Elon Musk will stand trial for allegedly defaming British cave explorer
A federal judge has rejected Elon Musk's attempts to get a defamation lawsuit against him thrown out, saying that Musk will have to stand trial for his comments. The suit is being brought forward by a British cave explorer who Musk referred to as a 'Pedo guy' over Twitter. Since the explorer is not a public figure, the bar for defamation is much lower.
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Thailand’s economic leadership crisis
Over the past few weeks, Thailand has lost many Government Ministers holding key positions, due to the coronavirus crisis. So far, six Thai ministers have resigned including Finance minister Uttama Savanayana. The country also lost Deputy Prime Minister Somkid Jatusripitak, whom the Reuters report referred to as an “economic policy czar.” Thailand’s economy depends heavily on tourism and coronavirus has thrashed all economic activities
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Elon Musk celebrates Tesla’s performance by trolling SEC and short-sellers
Tesla recently crossed Toyota’s market cap to become the world’s most valuable automaker, The shares of Tesla gained almost 200% this year and Elon Musk celebrated the performance of his company by trolling SEC and some short-sellers. "Tesla will make fabulous short shorts in radiant red satin with gold trim," Musk tweeted. "SEC, three-letter acronym, the middle word is Elon's," Musk said in a separate tweet
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Tesla beats Toyota to become the world’s most valuable automaker
American electric automaker Tesla became the world’s most valuable automaker on Wednesday when the electric vehicle company’s market capitalization surpassed Toyota’s for the first time. Shares of Tesla gained 5% to hit a new all-time high of $1,135, giving the company a valuation of roughly $206.5 billion, compared with Toyota’s valuation of about $202 billion
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Tesla Shanghai to produce 4,000 electric vehicles per week
Tao Lin, vice president of Tesla China said that Tesla Shanghai Gigafactory is expected to produce 4,000 electric vehicles per week by next month in an effort to exceed the production capacity. 4,000 units per week would result in Tesla producing roughly 200,000 electric cars per year at the plant. The Tesla executive also shed some light on the planned timeline to bring the Model Y to China
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electrek