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☆ Elon Musk comes out fighting as China throws Tesla a lifeline
▼ + stars: | 2024-04-29 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

Elon Musk made a surprise visit to China, meeting officials and striking a deal with Baidu. The deal brings Tesla a step closer to introducing its self-driving features in cars sold in China. AdvertisementElon Musk's surprise visit to China appears to have paid off. Elon Musk was taken by minibus to his private jet at Beijing airport on Monday after a surprise visit to China. Musk's battle planMusk's China visit came amid tough times for Tesla.

Persons: Elon Musk, Tesla, —, Elon Musk's, Narendra Modi, Musk, Li Qiang, Greg Baker, Dan Ives, Wall, Telsa, Musk's, he's Organizations: Baidu, Service, Tesla, Bloomberg, EVs, Getty, Bloomberg TV, Business Locations: China, Beijing, India, AFP

☆ Tesla recalls Cybertruck due to accelerator pedal that can stick
▼ + stars: | 2024-04-19 | by ( Chris Isidore | Peter Valdes-Dapena | ) edition.cnn.com time to read: +2 min

New York CNN —Tesla has been ordered to recall nearly 4,000 of its Cybertrucks due to an accelerator pedal that can stick in place when pressed down. “An unapproved change introduced lubricant (soap) to aid in the component assembly of the pad onto the accelerator pedal. Residual lubricant reduced the retention of the pad to the pedal,” the NHTSA wrote in the recall document. On Monday, NHTSA told CNN it had reached out to Tesla requesting more information on the issue. Unlike many Tesla recalls, this one cannot be fixed with a simple over-the-air software update.

Persons: New York CNN — Tesla, Tesla, Telsa Organizations: New, New York CNN, NHTSA, National, Traffic Safety Administration, CNN Locations: New York, Austin , Texas

☆ China has a problem with electric cars and that's bad news for Elon Musk
▼ + stars: | 2024-04-05 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

Read previewBYD and Tesla both posted anemic first-quarter sales this week, serving up a reminder that demand for electric cars appears to be stalling around the world. China, the world's largest EV market, hasn't been immune from the slowdown. Related storiesCEO Elon Musk appears to have backed away from the price cuts strategy this year, however. There are plenty of public charging stations — about 2.7 million as at the end of 2023, according to the China Electric Vehicle Charging Infrastructure Promotion Alliance. AdvertisementIf China joins the US in loving EVs a little less, both Tesla and BYD could be in for a difficult 2024.

Persons: —, Tesla, anemic, hasn't, That's, Seth Goldstein, Morningstar, BYD, Elon Musk, Goldstein Organizations: Service, Car Association, Bloomberg, Business, Tesla, China, Alliance, BYD Locations: China, Tesla's, Shanghai

☆ Telsa price cuts are to keep the factories humming, says DVX Ventures CEO
▼ + stars: | 2024-03-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTelsa price cuts are to keep the factories humming, says DVX Ventures CEOJon McNeill, DVX Ventures CEO and former Tesla president, joins 'Squawk on the Street' to discuss the sales tactics from electric vehicle makers, whether the price cuts are a real sign of desperation, and more.

Persons: Jon McNeill Organizations: DVX

☆ Elon Musk makes it clear: He's not going to donate to Trump's campaign
▼ + stars: | 2024-03-06 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +2 min

Elon Musk says he's not going to donate to either Donald Trump or Joe Biden. The New York Times reported that Trump met with Musk while looking for cash for his campaign. AdvertisementThe billionaire Elon Musk wrote on Wednesday morning that he wouldn't be donating "to either candidate" for president, a declaration that came after The New York Times reported that Musk huddled with Donald Trump in Florida. "Just to be super clear, I am not donating money to either candidate for US President," Musk wrote on X.Musk's refusal isn't all that surprising. "I would not vote for Biden," Musk told the journalist Andrew Ross Sorkin at a New York Times event.

Persons: Elon Musk, he's, Donald Trump, Joe Biden, Trump, Musk, —, Trump's, Joe Biden's, hasn't, Biden, Andrew Ross Sorkin, I'm, Nikki Haley's, Robert F, Kennedy Jr, Kennedy, Nikki Haley Organizations: The New York Times, Service, US, New York Times, Trump, Twitter, Democratic Locations: Florida

Asian shares were mixed on Friday after another slump on Wall Street driven by expectations that U.S. interest rates will stay high well into next year. Political Cartoons View All 1173 ImagesTokyo's Nikkei 225 fell 0.2% to 32,501.59. Why chance their big swings when Treasurys are paying higher interest. That in turn could give the Fed more reason to keep rates higher for longer. Manufacturing and the housing industry have felt the sting of higher interest rates in particular and have struggled more than the broad job market.

Persons: Hang Seng, Sensex, Australia's, Telsa, Splunk Organizations: Bank of Japan, Federal Reserve, Fed, Dow Jones, Nasdaq, Big Tech, Nvidia, Cisco Systems, Cisco, Wall Street, FedEx, Treasury, Manufacturing, New York Mercantile Exchange, Brent, U.S Locations: Hong Kong, Shanghai, Tokyo, Seoul, Sydney, Hong, Wall, U.S

The lawyers want a judge to approve $229 million in fees, or $10,690 an hour, according to a Sept. 8 filing in Delaware's Court of Chancery. The legal fee and the settlement must be approved by a Delaware judge at a hearing scheduled for October. The Telsa directors have not objected to the fee request but are expected to do so, according to a court filing by the plaintiffs' lawyers. In 2012, the Delaware Supreme Court affirmed a $304 million fee in a Southern Copper shareholder lawsuit involving $2 billion of damages. The Delaware Court of Chancery judge overseeing the Tesla case, Kathaleen McCormick, has scheduled a hearing on Oct. 13 to approve the settlement and the fee.

Persons: Tesla's, James Murdoch, Larry Ellison, Bleichmar Fonti, McCarter, Ronald King, Clark Hill, George Bauer, David Paige, Paige, Kathaleen McCormick, Tom Hals, Amy Stevens, Marguerita Choy Organizations: REUTERS, Partners, Bleichmar, Shukurov, Advisors, Southern, Thomson Locations: Oslo, Norway, Victoria, WILMINGTON , Delaware, Delaware's Court, Delaware, New York, Wilmington , Delaware, Lansing , Michigan

☆ Tesla promises to equip Hilton Hotels with 20,000 EV chargers
▼ + stars: | 2023-09-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla promises to equip Hilton Hotels with 20,000 EV chargersCNBC's Seema Mody, joins 'Power Lunch' to discuss Telsa's plan to provide universal charging connectors to Hilton Hotels across America, expanding infrastructure for EV charging to meet adoption and pressure on the U.S. hotel market.

Persons: Tesla, Seema Mody Organizations: Hilton Hotels, EV, U.S Locations: America

☆ Malaysia eyes more investments to enlarge EV footprint after landmark Tesla deal
▼ + stars: | 2023-08-23 | by ( Clement Tan | ) www.cnbc.com time to read: +5 min

Tesla's groundbreaking move with Malaysia is a boost to Southeast Asia's place in the EV supply chain and the first deal under the country's Battery Electric Vehicle Global Leaders initiative. There are also plans for Tesla to embark on EV battery manufacturing in Malaysia. Anwar said Malaysia is open to more EV investments, including from Chinese automakers. Tesla Inc. signage during a launch of company's Model Y electric vehicle in Kuala Lumpur, Malaysia, on Thursday, July 20, 2023. Building readinessStill, Anwar was hesitant to say a full electric vehicle assembly line is in the pipeline.

Persons: Tesla, Anwar Ibrahim, CNBC's Martin Soong, Anwar, Elon Organizations: country's, Vehicle Global, U.S, EV, Bumiputeras, CNBC, Tesla Inc, Bloomberg, Getty, IT, Zhejiang, Infineon Technologies, Proton Locations: Malaysia, Southeast Asia, Putrajaya, Kuala Lumpur, China, Shanghai, Selangor, Malay, Tanjong Malim, Perak, Kedah, Geely

☆ Here's a rapid-fire update on all 36 stocks in the Club's portfolio, including 2 recent buys
▼ + stars: | 2023-08-17 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +14 min

Here's a rapid-fire update on all 36 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Apple remains an "own it, don't trade it" stock, Jim said. Halliburton (HAL): Given we just added a new stock to the portfolio, Jim said Halliburton may be the stock we look to cut ties with. The lesson with P & G is that, sometimes, there's nothing to do but hold a stock, Jim said. Stanley Black & Decker (SWK): The maker of DeWalt and Craftsman tools is one of the best bargains in our portfolio, Jim said.

Persons: Jim Cramer's, Jim, it's, We're, —, he's, he'll, we're, Dupont, Walt Disney, Estee Lauder, Locker, Mary Dillon's, Halliburton, Humana, Humana's, Linde, Eli Lilly, there's, Mark Zuckerberg's, Jim said, Morgan Stanley, James Gorman, Nikesh Arora, Elliott Management's, Elliott, Stanley Black, Decker, It's, Wells Fargo, Wells, Charlie Scharf —, Jim Cramer, Jim Cramer Rob Kim Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Devices, AMD, Nvidia, Amazon, Federal, Bausch Health, Caterpillar, Costco, Coterra Energy, DuPont de Nemours, Comcast, Emerson, Emerson Electric, Ford, United Auto Workers, GE HealthCare Technologies, Big Tech, NFL, Halliburton, HAL, Texas, Honeywell International, Honeywell, Linde, LIN, Facebook, Reality Labs, Microsoft, Oracle, Palo Alto Networks, Procter & Gamble, Natural Resources, Starbucks, Constellation Brands, TJX, Goods, Wynn Resorts, WYNN, Jim Cramer's Charitable Locations: Bausch, China, Hulu, NBCUniversal, Palo, Macao

☆ Martha Stewart slams hybrid work, compares US to France
▼ + stars: | 2023-06-06 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

CNN —Martha Stewart has waded into the hotly contested remote work debate. Stewart compared the state of in-person work in the United States to France, calling it “not a very thriving country.”“Look at the success of France with their stupid … you know, off for August, blah blah blah. Stewart is not the only high-profile figure strongly advocating for in-person work. Some workers have told CNN the ability to work remotely has changed their lives for the better and that they would rather quit their jobs than return to in-person work. I never wake up dreading work because I am in the comfort of my home,” copywriter Ryan Bernsten told CNN last year.

Persons: Martha Stewart, Stewart, “, That’s, ” Stewart, ”, Goldman Sachs, JPMorgan Chase, Elon Musk, Ryan Bernsten Organizations: CNN, Footwear, JPMorgan, Telsa’s, Kastle Systems Locations: United States, France

☆ CNBC Daily Open: Unrest in Elon Musk's empire
▼ + stars: | 2023-04-21 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Tesla CEO Elon Musk speaks during the official opening of the new Tesla electric car manufacturing plant on March 22, 2022 near Gruenheide, Germany. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Worries over shrinking margins despite companies beating revenue expectations are plaguing most investors — other than Musk and Wood, that is. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ CNBC Daily Open: It’s all about Elon Musk
▼ + stars: | 2023-04-21 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Tesla CEO Elon Musk attends the start of the production at Tesla's "Gigafactory" on March 22, 2022 in Gruenheide, southeast of Berlin. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Which might be a good summary of Twitter, Musk's most contentious company — but investors needn't worry about it since Musk has taken it private, anyway. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ 'QAnon Shaman' Jacob Chansley was released early from prison, and a former prosecutor said it's totally normal to have sentences reduced
▼ + stars: | 2023-03-31 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +4 min

January 6 rioter Jacob Chansley, known as the "QAnon Shaman," has been released from prison early. Chansley was moved to a halfway house in Arizona, his trial lawyer told Insider. Chansley was let out of prison after serving 27 months of his 41-month sentence. Chansley's projected release date from any kind of federal custody is May 25, the Bureau of Prisons spokesperson said. Former New York prosecutor Mark Bederow told Insider that it is "common" for federal inmates to get their sentences lessened under the First Step Act, which was passed in 2018.

☆ Microsoft threatens to restrict data from rival AI search tools
▼ + stars: | 2023-03-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMicrosoft threatens to restrict data from rival AI search toolsCNBC's Deirdre Bosa reports on the tech headlines making waves, including Elon Musk valuing Twitter at $20 billion, less than half of what the Telsa founder paid for the social media company.

☆ Explainer: What is Generative AI, the technology behind OpenAI's ChatGPT?
▼ + stars: | 2023-03-17 | by ( ) www.reuters.com time to read: +4 min

WHAT IS GENERATIVE AI? Like other forms of artificial intelligence, generative AI learns how to take actions from past data. The most famous generative AI application is ChatGPT, a chatbot that Microsoft-backed OpenAI released late last year. Generative AI likewise can take notes during a virtual meeting. Cybersecurity researchers have also expressed concern that generative AI could allow bad actors, even governments, to produce far more disinformation than before.

☆ Gerber ends Tesla board run, says carmarker creating 'own voice'
▼ + stars: | 2023-02-24 | by ( Ross Kerber | ) www.reuters.com time to read: +2 min

[1/2] A driver recharges the battery of his Tesla car, at a Tesla Super Charging station, in a petrol station on the highway in Chateauvillain, France, February 20, 2023. REUTERS/Pascal Rossignol/File PhotoCompanies Tesla Inc FollowBOSTON, Feb 24 (Reuters) - Tesla Inc (TSLA.O) investor Ross Gerber said on Friday he will end his run for the electric carmaker's board of directors, citing changes investors can expect to see next week. Tesla also will create more Twitter and promotional content, which could move the brand away from its close identification with Musk. Gerber, a Los Angeles investment manager, is a longtime Tesla bull who initially cast his run as that of a "friendly activist." While his wealth-management firm had only about 440,000 shares of Tesla he has received backing from larger shareholders online.

☆ Former Ford CEO Mark Fields: Tesla's Q4 earnings were quite impressive
▼ + stars: | 2023-01-26 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Ford CEO Mark Fields: Tesla's Q4 earnings were quite impressiveFormer Ford CEO Mark Fields joins 'Squawk Box' to discuss his thoughts on Telsa's quarterly earnings results, Tesla's valuation, and more.

☆ Protesting Tesla China buyers vow more pressure over price cuts they missed
▼ + stars: | 2023-01-10 | by ( ) www.reuters.com time to read: +4 min

[1/4] Tesla owners unhappy with the U.S. carmaker's price cuts discuss their situation at a Tesla delivery centre in Shanghai, China January 10, 2023. Similar protests by Tesla owners have sprung up in cities including Henan, Wuxi and Hangzhou in recent days, according to owners and social media posts. Tesla has faced online backlash over previous price cuts in China before but nothing as widespread as the current spontaneous protests. "We trusted the brand so much that we cancelled our orders for other brands for Tesla," said Yu, who stayed with a group of about 25 protesters at the Tesla Shanghai facility late into Tuesday evening. Analysts have said Tesla's price cuts were almost certain to boost China sales, which tumbled in December, and force other EV makers to cut prices too.

☆ Elon Musk makes Twitter visitors wait for more than an hour – and they cannot speak before being spoken to, report says
▼ + stars: | 2022-12-26 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Twitter visitors often wait more than an hour to speak to Elon Musk, The Washington Post reported. They're told not to speak before Musk, who sometimes watches videos in meetings, per WaPo. It added that visitors must wait to see Musk in an area next to the 10th-floor conference room that the CEO works from. A person close to Musk told The Post that he was "uncovering and solving and programming all night." Musk has previously told staff that Twitter 2.0 would be "extremely hardcore" and would involve working "long hours at high intensity."

☆ Factbox: Tesla's key managers in China
▼ + stars: | 2022-12-22 | by ( ) www.reuters.com time to read: +3 min

Here is a look at Zhu and other key China managers who have helped Tesla’s Shanghai factory roar back from lockdowns to bring the electric vehicle maker close to its global growth targets for the year. TOM ZHUZhu, who was born in China but now holds a New Zealand passport, joined Tesla in 2014. Lankton later hired Zhu to take charge of Tesla's charging facility construction in China, according to one of the people who is close to Zhu. The moves boosted Tesla's sales in China, and its revenue from China more than tripled in 2016 from 2015. SONG GANGSong Gang has been plant manager of Giga Shanghai since 2018.

☆ Elon Musk praises Kyrsten Sinema for leaving the Democratic Party: 'I hope more of our elected leaders act independently'
▼ + stars: | 2022-12-09 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Elon Musk praised Sen. Krysten Sinema for leaving the Democratic Party. "I hope more of our elected leaders act independently ...," Musk wrote on Twitter. Elon Musk wrote on Twitter. Musk wrote on Twitter. Arizona Democratic Party Chairwoman Raquel Terán blasted Sinema as someone who "has shown she answers to corporations and billionaires, not Arizonans."

☆ A homeowner is selling a $1.1 million property with a free Tesla car to make it stand out from the crowd
▼ + stars: | 2022-11-20 | by ( Bethany Dawson | ) www.businessinsider.com time to read: +2 min

A New Zealand homeowner is offering a free Tesla with the purchase of their house. They are doing this to make their home stand out from the crowd. It also can "bring some positivity back" to a difficult property market, the estate agent told Insider. One of seven bedrooms in the property Barfoot & ThomsponKapoor told Insider that "the main reason we came up with this idea is that the Auckland market has gone down by 10% or more. The house, based in suburban Auckland, is set on 1,561 ft² of land, according to Barfoot & Thompson's website.

☆ Twitter founder Jack Dorsey to remain invested in the company under Elon Musk
▼ + stars: | 2022-11-01 | by ( Clare Duffy | ) edition.cnn.com time to read: +3 min

New York CNN Business —Twitter co-founder and former CEO Jack Dorsey stepped down from the company’s board earlier this year, but he’s staying involved with the social platform following its takeover by Elon Musk. Almost immediately after taking over the company, Musk dissolved Twitter’s board of directors. Later that year, Musk defended Dorsey when he was facing pressure from an activist investor, saying on Twitter, “I support @Jack as Twitter CEO. Dorsey stepped down as Twitter CEO last November and left its board of directors in May. In April, after Musk agreed to buy the company, Dorsey pledged his support for the takeover.

☆ Tesla earnings rebound but will miss 50% growth target
▼ + stars: | 2022-10-19 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN Business —Tesla posted a solid quarter of earnings and record revenue, but now says it will fall short of its target for a 50% growth in the number of cars it sells this year. As recently as July it said it was still aiming for a target of a 50% growth from the 936,000 cars it delivered in 2021. The company had previously reported it delivered 344,000 cars in the third quarter, a record for the company, and up 42% from a year ago. But it would have needed to deliver another 495,000 cars in the fourth quarter in order to hit the 50% growth target. Shares briefly shaved their after-market losses when Musk mentioned the buyback, only to see the stock lose even more ground after the company moved off its 50% sales growth target.

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