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Tesla Stock Plunges — And Delivers a Mega-Billion-Dollar Hit to Musk’s Fortune

Tesla Stock Plunges — And Delivers a Mega-Billion-Dollar Hit to Musk’s Fortune

Sometimes you can’t wait for the day to end, and that’s probably the case for Tesla investors who watched the stock stumble since the automaker delivered a weak third-quarter earnings report, sending shares tumbling for two days in a row. Among those hardest hit, CEO Elon Musk whose own holdings have now lost more than $20 billion in value.

GM, Honda Set to Unleash Cruise Robocabs on Tokyo

GM, Honda Set to Unleash Cruise Robocabs on Tokyo

Any foreigner who has tried to negotiate Tokyo’s narrow, windy and painfully crowded roads knows what a challenge that can be. But General Motors and Honda say they’re confident they’ve got a better way to navigate traffic, with the partners set to launch service by Cruise robotaxis in Japan’s capitol starting in 2026.

Nissan Hyper Punk Concept Merges Traditional Origami with the Edgy Manga Lifestyle

Nissan Hyper Punk Concept Merges Traditional Origami with the Edgy Manga Lifestyle

The Nissan Hyper Punk is easily the edgiest of four EV concepts the automaker will formally reveal at the Japan Mobility Show in Tokyo next week. The body looks like it emerged from an origami studio. But the Hyper Punk concept could easily find a fit in Japanese manga – or, as it turns out, the Fortnite online game.

GM Tells UAW: Enough is Enough. There’s No More to Give

GM Tells UAW: Enough is Enough. There’s No More to Give

GM manufacturing chief Gerald Johnson took an end run around UAW leaders by providing striking workers a detailed look at the company’s latest contract offer. “These are not poverty wages,” he stressed, noting many union employees will make over $100,000 before benefits. GM, Johnson stressed, simply can’t offer any more if it hopes to remain competitive.

Tesla Cybertruck a Bust? “We Dug Our Own Grave,” Says Musk

Tesla Cybertruck a Bust? “We Dug Our Own Grave,” Says Musk

Within a week of its 2019 launch, Tesla claimed to have logged 250,000 advance reservations for the Cybertruck, and CEO Musk claims the number is now up to 1 million. Yet, even with the all-electric pickup finally in production, it very well could turn into a bust, CEO Elon Musk telling investors and analysts “We dug our own grave with the Cybertruck.”

Price Cuts Tamp Down Tesla Third Quarter Results

Price Cuts Tamp Down Tesla Third Quarter Results

The impact of Tesla’s price cuts hit home in the third quarter as its earnings fell on a year-over-year basis. Perhaps more importantly, more price cuts are expected to come in the fourth quarter at the company pushes to meet its goal of delivering 1.8 million vehicles globally. More cuts means a tough final quarter — fiscally anyway. Details at Headlight.News.