Financial Industry News
A month ago, Elon Musk tweeted that the panic over the novel coronavirus is dumb. Now, Tesla is implementing cost-cutting measures. Tesla’s shares have also nosedived since Musk’s infamous tweet. In March, Tesla chief executive Elon Musk downplayed the coronavirus threat and tweeted that the panic over the virus is “dumb.” A month later, the […]
Continue ReadingFord Motor Company and General Motors have both seen their valuations destroyed by the coronavirus. Tesla, meanwhile, posted an impressive Q1 delivery report, sending its stock back above $500 overnight. Elon Musk has a perfect opportunity to buy both these companies and make Detroit great again. As investors punish the stock prices of Ford (NYSE: […]
Continue ReadingA new crypto scam has been advertised on Youtube and other social media platforms recently, promising high returns and a clearly fake “endorsement” from Elon Musk and Daniel Craig. YouTube Ad Leads to Crypto Scam “Backed by” Elon Musk Business Insider recently spotted that a cryptocurrency scam known as “Bitcoin Era” continues to lure potential […]
Continue ReadingElon Musk thinks concerns about the coronavirus are overblown. The Tesla CEO may have just had another “Funding Secured” or “Pedo Guy” after his recent tweet. Would Chinese whistleblower Dr. Li Wenliang, who died fighting the disease, agree with his message? Elon Musk thinks people who are afraid of the coronavirus are dumb. Let’s see […]
Continue ReadingElon Musk is one true Dogecoin fan, after handing out praises on Twitter for the second time. Elon Musk Warms Up to Crypto Assets Elon Musk, who turned out as a sporadic, though powerful endorsement for crypto, once again boosted DOGE with a meme-based tweet. They have the best coin — Elon Musk (@elonmusk) March […]
Continue ReadingThe Chinese automobile industry is in freefall as the country deals with the economic fallout from the coronavirus outbreak. Tesla depends on China to fulfill the optimistic guidance provided by Elon Musk. Tesla probably won’t be able to meet its forecasts because of China-related headwinds. Car sales in China dropped by 92% in the first […]
Continue ReadingElon Musk has another fundraising effort planned for SpaceX. The Tesla boss recently announced a possible IPO for his Starlink project as well as an additional $2 billion common stock offering of TSLA. All these moves suggest Musk might be feeling less than confident about the health of the global economy. As Wall Street speculates […]
Continue ReadingTesla could reduce costs significantly by using cobalt-free batteries. Cobalt batteries are one of the most expensive components in electric vehicles. Elon Musk envisioned the Model 3 as a mass market car but it currently competes with luxury vehicles. One of the biggest factors preventing the mass adoption of electric vehicles (EVs) has been their […]
Continue ReadingTesla’s Gigafactory Berlin has hit a major stumbling block as activists try to block its construction. Google was once thwarted by local activists when trying to open a tech start-up incubator. Elon Musk’s claims that the Gigafactory will have a net positive environmental impact aren’t enough to assuage environmentalists’ worries. Elon Musk was on the […]
Continue ReadingThe Donald Trump administration is seeking to dismantle a program benefiting the EV industry. You might think Tesla, a longtime beneficiary of the program, should cringe at its proposed cancellation. But there’s a surprising reason Elon Musk should secretly cheer Trump’s budget. President Donald Trump’s latest controversial budget proposal seems destined to make America’s electric […]
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