Tesla: UK sales slump by £500m as profit slashed September 26, 2025 Sales at the UK arm of Elon Musk’s Tesla slumped by more than £500m as its profit was also slashed during its latest financial year. The division, which is headquartered in Manchester, has reported a revenue of £1.94bn for 2024, new accounts filed with Companies House show. The new figure comes after Tesla posted a [...]
Elon Musk’s payday could top $1tn with Tesla shares deal September 15, 2025 Elon Musk, already the world’s richest man, is at the centre of a corporate controversy after Tesla’s board proposed a $1tn (£820bn) compensation package – the largest in corporate history. The ten-year plan, designed to incentivise Musk to focus on his EV business, would reward the chief executive with 12 tranches of shares, if Tesla [...]
Musk threatens Apple with legal action in escalating feud with Altman’s OpenAI August 13, 2025 Elon Musk has threatened to sue Apple, accusing the iPhone maker of unfairly favouring ChatGPT developer OpenAI in its App Store rankings and listings. In a series of posts on X, formerly Twitter, the Tesla and SpaceX chief claimed Apple was making it “impossible” for any other AI company to reach the number one position [...]
Elon Musk’s Tesla makes bid to power UK homes August 11, 2025 Elon Musk’s Tesla has applied for a licence to supply electricity to UK homes and businesses, in a move that could see the world’s most famous electric car brand take on Britain’s energy giants as soon as next year. The application was filed late last month by Tesla Energy Ventures, the Manchester-based energy subsidiary of [...]
Tesla board awards Musk $29bn in shares August 4, 2025 The board of the world’s most valuable carmaker has approved the award of shares to chief executive Elon Musk worth a staggering $29bn (£21.7bn) in efforts to prevent the billionaire from leaving the firm. The new award by Tesla, which amounts to 96 million new shares, comes as part of a new pay deal, after [...]
Alphabet and Tesla to kick off pivotal week for the Magnificent Seven July 23, 2025 The high-stakes earnings season for the Magnificent Seven tech giants begins on Wednesday, as Tesla and Alphabet report after the closing bell. With both companies under pressure to justify elevated valuations and market leadership, their results could set the tone for the rest of the sector’s global heavyweights – and for equity markets more broadly. [...]
Exclusive: Ministry of Defence fends off fake invoices in battle against fraudsters July 22, 2025 The Ministry of Defence has dismissed more than a thousand invoices in each of the last three years in a warning sign that fraudsters are targeting government services. A Freedom of Information request has unveiled the extent of invoices given the red flag by the government and their total value. These can include claims for [...]
Tesla shares slide after Musk plots new political party in latest Trump snub July 7, 2025 Tesla has once again lost its status as a trillion-dollar company after the EV-maker’s stock slid on Monday on the back of CEO Elon Musk’s plans to launch a new US political party. Shares in the Nasdaq-listed business fell as much as 7.5 per cent in the opening minutes of trade in New York, giving [...]
Markets are ignoring global instability – but a reckoning looms July 3, 2025 Despite simmering political crises and looming economic risks, markets are riding a low-volatility sugar high – fuelled by central bank interventions – but the longer reality is ignored, the sharper the eventual correction, says Helen Thomas With markets taking an early summer holiday, basking in the glow of record highs for the S&P500, it can [...]
Trump threatens to deport Elon Musk amid spending bill feud July 1, 2025 President Donald Trump has escalated his public feud with Elon Musk, suggesting the country’s immigration enforcement system could be turned against the Tesla and Space X chief. This was triggered by Musk’s renewed attacks on the Republican-backed tax and spending ‘one big beautiful bill’ currently under Senate debate. Speaking to reporters on Tuesday while heading [...]