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Elon Musk is taking a break from Twitter ‘for a while’

February 2, 2021 by Arhama Altaf

World’s top most billionaire Elon Musk will be taking time from Twitter “for a while”, he announced on Twitter.

Elon Musk overtook Amazon boss Jeff Bezos to become the world’s wealthiest person last month with a fortune estimated at $185 billion.

“Off Twitter for a while,” the Tesla and SpaceX founder told his 44.5 million followers on Twitter.

However, the reason for this decision is still unclear.

Off Twitter for a while

— Elon Musk (@elonmusk) February 2, 2021

Earlier, He tweeted last week in support of a group of retail investors on website Reddit who had coordinated to buy shares in Gamestop, a struggling games company, pushing the chain’s share price up by more than 680%.

He had also added more than $100 billion to his net worth in 2020 had passed Bill Gates as the world’s second-richest person.

Musk’s year of dizzying ascents and jagged peaks hit a new apex as he overtook Bill Gates to grab the world’s second-richest ranking.

The founder of Tesla’s net worth soared $7.2bn on Mon to $127.9bn, driven by another surge in Tesla’s shares. Musk had added $100bn to his worth.

Tesla employee accused of tipping reporters; to pay $400,000 to end lawsuit

December 1, 2020 by Arhama Altaf

Former Tesla employee ordered to pay $400,000 after allegedly accused of tipping reporters about production inefficiencies and delays

According to the details, the payment by Martin Tripp, a former process technician at Tesla’s Gigafactory, was part of a settlement detailed in a Monday filing with the federal court in that city.

Tesla and Musk became embroiled in a public dispute with Tripp in June 2018, when it fired and then sued him.

Earlier in September, the judge dismissed Tripp’s defamation counterclaim over statements from Tesla, including an email to employees where Elon Musk accused him of “sabotage”.

According to the court filing, the accused did not contest Tesla’s claims that he stole trade secrets, and acknowledged that his counterclaims were funded by a short seller of Tesla stock.

Moreover, the Electric-Car maker had recorded a major profit spike of a fifth quarter in a row despite the pandemic.

Tesla said it made $8.7 billion revenue in the three months to September, as deliveries rose 54%.

The firm said it still hoped to meet its goal of delivering more than 500,000 vehicles this year but warned this had “become more difficult”. Analysts also warned the firm faced mounting competition.

So far, Tesla has delivered fewer than 32,000 cars to customers this year – but nearly half of those – 139,593 – came in the three months ended 30 September.

That was up 54% from the prior quarter and 44% year-on-year.

However, the carmaker automatically rose to a profit of $311 million – more than double what it made during the same period last year.

Tesla breaks revenue record despite the pandemic

October 22, 2020 by Arhama Altaf

The Electric-Car maker Tesla has recorded a major profit spike of a fifth quarter in a row despite the pandemic.

Tesla said it made $8.7 billion revenue in the three months to September, as deliveries rose 54%.

So far, Tesla has delivered fewer than 32,000 cars to customers this year – but nearly half of those – 139,593 – came in the three months ended 30 September.

That was up 54% from the prior quarter and 44% year-on-year.

However, the carmaker automatically rose to a profit of $311 million – more than double what it made during the same period last year.

The firm’s successful streak has not gone unnoticed by investors who spent years lamenting the firm’s lack of profits.

Shares in the firm have more than quadrupled in value since the start of the year – and climbed higher in after-hours trade on Wednesday.

Tesla’s Elon Musk approaches a $1.8 billion windfall gain

July 9, 2020 by Arhama Altaf

Tesla’s blistering stock rally is putting Chief Executive Elon Musk in reach of a payday potentially worth $1.8 billion, his second jackpot from the electric car maker in about two months.

According to the details, shares of Tesla have surged over 40 percent in the past seven sessions, elevating the company’s market capitalization to $259 billion.

Tesla’s six-month average market capitalization has reached a record $138 billion.

Hitting a six-month average market capitalization of $150 billion would trigger the vesting of the second of 12 tranches of options granted to the billionaire to buy Tesla stock as part of his 2018 pay package.

Astronauts enter space station via private air craft for the first time

June 1, 2020 by Aizbah Khan

For the first time in the history of human and space research, two American astronauts reached at the International Space Station on the evening of May 31 in a commercially made aircraft. The two astronauts who arrived at the International Space Station, Bob Behnken and Dough Hurley, left the Kennedy Space Station in California on … Read more

Elon Musk’s SpaceX launches NASA Astronauts into orbit

May 31, 2020 by Arhama Altaf

The SpaceX launch is the first of American astronauts from US soil since the space shuttle program ended in 2011 and the first crewed flight ever by a private company. “I’m really quite overcome with emotion,” Elon Musk said. “It’s been 18 years working towards this goal. “This is hopefully the first step on a … Read more

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