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Elon Musk's SpaceX purchases over 1,000 Cybertrucks as demand plummets: 'You have to wonder what other tricks they pulled'

Elon Musk's SpaceX has purchased over 1,000 Cybertrucks from Tesla, potentially generating $80 million to $160 million in sales for Tesla. This move comes as demand for Cybertrucks declines, raising questions about SpaceX's motives.

MSN·
US
TSLA
-0.45%
US
TSDD
+0.95%
US
TSLL
-1.03%
MSN·
US
TSLA
-0.45%
US
TSDD
+0.95%
US
TSLL
-1.03%

Elon Musk gets a win in the long-running legal battle over his Tesla pay

Elon Musk's 2018 Tesla pay package, previously rejected by a Delaware court, has been reinstated following an appeal. The Delaware Supreme Court ruled that the prior rejections were too harsh, noting Musk's full performance under the grant. Musk was awarded $1 in nominal damages, and shareholders have approved a new pay package that could make him a trillionaire if Tesla achieves ambitious milestones.

Dow Jones·
US
TSLA
-0.45%
US
TSDD
+0.95%
US
TSLL
-1.03%
Dow Jones·
US
TSLA
-0.45%
US
TSDD
+0.95%
US
TSLL
-1.03%

Tesla rental fleet that bought into Elon Musk’s self-driving lies goes bankrupt due to depreciation

Dutch leasing company Mistergreen, which operated a "Tesla only" fleet, is reportedly facing bankruptcy. The company's financial collapse is attributed to its reliance on Elon Musk's claims that Tesla vehicles would become appreciating assets and future robotaxis. However, Tesla's price cuts and unmet promises have led to significant depreciation in the used EV market, forcing Mistergreen to sell off operations and wipe out bondholders.

Electrek·
US
TSLA
-0.45%
US
TSDD
+0.95%
US
TSLL
-1.03%
Electrek·
US
TSLA
-0.45%
US
TSDD
+0.95%
US
TSLL
-1.03%

Former Patagonia CEO Rose Marcario resigns from Rivian’s board

Former Patagonia CEO Rose Marcario resigns from Rivian's board to focus on other commitments, effective January 1. Her departure reduces the board from eight to seven members. Marcario will continue as chair of the Rivian Foundation's board of trustees. Rivian thanks her for her service and anticipates her ongoing leadership in the foundation.

TechCrunch·
US
RIVN
+10.70%
TechCrunch·
US
RIVN
+10.70%

Rivian Automotive (NASDAQ:RIVN) Trading Up 10.7% After Analyst Upgrade

Rivian Automotive (NASDAQ:RIVN) shares surged 10.7% after Wedbush raised its price target from $16.00 to $25.00, maintaining an outperform rating. The stock traded as high as $22.64 with a significant increase in trading volume. Other analysts have mixed ratings, with some upgrading their targets. Insider trading activity included sales by Director Peter Krawiec and CFO Claire Mcdonough. Positive sentiment is driven by Rivian's AI and autonomy advancements, while some concerns remain about profitability and insider sales.

Market Beat·
US
RIVN
+10.70%
Market Beat·
US
RIVN
+10.70%
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