The bears were wrong before, but they are right currently on Tesla, according to the short seller. Tesla (TSLA) – Get Free Report ain’t what it appears to be. That’s at least according to famed short seller Jim Chanos, who told CNBC why he remains bearish on the electric vehicle maker. “You know I’ve been saying half tongue-in-cheek …
In a regulatory filing, the company confirmed an ongoing DOJ investigation, and said the feds had requested specific materials. The U.S. Department of Justice (DOJ) requested documents from Tesla related to the company’s Autopilot and so-called “Full Self-Driving” features, according to a Tesla financial filing submitted Tuesday. In part of Tesla’s most recent quarterly report to investors …
Tesla may be backtracking on its belief in the long-term benefits of investing in Bitcoin after losing over $200 million on the investment last year. The language that has appeared in past 10-K documents filed by the automaker that seems to show a bullish attitude toward investing in cryptocurrencies is no longer there. Early in …
China is the biggest market for electric vehicles on the planet. It’s a crucial battleground for Tesla. The most popular electrified SUVs in China come from BYD, Li Auto, Zeekr, and more. China is the biggest market for electric cars in the world and a crucial region for Tesla, the world leader in battery-powered car …
It will take a while to get the required regulatory approvals, though. In the latest episode of throwing everything at the wall and seeing what sticks, Elon Musk’s Twitter is reportedly working on becoming a payments platform. According to the Financial Times(Opens in a new window), which cites people familiar with the company’s plans, Musk wants …
Data privacy expert Shoshana Zuboff told the FT that Elon Musk’s Twitter is a threat to democracy. The former Harvard Business School professor calls Musk’s Twitter takeover “fundamentally intolerable.” Twitter, and more recently Meta, have allowed Trump to return to their platforms, reversing bans. Shoshana Zuboff, a professor emerita at Harvard Business school, said that Elon Musk’s …
Tesla continues the gradual opening of its Supercharger network to non-Tesla electric vehicles – now with a few stations in Australia. The timing of the launch of the pilot program in North America is still unknown. Over the last year, Tesla has been working to open its Supercharger network to non-Tesla electric vehicles. In Europe, Tesla …
Elon Musk’s Twitter has made its first interest payment of $300 million on the $13 billion of debt used by the CEO to purchase the social media platform. The update was shared by individuals reportedly familiar with the matter. The social media platform reportedly settled the interest payment on Friday with a group of seven …
While Elon Musk noted during the Q4 and FY 2022 earnings call that data from Tesla Insurance is helping the company minimize vehicle repair costs, the story seems different for Teslas that are covered by other insurance providers. As per a recent report, even low-mileage Teslas are already being written off by insurance companies. Elon …
Elon Musk is expanding Twitter to everything app and applying for regulatory licenses so Twitter can operate across the US with payment functionality. Sources close to the matter revealed that fiat currency is first priority, but crypto functionality could be added soon. Musk has previously dabbled in Bitcoin at Tesla, industry experts believe the long-term …