Tag: Tesla

Is Silicon Valley in a recession? The question became more pointed  this May 5 in the financial markets. After the Federal Reserve indicated on May 4 that it was entering a phase of aggressive monetary rate hikes to curb inflation, investors’ eyes turned to most of the so-called growth assets, in other words tech. The…

In recent years, big tech names like Apple  (AAPL) – Get Apple Inc. Report, Meta Platforms  (FB) – Get Meta Platforms Inc. Class A Report and Amazon  (AMZN) – Get Amazon.com, Inc. Report seemed almost immune from Wall Street downswings. In fact, for most of 2021 their strong performance masked otherwise dismal showings in many other companies’s…

In a surprise move, a majority of Amazon ( (AMZN) – Get Amazon.com, Inc. Report) employees at the behemoth’s Staten Island warehouse voted against joining the union. The win for the online retailer came after another Staten Island fulfillment center was the first to unionize and founded the Amazon Labor Union. The employees at the LDJ5…

Elon Musk is the new Oracle.  This title which is accompanied by the respect of both Wall Street and Main Street was previously attributed to the legendary investor Warren Buffett, 91, who is called the Oracle of Omaha. Buffett has inspired respect, admiration, and devotion to the point where the shareholder meeting of his conglomerate Berkshire Hathaway …

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…