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After Criminal Probe, SEC will bring a legal suit against Musk

After Criminal Probe, SEC will bring a legal suit against Musk

The Security and Exchanges Commission is bringing forth legal action against Elon Musk. The SEC claims that Musk’s carelessness, erratic behavior and misleading of customers/investors about receiving funding are reasons for this lawsuit as the..

SpaceX Will Send a Japanese Billionaire as First Private Tourist to the Moon

SpaceX Will Send a Japanese Billionaire as First Private Tourist to the Moon

Japanese billionaire Yusaka Maezawa has signed with SpaceX to fly around the moon on the Company’s next generation rocket, according to an announcement from Chief Executive Officer Elon Musk on Monday.Maezawa will launch aboard a Big Falcon Ro..

Tesla Shares Dip After Saudi Arabia Invests USD 1 Billion in Lucid Motors

Tesla Shares Dip After Saudi Arabia Invests USD 1 Billion in Lucid Motors

Shares of Tesla Inc. (NASDAQ: TSLA) slid as much as 2% after Saudi Arabia's public investment firm announced a USD 1 Billion investment in rival Lucid Motors.The Kingdom's Public Investment Fund had previously been in talks with Tesla around..

Tesla Shares Edge Lower After Musk Drops Two Car Colors

Tesla Shares Edge Lower After Musk Drops Two Car Colors

Tesla Inc. (NASDAQ: TSLA) shares edged lower on Tuesday after Chief Executive Officer Elon Musk tweeted late Monday night that the Company will have two of its vehicle color options at a special request for a higher price.“Moving 2 of 7 Tesla ..

Estee Lauder tops Q4 Earnings and Revenue Estimates

Estee Lauder tops Q4 Earnings and Revenue Estimates

Estee Lauder Cos Inc. (NYSE: EL) beat quarterly profit and sales estimates on Monday, August 20TH, 2018 as customers purchased more of its Clinique and La Mer skincare products at duty free stores, online and beauty retailers.Following the report, s..

Tesla cuts 9% of its workforce for profit

Tesla cuts 9% of its workforce for profit

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk, in an email to employees, wrote “Tesla has grown and evolved rapidly over the past several years, which has resulted in some duplication of roles and some job functions that, while they made sense in th..

Daimlers Fight For Dominance in the Electric Car Buisness

Daimlers Fight For Dominance in the Electric Car Buisness

Feeling the heat from Elon Musks all-electric battery powered Tesla Inc (NASDAQ: TSLA) Semi’s revealed in November, German company Daimler (DAI), one of the worlds biggest truck-maker companies and best known for its Mercedes brand, has d..