On August 11th, Tesla announced a 5-for-1 stock split effective on August 31st. What this means is that the value of a Tesla share will divide by 5, while the number of shares multiply by 5. Someone who owns a single share of Tesla right now, valued around $1,500 per share, will instead hold 5…
Elon Musk took to Twitter on Thursday and took a series of shots at the SEC (Securities and Exchange Commission). They’ve been at odds before, where Elon Musk landed himself in some hot water over a Tweet stating he was contemplating taking Tesla private at $420 per share. The Tweet on August 7th of 2018…
On Tuesday, Tesla closed at a record high of $1,079.81 per share, reaching a $200 billion market cap. This brings them just shy of Toyota’s market cap which has the largest in the automotive industry. A Twitter thread celebrating the market cap brought up the question if Elon Musk would ever consider a split of…
Last week CEO Elon Musk helped unveil Tesla’s new Cybertruck. The Cybertruck’s abstract design won’t work for those needing a large flatbed for hauling, but Tesla’s innovative project is moving the needle for weekend warriors. Already 200,000 Tesla fans have put down a deposit to reserve their truck for 2021 delivery. If you’re hauling large…
A few weeks ago, a federal judge held Elon Musk in contempt, showing that the S.E.C. won’t let him be, or let him be him… or something. His troubles began, not when he smoked weed with Joe Rogan, but when he may have given inaccurate information to investors through a couple of tweets that could…
by Kitty Testa If you look back at all the news of 2018, it seems as if everything centered around Trump’s tweets and Russia! Russia! Russia! The news cycles spun so fast that it was hard to remember what happened the week before. We moved from one hysteria to another as the never-Trumpers kept warning…
Chris White on December 10, 2018 Tesla CEO Elon Musk did not hold back his disdain of the Securities and Exchange Commission during a “60 Minutes” interview Sunday as the Silicon Valley company battles investigations targeting its founder. “I want to be clear. I do not respect the SEC,” Musk told the program’s host, Lesley Stahl….
Chris White Tesla CEO Elon Musk pushed back against claims he uses Twitter and other social media to seek revenge against journalists and his opponents. “I use my tweets to express myself,” the tech entrepreneur told “60 Minutes” co-host Lesley Stahl. “Some people use their hair. I tweet.” Musk also objected to claims that he uses the medium to…
Chris White on August 7, 2018 Tesla suspended trading Tuesday after CEO Elon Musk cryptically suggested his willingness to take the automaker private following reports Saudi Arabia bought shares in the company. Musk told his Twitter followers that he has secured “funding” to take the company private at $420 per share, far more than the company’s…
Chris White on August 3, 2018 Analysts claim the electric vehicle industry is almost entirely dependent on the well-being of Tesla and CEO Elon Musk’s ability to weather deep financial headwinds. If Tesla fails to make inroads in the auto market, then things look bleak for the electric vehicle industry, according to Paul Ruiz, a…