Daniel Ives

Tesla Cybertruck is Musk’s latest defiant bet

Tesla has begun customer deliveries of the Cybertruck, bringing to fruition an Elon Musk passion project that the billionaire boasts is stronger than bullets and faster than a Porsche.

"It's very rare that a product comes along that is seemingly impossible... that experts said would never be made," a giddy Musk told a crowd at Tesla's Austin, Texas headquarters.

After Twitter poll, CEO Musk sells off $5 bln in Tesla shares

After making a promise on Twitter, Tesla CEO Elon Musk has sold about 4.5 million shares of the electric car maker's stock, raising over $5 billion.

The sales, disclosed in 10 regulatory filings late Wednesday, amount to about 3% of Musk's stake in the company.
About $1.1 billion will go toward paying tax obligations for stock options granted to Musk in September.