Tag: Startup

Share to FacebookShare to TwitterShare to LinkedinTopline Germany could end its reliance on Russian oil by the close of summer, the country’s Federal Ministry of Economics and Technology reportedly announced Sunday, stepping up its previous timeline by at least three months—barely three weeks after the European Union announced a ban on Russian coal imports. A…

Jeff Bezos is $20.5 billion more poor.  The second richest man in the world lost this huge sum in 24 hours. To be more precise, this big loss happened during the April 29 stock market session.  Do not worry, however, because the entrepreneur still has a net worth of $148 billion as of April 30,…

This is where the biggest battle in the race for electric vehicles (EVs) will undoubtedly be played: trucks/pickups.  This segment of electrification is certainly the one whose margins are not as high as in luxury electric sedans, but it is the one where sales volumes will be among the highest. And. sales volumes equal popularity.…

Share to FacebookShare to TwitterShare to LinkedinTopline Shares of Amazon collapsed Friday after the e-commerce monolith reported worse-than-expected earnings spurred by high inflation and lingering supply chain constraints, pushing the stock down more than 30% below its record high and extending a slate of massive losses among formerly high-flying technology firms. What goes up: Shares…

Share to FacebookShare to TwitterShare to LinkedinTopline As he looks to finance his massive acquisition of social media company Twitter, Elon Musk sold another 5.2 million shares of Tesla for roughly $4.5 billion, bringing his total share sales this week to nearly 10 million, according to new filings with the Securities and Exchange Commission released…

China’s government has more strictly regulated its technology sector for more than a year, hammering major Chinese tech stocks listed in the U.S., such as Alibaba  (BABA) – Get Alibaba Group Holding Ltd. Report and JD.com  (JD) – Get JD.com Inc. Report. But now the government is set to pull back, out of concern about recent…

Ron Guerrier from HP, Linda Jojo from United Airlines and Lidia Fonseca from Pfizer. Illustration by Alexander Wells. Recognizing 50 top tech leaders who are redefining the CIO role and driving game-changing innovation. By Forbes CIO Network Editors Martin Giles, Jair Hilburn & Emmy Lucas Today’s outstanding CIOs know that mastering technology alone isn’t a…

Share to FacebookShare to TwitterShare to LinkedinTopline An executive for the American Civil Liberties Union testified Thursday in Amber Heard and Johnny Depp’s defamation trial that he believes Tesla CEO Elon Musk, who dated Heard, paid a portion of the $3.5 million the actress promised the organization—only $1.3 million of which was paid. Elon Musk,…

Share to FacebookShare to TwitterShare to Linkedin Newly built Tre BEV trucks awaiting shipment to customers from Nikola’s Coolidge, Arizona, plant. Nikola Inc. Nikola Inc., which aims to be a leader in battery- and hydrogen-powered heavy trucks, has begun production of electric semis at its new Arizona plant, getting to market at least a year…

Share to FacebookShare to TwitterShare to LinkedinTopline SpaceX successfully launched four astronauts towards the International Space Station early Wednesday in a mission that features one of the most diverse crews sent to space. A SpaceX Falcon 9 rocket carrying the company’s Crew Dragon spacecraft is launched on NASAs SpaceX … [+] Crew-4 mission to the…