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Tesla CEO Elon Musk just got considerably richer, as the world’s wealthiest man saw the value of his flagship company reach an all-time high at $1 trillion, after the electric-vehicle (EV) maker landed a record order from Hertz.
Elon Musk is expected in court on Monday to testify about Tesla’s 2016 acquisition of another company he co-founded with his family, solar panel producer SolarCity.
Elon Musk has complained that a global chip shortage is disrupting Tesla’s supply chain, saying companies over-ordering microcontrollers is comparable to when people hoarded toilet paper in the early days of the pandemic.
Sometimes if you kick up a fuss you end up getting what you want – kind of. Just ask UFC lightweight contender Beneil Dariush, whose post-UFC 262 rant at Elon Musk has resulted in him finally getting his hands on a Tesla.
Despite his victory against Tony Ferguson at UFC 262 in Houston on Saturday night, Beneil Dariush did not sound like a happy man in the octagon after the fight.
Elon Musk escalated his confrontation with California, reopening the Tesla car factory in Fremont in defiance of local officials and saying he is ready to be arrested for it, after critics called him callous and even racist.
Hours after Tesla CEO Elon Musk said that he would pull the car maker’s plant from the Golden State, the company sued Alameda county, accusing officials of “defying” state laws by refusing to allow the facility to reopen.
Billionaire Elon Musk has vowed to sue local authorities “immediately” after his Tesla electric car factory wasn’t allowed reopen due to Covid-19 restrictions, and has warned he’s considering pulling out of California altogether.
If Elon Musk believes his freedom depends on wiping Tesla’s market value, he is now certainly far less constrained by the burden of worldly possessions. The company’s worth plunged $14 billion on his Friday tweets.