Tesla Chief Executive Elon Musk was due to resume testifying in his own defence on Wednesday at the trial for a defamation lawsuit filed by a British diver whom the Silicon Valley billionaire called “pedo guy” on Twitter.
Tesla Inc’s launch of its futuristic Cybertruck pickup suffered a setback when its “armoured glass” windows shattered but it was the overall look of the car that worried Wall Street on Friday, sending the company’s shares down 6% on Friday.
Tesla shares rose nearly 21% to $307.12 after hours on the unexpected news, crossing $300 for the first time since March 1 after record deliveries and cost cuts ensured a profitable third quarter.
General Motors Co plans to build a new family of premium electric pickup trucks and sport-utility vehicles at its Detroit-Hamtramck plant beginning in late 2021, possibly reviving the imposing Hummer brand on some of them, several people familiar with the plans said.
Tesla Inc Chief Executive Officer (CEO), Elon Musk and Alibaba Group Holding Ltd chairman Jack Ma, will speak at a conference on artificial intelligence (AI) to be held this week in Shanghai, an Alibaba spokeswoman said on Monday.