Tesla Board Denies Considering Elon Musk Replacement, Ford Reports 16% Sales Growth In April And More: This Week In Mobility – JetBlue Airways (NASDAQ:JBLU), Ford Motor (NYSE:F)
The past weekend was a rollercoaster ride for the business world, with a particular focus on the electric vehicle (EV) giant, Tesla Inc. TSLA. From criticism of Tesla’s robotaxi economics to insider stock sales, the EV industry was abuzz with news. Meanwhile, Ford Motor Co. F reported a surge in sales, and JetBlue Airways Corp JBLU is reportedly in talks with United Airlines.
Here’s a quick recap of the top stories.
Jim Chanos Criticizes Tesla’s Robotaxi Economics
Prominent short seller Jim Chanos took a jab at Tesla’s robotaxi economic projections, labeling them as “ridiculous.” Chanos pointed out several overlooked cost factors, including “dead miles,” high commercial auto insurance costs, and cleaning expenses.
Read the full article here.
Tesla Chairwoman Continues Insider Stock Sales
Tesla board member Joe Gebbia made headlines with a $1 million insider stock purchase, the company’s first insider buy in years. This comes just before Chairwoman Robyn Denholm’s planned stock sale, continuing a pattern of exercising Tesla options and selling off common shares.
Read the full article here.
See Also: Will Tesla Beat The Street? 68% Expect Something Markets May Not Be Ready For
Ford Reports 16% Sales Growth in April
Ford CEO Jim Farley announced a 16% increase in sales in April, ahead of the company’s earnings call with investors. Farley attributed the surge to the positive response from customers to their “From America, For America” offer of employee pricing.
Read the full article here.
Tesla Board Explored Replacing Elon Musk As CEO
Reports emerged that Tesla’s board had been considering a successor to CEO Elon Musk following significant financial setbacks. However, both Musk and Chair Robyn Denholm have denied these reports.
Read the full article here.
JetBlue In Talks With United Airlines Over Possible Partnership
JetBlue is reportedly in discussions with United Airlines Holdings Inc. over a potential partnership. This comes after talks of an alliance with American Airlines Group fell through in 2023.
Read the full article here.
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This story was generated using Benzinga Neuro and edited by Ananya Gairola
Photo Courtesy: Ian Dewar Photography On Shutterstock.com
