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Tesla Stock Rallies To 2-Month High As Musk Pay Package ‘Overhang’ Fades

Tesla Stock Rallies To 2-Month High As Musk Pay Package ‘Overhang’ Fades

Share to FacebookShare to TwitterShare to LinkedinTopline Shares of Tesla rallied Thursday to their highest level since late April as the automaker’s billionaire CEO Elon Musk said shareholders approved his controversial $50 billion compensation package, easing some investor concerns about the mercurial Musk leaving Tesla in the dust. “Tesla is Musk and Musk is Tesla,”…

Bitcoin Miner Core Scientific’s Stock Soars On AI Expansion Plans

Bitcoin Miner Core Scientific’s Stock Soars On AI Expansion Plans

Share to FacebookShare to TwitterShare to LinkedinMining units at a bitcoin mining facility in Texas. Photographer: Jordan Vonderhaar/Bloomberg © 2022 Bloomberg Finance LP Artificial intelligence (AI) is hungry for computing power, and bitcoin miners willing to repurpose their infrastructure stand to profit handsomely. Core Scientific, one of the largest publicly traded bitcoin miners, emerged from…