Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Key takeaways Tesla’s stock price has rallied 20% since it announced the risky decision to cut the price of its Model Y an...
Tag: Elon Musk
Toyota Retains a Coveted Crown
Regarding electric vehicles, Toyota has plenty more to say. The Japanese automaker is outdistanced by its competitors in the electric vehicle segment. It only recently recognized that its strategy may...
JPMorgan Analyst Explains How His Bank Sees Tesla’s Stock Performing Moving Forward
Buoyed by steady share price increases since the beginning of the year, Tesla (TSLA) – Get Free Report CEO Elon Musk sounded bullish on the stock during an earnings call Jan. 25. Having opened ...
A self-made millionaire shares 8 money secrets rich people know that ‘most of us don’t’
It took me 20 years of trial and error before I achieved a multimillion-dollar net worth. Now, at 64, I draw income from the 18 companies I started and the 12,000 apartment units I own. But I wish I h...
Twitter preps for payments with crypto option as Musk eyes super app, FT says
Twitter is working to line up the necessary regulatory approvals needed to integrate payments into the platform, including future crypto capabilities, the Financial Times reported. The social m...
Samsung Products May Soon Offer Telehealth
Last week, famed consumer electronics and digital technology leader, Samsung, announced a new partnership with IntelliTek Health, a company that has developed a patient centered virtual assistant tool...
Tesla Bulls Are Making Their Buoyant Case
Tesla (TSLA) – Get Free Report bulls believe that the stock can rebound in 2023. Morgan Stanley analyst Adam Jonas said the value of Tesla’s shares can turn around after it declined by 36...
Elon Musk Renews His Dogecoin Offer to McDonald’s
A year ago, Elon Musk, the billionaire CEO of Tesla, launched a big challenge to McDonald’s. At the time, the influence of the whimsical and charismatic entrepreneur was on the rise. He had nea...
Amazon’s Bold $5 Prescription Drug Program Is The Future Of Pharmacy
Amazon is taking yet another bold step into the world of healthcare, further solidifying its powerful footprint in the business-to-consumer “B2C” space. Earlier this week, the tech giant announced its...
Sea Level Rise Will Lead To Faster-Than-Expected Flooding On The Coasts
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. getty One of the most well-known impacts ...
Musk Meets Top Congressional Leaders To Ensure Twitter ‘Fair To Both Parties’
Topline Twitter owner Elon Musk said he met with both House Speaker Kevin McCarthy (R-Calif.) and House Minority Leader Hakeem Jeffries (D-N.Y.) Thursday afternoon to “discuss ensuring that [Twitter] ...
Toyota Makes a Huge Announcement
A new era is about to begin at Toyota. For a long time, the world’s largest carmaker in sales has gone its own way. The Camry sedan maker has completely taken the opposite bet of the entire ind...
Tesla Gains 11% As Strong Earnings Outweigh Musk’s ‘Distractions’
Topline Tesla shares skyrocketed Thursday after the company reported its best-ever quarterly sales and profit in a report that largely shattered market expectations, as the stock bounces back from mul...
Biden Administration Proposes New Categories For Race And Ethnicity
Topline The Biden administration proposed a variety of changes Thursday to how the U.S. Census collects race and ethnicity data, including adding new categories like “Middle Eastern or North African” ...
Tesla Slashes Prices Up To 20 Percent, Sending Shockwaves Through EV Industry
(Photo by Smith Collection/Gado/Getty Images). Getty Images Key takeaways Tesla’s price drops are officially cited as a drop in supply chain prices, but others think it’s a savvy sales ploy after a ro...
Tesla’s price cuts could spur an EV pricing war
A Tesla showroom is seen in the City Center shopping center on January 17, 2023 in Washington, DC. Anna Moneymaker | Getty Images DETROIT — Tesla vehicles in the U.S. are seeing significant price cuts...
Real-World Events Drive Increases In Online Hate Speech, Study Finds
Topline Real-world events like elections and protests can lead to spikes in online hate speech on mainstream and fringe platforms alike, a study published Wednesday in the journal PLOS ONE found, with...
Tesla Posts Best-Ever Quarterly Revenue And Profit
Topline Tesla beat analyst expectations in its fourth-quarter earnings report Wednesday though expenses soared, as the electric vehicle giant led by the nation’s wealthiest man Elon Musk grapple...
Tesla plans to spend $3.6 billion more on manufacturing in Nevada
An aerial view of the Tesla Gigafactory near Sparks, Nevada Bob Strong | Reuters Tesla plans to spend $3.6 billion more on expanded battery and heavy duty truck manufacturing in Nevada, the company sa...
Elon Musk Claims a Letter From Cathie Wood Drastically Altered Tesla’s Future
“Cathie made me do it!” Tesla (TSLA) – Get Free Report CEO Elon Musk testified that Cathie Wood, Ark Investment Management CEO, played a role in his decision to scrap plans to take...
Jeff Bezos Surpasses Billionaire Gautam Adani As World’s Third-Richest Person After Short Seller’s Scathing Report
Topline Indian tycoon Gautam Adani, chairman of the sprawling Indian conglomerate Adani Group, ceded the title of the world’s third-richest person to Amazon founder Jeff Bezos on Wednesday, afte...
Tesla Pouring $3.6 Billion Into Nevada Plant For EV Battery, Semi Production
Tesla is investing $3.6 billion to expand its Gigafactory in Sparks, Nevada, to make 4680-cell batteries and electric Semi trucks. Tesla Tesla, the world’s biggest producer of electric vehicles, is ex...
Elon Musk Accuses Two Influential Firms of Controlling the Stock Market
Elon Musk likes to attack circles of power. It’s as if he’s on a mission. Nothing seems to motivate him more than slapping a revered institution or icon. He seems to be committed to challe...
Tesla CEO Says ‘I Thought I Was Doing The Right Thing’ In Testimony Over Tweet
Topline Elon Musk doubled down on the earnest intent of his infamous 2018 tweet indicating he may take Tesla private and had the financial backing to do so, as his testimony enters its third day durin...
Car Tire Dust Is Killing Salmon Every Time It Rains
A growing body of research by scientists worldwide is tracking the effects of this overlooked source of automotive pollution that’s been linked to the decimation of coho salmon in the Pacific Northwes...
Musk Testifies Saudi-Backed Offer To Take Tesla Private At $420 Per Share Was No Joke
Topline Tesla CEO Elon Musk believed he’d earned the backing of Saudi Arabia’s Public Investment Fund in 2018 when he tweeted funding to take the electric vehicle maker private was “secured,” the bill...
Tesla shareholder Tencent backs Elon Musk despite Twitter distraction
A Tesla store in Changzhou, China, in April 2022. Tencent, known as one of the world’s largest gaming and social media firms, invested in Tesla in 2017, taking a 5% stake for around $1.78 billio...
Google Cuts 12,000 Jobs As 2023 Layoffs Continue
Topline Google’s parent company Alphabet announced plans Friday to cut 12,000 employees, just days after software giant Microsoft announced plans to cut 10,000 employees and Amazon began laying off 18...
Capital One Cutting 1,100 Employees As 2023 Layoffs Continue
Topline Banking giant Capital One has laid off roughly 1,100 employees, Bloomberg reported on Thursday, just days after software giant Microsoft announced plans to cut 10,000 employees and Amazon bega...