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Tesla News
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Billionaire George Soros firm sells its entire Tesla stake
- George Soros' family office, Soros Fund Management, sold its entire stake in Tesla during the first quarter, likely benefiting from the stock's impressive rebound and significant gains.
- The fund also reduced its holdings in electric-vehicle startup Rivian Automotive and First Horizon Bank, while making new purchases of shares in Walmart, Netflix, and Chinese e-commerce company JD.com.
- Tesla's stock saw a 68% surge in the first quarter, driven by a broader rally in the technology sector, although it has since moderated its gains to approximately 37% year-to-date.
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Apple cofounder says AI in Elon Musk's Tesla cars can kill people
- In a recent interview, Apple co-founder Steve Wozniak criticizes Tesla's AI technology, warning that it has the potential to be dangerous and can "kill you every chance it can."
- Wozniak highlights Elon Musk's tendency to overstate the capabilities of Tesla's AI-powered self-driving technology, overshadowing his role in promoting electric vehicles.
- Wozniak highlights responsible approach to powerful tech like AI, stressing the need to study and prepare for its positive and negative effects.
- Elon Musk's Tesla faces further challenges as China orders recall of 1.1 million vehicles due to regenerative braking system issue.
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720
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Apple co-founder Steve Wozniak gives Tesla cars as an example of AI gone wrong
- Steve Wozniak, co-founder of Apple, criticizes Tesla CEO Elon Musk for not delivering on his promise to launch self-driving cars and says Tesla could kill, calling the car model an example of artificial intelligence "gone wrong."
- Wozniak praised Musk's efforts to encourage the use of electric vehicles but criticized his failure to deliver on self-driving car promises.
- In a recent interview, Wozniak clarified that he was not afraid of AI but called for regulation to ensure that companies consider ethical concerns while developing AI technology.
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470
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Sequoia-backed fintech Razorpay to integrate with ONDC
- Fintech platform Razorpay has announced that it will join the government's e-commerce project, the Open Network for Digital Commerce (ONDC).
- Razorpay will launch a payment reconciliation service for several network participants, including buyers, sellers, and logistic providers.
- The company, which mainly focuses on businesses, has over 10 million businesses on its platform, including small and medium enterprises.
- Razorpay's history of maintaining an audit trail is expected to help settle any disputes or discrepancies that arise on the ONDC network.
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Elon Musk's mother claims media's hate for Tesla began 15 years ago
- Maye Musk, mother of Tesla CEO Elon Musk, took to Twitter to express her frustration with the media's negative coverage of Tesla, stating that the hate started around 15 years ago due to fossil fuel ads.
- Maye Musk claimed that she tried to call out journalists and news outlets on Twitter in the past, but her efforts went largely unnoticed. However, she believes that the media is now becoming scared.
- The tweet comes amid ongoing debates surrounding electric vehicles and their impact on the environment, as well as concerns over the role of media in shaping public perception of certain industries.
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492
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Elon Musk's Tesla identified as most recalled car brand: Report
- Tesla overtakes all car brands with the most number of recalls, according to a new study by iSeeCars that analyzed data from 2014 to 2023.
- Tesla's core lineup of Models 3, Y, X, and S claimed four out of the top five spots for the most recalled models, with gas-powered Porsche Panamera taking the fifth spot.
- Tesla's recall issues continue to be a cause for concern, with a recent recall of over 360,000 vehicles due to a potentially fatal update to its self-driving software.
- The study found that Toyota and Mercedes have the most models in the least-recalled list, indicating a strong reputation for quality in their brands.
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831
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Is Musk running ‘sweatshops’? Former manager claims Tesla refused to install AC for workers
- Former Tesla service manager claims the company did not install air conditioning in one of its service shops, resulting in unsafe working conditions during heat waves.
- Repeated requests to install air conditioning were denied by Tesla's finance department, according to a complaint filed in federal court.
- The former manager alleges retaliation from bosses, including being stripped of responsibilities and ultimately fired, for pushing the air conditioning issue.
- Tesla denies wrongdoing and has petitioned to move the case to federal court as the plaintiff is seeking between $2.7 million and $10 million in damages.
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2y
816
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Vietnam shoemaker for Nike, Adidas to slash 6,000 jobs: Reports
- According to sources, Taiwan's Pou Chen, the world's largest manufacturer of branded sports and casual shoes, may lose 6,000 positions at a Vietnam plant due to weak demand.
- The officials, who were not authorised to speak to reporters, said the Pouyuen Vietnam factory will lose 3,000 positions this month and not renew 3,000 more later this year.
- The Pouyen Vietnam plant provides Nike Inc. (NKE.N) and Adidas AG (ADSGn.DE) and employs 50,500 people, making it one of the largest employers in Ho Chi Minh City.
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719
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Twitter user shares Elon Musk's daily schedule; he responds
- Elon Musk, the world's second-richest person, responded to a tweet about his daily schedule.
- A Twitter user shared Elon Musk's daily routine, which consists of sleeping, waking up, and working.
- Elon Musk acknowledged his heavy workload, tweeting "I'm worried about me too."
- He previously stated that his workload increased from 70-80 hours a week to 120 hours after acquiring Twitter.
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2y
904
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Elon Musk tweets meme on US shooting down Chinese 'spy balloon'
- Elon Musk, CEO of Tesla and second-richest person in the world, shared a meme on Twitter.
- The meme depicted a scene from the 2009 animated film "Up" where the flying house is shot down.
- The meme was in reference to the US shooting down an alleged Chinese "spy balloon" off the Atlantic coast.
- China has accused the US of overreacting and violating international practice.
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2y
822
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‘Extremely tough’: Musk on past 3 months as Twitter CEO
- Elon Musk recalled his past three months as Twitter CEO. He said that it has been "extremely tough" as he "had to save Twitter from bankruptcy" while also fulfilling his duties in Tesla and SpaceX.
- Musk attributed the drop in revenue to activist groups pressuring advertisers.
- To fix Twitter, Elon Musk reduced half of the staff, introduced a subscription service, and auctioned off memorabilia.
- Despite these changes, Elon Musk has faced legal troubles due to accusations of contract breach and discrimination from former Twitter employees.
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1k
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Offer to McDonald's on accepting Dogecoin is still 100% open: Elon Musk
- Tesla CEO Elon Musk has confirmed that his offer to eat a McDonald's Happy Meal on television is still open.
- The offer was made in January 2022, when Musk tweeted that he would do so if McDonald's accepted Dogecoin as a means of payment.
- The value of Dogecoin has decreased by 31% since the offer was made.
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904
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Musk predicts China as Tesla's biggest rival, Chinese EV stocks soar
- Chinese electric vehicle (EV) stocks rose after Tesla CEO Elon Musk stated that he sees the company's biggest competitor coming from China.
- Tesla posted record results, which may have prompted Musk's statement.
- Musk acknowledged China's strong position in the EV market and the potential for Chinese companies to become major competitors.
- Investors have responded positively to Musk's comments, with Chinese EV stocks seeing an upward trend.
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