Tesla is now worth $110 billion less than weight loss drug maker Eli Lilly
Tesla has lost $210 billion of market value in 2024 while Eli Lilly gained $140 billion, as investors trade ditch their EV optimism for the GLP-1 craze.
Tesla
Tesla stock sinks to 9-month lows as Musk controversies leave ‘black cloud’
Uninspiring earnings and a “black cloud” from Elon Musk drama have sent Tesla shares down 27% in 2024.
Musk says Tesla will hold shareholder vote ‘immediately’ to move company’s incorporation to Texas
The billionaire justified the decision on the results of an unscientific poll run on his X account a day earlier.
Hundreds of Teslas recalled over breach of Australian safety regulations
A change to the design of new Tesla Model 3 vehicles means that infant or child car seat restraints cannot be securely attached, according to the Australian Department of Infrastructure and Transportation.
Judge voids Elon Musk’s eye-watering US$56 billion pay package from Tesla
Tesla shares dropped around 2% in after-hours trading following the ruling.
‘Not even trace amounts’: Elon Musk’s alleged drug use sparks concern among Tesla, SpaceX execs
The billionaire claimed he has been taking random drug tests since he smoked marijuana on an episode of the “Joe Rogan Experience.”
A Tesla cofounder is electrifying off-road vehicles, starting with dirty lawnmowers
At Dimaag-AI, Ian Wright sees a big opportunity to electrify landscaping equipment as California bans the sale of new gasoline- and diesel-powered devices.
Rivian stock falls as EV deliveries lag as Tesla beats expectations
Rivian vehicle deliveries fell short of expectations while Tesla beat expectations in a challenging electric vehicle market.
Tesla recalls more than 2 million cars in US to fix autopilot flaw
According to the National Highway Traffic Safety Administration, Tesla’s Autopilot driver assistance feature lacks sufficient controls to “prevent driver misuse.”
The car might be – but the business case for Musk’s Cybertruck isn’t bulletproof
Dubious environmental benefits aside, billionaire Elon Musk’s polarising Cybertruck may be a strategic misfire given its price, big R&D costs and murky sales outlook.