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Tesla stock recovers some lost ground as Elon Musk slashes prices once again

Tesla has cut the prices on some of its vehicles for the second time in months as it tries to address a sales slump affecting its financial prospects.

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Tesla profits drop 55% in Q1

Tesla has reported a 55% decline in profits to USD 1.13 billion for the first quarter (Q1), marked by a lengthy electric vehicle (EV) price-cutting strategy and various obstacles affecting the automaker's financial performance.

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Tesla surges on new auto announcement, lifting Nasdaq, Auto News, ET Auto

Tesla shares rocketed higher early Wednesday, lifting the Nasdaq after the carmaker's surprise announcement about new vehicles offset disappointing financial results. Shares of Elon Musk's electric vehicle company surged more than 10% as it pledged to "accelerate" production of more affordable autos, reassuring investors bemoaning lower profits and the company's fuzzy strategic outlook.

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Amazon yet to finalise application for satcom licence for Project Kuiper

Amazon trails rivals Starlink, OneWeb, and Jio in terms of service offerings. It has allocated over $10 billion to launch Kuiper, which involves deploying 3,232 satellites into low Earth orbit by 2029

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Filtronic Soars 50% on Major SpaceX Partnership for Starlink Satellites

Filtronic Plc's London trade increased after a partnership with SpaceX, granting Elon Musk's firm the option to buy up to 10% of Filtronic and a $19.7 million supply module contract.

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Grattan on Friday: Social media companies can't be immune from the need for a social licence

In the court of public opinion, Anthony Albanese’s rejection of the up-yours attitude of the man he labels an arrogant egotistical billionaire is Likely to resonate with many Australians.

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Mark Zuckerberg Faces $25B Wealth Drop As Big Tech Set for $350B Rout

Meta shares tumbled ahead of Thursday's opening bell, paving the way for a big chunk of Mark Zuckerberg's net worth to be erased.

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You Can Already Buy A Tesla For $25,000, They're Just Used

Don’t feel like waiting around to see if Tesla will actually make a cheaper EV? Just go find a used one.

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