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Retail Asia06/02/2023

Still one of the richest men in the world, Twitter CEO Elon Musk is now claiming that his $44 billion purchase of Twitter was a timely one as it saved the social media company from bankruptcy. Replying to a tweet from The Wall Street Journal, Musk wrote, “Last 3 months were extremely tough, as had to save […]

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Retail Asia30/11/2022

These days you have to wonder just exactly what is going through the mind of multi-billionaire Elon Musk. After spending $44 billion to buy Twitter, Musk is acting like someone who never made a major decision in his life. He says one thing, reverses direction in a day and reverts back to his original thought […]

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Retail Asia28/11/2022

You might wonder how Elon Musk got where he is today based on his uneven performance as Twitter’s new owner. His confusing and illogical changes to the verification checkmarks and his inability to make a decision and stick to it without changing his mind a few times does not inspire confidence in the guy as […]

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Retail Asia10/11/2022

Tesla Inc Chief Executive Officer Elon Musk has sold $3.95 billion worth of shares in the electric vehicle maker, according to U.S. regulatory filings, days after he completed his purchase of Twitter Inc for $44 billion. Musk, whose net worth dropped below $200 billion after investors dumped Tesla stock, unloaded 19.5 million shares between Friday […]

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Retail Asia28/04/2022

Tesla Inc Chief Executive Officer Elon Musk tweeted on Friday that the electric carmaker will raise the U.S. price of its advanced driver assistant software dubbed “Full Self Driving” to $12,000 on Jan. 17. The 20% price rise comes less than two years since Tesla raised Full Self-Driving (FSD) prices to $10,000 from $8,000 in […]

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Retail Asia22/04/2022

Elon Musk on Thursday said he has lined up $46.5 billion in debt and equity financing to buy Twitter Inc and is considering taking his offer directly to shareholders, a filing with U.S. regulators showed. Musk himself has committed to put up $33.5 billion, which will include $21 billion of equity and $12.5 billion of […]

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Retail Asia15/04/2022

Just three days ago, when Elon Musk ended up not joining Twitter’s board even with the 9.1% stake in the company that he amassed, one analyst suggested that this was a tactical move on Musk’s part. As a board member, he would have been forced to keep his stake capped at no higher than 14.9% of the […]

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Retail Asia11/04/2022

Electric carmaker Tesla will make a “dedicated” self-driving taxi that will “look futuristic,” Chief Executive Elon Musk said on Thursday, without giving a timeframe. The 50-year-old billionaire, wearing a black cowboy hat and sunglasses, made the comments at the opening of Tesla’s $1.1 billion factory in Texas, which is home to its new headquarters. “Massive […]

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Retail Asia28/02/2022

The US regulators are investigating Elon Musk and his brother Kimbal in connection to insider trading. The Securities and Exchange Commission (SEC) is enquiring whether Tesla CEO Elon Musk told his brother Kimbal in advance about a Twitter poll, which caused the carmaker’s shares to fall, according to the Wall Street Journal. Tesla shares fell immediately after its […]

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Retail Asia27/01/2022

Tesla Inc on Monday fought back against JPMorgan Chase & Co over a disputed bond contract, countersuing the bank for seeking a “windfall” following Elon Musk’s notorious 2018 tweet that he might take his electric car company private. In a filing in Manhattan federal court, Tesla accused JPMorgan of “bad faith and avarice” for demanding […]

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Retail Asia15/11/2021

Tesla CEO Elon Musk offloaded a combined $6.9 billion worth of shares in the electric car company this week, taking advantage of a meteoric rally that vaulted the firm’s value to over $1 trillion. The billionaire sold 1.2 million shares held by his trust for more than $1.2 billion on Friday, the latest in a […]

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Retail Asia03/06/2021

British cosmetics retailer The Body Shop recently announced that it will solely manufacture and sell vegan products by the year 2023. The beauty company has championed its vegetarian and cruelty-free range of products for years, but finally, the brand decided to go 100 percent vegan. It revealed that its company line will be certified by The Vegan Society, […]

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Retail Asia09/10/2020

Tesla Chief Executive Elon Musk said on Wednesday the company will produce Model Y with a new structural battery design and technology at its Berlin factory next year and that could result in a “significant production risk”. The U.S. electric carmaker plans to manufacture a new version of its Model Y crossover vehicle, and possibly […]

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Retail Asia16/01/2020

Tesla Inc Chief Executive Elon Musk is coming close to earning the first $346 million tranche of options in a record-breaking pay package, after the electric vehicle maker’s stock more than doubled in the last three months. Shares of Tesla surged 9% to a record high on Monday. They need to rise another 6% to […]

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Retail Asia06/01/2020

Tesla Inc beat Wall Street estimates for annual vehicle deliveries and met the low-end of its own target, sending shares to a record high in a vindication for Chief Executive Elon Musk after a few turbulent years. Boosted by demand for its mass-produced Model 3 sedans as overseas sales pick up, Tesla on Friday said […]

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Retail Asia08/05/2019

Tesla CEO Elon Musk has said that the electric car maker is ready to fly autonomous robotaxis from 2020. Making a series of bold predictions during the Tesla Autonomy Day at the Palo Alto-based headquarters late on Monday, Musk said the company expects to get necessary approvals by 2020. “I feel very confident predicting that […]

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Retail Asia31/07/2017

Shares of Tesla rose nearly 1 percent on Friday ahead of a handover to customers of its first Model 3 sedans, the electric cars that Chief Executive Officer Elon Musk is betting will propel his company into the mass market. Tesla is counting on the Model 3 to help turn the cash-losing company into a […]

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Retail Asia04/07/2017

Tesla’s high-volume Model 3 sedan passed all regulatory requirements for production two weeks ahead of schedule, Chief Executive Elon Musk tweeted on Sunday night. “(Model 3) Production grows exponentially, so Aug should be 100 cars and Sept above 1,500,” Musk said on Twitter. “Looks like we can reach 20,000 Model 3 cars per month in […]

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Retail Asia29/10/2016

Tesla Motors Inc Chief Executive Elon Musk on Friday unveiled new energy products aimed at illustrating the benefits of combining his electric car and battery maker with solar installer SolarCity Corp. The products include solar-powered roof tiles that eliminate the need for traditional panels and longer-lasting batteries aimed at helping to realize Musk’s vision of […]

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