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Datacenter and chip costs fueled sharp decrease in AI sector although non-AI stocks still had a strong showingThe latest shudder for stocks in the AI industry pulled markets lower worldwide on Thursday, while oil prices hit their highest levels since May on worries about the war with Iran .The S&P 500 fell 1.2% for its
Sharp drops for AI stocks overwhelm markets worldwide as oil prices jump Read More »
Musk says ‘there’s a lot of merit’ to potential merger that would require approval of 50% of all Tesla shareholders, but he declined to elaborate Investors were paying close attention to Tesla’s third-quarter earnings call on Wednesday afternoon, after chief executive Elon Musk floated the idea of merging the car company with his rocket and
Tesla beats earnings projections after Musk floats SpaceX merger plan Read More »
The Tesla Roadster 2 drove up a curved ramp before using SpaceX rocket thrusters to fly, flip and landElon Musk has revealed Tesla’s latest model, which he claims will be the world’s first flying car, using technology from his aerospace company SpaceX to “basically fly like a rocket”.The billionaire, who hosted a demonstration of the
Elon Musk reveals ‘world’s first flying car’ at Tesla event Read More »
Lawyers say Black employees at Tesla experienced ‘rampant racism’ that was left unchecked for years at their flagship factory in CaliforniaDozens of Black employees at Tesla’s flagship plant in California said they were subject to racist slurs, unequal pay and promotions, and bullying by supervisors on a daily basis, a situation management did little to
Black Tesla employees accuse company of fostering racial discrimination in major trial Read More »
Billionaire in interview with the Economist admits he was too consumed by politics and shares predictions about AIElon Musk has admitted he became too consumed by politics during his volatile alliance with Donald Trump and his brief appointment as the president’s financial axman, running the so-called “department of government efficiency” (Doge).The world’s richest person, and
Shares in Elon Musk company fall more 3% in after-hours trading, as earnings per share miss Wall Street expectationsTesla reported its second-quarter earnings on Wednesday, disclosing far lower profits than expected. The company’s already beleaguered stock, which had fallen about 14% this year to date, dipped further following the earnings report.Elon Musk’s automaker, once the
Tesla’s profits slide despite growing revenue as it pivots to robotics and AI Read More »
Strong figures suggest Tesla’s auto business is regaining momentum after two straight annual sales declinesTesla blew past Wall Street estimates for second-quarter deliveries on Thursday, posting a record for the period as recovering demand in Europe outweighed persistent weakness in North America.The strong figures suggest Tesla’s mainstay auto business is regaining momentum after two straight
Tesla sales surpass expectations for second quarter as Musk backlash seems to cool Read More »
Driver told authorities he had driver-assistance technology engaged before crash that killed 76-year-old Martha AvilaThe US government has opened a second federal investigation into a recent crash of a Tesla that reportedly had driver-assistance technology engaged, struck a Texas home and killed a resident.Meanwhile, the family of Martha Avila, the 76-year-old resident who was killed,
US opens second federal investigation of deadly Tesla crash into Texas home Read More »
Falling shares push tech mogul back down to billionaire ranks after SpaceX IPO made him world’s first trillionaireElon Musk was no longer a trillionaire by the time markets closed on Wednesday. Plunging shares in Tesla and SpaceX dragged the tech magnate down to billionaire status. As of 4pm ET, Forbes listed Musk’s net worth as
Elon Musk loses trillionaire status as SpaceX and Tesla stock drops Read More »
IPO filing from Elon Musk’s company reveals closer look at finances, cosmic ambitions and tech empire’s quirksSpaceX publicly released an investor prospectus on Wednesday as part of its plan for a $1.75tn debut on the US stock market next month, revealing unseen details about the finances and future plans of Elon Musk’s flagship company. In
Mars colony and Grok warnings: five strange details in SpaceX’s pitch to investors Read More »
