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In 2003, J effrey B. Straubel, Elon Reeve Musk, Martin Eberhard and Marc Tarpenning founded Tesla – a company focused on the design, develop ment, manufacturing and sale of fully electric vehicles, energy generation and storage systems. In 2024, the automotive brand reported 140,473 employees and was ranked No. 58 on Forbes ‘ Global 2000 list, plus No. 68 on the outlet’s ranking of America’s Best Employers for Tech Workers. While Musk in particular has faced criticism for his leadership style in the past, Tesla’s net worth hasn’t taken the same hit as his other companies, such as Twitter/X ; recent estimates claim the South African’s stake in the latter is worth nearly 70% less than what he paid for it two years ago. As of Oct. 3, the price of a Tesla share is $243.81 according to Forbes. This is down 2.09%, or $5.21 and is a result of the company’s third-quarter deliveries missing expectations. 462,890 EVs were delivered in the three months before Sept. 30, while Wall Street...
Nigeria-based startup Autochek is looking to bring its car sales and services platform from Africa to the online community. Autochek’s platform — which is managed by a developer team in Lagos and Nairobi — in short, is a network for consumers and businesses to buy, sell, and service cars as well as finance car sales. View this post on Instagram A post shared by Autochek Nigeria (@autochekng) According to TechCrunch, the newly-launched company recently closed a $3.4 million pre-seed round co-led by VC firms TLcom Capital and 4DX ventures to help accomplish its main goal as an innovative venture. Other firms such as Golden Palm Investments, Lateral Capital, MSA Capital, and Kepple Africa Ventures also joined the investment round. The funding round comes off the heels of its September acquisition of digital car sales marketplace Cheki in Nigeria and Ghana, TechCrunch reports. It also comes after the recent departure of CEO Etop Ikpe from Cars45, a startup he co-founded in 2016....