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TUT Report: Elon Musk crows about EV sales, Twitter shares sink anew and Uber coming out with scooters

Proactive Investors Thursday, 6 September 2018
Tesla Inc's (NASDAQ:TSLA) lineup of electric cars dominated the rankings as the top selling models for the month of August 2018, a report by InsideEVs said. The Tesla Model 3 posted the most sales for the month at 17,800 and it was followed by the Tesla Model X at 2,750 and the Tesla Model S at 2,625, the report said. For the first eight months of the year, the Tesla Model 3 was also the leader as it rang up sales for 55,882 units. In second place is the Toyota Prius Prime with 18,310, the Tesla Model S at 14,645 and Tesla Model X at 13,600. The feat that prompted chief executive Elon Musk to crow about the sales Tesla posted for the month.   Tesla 1st, 2nd & 3rd in August sales https://t.co/npDKC9QEpP — Elon Musk (@elonmusk) September 6, 2018   Musk has been embroiled in controversy when he announced early last month a plan to take the company private. He eventually abandoned the proposal. Tesla shares slipped 0.34% to US$279.79. READ: Tesla Inc chief Elon Musk faces lawsuit from short-seller Andrew Left of Citron Research Privately held Uber Technologies Inc is expected to deploy a scooter service in California after rival Lyft launched a fleet of electric scooters in Denver on Thursday, as both ride-hailing services try to tap into the scooter-sharing market dominated by the likes of Bird and Lime, a report on CNN Tech said. Uber and Lyft see huge potential in electric scooters and bicycles, which are popular with commuters, help trim congestion in city streets and complement public transport, the report said. Uber acquired bikesharing startup Jump in April. It has seen riders in San Francisco shift from cars to electric bikes, suggesting it must expand beyond cars if they don't want to see upstarts siphon away business. READ: Twitter and Facebook execs summoned to appear before Congress to address concerns of US election meddling Twitter Inc (NYSE:TWTR) shares were pounded anew on Thursday, as chief executive Jack Dorsey continued to testify before US congressional committees on election interference and claims of political bias on the platform, a report by CNBC said. The stock, which has fallen some 12% this week, is on pace for its worst week since July when it slid 20% after a disappointing earnings report. Twitter stock fell to a session low of US$30.63. The stock was trading 5.6% lower at US$30.90.            
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News video: Has Elon Musk Completely Lost His Mind?

Has Elon Musk Completely Lost His Mind? 01:02

Stunning investors, Tesla CEO Elon Musk was filmed smoking pot and wielding a sword on a webcast. It came just hours before the automaker said its recently-appointed accounting chief would leave. Reuters reports it's the latest in a string of unusual behavior and executive departures. Shares of the...

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