Tesla founder Elon Musk, who recently inked a deal to buy Twitter Inc., has now threatened to walk away from the deal.
Tesla chief Elon Musk has now claimed that the company will have self-driving cars without any need for human drivers by the next year, according to reports.
Tesla shares lost one third of their value since Musk disclosed his stake in Twitter in early April and sold $8.5 billion worth of Tesla stocks in a move seen to help finance his $44-billion Twitter deal.
Collectively, the combined global production of battery electric vehicles by all automakers is forecast to only reach 32 percent by 2029.
Other automakers and executives including Carlos Tavares, the CEO of Tesla rival Stellantis NV, have warned the auto industry faces a metals supply shortage.
Amazon, Uber and even the bank Citigroup have all announced they will cover the additional costs that the Texas legislation might cause for their employees.
Global EV sales more than doubled to 4.2 million vehicles in 2021 from just over 2 million in 2020.
The social media company had 229 million users who were served advertising in the first quarter.
Twitter's efforts to deal with harassment, misogyny and misinformation might take a backward step under Musk.
Twitter's shares also slid on Tuesday, falling 3.9% to close at $49.68 even though Musk agreed to buy it on Monday for $54.20 per share in cash.
The California-based platform has been dogged by complaints from conservatives that it was biased against them
Agrawal also told employees there were no plans for layoffs.
Twitter has not yet decided if it will explore a sale to put pressure on Musk to raise his bid
American electric vehicle maker Tesla also started accepting Dogecoin as payment for its merchandise.
SpaceX has sought regulatory approval from the U.S. Federal Communications Commission to operate Starlink on airplanes and shipping vessels
Shares of Twitter fluctuated Thursday, finishing at $47.08, up 0.8 percent but far below the $54.20 price in Musk's offer.
Tesla CEO Elon Musk, in an interview with TED curator Chris Anderson, opened up about his hopes for the future and the reasons why he wants to buy micro blogging platform Twitter.
Several factories in Europe have had to go idle due to the lack of cables, with Volkswagen temporarily suspending production at a number of German sites.
A closely watched focus of analysts has been the impact of Covid-19 lockdowns on Tesla's Shanghai plant.
Musk is trying to nullify his settlement with the SEC, accusing the agency of harassing him with investigations.
Musk said he felt forced to settle with the SEC because banks threatened to cease providing capital if he did not do so
The lawsuit seeks unspecified compensatory and punitive damages.
