Micron Technology (MU) shares moved lower Thursday after the memory chip maker unveiled plans to invest $15 billion in the construction of a new manufacturing base in Idaho. Micron said the new facility will be the first new-memory manufacturing hub built on U.S. soil in more than two decades, and will ensure that domestic supplies…
Growth comes with a cost, especially when that growth was not in the original plans. Think of it like you would an old town, versus a new one. In high-growth parts of the country, builders have created something called a “master-planned community,” that’s a town or city planned out fully. This means that before builders…
Elon Musk is a master of promoting new technology ideas, but of course not all of them come to fruition. Yes, Musk’s Tesla (TSLA) has become the world’s biggest EV maker and most valuable automobile company, but that hyperloop thing has really fallen by the wayside. And Tesla’s full self driving software is still in…
Amazon (AMZN) has been trying to find the right approach to disrupt the healthcare industry for several years. Now, it’s changing course by dropping one key initiative to focus on others in the works. The surprising announcement came this week as the company said it plans to shut down its telehealth company, Amazon Care. The internet…
Celsius Network is in big trouble. The crypto lender is one of the biggest victims of the fall in cryptocurrency prices that caused a liquidity crisis in the industry in May, June and July. The firm has filed for Chapter 11 bankruptcy and is restructuring its debt. But the platform, which traded cryptocurrencies and offered…
The popularity of streaming, and the need for nearly every media company and studio to have their own streaming service, has normalized the idea of watching epic films from the comfort of your home. That’s a good thing, by the way. No film is in theaters forever, and it’s nice to be able to go…
Halloween will have a special flavor this year for fans and critics of Elon Musk. The whimsical and charismatic CEO of Tesla (TSLA) has indeed just encouraged everyone to tick next October 31 in their calendar. The only certainty for the moment is that the billionaire will not talk about Tesla, the manufacturer of electric vehicles,…
Tesla (TSLA) , the leading electric vehicle maker in the world, is way ahead of its competition in production and should deliver over 1 million EVs this year. The Austin, Texas, EV giant produced and delivered more fully electric EVs than any other company in the world in the first half of the year with 563,987 produced…
He is the richest man in the world with an estimated fortune of $260 billion as of Aug. 19, according to Bloomberg Billionaires Index. He is also considered the most innovative and revolutionary boss since Apple’s (AAPL) Steve Jobs. He leads companies that want to revolutionize transportation (Tesla (TSLA) ), conquer Mars (SpaceX), build humanoid…
The last four months of the year promise to be busy for Tesla (TSLA) and its CEO Elon Musk. At the end of September, the manufacturer of premium electric vehicles will hold the second edition of its ArtificiaI Intelligence Day. Indeed, Musk has promised to unveil a functional humanoid robot ready to be marketed in…
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