The world’s 500 richest billionaires lost $ 1.4 trillion in the first half of 2022, the steepest six-month drop ever for the ultra rich, Bloomberg reports. Why it matters: The losses come as the S&P 500 Index suffered its worst first half of the year since 1970, per Barron’s. By the numbers: The decline is … Read more
In May, electric-vehicle maker Tesla was removed from the S&P 500’s ESG Index. In response, CEO Elon Musk tweeted that ESG was “a scam” that had been “been weaponized by phony social justice warriors.” Jim Watson | AFP | Getty Images Tesla chief Elon Musk may have misunderstood the meaning behind ESG (environmental, social, and … Read more
Tesla workers are being warned by automated emails if they do not swipe into the office frequently enough, after CEO Elon Musk threatened to fire anyone who failed to return to the office full time. The latest shot in Musk’s war against working from home was leaked this week, when a Tesla employee posted a … Read more
Press play to listen to this article Ukrainian intelligence said on Wednesday that 144 Ukrainian officers and soldiers were returned home from Russian captivity in exchange for Russian prisoners – the largest swap since the Kremlin’s invasion on February 24. That number includes 95 soldiers who had defended the Azovstal steelworks in the southern city … Read more
Elon Musk talks at the Automotive World News Congress at the Renaissance Center in Detroit, Michigan. Rebecca Cook | Reuters Tesla is closing its office in San Mateo, California, and eliminating an estimated 200 jobs there, CNBC has confirmed, as part of a broader cost-cutting effort at the electric vehicle company. At the San Mateo … Read more
At the beginning of this week, it became known that the 18-year-old son of Elon Musk wanted to change not only his gender but also his name. Xavier Musk has asked the court to allow him to give up his biological father’s surname. In the documents that journalists managed to get, the young man explained … Read more
Salesforce CEO Marc Benioff, Microsoft co-founder Bill Gates, and departing Meta COO Sheryl Sandberg were among noteworthy tech executives speaking out publicly on Friday’s Supreme Court ruling which overturned Roe v. Wade. The ruling ends constitutional right to abortion in the US, which has stood since 1973. Apple CEO Tim Cook, Tesla and SpaceX CEO … Read more
Elon Musk wants to share some good news. The Tesla (TSLA) – Get Tesla Inc. Report CEO has been facing some challenges lately, including layoffs, lawsuits as a result of the layoffs and, according to the world’s richest man himself, concerns about bankruptcy. Musk said the electric vehicle maker faces billions of dollars in losses … Read more
Tesla’s new plants in Texas and Germany are “losing billions of dollars” as the electric car maker struggles with production due to supply chain disruptions and battery shortages, Elon Musk said in an interview released Wednesday. What he’s saying: “Both Berlin and Austin factories are gigantic money furnaces right now,” said Musk in the interview … Read more
A Black ex-employee of Tesla has decided to reject a $ 15 million payout for a racial discrimination lawsuit he levied against the company in 2017. Owen Diaz, who worked at Tesla’s Fremont, California, automotive plant for nine months between 2015 and 2016, alleges that his co-workers spewed racial slurs at him and drew swastikas … Read more