Elon Musk says he doesn’t plan to donate to GOP super PACs

Billionaire entrepreneur Elon Musk says he has no current plans to fund a Republican super PAC in the upcoming US elections, including any who oppose President Joe Biden in 2024. The Tesla and SpaceX CEO, who is listed by Forbes as the wealthiest person in the world, told CNBC in an email that he’s ruled … Read more

Elon Musk says he does not plan to donate to GOP super PACs in upcoming elections

Billionaire entrepreneur Elon Musk says he has no current plans to fund a Republican super PAC in the upcoming US elections, including any that oppose President Joe Biden in the 2024 presidential race. The Tesla and SpaceX CEO, who is listed by Forbes as the wealthiest person in the world, told CNBC in an email … Read more

Elon Musk and Twitter: Now It’s Personal and Ugly

It’s a saga that keeps markets and social networks in suspense. Since Elon Musk announced on April 4 that he owned 9.2% of Twitter (TWTR) – Get Twitter, Inc. Report and nine days later launched a $ 44 billion bid to acquire the microblogging platform, the many twists and turns in the story have come … Read more

Elon Musk’s Twitter Bot Problem Is Fake News

With his professed concern about fake accounts on Twitter, TWTR -3.90% Elon Musk appears to be grasping at legal straws in an attempt to back out of his commitment to buy the social networking company for $ 54.20 a share, or at least to pay less for it. But his gambit has shined a light … Read more

Hyundai and Kia Say They Will Spend Billions More On EVs

Photo: Hyundai Stellantis thinks it can make a lot of money in India, midsize SUVs did mostly fine in a new side crash test, and Elon Musk. All that and more in The Morning Shift for May 18, 2022. 1st Gear: Hyundai It wasn’t two days ago when we were talking about Hyundai being a … Read more

Elon Musk Does Not Fear A Recession

Elon Musk makes the news. He is everywhere. The chief executive officer of premium electric vehicle maker Tesla (TSLA) – Get Tesla Inc Report is somewhat reminiscent of former Republican President Donald Trump when the latter was in office. Like Trump, Twitter is Musk’s main communication channel. Like the real estate developer, the tech tycoon … Read more

Illinois Revokes Carvana’s Dealer License Over Titling Issues

Photo: Joe Raedle (Getty Images) Carvana is presently forbidden from selling cars in the land of Lincoln, Rivian is suing its seat supplier and Tesla’s closing the order books for a vehicle it was supposed to start manufacturing six months ago. All that and more in The Morning Shift for Tuesday, May 17, 2022. 1st … Read more

5 things to know before the stock market opens Monday, May 16

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Dow set to open slightly lower after 7 straight weeks of selling Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, May 13, 2022. Brendan Mcdermid | Reuters US … Read more

Elon Musk says Twitter claims ‘bot check’ broke NDA

Elon Musk on Saturday tweeted that Twitter’s legal team accused him of violating a nondisclosure agreement by revealing that the sample size for the social media platform’s checks on automated users was just 100 accounts. “Twitter legal just called to complain that I violated their NDA by revealing the bot check sample size is 100!” … Read more

Hyundai, Quietly, Might Be Tesla’s Biggest Threat

Photo: Hyundai Audi, Tesla, GM, Ford, Stellantis, and probably everyone else are having production issues, while Hyundai could be a sleeping EV giant. All that and more in The Morning Shift for May 16, 2022. 1st Gear: Hyundai Now, before anyone gets too upset, I’d like to recognize that Hyundai’s EVs and Tesla’s cars are, … Read more