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Elon Musk Banks Nearly $12B , of Tesla Money in a Week.
Elon Musk Banks Nearly $12B , of Tesla Money in a Week.
Fox Business reports that according to the Dow Jones Market Data Group, Musk added $11.98 billion to his wealth in seven days.
Musk holds 423,622,000 Tesla shares. .
Musk's holdings jumped from
$53.87 billion on Jan. 19 to $67.89 billion based on the closing price on Jan. 26. .
Tesla, which is up 48% since the beginning of 2023, remains the best performer on the Nasdaq 100.
According to the company's latest earnings release, Tesla brought in $24.32 billion in revenue in Q4.
That's a 37% increase from last year's fourth quarter.
Fox Business reports that Musk praised his Tesla team for delivering satisfactory results , "despite the fact that 2022 was an incredibly
challenging year due to forced shutdowns, very
high interest rates and many delivery challenges.".
Thus far in January, we’ve seen the strongest orders year-to–date than ever in our history. , Elon Musk, via earnings call.
We’re currently seeing orders at almost twice the rate of production, Elon Musk, via earnings call.
In January, Tesla said its vehicle production for the quarter amounted to more than 439,700 vehicles.
Deliveries came in at around 405,300
Credit: Wibbitz Top Stories Duration: 01:31Published
The organisations behind the lawsuit are hoping this will set an international legal precedent that will help communities around the world keep Twitter accountable
Credit: euronews (in English) Duration: 02:51Published
Donald Trump’s , Facebook and Instagram Accounts , Will Be Reinstated.
'The Hill' reports that parent company Meta made the announcement via a news release on Jan. 25.
The former president had previously received a two-year ban in the wake of the events of Jan. 6.
Now, Trump will be allowed to return
to the platforms in the coming weeks.
Our determination is that the risk has sufficiently receded, and that we should therefore adhere to the two-year timeline we set out, Nick Clegg, Meta's President for Global Affairs, via Twitter.
The public should be able to hear what their politicians are saying — the good, the bad and the ugly — so that they can make informed choices at the ballot box, Meta, via news release.
Trump's Twitter account was also
reinstated in November following
Elon Musk's acquisition of the platform.
While Trump now primarily uses his own social media platform, Truth Social, it's unclear whether he will actually return to the other platforms.
After Meta's announcement on Jan. 25,
Trump responded with criticism.
FACEBOOK, which has lost Billions of Dollars in value since ‘deplatforming’ your favorite President, me, has just announced that they are reinstating my account. , Donald Trump, via Truth Social.
Such a thing should never again happen to a sitting President, or anybody else who is not deserving of retribution!, Donald Trump, via Truth Social
Credit: Wibbitz Top Stories Duration: 01:31Published
Elon Musk Testifies , in Trial Over Tweets , About Taking Tesla Private.
On January 23, Tesla CEO Elon Musk took the witness
stand in a trial to determine whether he intentionally
mislead investors with an August 2018 tweet. .
On January 23, Tesla CEO Elon Musk took the witness
stand in a trial to determine whether he intentionally
mislead investors with an August 2018 tweet. .
The lawsuit made by Tesla investors claims that Musk's
tweet stating that he had "secured" funding for taking
Tesla private caused them to lose large sums of money.
The lawsuit made by Tesla investors claims that Musk's
tweet stating that he had "secured" funding for taking
Tesla private caused them to lose large sums of money.
The tweet has already been
ruled as both false and reckless
by U.S. Judge Edward Chen. .
NBC reports that Musk believes he can
convince the jury that he was unaware
that the tweet was false when he sent it. .
NBC reports that Musk believes he can
convince the jury that he was unaware
that the tweet was false when he sent it. .
Musk has also suggested that movements
in Tesla's stock price are not
dictated by his personal tweets.
Just because I tweet something
does not mean people believe it
or will act accordingly, Elon Musk, Tesla CEO, via NBC.
According to Musk's attorney, Alex Spiro, the Tesla
CEO was taking steps to finalize a deal with Saudi
backers back in 2018 when he sent the tweet. .
According to Musk's attorney, Alex Spiro, the Tesla
CEO was taking steps to finalize a deal with Saudi
backers back in 2018 when he sent the tweet. .
Spiro suggests that Musk was trying to protect the
"everyday shareholder" by sending the tweet, which
may have contained some "technical inaccuracies.".
Spiro suggests that Musk was trying to protect the
"everyday shareholder" by sending the tweet, which
may have contained some "technical inaccuracies.".
Nicholas Porritt, a lawyer representing shareholders,
argues that Musk was fully aware the deal with Saudi
Arabia's public investment fund was not final at the time. .
Nicholas Porritt, a lawyer representing shareholders,
argues that Musk was fully aware the deal with Saudi
Arabia's public investment fund was not final at the time.
Credit: Wibbitz Top Stories Duration: 01:31Published
A nine-person jury was selected Tuesday to hear a trial that will determine whether Tesla CEO Elon Musk cheated investors with tweets in 2018 saying that he had lined up financing to take the electric automaker private.
Credit: euronews (in English) Duration: 01:06Published
Engineer Testifies That , Tesla Self-Driving , Promotional Video Was Staged.
NBC reports that a 2016 Tesla video used to promote
its self-driving technology was allegedly staged to
demonstrate capabilities that the system did not have. .
According to the testimony of a senior engineer,
the video was released in October 2016 and
promoted as evidence that the technology works.
Ashok Elluswamy, director of Autopilot software at
Tesla, says that the Model X used in the video was
not driving itself with deployed Tesla technology. .
Elluswamy's July deposition was taken as evidence
in part of a lawsuit against Tesla for a fatal
2018 crash involving a former Apple engineer.
Elluswamy's July deposition was taken as evidence
in part of a lawsuit against Tesla for a fatal
2018 crash involving a former Apple engineer.
NBC reports that the video
in question is still archived
on Tesla's website.
The video's tagline claims that , “The person in the driver’s seat
is only there for legal reasons. He is not
doing anything. The car is driving itself.”.
However, according to Elluswamy,
the video was created by using
3D mapping on a predetermined route. .
Elluswamy's testimony also reportedly
details how drivers intervened to take
control of cars used in the test runs. .
According to Elluswamy's testimony, when trying to
demonstrate the Model X's ability to park itself without a
driver, the car crashed into a fence in the Tesla parking lot.
The company's website also states that Tesla technology is
designed to assist with driving and emphasizes that the features , “do not make the vehicle autonomous.”
Credit: Wibbitz Top Stories Duration: 01:31Published
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