Tesla shares go up after Musk’s Twitter-induced $5bn offload November 11, 2021 Tesla shares have gone up as chief executive Elon Musk sold $5bn of his stocks following a Twitter poll. The car maker’s shares have increased by 3.3 per cent to $1,103.40, recovering from a slump suffered earlier this week, when they closed 5 per cent lower on Monday compared to the previous Friday. Market shares [...]
Elon Musk stripteases at launch of Tesla SUV at new China factory January 7, 2020 Elon Musk left his army of followers hot under the collar this morning, when he posted a video of himself seemingly beginning a striptease on stage at the launch of Tesla’s Model Y in Shanghai. The Tesla boss was at his firm’s new Gigafactory in the city, when he started dancing in front of the [...]
BMW cuts 2022 profit margins as Ukraine war worsens supply chain issues March 16, 2022 BMW announced today it was cutting its 2022 profit margin forecast after the war in Ukraine caused new supply chain disruptions. The automotive maker said its EBIT margin will go down from between 8 and 10 per cent to between 7 and 9 per cent, warning supply chain issues could severely hinder production. Despite engaging [...]
Michael Saylor buys up another 5,050 Bitcoin for MicroStrategy September 13, 2021 MicroStrategy – the world’s first PLC to hold Bitcoin – has bought more of the flagship cryptocurrency, taking its total holdings to a staggering 114,042 BTC worth almost $5.1bn.
Ozempic and Wegovy: What happens when a drug goes viral? May 18, 2024 Novo Nordisk's Wegovy and Ozempic have been heralded as the solution to the world's growing obesity problems. But when celebrities and influencers misuse them and start documenting their weight loss journeys online, should we take stock?
Wiesmann Project Thunderball 2022 review: High voltage! December 8, 2022 Wiesmann used to build sports cars powered by BMW V8 and V10 engines. Now it's gone fully electric. Tim Pitt drives Project Thunderball.
Tesla hits record deliveries despite chip shortage July 2, 2021 Electric carmaker Tesla posted record vehicle deliveries for the second quarter as the firm handled the worldwide semiconductor shortage through sales of its cheaper models. The results were in line with analyst expectations, as the firm cooed the supply crisis better than many of its more established rivals. However chief executive Elon Musk has warned of [...]
Even as we teeter on the edge of a recession, we will create new opportunities August 23, 2022 NECESSITY, as the old saying goes, is the mother of invention. That’s why periods of economic or social upheaval often coincide with exceptional innovation – the rapid development of the Covid-19 vaccine, based on breakthrough mRNA technology, being a perfect example. Today, the global economy is in precarious shape. Europe, in particular, faces likely recession [...]
Tesla to spend north of $1bn for Australian electric car battery materials annually June 2, 2021 Raw battery materials from Australia alone are expected to cost Tesla north of $1bn every year, the chair of the US carmaker has said today. Australia, which is rich in natural resource, is a business go-to for its bustling mining industry and responsible production practices. Tesla is keen for minerals like lithium and nickel, which [...]
Manchester United takeover could cost $8bn (£6.7bn) but minority sale more likely August 18, 2022 Manchester United’s owners, the Glazer family, are more likely to sanction the sale of a minority stake but such a deal could pave the way for a full buyout costing as much as $8bn (£6.7m). That is the view of sports business experts following a surge in speculation that the Glazers could be persuaded to [...]