nikolatesla
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Elon Tries to Convince Tesla Investors That Twitter Isn’t a Problem, Really
Tesla CEO Elon Musk tried to convince investors that his chaotic ownership of Twitter was actually good for the electric carmaker, despite the fact that Tesla shareholders have seen their stock price plummet since Musk decided to buy the blue bird app on a whim last year.
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Tesla Can Slash its Prices Because its Cars Are So Cheap to Build
In 2022, Tesla averaged more than $21,106 of gross profit per vehicle — five times what Ford averages on every car or truck sold.
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Elon Musk’s Tesla Trial Defence: Funding Was Secured…in His Mind
Tesla CEO and former world’s richest man Elon Musk began a long awaited trial this week centered around his fateful August, 2018 “funding secured” tweet where he claimed he had successfully lined up funding necessary to take Tesla private at $US420 ($583) per share. Tesla investors lawyering up against the billionaire say those promises, which…
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Tesla Tries to Salvage Shrinking Stock and Fend-Off Competition by Slashing Prices Up to 20%
Increased competition from global carmakers and management missteps have led Tesla, once one of the world’s more expensive electric vehicle makers, to introduce new price cuts across its lineup of products.