Elon Musk wants more control of Tesla, seeks 25% voting power

Elon Musk wants more control of Tesla, seeks 25% voting power

Elon Musk, chief executive officer of Tesla Inc., during a fireside discussion on artificial intelligence risks with Rishi Sunak, UK prime minister, not pictured, in London, UK, on Thursday, Nov. 2, 2023.  Tolga Akmen | Bloomberg | Getty Images Tesla and SpaceX CEO Elon Musk, who also owns the social network X (formerly known as … Read more

World’s five richest men have doubled their wealth since 2020: Oxfam

World’s five richest men have doubled their wealth since 2020: Oxfam

Jeff Bezos looks on from the sidlines before kickoff between the Kansas City Chiefs and Los Angeles Chargers at GEHA Field at Arrowhead Stadium on September 15, 2022 in Kansas City, Missouri. The Amazon founder and chairman is one of the world’s richest men. Cooper Neill | Getty Images Sport | Getty Images The world’s … Read more

For 10-year GM CEO Mary Barra, 2024 is about change and crisis

For 10-year GM CEO Mary Barra, 2024 is about change and crisis

Mary Barra, CEO of General Motors, at the New York Stock Exchange, Nov. 17, 2022. Source: NYSE DETROIT — Monday marks 10 years of Mary Barra’s tenure as CEO of General Motors, ushering in a crucial year for the Detroit automaker and for her legacy. Over the past decade, Barra has been a dynamic executive, … Read more

Ford could do 2 things to shine in a challenging 2024 for auto industry

Ford could do 2 things to shine in a challenging 2024 for auto industry

Wall Street sees opportunities for legacy automakers like Ford to stand out in 2024 despite the challenges the industry faces as demand for electric vehicles softens. Ford could make for a successful year by doing two things: continuing its strategic shift toward more profitable hybrids instead of heavy investments in less lucrative EVs and improving … Read more

Hertz makes ‘agile’ decision to shift strategy and sell EVs, Teslas

Hertz makes ‘agile’ decision to shift strategy and sell EVs, Teslas

A Hertz Tesla electric vehicle is displayed during the Hertz Corporation IPO at the Nasdaq Market site in Times Square in New York City, U.S., November 9, 2021.  Brendan Mcdermid | Reuters Hertz surprised many onlookers last week when the car-rental company announced it would be selling about a third of its global electric vehicle … Read more

Jim Cramer compares NFL playoff teams to stock picks

Jim Cramer compares NFL playoff teams to stock picks

CNBC’s Jim Cramer on Friday compared all NFL 14 teams competing in the playoffs to some of his top stock picks. “As I was reviewing this weekend’s slate of six games and the 14 teams that made the playoffs, I realized many of them are reminiscent of my favorite companies,” he said. “Tonight, I want … Read more

Tesla stock down on Red Sea delays, price cuts

Tesla stock down on Red Sea delays, price cuts

An employee of the Tesla Gigafactory Berlin Brandenburg works on a production line of a Model Y electric vehicle. Patrick Pleul | Picture Alliance | Getty Images Shares of Tesla dipped as much as 3% Friday morning as the stock faced pressure from supply chain delays due to a crisis on the Red Sea, and … Read more

Tesla raising factory worker pay in U.S., as UAW aims to organize

Tesla raising factory worker pay in U.S., as UAW aims to organize

An aerial view shows the Tesla Fremont Factory in Fremont, California on February 10, 2022. Josh Edelson | AFP | Getty Images Tesla is rolling out “market adjustment” pay increases this month to many of its factory workers across the U.S., according to notices posted at the company’s vehicle assembly plant in Fremont, California. Bloomberg … Read more

Elon Musk’s X to launch peer-to-peer payments this year

Elon Musk’s X to launch peer-to-peer payments this year

Elon Musk — the CEO of Tesla and SpaceX and owner of X, formerly known as Twitter — speaks during The New York Times’ annual DealBook summit in New York City, Nov. 29, 2023. Michael M. Santiago | Getty Images Elon Musk’s social media platform X, formerly known as Twitter, announced it will launch peer-to-peer … Read more

CIO calls a new phase in the market, says a ‘healthy’ rotation has begun

CIO calls a new phase in the market, says a ‘healthy’ rotation has begun

Traders work on the floor of the New York Stock Exchange.  NYSE Stock markets have entered a new phase that will involve a broadening of last year’s bull market as big U.S. tech stocks come under pressure, according to the CIO of a Swiss private bank. Charles-Henry Monchau, chief investment officer at Bank Syz, told … Read more