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Tag: Elon Musk
Musk’s SpaceX raises $250 million in equity, up to $2 billion in 2022
A Starship prototype stands on the company’s launchpad in Boca Chica, Texas on March 16, 2022. SpaceX Elon Musk’s SpaceX raised $250 million in an equity round last month, the company disc...
After Making Money In A Bear Market, David Einhorn Is Shorting Elon Musk With A Long Twitter Bet
David Einhorn’s Greenlight Capital generated a return of 8.4% for the second quarter, bringing its year-to-date return to 13.2% at a time when most other hedge funds are languishing with negativ...
Tesla’s 3:1 Stock Split Wins Shareholder Approval—Here’s What It Means For Investors
Topline Shares of electric vehicle maker Tesla rallied in after-hours trading Thursday as the company won shareholder approval for a 3:1 stock split, the second such move in around two years, as the w...
Why AI Can’t Be Fooled By Tesla’s Stock Split
Getty Images Key takeaways Shareholders will vote for the proposed 3-for-1 Tesla stock split this Thursday Tesla shares gained 32% in July, bringing the stock up 49% from May’s low If the 3-for-1 meas...
Auto Makers Expect Car Sales to Defy Economic Gloom
Listen to article (2 minutes) Even as consumer spending cools, one place buyers continue to splurge is at the car dealership. Auto executives reporting earnings earlier this week displayed confidence ...
The Summer Of Extreme Weather, GM’s Plans For One Million EVs And Turning Trash Into Cash
This week’s Current Climate, which every Saturday brings you the latest news about the business of sustainability. Sign up to get it in your inbox every week. Anadolu Agency via Getty Images Earlier t...
Space Industry Grew To Record $469 Billion Last Year, Report Finds
Topline The space industry grew at its fastest pace in years to reach a record $469 billion in annual global spending in 2021, according to a report from the Space Foundation published Wednesday, as g...
Space economy grew to $469 billion in 2021, fastest rate in years: Report
People watch from Canaveral National Seashore as a SpaceX Falcon 9 rocket launches from pad 39A at the Kennedy Space Center in Cape Canaveral, Florida, Feb. 3, 2022. The rocket is carrying 49 Starlink...
Twitter Has A Far Stronger Case As It Heads Into Trial Against Elon Musk
As the ongoing saga between Elon Musk and Twitter enters its fifth month, the battle lines have been drawn. While Musk has largely been on the offensive in the public arena, rattling off Tweets besmir...
Boeing Starliner astronaut capsule charges near $700 million
Boeing’s Starliner spacecraft is seen before docking with the International Space Station on May 20, 2022 during the uncrewed OFT-2 mission. NASA Boeing disclosed a charge of $93 million in the ...
Twitter Shareholders Will Vote On Elon Musk’s Purchase Offer In September—Weeks Before Trial With Musk
Topline Twitter will ask its shareholders to vote on Elon Musk’s offer to buy the social network at a mid-September meeting, just one month before Twitter and Musk are scheduled to go to court over th...
Eutelsat, OneWeb Plot Merger That Will Challenge Billionaires Elon Musk, Jeff Bezos In Space Race
Topline French and British satellite firms Eutelsat and OneWeb on Tuesday announced plans to combine forces and create a “global leader” in the burgeoning space-based internet industry, a deal which p...
VW’s Diess Goes, As Flawed Governance Foils Another Leader
Herbert Diess, chief executive officer of Volkswagen AG, who is leaving at the end of August. … [+] Photographer: Krisztian Bocsi/Bloomberg © 2022 Bloomberg Finance LP A software spat probably t...
Lake Mead Is Shrinking, USPS Goes Electric And Software To Make Farmers Green
This week’s Current Climate, which every Saturday brings you the latest news about the business of sustainability. Sign up to get it in your inbox every week. TImothy Archibald for Forbes Agriculture ...
Twitter Posts $270 Million Loss In First Earnings Report Since Elon Musk ‘Terminated’ $44 Billion Takeover Deal
Topline Social media giant Twitter posted a worse-than-expected loss Friday morning in its first earnings report since billionaire Elon Musk backed out on a deal to buy the company, fueled in part by ...
CEOs say they are raising prices, cutting costs as inflation dominates post-earnings conversations
NEW YORK, NEW YORK – MAY 02: Elon Musk attends the 2022 Costume Institute Benefit celebrating In America: An Anthology of Fashion at Metropolitan Museum of Art on May 02, 2022 in New York City. ...
Elon Musk Trumps Warren Buffett In Today’s Japan
Shinzo Abe grabs a ride with Tesla CEO Elon Musk in a Model S P85D at Tesla’s headquarters in Palo Alto, California in 2015. Josh Edelson/AFP via Getty Images With all due respect to Shinzo Abe’...
Toyota plans to develop light duty hydrogen fuel-cell trucks
A Toyota Mirai hydrogen fuel cell vehicle photographed in Berlin, Germany, in August 2021. The Japanese automotive giant started working on the development of fuel-cell vehicles back in 1992. Krisztia...
Mattel inks deal with Elon Musk’s SpaceX to produce line of toys
The company’s Cargo Dragon spacecraft rolls out to the launchpad in Florida atop a Falcon 9 rocket. SpaceX Mattel inked a multiyear deal with Elon Musk’s SpaceX to create a line of toys in...
Tesla Shares Rally Despite Slowdown In Profits, Impact From China Shutdown
Topline Shares of Tesla jumped late on Wednesday after the company reported second-quarter results that beat Wall Street expectations, despite analyst concerns about production taking a hit from month...
Carlson Capital’s Jesse Ho Sees Minimum Price Of $44/ Share In Elon Musk’s Twitter Buyout
Carlson Capital’s Black Diamond Arbitrage Partners generated a net return of -0.91% for the second quarter, bringing its first-half return to -1.52%. The fund’s special situations and othe...
Twitter Wins Bid For Quick Trial In Elon Musk Lawsuit
Topline A judge ruled on Tuesday a trial addressing Twitter’s lawsuit against Tesla CEO Elon Musk will take place over the course of five days in October 2022, a win for the social media platform, fol...
Twitter Argues Musk’s Bid To Delay Trial ‘Fails At Every Level’
Topline Twitter pushed back Monday against Elon Musk’s bid to wait until early next year before holding a trial that could force Musk to buy the social network, claiming the world’s richest man is try...
Commentary on Tesla’s Sale of Digital Assets
July 20, 2022, 8:59PM EDT • 2 min read Quick Take Today Tesla announced it had sold off ~83% of its digital assets Elon Musk cited the COVID shutdowns in China as the catalyst behind the sale Tesla cl...