USPS sued over new gas-powered delivery vehicles by UAW & states

The United Auto Workers union, sixteen states, and four environmental groups recently filed lawsuits against the United States Postal Service (USPS). The groups aim to stop the Postal Service’s plan to purchase and produce gas-powered delivery vehicles to update its fleet.  Background The USPS announced it would spend up to $11.3 billion on up to […]

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Tesla CEO Elon Musk offloads about $4B TSLA shares

Elon Musk reported selling about 4.4 million Tesla shares amounting to around $4 billion recently, according to several Form 4 SEC filings.  According to the SEC filings, Elon Musk filed five Form 4s. The filings were split into five forms due to the volume of transactions. The Form 4s covers 138 individual transactions that occurred […]

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SpaceX rapidly shipping upgraded Raptor engines to Starbase

SpaceX appears to have opened the floodgates and begun shipping upgraded ‘Raptor V2’ engines to Starbase en masse in preparation for crucial Starship and Super Heavy testing. The first functional Raptor engine delivery in around half a year and the first Raptor V2 delivery ever appeared to arrive at Starbase on March 30th. About a […]

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Elon Musk’s Twitter deal puts the pressure on Tesla stock

Elon Musk’s Twitter deal puts increased pressure on Tesla stock (NASDAQ: TSLA) and its shareholders, as the automaker’s price per share continues to spiral downward after losing nearly 13 percent of its value this week. Analysts are trying to decipher where Tesla’s long-term outlook points because of the deal, as short-term pressure is being applied […]

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Elon Musk’s 9.1% Twitter share purchase is being examined by FTC

Elon Musk’s initial purchase of Twitter stock, which the Tesla CEO said started at the end of January and continued until the beginning of April, is now reportedly being examined by the Federal Trade Commission (FTC). Musk purchased a 9.1 percent stake in social media platform Twitter over the period of several months. Initial reports […]

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