk and the blind to see. Here is more on what Neuralink does. WHAT IS NEURALINK DEVELOPING? Founded in […]
The U.S. Federal Communications Commission (FCC) said on Thursday it approved SpaceX’s bid to deploy up to 7,500 satellites, but put on hold some other decisions. SpaceX’s Starlink, a fast-growing network of more than 3,500 satellites in low-Earth orbit, has tens of thousands of users in the United States so far, with consumers paying at […]
Tesla Inc may be losing its tight grip on the electric car market, as rivals try to chip away at its market share with cheaper options. With electric cars quickly gaining popularity among masses, models priced below $50,000 are in big demand, an area where the world’s most valuable automaker “does not yet truly compete”, […]
Elon Musk accused Apple Inc of threatening to block Twitter Inc from its app store without saying why in a series of tweets on Monday that also said the iPhone maker had stopped advertising on the social media platform. The billionaire CEO of Twitter and Tesla said Apple was pressuring Twitter over content moderation demands. […]