Elon Musk faces calls to resign over Walmart solar fires
Elon Musk is facing calls from short sellers to resign as Tesla chief executive over allegations that its solar panels caused numerous fires at Walmart stores. Tesla has come under…
Walmart sues Tesla after 7 of its stores catch fire
Walmart is suing Tesla over accusations that seven of its solar systems installed on top of stores have caught fire.
Tesla’s stock dipped more than one per cent after Walmart…
Tesla set to raise $2bn through stock offerings to keep its head above water
Tesla has announced plans to raise about $2 billion in capital through debt and stock offerings, as the car makers struggles to keep its head above water. Earlier this week…
Tesla expected to embark on fresh funding round as debt pressure grows
Tesla is beggining to feel the pressure of a growing debt pile and may soon need to embark on a further funding round to stay afloat. The electric car maker…
Tesla reports $702m loss in “one of the most complicated quarters” in its history
Tesla has reported a dramatic drop in profits for the first quarter of 2019, adding that it doesn’t expect to return to profit until the third quarter. For the first…
Amazon to launch thousands of satellites to provide high-speed internet anywhere on earth
Amazon is planning to launch thousands of satellites into orbit in an effort to provide high-speed internet to any place on earth. According to CNBC, the retailer is working on…
Tesla reports largest sales drop in its history as shares plummet
Tesla shares have dive-bombed as much as nine per cent this morning as the electric car maker revealed the largest decline in deliveries in its history. In the three months…
Microsoft expected to launch its own ecommerce platform to rival Shopify
Microsoft is reportedly considering breaking into the ecommerce market by launching its own version of Shopify. During an interview with The Information, the tech giant’s vice president of retail and…
Tesla will only shut stores which are “empty most of the day”
Tesla’s chief executive Elon Musk has sought to clear up the confusion surrounding its plans for store closures and its shift online making a U-turn on his original plans. In…
Tesla makes another U-turn on customer referral scheme
Tesla has made another dramatic U-turn on its consumer facing practices, announcing its set to bring back its referral programme after scrapping it in February. The electric car retailer scrapped…