Tue, 21-Oct-2025

Tesla new car facilities, Musk says, are “losing billions of dollars”

Musk

Tesla’s factories in Austin, Texas and Berlin are “losing billions of dollars” as they struggle to increase production. Shortages of batteries and China port issues are the cause, he tells Tesla Owners Silicon Valley club The club is an official Tesla club; an official member of the car maker’s community. Tesla new car facilities, Musk … Read more

Elon Musk Unseated as the World’s Second Richest Person by Owner of Luxury Conglomerate

Arnault surpasses Musk

Elon Musk has been knocked off by luxury magnate Bernard Arnault from the second position in the world’s richest men rankings, reported by foreign media. As per Forbes’ real-time billionaires list, Bernard Arnault, CEO of French luxury conglomerate LVMH Mot Hennessy – Louis Vuitton has eclipsed Musk in terms of wealth. Until Tuesday morning, Musk’s … Read more

Tesla ensnares 200,000 orders despite gaffe at its launch

Tesla ensnares 200,000 orders despite gaffe at its launch

Tesla’s new electric pickup truck has secured almost 200,000 orders within three days of its launch. Tesla unveiled its maiden electric truck, also known as Cybertruck, at an event in Los Angeles, California last week. It is to be noted that Tesla chief Elon Musk, who has been regularly tweeting about the Cybertruck’s features since … Read more