Why Tesla was kicked out of the S&P 500’s ESG index

An aerial view of the Tesla Fremont Factory on May 13, 2020 in Fremont, California. Justin Sullivan | Getty Images The S&P 500 booted electric vehicle maker Tesla from its ESG Index as part of an annual update to the list. Meanwhile, Apple, Microsoft, Amazon and even oil and gas multinational Exxon Mobil were still … Read more

Elon Musk has wrong approach to count fakes, spam on Twitter: experts

Tesla CEO Elon Musk sent Twitter shares tumbling on Friday when he said he was going to put his $44 billion acquisition of the social network “on hold” while he researched the proportion of fake and spam accounts on the platform. Though Musk later clarified that he remains committed to the deal, he continued to … Read more

SoftBank may spend more on share buybacks than new investments: CLSA

During a recent earnings presentation, SoftBank Founder Masayoshi Son (pictured here in 2019) said the company will go into “defense” mode as a result of myriad headwinds that have roiled global markets. Tomohiro Ohsumi | Getty Images Japanese conglomerate SoftBank Group may for the first time spend more on share buybacks than investments through its … Read more

Elon Musk’s Boring Company hits $5.7 billion valuation

Elon Musk speaks at an unveiling event for The Boring Company Hawthorne test tunnel December 18, 2018. Pool | Getty ImagesNews | Getty Images Elon Musk’s Boring Company wants to build a network of underground tunnels to transport people and cargo around cities. It’s just raised $675 million to push further toward that goal. The … Read more

Elon Musk ‘funding secured’ tweets ruled false new court filing suggests

Elon Musk Krisztian Bocsi | Bloomberg | Getty Images In a court filing out late Friday, shareholders who are suing Tesla and CEO Elon Musk over alleged securities fraud said they won part of a critical ruling in their class-action lawsuit. The shareholders are suing Tesla over money they lost after Musk tweeted in 2018 … Read more

Sony and Lego family invest $2 billion in Fortnite creator Epic Games

The Epic Games logo displayed on a smartphone. Soup Images | lightrocket | Getty Images Fortnite creator Epic Games has raised $2 billion in funding from Sony and the Lego family, in a massive deal highlighting the excitement from big businesses about the so-called “metaverse.” Sony will inject $1 billion into the company, Epic announced … Read more

Tesla CEO Elon Musk hosts ‘Cyber ​​Rodeo’ party to open Austin factory

CEO of Tesla Motors Elon Musk speaks at the Tesla Giga Texas manufacturing “Cyber ​​Rodeo” grand opening party on April 7, 2022 in Austin, Texas. Suzanne Cordeiro | AFP | Getty Images On Thursday night, Tesla CEO Elon Musk spoke at a grand opening event for the electric vehicle maker’s new $1.1 billion factory near … Read more

Tesla TSLA Q1 2022 Vehicle Production and Delivery Numbers

Customers experience new energy electric vehicles at a Tesla store in Shanghai, China, On December 4, 2021. Future Publishing | Future Publishing | Getty Images Tesla just reported first-quarter vehicle production and delivery numbers for 2022. Here’s how they did. Electric vehicle deliveries (total): 310,048 Electric vehicle production (total): 305,407 Over the same period last … Read more

Roman Abramovich-backed venture capital fund removes all traces of operations

Chelsea owner Roman Abramovich is seen on the stand during the Barclays Premier League match between Chelsea and Sunderland at Stamford Bridge on December 19, 2015 in London, England. CliveMason | Getty Images A venture capital fund backed by sanctioned Russian billionaire Roman Abramovich appears to be trying to wipe any trace of its operations … Read more

LinkedIn’s Reid Hoffman sets up AI firm with DeepMind co-founder

Reid Hoffman, author, businessman and co-founder of the networking platform ‘LinkedIn’, speaks at the DLD (Digital-Life-Design) Conference in Munich, Germany, 19 January 2015. Picture Alliance LinkedIn billionaire Reid Hoffman has co-founded a new artificial intelligence start-up called Inflection AI with DeepMind co-founder Mustafa Suleyman and former DeepMind researcher Karén Simonyan. It is the first time … Read more