PayPal founder Peter Thiel once told Elon Musk to quit the Giving Pledge and not donate his wealth, reported Reuters recently. The report quoted transcripts and audio recordings of a lecture series delivered by Thiel. Recounting the conversation, Thiel warned Musk that if he donates his wealth, he could end up funding causes championed by…
Car executives once saw Tesla as their industry’s biggest disrupter. But now, at least one former automotive CEO says the company may pull out of the car business, and could even cease to exist within 10 years. Carlos Tavares, who resigned from the top job at Jeep manufacturer Stellantis late last year, said Elon Musk’s…
Car executives once saw Tesla as their industry’s biggest disrupter. But now, at least one former automotive CEO says the company may pull out of the car business, and could even cease to exist within 10 years. Carlos Tavares, who resigned from the top job at Jeep manufacturer Stellantis late last year, said Elon Musk’s…
Elon Musk’s new pay package with Tesla made headlines for its potential to make him the world’s first trillionaire. But while the company claimed such massive payment would only occur with it reaching lofty goals, a new analysis shows Musk could still reap tens of billions of dollars, even if the company misses most of…
If Elon Musk’s 2018 battle for a US$56 billion payday seemed surreal to most average people, then the Tesla board’s proposal to offer him US$1 trillion over the coming decade is nothing short of eye-popping. But Musk’s temerity sits at the heart of an unresolved corporate conundrum amplified by the extraordinary stock market bubble inflating…
In September, the Tesla Model Y stayed the top-selling electric vehicle in China at 59,900 vehicles sold, according to the EV blog. This news comes after reports of lower-than-average third-quarter sales in the country hit the press. Some suspect that the new Model Y L, with three rows of seating, has helped keep sales high…
Nasdaq 100 futures were flat this morning after the index lost 1% yesterday following Tesla’s Q3 earnings call, which investors did not like. The stock was down 3% after Elon Musk’s company revealed record revenue but a decline in profitabilty. It was another in a series of earnings calls from tech companies that have disappointed…
Quantum computing stocks popped after reports the Trump administration is eyeing equity stakes. IonQ and Rigetti gained double digits, as traders chased the federal tailwind. Meanwhile, energy stocks climbed with crude, helped by fresh sanctions on Russia. Can the rally hold without stronger data support? With no major economic reports hitting the wires — thanks…
Already the world’s richest man, Elon Musk is defending his proposed $1 trillion Tesla pay package—arguing it’s less about joining the trillionaires club and more about making sure he can’t be sidelined. “I just don’t feel comfortable building a robot army here and then being ousted because of some asinine recommendations from ISS and Glass…
Beyond Meat may be plant-based, but investors are beefing up their holdings as the company’s stock becomes a so-called meme asset. Shares of the firm have surged over 1,000% since hitting a record intraday low last week, as the company announced its creditors had accepted a debt swap. Demand for Beyond Meat and other plant-based…