Elon Musk Issues Apology for Not Meeting Piyush Goyal at Tesla Factory: “It was a Great Honor…”

The minister is in the US on a four-day visit. Commerce and Industry Minister Piyush Goyal visited the Tesla manufacturing facility at Fremont, California, and emphasized India’s role in contributing to Tesla’s exceptional journey. During his visit, he interacted with Indian engineers and financial professionals, but missed meeting Elon Musk. Despite Musk being unwell and …

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ExxonMobil Overtakes Tesla as Most Shorted Stock in Latest Report: Here are the Top 10 Stocks Investors are Betting Against

Elon Musk’s Tesla was the most shorted stock in the S&P 500 for four consecutive months before dropping to second in October, behind oil major ExxonMobil, HazelTree reported.Mario Tama/Getty Images ExxonMobil was the most shorted large-cap stock in the S&P 500 last month, according to HazelTree. Tesla and Apple followed the energy giant in the …

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Tesla China-made EV Sales Dropped by 2.6% in October: A Closer Look at the Market Performance

BEIJING/SHANGHAI (Reuters) – According to the China Passenger Car Association (CPCA), Tesla, the U.S. automaker, delivered 72,115 electric vehicles manufactured in China in October. Although this represents a 2.6% decrease from the previous month, sales of China-made Model 3 and Model Y cars saw a slight increase of 0.6% compared to the previous year. On …

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Tesla, Owned by Elon Musk, Witness Declining Profit Margins as Prices Reduced

Tesla’s aggressive price cuts have led to a decline in its quarterly gross margin, reaching a more-than four-year low. However, the electric car manufacturer remains committed to its annual production target, indicating a strong demand. In the third quarter, Tesla’s revenue, profit, and gross margin fell short of analysts’ expectations. Nevertheless, the company has expressed …

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Musk Raises Alarm Over Tough Hurdles Faced by Tesla Cybertruck: Production and Pricing Concerns Mount

Tesla CEO Elon Musk speaks at the debut of the Cybertruck in November 2019. AFP via Getty Images Tesla’s highly anticipated Cybertruck, an unconventional pickup truck designed with a distinct blocky look, is set to finally hit the market in November. However, CEO Elon Musk advises investors to manage their sales expectations due to the …

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