Tesla owner Elon Musk has suffered a massive loss of $200 billion in the last one year as EV makers crushed 70 percent. Elon Musk is the first person to have suffered such a huge loss.
But the bad news continues for Elon Musk and his company, with South Korea’s latest anti-trust regulator saying it will fine Tesla for failing to tell its customers about the reduced driving range of its electric vehicles in low temperatures.
The official local website touts the effectiveness and performance of its superchargers compared to gasoline vehicles but Tesla is trying to control the damage, especially in China, its biggest market.
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Tesla has hired China chief Tom Xu to head up US plants as well as sales operations in North America and Europe to electric car makers. The move made Zhu the highest-profile executive at Tesla after Elon Musk, overseeing distribution in all of its major markets and moving all of its production out of the still-ramping Tesla plant in Germany. The appointment of the global role of Jews to come at such a time.
When Twitter and Tesla acquired analysts and investors, Moss has been distracted. The move, which would deepen the senior executive bench and allow it to focus on Tesla Tesla, reported record shortfalls and deliveries for the fourth quarter, but it missed Wall Street estimates.