Tag: Tesla

Elon Musk is walking on eggshells in China.  The billionaire chief executive of Tesla  (TSLA)  defines himself as one of the most ardent defenders of free speech. He’d said that protecting free speech was one reason he bid $44 billion for microblogging website Twitter  (TWTR) .  (He has withdrawn the proposal, but the platform is…

George Soros seems to have picked his winners in the race for electric vehicles.  In any case, the emblematic investor is placing his pawns while car manufacturers are fighting with thunderous announcements to occupy this market considered to be the future of the automobile in the medium term at least.  Soros, who had so far…

The quarters follow each other and look alike for Rivian  (RIVN) : Does the young electric vehicle manufacturer have a future?  This crucial question is often asked of any new vehicle manufacturer when they want to move up a gear. In the case of Rivian, of which many experts recognize its innovations, the question remains…

Walmart used to be one the main players in the entertainment industry. And the people who made that entertainment were generally not happy about that, but felt like they had no choice but to play along. In the 1990s, Walmart  (WMT) – Get Walmart Inc. Report wasn’t just one of the most popular retailers in America,…

When Howard Schultz first became chief executive of Starbucks (SBUX) – Get Starbucks Corporation Report, he had a bold plan for the stores to become a third place (after work and home) for its customers.  In his vision, the cafes would not be simply a place to get a cup of coffee; they would be…

Updated at 9:35 am EST U.S. stocks roared higher Wednesday, while the dollar slipped lower against its global peers, as investors reacted to a key July inflation reading that looks to have triggered a pullback in rate-hike bets. Headline CPI  eased last month from the 41-year peak rate of 9.1% it reached in June to…

Walmart has deep roots in brick-and-mortar retailing, but Chief Executive Doug McMillion has long understood that the company needs to invest heavily in technology.  That effort has not always been smooth sailing. The retail giant bought Jet.com in 2016 for $3.3 billion largely to acquire its management team, led by Marc Lore, and its technology.…

Elon Musk can usually rely on a pretty warm response from shareholders in Tesla  (TSLA) – Get Tesla Inc. Report. The company’s CEO spoke for about 90 minutes at the company’s annual meeting, held Aug. 4 at the recently opened gigafactory in Austin, Texas. Musk drew cheers and applause for many comments: on selling the…

Sixteen years ago, Tesla CEO Elon Musk announced his goal of building the first truly low-cost electric family car. Now General Motors has beaten him to it. INAugust 2006, before Tesla had built its first electric car, Elon Musk published his first “Master Plan” for the company with a singular goal: transform the environmentally unfriendly…

Long-suffering fans of the Tesla  (TSLA) – Get Tesla Inc. Report cybertruck, which was first announced in 2019, may have to wait another year for deliveries to start, and that’s not the only disappointment. Tesla CEO Elon Musk told shareholders at the company’s annual meeting on Aug. 4 that the truck’s “specs and pricing will be different,…