Unexpected: Elon Musk becomes Twitter’s largest shareholder

Tech 04/04/22, 14:47

Elon Musk, has just acquired a nearly 10% stake in Twitter, worth $3 billion, shortly after questioning the social network's handling of free speech. On Monday, April 4, it became known that Tesla's CEO, a fervent generator of controversial tweets, acquired 9.2% of Twitter, thus becoming the largest shareholder of the ...

Tesla’s CEO Elon Musk named Time’s 2021 Person of the Year

Inspired Stories 12/14/21, 00:54

Time magazine has nominated Elon Musk, the CEO of Tesla, as “Person of the Year” for 2021. He was dubbed “a clown, genius, wizard, visionary, industrialist, performer” by Time magazine. According to Time, Musk’s achievements range from launching SpaceX in 2002 to co-founding alternative energy company SolarCity with Tesla, the world’s most ...

Chinese smartphone giant plans to produce 300,000 electric vehicles annually

Tech 11/28/21, 02:28

Chinese smartphone giant Xiaomi Corp will construct a plant in Beijing which can produce 300,000 vehicles per year for its electric vehicle unit, authorities in the capital said on Saturday. On its official WeChat account, the Chinese Communist Party (CCP) backed economic development agency Beijing E-Town disclosed that the plant will ...

China’s invasion: US brands under Chinese control

China 10/29/21, 02:56

Some well-known U.S. brands appear to be homegrown but are supported by Chinese investors. In addition, there's an astounding number of American corporations acquired, operated, or partially controlled by Chinese companies. General Electric General Electric (GE) was a relatively small brand when it was founded in 1892. The business grew exponentially and ...

Tesla’s bad news accelerates as Wall Street loses faith

Business 05/24/19, 10:40

Late last year, Tesla Inc. was fully charged and cruising down the highway on Autopilot.Shares were trading above $370 each, sales of the Model 3 small electric car were strong and the company had appointed a new board chair to rein in the antics of sometimes impulsive CEO Elon Musk.But ...

Tesla shares bounce on leaked memo about rising sales

Business 05/23/19, 10:09

Shares of Tesla, suffering one of the worst stretches in company history, rebounded Thursday after CEO Elon Musk told employees that orders are up.The gyrations Thursday were indicators of a volatile day for the shares, which have shed about 60% of their value in three weeks and are trading at ...

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