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Tesla Plans to Spend $500 Million on Charger Network Despite Layoffs

Electric vehicle maker Tesla recently made a surprising move to lay off the majority of the team responsible for creating their electric-vehicle charging network known as Supercharger. This was interpreted as a sign that Tesla is slowing down on the Supercharger expansion, but that...

Elon Musk Plans to Build a “Town” in Texas for His Employees

Elon Musk, the CEO of Tesla, Twitter, and Space X, is reportedly working on another big project that is promising to be different from anything he has done before. According to a recent report by The Wall Street Journal, one of the wealthiest men...

Musk Tells Employees Not to Worry About “Stock Market Craziness”

Tesla CEO Elon Musk sent an end-of-year memo to employees of the electric vehicle company on Thursday night, thanking them for their hard work over the course of the year. As was the case last year, he implored them to volunteer to deliver last-minute...

Tesla Stock Surges After Musk’s “Step Down” Twitter Poll

Tesla stocks were up by 5% in pre-market trading on Monday following the publication of a poll on Twitter by Elon Musk. In the poll, Musk asked respondents to choose whether or not they believe he should step down from his role as the...

Elon Musk Seeks New Funding for Twitter

An investor in Twitter confirmed that Elon Musk is reaching out to investors for additional funding in the struggling social media platform. Jared Birchall, the managing director of Elon Musk's family office, reached out to investors earlier in the week. Ross Gerber, president, and CEO...

Tesla Stock Falls as Investors Criticize Musk’s Twitter Focus

Tesla stocks edged lower by 1.4% on Wednesday following a previous fall of 3.2% to $155.88 as numerous investors directed criticism at CEO Elon Musk. To date, Tesla stocks have slumped by 55% this year, hitting their lowest level since November 18, 2020. Investors in...