Share to FacebookShare to TwitterShare to LinkedinRedwood Materials is building a $3.5 billion plant near Charleston, South Carolina, as new battery plants are being built across the Southeast. getty Redwood Materials, the battery recycling and components maker created and run by Tesla cofounder JB Straubel, is accelerating its push to build a U.S. supply base…
Share to FacebookShare to TwitterShare to LinkedinTopline Ahead of Avatar: The Way Of Water’s long-awaited theatrical release this weekend, many critics applauded the movie as a worthy sequel and a technical marvel, setting it up to compete with its predecessor, which remains the highest-grossing movie of all time. Ride ’em, cowboy: Jake Sully, portrayed by…
Share to FacebookShare to TwitterShare to LinkedinTopline Sam Bankman-Fried insinuated law firms looking for a massive payday contributed to cryptocurrency exchange FTX’s decision to file for bankruptcy last month, during a Monday morning interview with Forbes, as the FTX founder outlined his roadmap for what led to his once burgeoning empire’s shocking demise—and tried to…
Share to FacebookShare to LinkedinElon Musk Getty Images The Tesla chief was overtaken for the third time in two days by Bernard Arnault of French luxury conglomerate LVMH. Note: When U.S. markets closed at 4:00 p.m ET, Musk still ranked as the world’s second richest person, with an estimated net worth of $185 billion—$1.2 billion…
Share to FacebookShare to TwitterShare to LinkedinElon Musk Getty Images After losing the top spot on Forbes’ ranking of the world’s richest people Thursday, the Tesla chief overtook Bernard Arnault of French luxury conglomerate LVMH Friday morning. Tesla chief Elon Musk added $5 billion to his fortune since Thursday’s stock market close, as of noon…
Share to FacebookShare to TwitterShare to LinkedinTopline Tesla’s shares fell in early trading on Monday following reports that the company will slash production of the Model Y from its Shanghai plant as the electric vehicle maker faces a slump in demand in China—a critically important market for the company as it makes broader efforts to…
Share to FacebookShare to TwitterShare to LinkedinTopline The multimillion-dollar partnership between Nike and NBA star Kyrie Irving is officially over, the sneaker giant confirmed to Forbes, finalizing the breakup a month after the company pulled Irving’s upcoming sneaker after he pushed antisemitic content, and once again proving Irving’s willingness to lose out on millions to…
“I think if you’re a senior leader at Tesla, you’re praying and hoping that either Elon changes focus or gets off this Twitter thing.” Last year, Elon Musk was cracking jokes on Saturday Night Live. Now, he is the butt of them. In the past week, he’s been ridiculed on almost every major late-night show…
“Got that dinero on my mind,” Beyoncé and Jay-Z wrote on the third track of their surprise album Everything is Love, which came out last June. A year later, it’s clear that the couple wasn’t just taking poetic license: With Jay-Z’s newly minted status as a billionaire and Beyoncé’s place on Forbes’ richest self-made women
Share to FacebookShare to TwitterShare to Linkedin Concept by Fernando Capeto; Illustration by Gracelynn Wan for Forbes The complaint says the Bitcoin Latinum founder lured an investor in with the promise that the producers of Star Trek had already invested $20 million. An investor in a scarcely-known cryptocurrency called Bitcoin Latinum — named for a…
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