updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131hustle domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131wpforms-lite domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131Tesla has cut prices after it announced a slowdown in deliveries. The company said the decline was caused by factory upgrades.
Tesla Inc (NASDAQ: TSLA) has reduced US prices of its Model Y and Model 3 cars following third-quarter delivery figures that did not meet expectations.
According to the company’s website, the starting price for the Model 3 is $38,990, lower than the previous $40,240 listing. The long-range version dropped from $45,990 to $47,240, while the Model 3 was reduced from $53,240 to $50,990. Tesla also reduced its Model Y sports utility vehicle (SUV) from $54,490 to $52,490.
On Monday, Tesla published a report for the third quarter of 2023, highlighting production and delivery figures. For Models 3 and Y, Tesla said it produced 416,800 in the quarter and delivered 419,074. Overall, Tesla manufactured a total of 430,488 electric vehicles and delivered 435,059. Unfortunately, these deliveries did not meet Wall Street expectations. Analysts surveyed by StreetAccount had put deliveries at 461,640.
In the vehicle production and deliveries report, Tesla said the volume decline was due to “planned downtimes for factory upgrades.” However, the company said its 1.8 million target for total deliveries in 2023 remains unchanged. During the company’s July earnings call, CEO Elon Musk predicted a production decline because of factory upgrades. At the time, he also reiterated the target for total deliveries in 2023.
Tesla categorizes deliveries into Model 3 and Y, and Model S and X vehicles. The company announces figures for each category but does not report numbers for individual models. Also, the company does not publicize figures for deliveries by region.
Since the end of 2022, Tesla began reducing car prices across multiple regions to maintain demand. The company hopes price reductions will help attract more buyers as consumer spending decreases and EV competition increases.
Last month, Turkish President Recep Tayyip Erdogan invited Elon Musk to consider setting up a Tesla factory in the country. The pair met in New York, where Erdogan was attending the United Nations General Assembly.
According to reports, Erdogan and Musk spoke at the Turkish House in Manhattan, where the President noted the success of Turkey’s Togg EV maker. Erdogan reportedly told Musk that Tesla would thrive considerably well in the region if Musk decided to put the company’s next factory in Turkey. In addition to the invitation, Erdogan suggested a collaboration between Musk’s space exploration company SpaceX, and Turkey’s space program. Furthermore, the Turkish President asked Musk to join Turkey’s aviation, aerospace, and technology festival Teknofest, which runs from late September to October.
Musk reportedly responded by stating an interest in the Turkish market. He also noted that the company was already working with Turkish suppliers and that Turkey is a strong consideration for the company’s next factory. The CEO had previously expressed an intention to choose the location of Tesla’s new factory by the end of 2023. A new factory in Turkey may be advantageous for the region and also spread production demands weighing on running factories.
Tolu is a cryptocurrency and blockchain enthusiast based in Lagos. He likes to demystify crypto stories to the bare basics so that anyone anywhere can understand without too much background knowledge.
When he’s not neck-deep in crypto stories, Tolu enjoys music, loves to sing and is an avid movie lover.
The downtime for the Tesla factory upgrades caused the decline in production and deliveries of electric vehicles in the third quarter compared to the second and first quarters.
Tesla Inc (NASDAQ: TSLA) shares closed Monday trading at $251.60, up 0.55 percent from the day’s opening price. The slight gain added to the impressive YTD performance amid high-impact news. Before the close of Monday’s trading session, Tesla announced the third quarter (Q3 2023) results for its electric vehicle production and deliveries. According to the announcement, Tesla produced a total of 430,488 electric vehicles during the third quarter and delivered 435,059 units to customers. The company’s model 3/Y continued to record the highest demand compared to model S/X.
Notably, model 3/Y recorded a production of 416,800 and delivered 419,074 to customers during the third quarter. The company announced Model S/X recorded 13,688 in production and delivered 15,985 to customers during the third quarter.
The company’s production and deliveries did not, however, meet Wall Street’s expectations. According to a survey conducted on Wall Street analysts by StreetAccount, Tesla was expected to deliver 461,640 electric vehicles during the quarter that ended on September 30. Nonetheless, the company is optimistic of hitting its annual production and deliveries target of about 1.8 million units.
“A sequential decline in volumes was caused by planned downtimes for factory upgrades, as discussed on the most recent earnings call,” the company noted. “Our 2023 volume target of around 1.8 million vehicles remains unchanged.”
As a leading electric vehicle company with about $794 billion in market capitalization, Tesla has managed to outperform its competitors amid a global transition from combustion engines to full or hybrid models. Notably, the company promised to release its financial results for the third quarter on October 18.
The company opted to omit the production details for its class 8 semi-electric truck despite the noted deliveries to some of its customers including PepsiCo Inc (NASDAQ: PEP). Meanwhile, Tesla has opened orders for its Cubertruck with a refundable $100 and option to customize the unit as production nears.m
Tesla is, however, facing intense competition from upcoming electric vehicle companies, especially from China. For instance, NIO Inc (NYSE: NIO) has more than seven models with competitive performance features and pricing. As a result, Tesla has been compelled to constantly lower its prices to remain competitive and relevant in the global markets.
Additionally, Tesla has continued to expand its charging stations, sharpen its battery production, and improve on its auto software used in the car models. The company has also enjoyed the Federal tax credits including a $7.5k for the new model 3, model Y, and certain mode X after December 31.
Let’s talk crypto, Metaverse, NFTs, CeDeFi, and Stocks, and focus on multi-chain as the future of blockchain technology.
Let us all WIN!
Tesla is faced with heightened competition in many parts of the world, which made the company consider cutting prices this year.
Shares of electric vehicle maker Tesla Inc (NASDAQ: TSLA) pumped almost 7% on Monday as the company reported solid figures for Q2 deliveries and productions. The company recorded stronger-than-expected numbers after cutting prices to boot sales. Tesla reduced its prices in selected markets such as China, the US, and the US. At the time of lowering costs, CEO Elon Musk said seeking higher sales with lower profits seems the perfect choice for the company.
For Q2, which ended on June 30, 2023, Tesla deliveries were 466,140 vehicles. The deliveries are over 20,000 cars above analysts’ expectation of 445,925. In addition to the discounts that fueled the delivery numbers, a $7,500 federal tax credit under Inflation Reduction Act in the US also propelled the figures. Tesla also said it upped its vehicle production to almost 480,000 within three months. In reaction to the Tesla Q2 deliveries and productions, the founder and chief executive of advisory firm Automobility, Bill Russo, said, “Tesla has made a strategic choice to be a volume manufacturer.” He also mentioned that Model 3 and Model Y benefited from the price cut, which triggered the sales increase.
Wedbush analysts Dan Ives also weighed in on how Tesla did in Q2 concerning deliveries and production. He commended the EV maker for lowering the price in China, referring to it as a “smart poke move that was massively successful for Tesla”.
Tesla is faced with heightened competition in many parts of the world, which made the company consider cutting prices this year. After acknowledging that lower prices have affected its products, the manufacturer said in April that it did not have plans to stabilize the prices of its vehicles. The CEO said the purpose of bringing the prices down is to “enable affordability at scale”.
Meanwhile, Li-Auto also said its deliveries hit an ATH of 32,575 in June. The company saw its third consecutive monthly sales record last month. At the same time, Shanghai-based Nio and Guangzhou-based Xpeng also reported high deliveries in June. While Nio delivered 10,797 vehicles, Xpeng’s deliveries grew to 8,620.
Following the company’s poor financial performance in 2022, Tesla shares have rebounded and consistently increased. The EV giant has grown 127.16% since the year began and is up 23.13% over the past year. The company also gained 43.67% in the three months and another 28.59% over the past month. In the last five days, TSLA has added 16.08%.
In the after-hours session, Tesla stock is down 0.34% to $278.87 after closing up 6.90% to $279.82.
Ibukun is a crypto/finance writer interested in passing relevant information, using non-complex words to reach all kinds of audience.
Apart from writing, she likes to see movies, cook, and explore restaurants in the city of Lagos, where she resides.
Xpeng is hoping that its new car would help improve the company’s losses even as it has recorded a return to quarterly growth in deliveries.
Shares of Chinese electric vehicle (EV) maker Xpeng Motors (NYSE: XPEV) rose following the company’s report of car deliveries, signifying a quarterly return to growth. XPEV climbed 11% in response to the news of growth, after continuous declines for over a year.
According to data from MarketWatch, Xpeng shares listed in the US have climbed 42.84% over the last five days and 71.73% in a month. The shares have also seen a 31.92% increase in 3 months and nearly 46% year-to-date (YTD). However, its 1-year performance shows a 52% plunge.
On Saturday, Xpeng revealed a 27% quarterly increase in car deliveries for the year’s second quarter, at a total of 23,205. The figure is higher than the company’s forecast set in May – to deliver between 21,000 and 22,000 cars.
Xpeng said it delivered 8,620 cars in June, a 15% increase from May. June’s figure is the year’s highest so far.
Xpeng launched its new G6 Ultra Smart Coupe SUV at the end of Q2 and expects deliveries to begin soon. The company hopes that sales would help shore up some of its losses.
Xpeng stock fell in May after the company released Q1 earnings and a modest forecast for deliveries. The company reported that its Q1 revenue fell 50% year-over-year (YoY). Xpeng’s income was 4.03 billion Chinese yuan, about $571.6 million at the time, much lower than analysts’ expectation of 5.19 billion yuan. The EV maker also reported its expected net loss was 2.34 billion yuan, more than 18% higher than the expected 1.9 billion.
At the time, Chairman and CEO Xe Xiaopeng said he made a few decisive changes to the company’s organizational structure, senior management team, and strategy. He expressed confidence in the changes, stating they would drive product sales growth, customer satisfaction, team morale, and brand reputation.
Since the first quarter of 2022, Xpeng has suffered declines in deliveries each quarter. A lot of the company’s poor performance results from macroeconomic headwinds in China. The company is suffering mixed consumer spending because of an economy recovering from the effects of COVID-19 restrictions.
Xpeng is also facing fierce competition from other EV makers, including Tesla (NASDAQ: TSLA) and BYD. Last October, Tesla cut prices for its Model 3 sedan and Model Y SUV in China. At the time, the company said it cut prices because it had earlier increased them following a rise in the cost of raw materials.
In January this year, Tesla announced further price reductions in China for both cars amid growing competition. The company then announced a price cut in the US in March and a further reduction in April. However, in early May, Tesla hiked prices for its Model S and Model X vehicles by 19,000 yuan, about $2,751.
In June, EV maker Nio cut prices by nearly $4,200 even though CEO William Li claimed the company would not join a “price war”.
Tolu is a cryptocurrency and blockchain enthusiast based in Lagos. He likes to demystify crypto stories to the bare basics so that anyone anywhere can understand without too much background knowledge.
When he’s not neck-deep in crypto stories, Tolu enjoys music, loves to sing and is an avid movie lover.
China’s Xpeng shares were trading lower in US pre-trade after the EV company forecast significantly lower vehicle deliveries for Q2.
The shares of Chinese electric vehicle (EV) giant XPeng Motors (NYSE: XPEV) slid 5% following missed Q1 earnings and a gloomy delivery forecast.
Xpeng shares sank in US pre-market trade after the company reported a 50% year-over-year (YoY) decline in Q1 revenue. The company raked in income of 4.03 billion Chinese yuan ($571.6 million) compared to the 5.19 billion yuan analysts expected. For the first quarter of 2023, the Chinese Tesla rival also sustained a net loss of 2.34 billion yuan versus the 1.9 billion expected. Xpeng’s latest quarterly deficit exceeded the 1.7 billion yuan loss suffered in the same quarter last year.
Xpeng Chairman and Chief Executive Officer He Xiaopeng weighed in on the company’s quarterly performance, saying:
“During the first quarter of 2023, I made changes to our strategy, organizational structure, and senior management team decisively. I am fully confident in taking our company into a virtuous cycle, driving product sales growth, team morale, customer satisfaction, and brand reputation over the next few quarters.”
With shares currently trading at $9.11, Xpeng forecast at most 22,000 vehicle deliveries in Q2. The company’s latest restrained delivery guidance of between 21,000 and 22,000 EVs represents a 36.1% to 39.0% YoY decrease. Additionally, Xpeng’s second-quarter forecast revenue of between 4.5 billion yuan and 4.7 billion yuan is a 36.8% to 39.5% YoY drawdown.
However, He remained optimistic about the company’s prospects, especially regarding its soon-to-be-released G6 SUV. The EV rolls off the assembly line next month, and the Xpeng CEO believes it will become a popular, best-selling model in China.
Meanwhile, Xpeng Honorary Vice Chairman and Co-President Hongdi Brian Gu stressed the company’s commitment to achieving sustained profitability in a saturated market. Gu said:
“[As we advance], our top priority remains to accelerate growth in sales and market share. As the upcoming G6 launch and other new product launches fuel rapid sales growth, we expect our cash flow from operations to improve significantly.”
Xpeng’s recent less-than-stellar performance is due to debilitating macroeconomic parameters in China. This includes mixed consumer spending in an uneven economy still recovering from stringent Covid protocols. In addition, the Guangdong-based EV maker has also ceded some market share to rising competition from other EV companies. Xpeng’s competitors range from local to international, including China’s BYD, Li Auto, Nio, and the US Tesla (NASDAQ: TSLA).
Although Tesla recently hiked the prices of some of its EV models, the company’s previous price cuts impacted Xpeng’s competitiveness.
In early February, Xpeng launched its flagship electric vehicle models in Europe amid intensifying competition at home and abroad. The overseas push is to increase the Chinese company’s brand visibility and eke out a potentially lucrative foreign market share.
On February 3rd, Xpeng launched its P7 sedan and G9 SUVs in Denmark, Netherlands, Norway, and Sweden. At the time of the Europe launch, the Chinese EV manufacturer priced its P7 sedan below Tesla’s EVs.
Tolu is a cryptocurrency and blockchain enthusiast based in Lagos. He likes to demystify crypto stories to the bare basics so that anyone anywhere can understand without too much background knowledge.
When he’s not neck-deep in crypto stories, Tolu enjoys music, loves to sing and is an avid movie lover.
According to the company, it has plans to produce a total of 1.8 million vehicles with the total delivery expectations pegged around that figure.
American multinational electric vehicle manufacturing company Tesla Inc (NASDAQ: TSLA) recorded a bearish close of its stock on Monday following the publication of its first quarter delivery numbers. The figures, unveiled over the week showed the company delivered a total of 422,875 electric vehicles in the quarter with a total production of 440,808 cars.
The delivery figures were below the target projected by analysts polled by FactSet who were expecting a total delivery of 432,000. According to the FactSet data, the projections ranged from 410,000 to 451,000, a sign that many analysts were extremely bullish on the performance of the firm.
Though the figures are somewhat in line with the estimates from the firm, investors are concerned that to surpass many of its bullish expectations, additional price cuts may have to be implemented.
“Many investors believe that Tesla’s recent price cuts reflect a structural cost advantage that will enable it to pressure rivals and capture outsize volume and dominate the EV market,” wrote Toni Sacconaghi, an analyst at Bernstein, in a note following the deliveries report. “We maintain that price cuts have and will undermine industry profitability (including Tesla’s), but that incumbents are deep pocketed and not likely to back down.”
According to the data shared, the delivery figures come at a 4% growth from what it revealed in the past quarter. The numbers were driven up by the series of price cuts instituted in its key markets including the United States, Europe, and China.
With the EV world growing more competitive by the day, more electric car manufacturers are beginning to debut equally innovative and cheaper vehicle versions, a trend that may further force Tesla to taper down its prices. Without price reduction, there are fears the firm will lose its market momentum.
According to the company, it has plans to produce a total of 1.8 million vehicles with the total delivery expectations pegged around that figure. According to top officials of the EV giant, Tesla is aiming for 50% growth over the long term.
Tesla’s performance outlook is a mixed one as some analysts are bearish on the company’s shares while a host of others believe it is set on an important pedestal. While Dan Levy of Barclays has a neutral rating on the Tesla shares with a price target of $275 from its current level, Sacconaghi has a relatively bearish projection.
According to the research note published, Sacconaghi has a price target of $150, down from the $194 it printed in today’s pre-market trading.
“The key question for investors is what might margins be, amid significant price cuts but improving commodity costs?” Sacconaghi said.
The shares of the EV company ended Monday’s trading session at a 6.12% loss with the current growth trend showing signs of recovery.
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
The 422,875 deliveries Tesla made for Q1 2023 surpassed the company’s previous record of 405,278 in Q4 2022.
Tesla (NASDAQ: TSLA) has posted its Q1 2023 report on vehicle production and deliveries, setting a new company record. The EV manufacturing giant said it produced 440,808 vehicles and delivered 422,875 cars for the first quarter of 2023. Tesla’s deliveries are the closest sales approximation by the company and are not differentiated by individual model or region.
Although Tesla set a new company record with quarterly production and deliveries, the Austin-based electric vehicle maker missed analysts’ delivery estimates. FactSet’s mean estimates had the company’s deliveries at around 432,000 units for the year’s first three months.
Tesla’s previous quarterly records for production and deliveries were 439,701 cars produced and 405,278 delivered in Q4 2022.
Tesla’s first-quarter delivery numbers represent a 36% climb year-over-year (YoY) from the 310,048 deliveries reported in Q1 2022. Furthermore, the company’s latest deliveries are 4% higher sequentially compared to the 405,278 reported in the fourth quarter of last year.
Although Tesla did not include production and delivery numbers for its Semi trucks, the company was forthcoming on other models. According to the leading EV manufacturer, it delivered 10,695 of its Model S and X vehicles in Q1 2023. This figure represents around 2% of total deliveries recorded for the period ended March 31st. Tesla also reported delivering 412,180 of its lower-priced Model 3 cars and Model Y crossovers for the first quarter.
Meanwhile, the automotive company also produced 19,437 Model S and X cars and 421,371 Model 3 and Y vehicles in Q1 2023. Tesla said in a statement, “we continued to transition towards a more even regional mix of vehicle builds.”
The Tesla Q1 2023 production and deliveries report was strong enough to see the company’s stock finish Q1 up more than 68%. As a result, bulls also expect TSLA to remain stable going into Monday’s trading session. It should also be interesting to see how the company’s latest delivery figures impact its bottom line.
Tesla appears set to post its full financial results for the first quarter after the market close on Wednesday, April 19th, 2023.
Repeated price cuts to its EV models in the US, Europe, and China defined Tesla’s first quarter. The company aggressively cut pricing across most of its lineup to attract more buyers in an increasingly competitive industry. For instance, Tesla costed its Model Y down from $65,990 to $52,990 at the beginning of the year. The EV maker also slashed its Model S and X cars by as much as $10,000.
In March, chief executive Elon Musk announced plans to establish a new factory in Monterrey, Mexico. As it stands, Tesla already operates two vehicle assembly plants in the US, another in Shanghai, and a fourth in Berlin. In addition, the EV manufacturer produces its heavy-duty Semi truck at its Nevada battery plant.
Tolu is a cryptocurrency and blockchain enthusiast based in Lagos. He likes to demystify crypto stories to the bare basics so that anyone anywhere can understand without too much background knowledge.
When he’s not neck-deep in crypto stories, Tolu enjoys music, loves to sing and is an avid movie lover.
Grubhub, an American online food delivery platform, has come up with an exciting new way to engage its users. The company has partnered with Bitcoin rewards company Lolli to allow its users to earn Bitcoin (BTC) on every order.
Integrating crypto into a simple routine activity – like ordering food online, is yet another effort at driving crypto adoption.
Related Reading | Fold Launches First-Ever AR With Free Bitcoin Rewards Experience
Lolli has partnered with many companies in various sectors to offer customers BTC rewards.
In a Wednesday announcement, Lolli said that Grubhub customers will earn $5 in BTC on their first order. Subsequently, they would get $1 in BTC on other food orders using the platform’s extension. Before users can enjoy this benefit, they must activate Lolli on web or mobile before placing an order at Grubhub. And after a user earns up to $15, or roughly 0.00026 BTC at the current price of $56,902, they would be able to transfer it to their own virtual wallet.
BTC trading at $56.9K | Source: BTCUSD on TradingView.com
CEO and Co-founder of Lolli Alex Adelman explained that Lolli’s mission is to integrate bitcoin into aspects of everyday life.
“Food delivery is a ritual for many and bitcoin rewards make bitcoin a part of that ritual. Giving users bitcoin rewards on every Grubhub order is an incredible milestone for bitcoin adoption, making earning BTC easier and more accessible than ever,” he said.
Grubhub’s Director of Growth Marketing, Bridget Scanlan, also expressed her pleasure with the partnership. For Grubhub, it is yet another way to reward its diners.
Last month, the company announced a new innovative food-delivery method to its University of Arizona customers. It now uses delivery robots known as rovers to deliver all orders from on-campus dining locations.
Related Reading | Croatia’s Largest Supermarket Chain Rolls Out Bitcoin Payments
Lolli is, however, not the first – nor will it be the last – company in the food industry to integrate crypto into its products. Just last month, fast-food chain Burger King, in partnership with Robinhood, gave its customers crypto prizes. Members of its Royal Perks loyalty program got to earn BTC, Ethereum (ETH), and Dogecoin (DOGE) after spending $5 or more at the fast-food chain.
According to Lolli, it is the first bitcoin rewards application that allows people to shop online and earn BTC. The company has teamed up with over 1000 top brands and merchants, including Microsoft, Kroger, Sephora, and Macy’s, to offer customers BTC rewards.
Lolli believes that bitcoin is a “global alternative currency and universal store of value and wants to share it with the world.”
Featured image by Panbeta, Chart from TradingView.com
Heading into a new trading week, here is a quick roundup of the top five stories from the technology, cryptocurrency and corporate sectors that investors would not want to miss out on from the weekend.
1. Tesla Q3 Deliveries Zoom Despite Hurdles: Electric vehicle maker Tesla Inc. (NASDAQ:TSLA) reported better-than-expected deliveries of 241,300 vehicles for the third quarter, representing a 73.2% year-over-year growth despite the chip shortage, stiff competition and demand slowdown in its key market of China. During the quarter, the Elon Musk-led company produced 228,882 Model 3/Y vehicles and 8,941 Model S/X vehicles.
2. Trump Sues Twitter: Former U.S. President Donald Trump has filed a lawsuit against Twitter Inc. (NASDAQ:TWTR) as he seeks to reinstate his account on the social media platform. Twitter had permanently banned Trump from its platform after a pro-Trump mob stormed the U.S. Capitol building in January this year.
3. Tesla Escalates Feud with Rivian: Tesla has intensified its fight with Amazon.com Inc. (NASDAQ:AMZN)-backed Rivian Automotive Inc. by accusing the electric truck maker of poaching its employees and stealing highly sensitive proprietary battery technology. Rivian responded by saying there is not enough evidence to justify Tesla’s claims.
4. Ethereum Preferred Over Bitcoin: Highlighting the growing popularity of Ethereum (CRYPTO: ETH), a new study by CryptoCompare has found that institutional investors are for the first time preferring digital asset management firm Grayscale’s Ethereum Trust (OTC:ETHE) over the firm’s Bitcoin Trust (OTC:GBTC). The Grayscale Bitcoin Trust holds 46% of the 1.4 million Bitcoin (CRYPTO: BTC) held by publicly traded companies.
5. Musk Fails To Inspire Rally In Dogecoin Knockoffs: Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk tweeted a photo of his Shiba Inu dog Floki in the front trunk of his car but the move evoked only a short-lived spike in the price of Dogecoin (CRYPTO: DOGE) knockoffs. In contrast, the Floki-themed coins had soared when Musk first shared the news of Floki’s arrival last month.
What Else: Among other stories from the weekend, investors would want to check out the Benzinga EV week in review, the week ahead in Biotech, what the stars foretell for Musk, how popular money manager Cathie Wood has chided traditional automakers by citing Tesla’s strong third-quarter deliveries, and how a Facebook Inc. (NASDAQ:FB) executive has disclosed her identity and accused the social media company of “betrayal of democracy”.