Tesla now S&P 500’s worst performing stock YTD, Musk becomes world’s third-richest

By Simon Alvarez Posted on March 14, 2024 Tesla stock (NASDAQ:TSLA) has seen some pressure this 2024, with the electric vehicle maker seeing a 4.54% drop on Wednesday. With this, TSLA has become the worst-performing stock in the S&P 500 index this 2024 so far. It has also resulted in CEO Elon Musk, whose net …

Rivian adopts well-known Tesla strategy in R2 to combat range loss

By Joey Klender Posted on March 13, 2024 Rivian is adopting a well-known strategy for its new R2 platform that Tesla uses in vehicles to combat range loss: a heat pump. A few years back, Tesla managed to develop the heat pump for its EVs, which essentially used heat produced by the car and funneled …

This petition urges the NHTSA to stop calling OTA updates ‘recalls’

By Zachary Visconti Posted on March 12, 2024 One Tesla shareholder has launched a new petition encouraging the National Highway Traffic Safety Administration (NHTSA) to change the language surrounding safety recalls that are fixed with an over-the-air (OTA) software update. On Tuesday, Sawyer Merritt announced on X that he has launched a petition to urge …