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For seven consecutive weeks since Elon Musk travelled to Washington to join the Trump administration, shares in his automaker have declined, closing on Friday at $270.48. This marks the longest losing streak for Tesla in its 15 years as a public company. Tesla shares concluded the week a decline of over 10%, reaching their lowest …
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Elon Musk’s Vision for Tesla’s Trillion Dollar Future Elon Musk, the visionary CEO of Tesla, has consistently set ambitious goals for the company. Among his most audacious claims is that Tesla could potentially become a multi trillion-dollar company and even reach a valuation of $25 trillion, largely driven by the deployment of robotaxis. Robotaxi vision …
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Elon Musk, the billionaire entrepreneur and CEO of Tesla and SpaceX, has recently made headlines in the U.S. with his stark predictions about the potential economic fallout if Donald Trump wins the upcoming presidential election. This is unusual, as you are more likely to hear these proposals in a crisis, when desperate times demand desperate …
On Tuesday 6th August 2024, China launched its inaugural batch of internet satellites, which are expected to be part of a constellation designed to compete with SpaceX’s Starlink. The constellation, named “Thousand Sails,” comprises over 15,000 satellites in low-Earth orbit that are anticipated to provide worldwide internet coverage. China plans to have 648 satellites in …
Tesla boss Elon Musk says the electric car maker will start producing and using humanoid robots from next year. In a social media update, Elon Musk stated that Tesla will initially employ the robots, with plans to commence production for sale by 2026. He had earlier anticipated that the robot, named Optimus, would be operational …
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It has been calculated that the S&P 500’s total value is currently $45.5 trillion. Tesla’s CEO, Elon Musk, claimed on Thursday 13th June 2024 that the company’s Optimus humanoid robots could potentially raise the automaker’s value to over half of that amount. During the 2024 annual shareholder meeting in Austin, Texas, Musk, who reportedly identifies …
Tesla shareholders have voted to ratify CEO Elon Musk’s 2018 compensation package, which was previously rescinded by a Delaware judge in January. During the annual meeting in Austin, Texas, shareholders voted in Musk’s favour. Following Musk’s announcement that shareholders were likely to approve his pay package and a resolution to relocate the company’s incorporation to …
Elon Musk sparked intense debate on the trajectory of artificial intelligence (AI) after he shared a clip from the Joe Rogan Experience podcast via his X account. In the video, futurist Raymond Kurzweil explored the future of artificial intelligence (AI), proposing that it might soon outstrip human intellect. Elon Musk, noted for his candid opinions …
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According to the Bloomberg Billionaires Index, Elon Musk is the wealthiest person in the world, with an estimated net worth of $243.46 billion USD as of 8th Jan 2024. Musk is the founder and CEO of Tesla and SpaceX, X and X.ai as well as the co-founder of PayPal and Neuralink. He made his fortune from various business ventures, starting from a web software …
It has been a turbulent time at Twitter since Musk’s acquisition and the subsequent renaming of the company to X. X is a subsidiary of X Holdings Corp., which is owned by Elon Musk. X has faced several issues and controversies since its inception, such as advertiser boycott, declining user base, staff layoffs, and more recently …
Elon Musk is one of the most influential and visionary leaders in the field of AI. He has recently shared his views on how AI will eventually create a situation where no job is needed, and how humans will have to find meaning in life. Disruptive or force for good? Elon Musk recently reportedly said …
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The entrepreneur Elon Musk, the billionaire entrepreneur behind Tesla, SpaceX and Neuralink, has revealed his latest venture: xAI, a new artificial intelligence company that aims to “understand the true nature of the universe”. Musk announced the formation of xAI on Wednesday on Twitter and on the company’s official website, which features a minimalist design and …
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Trump calls it his ‘Big Beautiful Bill’, but Musk calls it a ‘Disgusting Abomination’ – who’s right? Trump’s Big Beautiful Bill is a sweeping tax and spending package aimed at making his 2017 tax cuts permanent while introducing new tax breaks and budget reforms. It eliminates taxes on tips and overtime, raises the State and …
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It’s a worry – arguably the most powerful man in the world and the richest man in the world in a highly visible fallout. Unrest and distrust at the top of U.S. government and the and in the corporate world – so what’s new? Donald Trump and Elon Musk, once allies, have engaged in a …
Continue reading “Trump and Musk feud – love to hate in 137 days – a billionaire brawl”
Tesla has been making headlines with a series of major developments, from financial setbacks to strategic shifts by CEO Elon Musk. The electric vehicle giant recently reported a 20% drop in automotive revenue, a significant decline that has raised concerns among investors. Meanwhile, Musk has announced that he will be spending much less time on …
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Elon Musk’s AI company, xAI, has recently released its latest AI model, Grok 3. This new AI model is designed to be significantly more powerful and capable than its predecessor, Grok 2. Grok 3 is being hailed as the ‘smartest AI on Earth’ by Musk, and it’s expected to have a significant impact on various …
Elon Musk is the world’s richest person and the leader of Tesla, SpaceX, X, The Boring Company, x.AI, and Neuralink. He is also the co-founder of PayPal and Zip2 and now the co-leader of DOGE – of U.S. Department of Government Efficiency and also recently led a group of investors in a bid to acquire …
Elon Musk has dramatically distanced himself from Donald Trump’s latest tax-and-spending bill, branding it a ‘disgusting abomination’ in a fiery post on X. The Tesla and SpaceX CEO, once a key financial backer of Trump’s 2024 campaign, has now turned against the administration’s ‘One Big Beautiful Bill’, warning that it will explode the federal deficit …
Continue reading “Well – that didn’t last long – is the ‘love in’ over already?”
Tesla’s vehicle sales in Europe plummeted by 49% in April 2025, marking the fourth consecutive month of decline. Despite an overall 27.8% rise in battery-electric vehicle sales, Tesla struggled to maintain its foothold in the region. The drop in sales has been attributed to increasing competition from Chinese automakers, a shift in consumer preferences towards …
April 2025 marked a watershed moment in the European electric vehicle (EV) market as BYD outsold Tesla for the first time ever. According to JATO Dynamics, BYD registered 7,231 battery-electric vehicles, narrowly surpassing Tesla’s 7,165 registrations. This shift comes despite EU-imposed tariffs on Chinese-made EVs, which were expected to hinder BYD’s growth. However, the company’s …
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U.S. tech giants are making bold strides in the development of humanoid robots, signalling a transformative shift in the robotics industry Companies like Tesla, Google, Microsoft, and Nvidia are investing heavily in this cutting-edge technology, aiming to create machines that mimic human movement and behaviour. These humanoid robots are envisioned to revolutionise industries ranging from …
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The Elon Musk-led Department of Government Efficiency claims to be streamlining the federal government’s spending But it has so far sown confusion, with the Trump administration attempting to rehire employees it had previously fired. DOGE presents a distorted reflection of the current state of the U.S. economy. U.S. President Trump has implemented a series of …
Tesla’s sell-off on Wall Street intensified on Monday, with shares of the electric vehicle maker plunging a whopping 15%, marking their worst trading day on the market since September 2020 On Friday, Tesla wrapped up a seventh straight week of losses, its longest losing streak since debuting on the Nasdaq in 2010. The stock has fallen every …
Tesla shares sank 8% on Tuesday 25th February 2025 and have now lost most of their gains that followed President Donald Trump’s election victory in November 2024. The stock has plunged 25% this year, while the Nasdaq is down 1.5%. It was also reported on that the company’s long-awaited upgrade of its partially automated driving …
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In 2024, billionaire wealth surged to unprecedented levels, with a staggering $2 trillion increase in just one year, according to an Oxfam report. This rapid growth has led to predictions that the world could see at least five trillionaires within the next decade. To place this in some context it is has been calculated that …
As we head into 2025, the landscape of artificial intelligence (AI) regulation is poised to undergo significant changes, and these shifts are likely to have a profound impact on the stock markets. The introduction of new regulations, particularly in regions like the European Union and the United States, will create both challenges and opportunities for …
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