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TESLA CASH BURN
Tesla cash burn to test investor faith in AI betsCEO Elon Musk has pivoted the electric-vehicle maker's focus from manufacturing cars to building so-called physical AI businesses such as s...- SpaceX-Tesla Inc. is inching closer. Watch out, Nvidia?That logic, and Musk’s dominant role at both companies, creates a potential conflict of interest because it would advantage the likely acqu...
- Year 2008. Elon Musk was almost broke, facing divorce, close to a nervous breakdown. How just 3 days around Christmas changed his life and SpaceX fortunes foreverIn 2008, Elon Musk faced near financial ruin with SpaceX and Tesla on the brink of collapse. After a critical SpaceX launch succeeded, NASA...
- SpaceX plans to set IPO price at $135 per share, targeting $75 billion raise: ReportSpaceX is set to price its IPO at $135 per share, aiming to raise $75 billion and achieve a $1.75 trillion valuation. The company is breaki...
- SpaceX targets $1.75 trillion valuation in all-primary IPO next week, sources saySpaceX is preparing for a massive initial public offering targeting a valuation of $1.75 trillion. The company plans to raise at least $75 ...
- Uber CEO on Travis Kalanick; Micron’s warning to IndiaDara Khosrowshahi told ET in an interaction that Uber is open to collaborating with founder Travis Kalanick. This and more in today’s ETtec...
- Elon Musk is fueling Tesla by torching piles of cashTesla plans a massive investment boost, doubling its budget for autonomous vehicles, robots and AI. This comes despite recent weak financia...
- EV maker Lucid launches cheaper Air Pure electric sedanLuxury electric vehicle manufacturer Lucid Group has unveiled a cheaper version of its Air Pure sedan in an effort to boost demand. Priced ...
- EV startups burn through more cash as demand faltersEven market leader Tesla has warned of "turbulent times" and traditional automakers with deeper pockets including Ford Motor are losing mon...
- Passenger EV sales set to surge in FY24; China’s Covid surge may hit India’s smartphone marketCompanies such as Tata Motors, MG Motor India and Mahindra & Mahindra are set to launch a number of electric passenger vehicles in FY24. Th...
- Apple CEO refused talks to acquire Tesla at $60 billion: Elon MuskTesla CEO Musk said in a tweet that he reached out to Apple during the 'darkest days' of development of his company’s Model 3 to talk about...
- Tesla's U-turn puts it back at square one on cashTesla has $1.3 billion in debt coming due in the next 12 months.
- Tesla shares drop on report that it asked suppliers for refundsTesla has asked some suppliers to refund money paid by the electric car maker since 2016, the Wall Street Journal reported on Sunday citing...
- At $78,000, Tesla's Model 3 is no longer the masses' dream come trueThe new price tag puts the electric sedan beyond reach of many consumers, and, by Musk’s own estimations, brings it closer to the realm of ...
- Before IPO, Uber calls lenders for $1.25 billion loanThe company is seeking a $1.25 billion loan and its new Chief Executive Officer Dara Khosrowshahi was there flanked by other senior managem...
- Tesla blows through $8,000 every minute amid Model 3 woesTesla has said it has ample money to meet its target of producing 5,000 Model 3 sedans by the end of March.
- Tesla burns through record cash to bring the Model 3 to marketThe chief executive officer has built a fanatical following of Tesla shareholders who continue to throw their support behind his clean-ener...
- Tesla returns to Wall Street as Elon Musk readies Model 3 for marketThe offering will cushion the balance sheet of the youngest publicly held US automaker as it ramps up spending to introduce the Model 3.
- Elon Musk's plea to workers: Deliver 'every car we possibly can'"We will be in a better position to convince investors if the headline is not ‘Tesla Loses Money Again,’ but ‘Tesla Defies All Expectations...
- There's one thing Volkswagen can do to stop bleedingFirst we learned Volkswagen sold 11 million diesel cars specifically designed to conceal deadly NOx emissions. Now we’re told another 800,0...
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