Tesla Motors CEO Elon Musk speaks to the media next to its Model S during a press conference in Hong … [+] Kong. 25JAN16 SCMP/ Nora Tam (Photo by Nora Tam/South China Morning Post via Getty Images) South China Morning Post via Getty Images The latest Tesla (TSLA) production and delivery data is out, and…
Following a disappointing earnings report, Tesla is raising prices on some of its cars. (Photo by … [+] Yuan Bing/VCG via Getty Images) VCG via Getty Images Key Takeaways Tesla Shares Fell After Disappointing Earnings Layoffs Continue To Spread Volatility Keeps Falling Stocks traded lower on Thursday with the S&P 500 falling 0.6% and the…
Topline Tesla logged its largest daily stock price drop in more than three months Thursday after reporting quarterly earnings that met analysts’ top and bottom line expectations but amplified Wall Street’s concerns about the Elon Musk-led electric vehicle maker’s ability to deliver on hefty profit expectations. Elon Musk, left, appears at a convention in Miami…
(Photo by Chris Jackson/Getty Images) Getty Images Key takeaways Richard Branson’s private space company has come crashing back down to Earth after filing for bankruptcy The move comes after it laid off 85% of its workforce last week Shares have plummeted to just $0.19, with sister company Virgin Galactic shares also dropping 4.2% in a…
| Getty Images Some months back, a video popped up on LinkedIn showing two seemingly identical wood boards side by side. Next came two identical sledgehammers crashing down in unison. One board was immediately smashed into shards while the other absorbed the blow, bounced ever so slightly, and then returned to its original state. The…
(Photo by Joe Raedle/Getty Images) Getty Images Key takeaways SpaceX is reportedly raising $750 million in a new funding round that values the company at $137 billion. It comes as Founder and CEO Elon Musk comes under pressure from shareholders as Tesla’s stock price falls almost 70% in 2022. The new investment is expected to…
Harold M. Lambert/Getty Images The IPO market for tech companies in 2022 was the worst in many years. Here are the startup unicorns and dark horse plodders that investors are hoping can heat it back up. Additional reporting by Kenrick Cai, Alex Knapp and Iain Martin The year 2022 was largely a write-off for…
CEO of Tesla, SpaceX & Twitter No. 1 Rank on 2022 Forbes 400 List $222 B Net Worth as of Nov. 1, 2022 AGE: 51 | SOURCE OF WEALTH: TESLA, SPACEX | SELF-MADE SCORE: 8/10 | RESIDENCE: AUSTIN, TEXAS | CITIZENSHIP: UNITED STATES | MARITAL STATUS: SINGLE | CHILDREN: 10 | EDUCATION: BACHELOR OF ARTS/SCIENCE,…
Ron Baron (left), chief executive of the Baron Funds family, interviews Elon Musk, the CEO of Tesla … [+] and now Twitter, at the 29th Baron Investment Conference last Friday at New York’s Metropolitan Opera House in Lincoln Center. Lawrence Carrel On the day Elon Musk took over Twitter and fired half its staff, he…
Global network and satellite data exchange 3D rendering elements By Adobe Stock -sdecoret Thanks to major providers such as Viasat (NASDAQ: VSAT), Avanti, YahSat, SpaceX, OneWeb, Geespace, Telesat (TSX: TSAT.TO) and Amazon AMZN (NASDAQ: AMZN) , the remainder or the world’s unconnected regions will soon come online through innovative satellite technology. The market for satellite…