In the wake of the recent U.S. presidential election, Tesla Inc. has experienced a remarkable surge in its stock value, significantly enhancing CEO Elon Musk’s net worth. Following the election results, Tesla’s stock price soared by approximately 15%, elevating its market capitalization to over $1 trillion. This surge has augmented Musk’s wealth by an estimated […]
Tesla’s shares saw a dramatic spike following Donald Trump’s victory in the 2024 U.S. presidential election, marking a significant shift in the electric vehicle (EV) market’s future under Trump’s administration. Tesla’s stock surged by over 14% in pre-market trading, spurred by investor enthusiasm about potential policy changes that could benefit the electric vehicle giant and […]
Elon Musk, the billionaire CEO of Tesla and owner of the platform X, is under fire for his latest electoral strategy aimed at influencing Pennsylvania voters ahead of the 2024 U.S. presidential election. Through his campaign group, AmericaPAC, Musk is offering a staggering $1 million per day to registered voters in the crucial swing state, […]
Shares of Uber Technologies (NYSE: UBER) skyrocketed this week, reaching an all-time high. This surge comes after Tesla’s much-anticipated robotaxi unveiling, a highly publicized event that ultimately failed to live up to expectations, leaving investors disappointed and pushing Tesla shares into the red. Analysts suggest that the market’s reaction signals confidence in Uber’s future, even […]
Rio Tinto, one of the world’s foremost mining conglomerates, has announced its plan to acquire US-based Arcadium Lithium in an all-cash transaction valued at $6.7 billion. This acquisition represents a major strategic maneuver to consolidate Rio Tinto’s standing within the burgeoning market for critical minerals, particularly those essential for renewable energy technologies and the electric […]
Mobileye Global Inc. stock soared 8% after Intel Corporation reaffirmed its commitment to the company, stating that it has no immediate plans to sell its majority stake. The announcement reassured investors and provided much-needed stability for the self-driving technology firm, which had seen its stock drop by over 70% earlier this year. Intel’s decision to […]
Electric vehicle (EV) charging equipment maker Blink Charging Co. has announced plans to reduce its global workforce by 14% as part of a strategic cost-cutting initiative. The move comes amid weaker demand for electric vehicles and increasing financial pressures, including higher borrowing costs, which have impacted both EV sales and the associated charging infrastructure market. […]
Tesla, Inc. has made significant waves in the automotive and technology sectors with its recent announcements, sending its stock up 2.5% in pre-market trading. The electric vehicle (EV) manufacturer plans to launch its Full Self-Driving (FSD) software in Europe and China in the first quarter of 2025, pending regulatory approval. This expansion could set a […]
Tesla, the leading electric vehicle manufacturer known for its innovative technology, is set to reduce its global workforce by over 10%, impacting at least 14,000 employees. This decision, as announced by CEO Elon Musk in an internal memo, comes in response to a noticeable decline in sales and escalating competition in the electric vehicle market, […]
A harrowing Tesla crash in Virginia has triggered alarm bells once more, with U.S. auto safety regulators swooping in to decipher the chaos. Was Tesla’s much-debated Autopilot system the culprit this time? This bone-chilling incident in July marks the 35th Tesla crash under the probing eyes of the National Highway Traffic Safety Administration (NHTSA) since […]