Elon Musk to Unveil ‘Robotaxi’ on August 8
Elon Musk, the CEO of Tesla, has announced the long-anticipated ‘robotaxi’ unveiling on August 8, sparking excitement and curiosity. Despite previous projections, experts remain skeptical about Tesla’s self-driving capabilities. As the date approaches, all eyes are on Tesla to see if the company will deliver on its promise of a fully autonomous vehicle.
Tesla, Inc. (NASDAQ:TSLA) Insider Sells 10,500 Shares
Tesla, Inc. (NASDAQ:TSLA) saw insider selling as Senior Vice President Andrew D. Baglino sold 10,500 shares at an average price of $176.20. With a market capitalization of $544.95 billion, Tesla reported $0.71 earnings per share in its last quarterly report, falling short of the consensus estimate. Institutional investors and equity research analysts have been actively involved in trading TSLA stock.
Elon Musk Announces Tesla’s Robotaxi Product Unveiling
Elon Musk announced on social media that Tesla will unveil its robotaxi product on August 8, causing shares to rise over 3%. Despite previous claims, Tesla has yet to deliver a robotaxi or fully autonomous vehicle. With other companies already in the autonomous vehicle market, the anticipation for Tesla’s announcement is high.
Is Tesla Overvalued Compared to Chinese EV Competitors?
As competition in the EV market heats up, Tesla (NASDAQ:TSLA) is facing challenges in justifying its valuation premium. With slowing growth and expensive multiples compared to its Chinese peers like BYD, LI, NIO, and XPEV, some analysts are bearish on Tesla’s outlook. The company’s slowing revenue growth, declining margins, and high PEG ratio of 3.8 suggest that Tesla may be overvalued in the medium term.
Elon Musk’s Secret Gambling Technique
Elon Musk’s father, Errol Musk, revealed that he taught his sons, Elon and Kimbal, a secret gambling technique at a young age, leading to Elon winning $42,000 on roulette years later. This sheds light on a lesser-known aspect of Elon Musk’s upbringing and early experiences with risk-taking and strategy.
Elon Musk Reveals Prescription Ketamine Use for Managing Depressive Episodes
Elon Musk, CEO of Tesla and SpaceX, disclosed in an interview that he uses prescription ketamine to manage his occasional depressive episodes. Musk claims the drug has been beneficial for investors in his companies, helping him stay in a positive frame of mind. This revelation sheds light on his personal approach to managing mental health and its impact on his role as a business leader.
Elon Musk Donates $30M to Cameron County, Texas
Elon Musk, CEO of Tesla and SpaceX, has made a significant charitable donation to Cameron County, Texas, following a SpaceX rocket explosion in the region. Musk’s $20M pledge to Cameron County schools and $10M to City of Brownsville for downtown revitalization has sparked discussions about the impact of corporate giving and the influence of high-profile figures on local communities. This intersection of wealth, technology, and community development sheds light on the complexities of corporate giving and its implications for underprivileged regions.
Lady Gaga Spotted in Tesla Cybertruck at Whole Foods
International pop sensation Lady Gaga was spotted in a Tesla Cybertruck, sparking social media buzz. It’s unclear whether the truck belongs to her or her boyfriend. The Cybertruck has been associated with other high-profile figures, and despite criticism, its unique design has made it a status symbol. Lady Gaga’s appearance adds her to the list of A-listers seen in the Cybertruck, highlighting the power of celebrity endorsements in shaping public perception.
Tesla board remains silent after court ruling on Elon Musk’s pay package
Delaware court rules that Tesla must rescind Elon Musk’s $56 billion pay package, but the company’s board remains silent. Musk lashes out at the court and plans to hold a shareholder vote to move Tesla’s site of incorporation to Texas. Shareholders await answers as Tesla’s board stays silent, avoiding public comments.
Tesla Owner Caught Driving with VR Headset
People are flooding to social media in shock after seeing a video of a Tesla owner driving while seemingly wearing a VR headset. It should really go without saying, but don’t try this at home, the road, or anywhere else…